Reference is made to the stock exchange announcement dated 29 March 2023 regarding a MOU with the Korean chemical company TKG Huchems and the stock exchange announcement dated 19 September 2023 regarding the extension of the MOU. As of today, Bergen Carbon Solutions has extended this MOU with TKG Huchems for the second time, with one more year. The MOU will remain in effect until 25 September 2025, under the same terms as the original MOU from March 2023. The intent of the MOU is to develop Carbon Nano Tubes (CNT) utilizing technology from Bergen Carbon Solutions, targeting battery cell manufacturers in the Asian region.
Odd Strømsnes, CEO of Bergen Carbon Solutions, comments: "This second extension of our partnership demonstrates the long-term commitment and confidence that we have developed with our partner in South-Korea. Our relationship moves forward as our technological maturity is increasing."
Both TKG Huchems and Bergen Carbon Solutions will proceed with discussions centered around the commercialization of Bergen Carbon Solutions? technology in South Korea. The collaboration and shared commitment to the development of a sustainable CNT technology for the Asian market remains a priority for both entities.
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