(Information sent by the signatory company)
KARLSKOGA, Sweden, March 12, 2024 /PRNewswire/ -- Cell Impact has signed an agreement on flow plates, tools and accessories worth just over SEK 18 million. The contract marks a significant step for Cell Impact into the electrolyzer market.
The agreement, which will last 30 months, introduces a new market segment for Cell Impact, as well as a new European customer. The client has a unique and promising technology for the manufacture of PEM electrolyzers. The project is scheduled to begin in March 2024 and deliveries are initially expected to continue until mid-2026.
"One of the advantages of this customer's technical solution is that it allows us to supply flow plates from our existing production lines based on Cell Impact Forming™ technology, without modifying our machines," said Daniel Vallin, Interim CEO of Cell Impact, who concludes:
"At Cell Impact, we have focused on improving the electrolyzer offering. During 2023, we have communicated product sample deliveries and ongoing customer projects in interim reports. This agreement confirms that our technology and products are attractive as well for electrolyzers, a crucial component in green hydrogen production.
This information is inside information that Cell Impact AB is obliged to make public in accordance with the EU Market Abuse Regulation.
About Cell Impact
Cell Impact AB (publ) is a global supplier of advanced flow plates for electrolyzer and fuel cell manufacturers. The company has developed and patented a unique method for high-speed forming, Cell Impact Forming™, that is significantly more scalable and cost-effective compared to conventional forming methods. Cell Impact Forming is an environmentally friendly forming technology that consumes no water and consumes very little electrical energy. Cell Impact share is listed on Nasdaq First North Growth Market and FNCA Sweden AB is the company's certified advisor (CA).
For more information, please contact:Daniel VallinCEO and RR II Contact, Cell Impact AB (publ) 46730686620 daniel.vallin@cellimpact.com
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