Philip Caldwell
CEO & Govt Director
To begin with, thanks for becoming a member of at brief discover. We — we signed this settlement actually right now. And this can be a end result of the connection that we have had with over the previous 7 years. So it is improbable progress. And initially, it relates instantly with our technique.
In order lots of you already know, we’re going by way of a enterprise transformation in the meanwhile, and we’re centered on 3 principal issues. One is signing new manufacturing licenses, of which that is what we’re speaking about right now. The second is accelerating companions to market in order that we are able to really get into the market and get royalties flowing. And the third factor is launching and sustaining our know-how management place with a single stack platform, which goes to be energy first, however they will additionally do electrolysis later.
Okay. So let’s transfer on. So what we signed right now is a producing license settlement for strong oxide for gasoline cell just for energy markets in China. It doesn’t embody electrolysis, and it doesn’t embody the marine market. It is a stage know-how switch to ascertain manufacturing facility, and it’s supported by provide from sellers of key parts. So we’re doing it in collaboration with Weichai. We have been working with them for quite a lot of years. We have developed the programs that you would be able to see behind the staff and the {photograph} right here. And now it is about really beginning to carry core know-how into manufacturing in China.
Okay. Subsequent slide. As I discussed, Weichai is a strategic shareholder. There could also be much less identified to a few of you. They’re considered one of