Philip Caldwell
CEO & Govt Director
To start with, thanks for becoming a member of at brief discover. We — we signed this settlement actually as we speak. And this can be a fruits of the connection that we have had with over the previous 7 years. So it is incredible progress. And to begin with, it relates instantly with our technique.
In order lots of you already know, we’re going by means of a enterprise transformation in the mean time, and we’re targeted on 3 fundamental issues. One is signing new manufacturing licenses, of which that is what we’re speaking about as we speak. The second is accelerating companions to market in order that we will 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’ll additionally do electrolysis later.
Okay. So let’s transfer on. So what we signed as we speak is a producing license settlement for strong oxide for gas cell just for energy markets in China. It doesn’t embrace electrolysis, and it doesn’t embrace the marine market. It is a stage know-how switch to determine 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 numerous years. We have developed the programs you could 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 one among