Strikes me as good news.
Either a separate TiVaN will be built, earning a net % royalty of revenue for the IP (~2-2.5%). Or, the two co's will construct a TiVaN together, likely reducing TNG's Capex.
It also sets TNG up as a bit of a takeover play in 1-2 years once all approvals are in place imo.
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Ann: TNG signs strategic HoA with BBI Group, page-39
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