Yeah, that's correct cazz.
The R&D work on HPA-carbon coated SPG is a collaboration between FYI & EGR. The binding terms sheet signed by Alcoa and FYI (which may eventually result in an incorporated JV after positive FID on phase 3), includes FYI's HPA downstream opportunities.
Ann: FYI: Outstanding Results for Enhanced FYI HPA Anode Coating, page-12
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