NRZ 10.0% 1.1¢ neurizer ltd

Ann: NRZ to produce Hydrogen in China, page-89

  1. 407 Posts.
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    What do people make of the following from the announcement?:

    MEI and NRZ propose to enter into a JV to develop ISG at the first 2 chosen sites. The percentage of
    ownership and participation in that joint venture will be finalised following the completion of services in
    relation to site suitability

    Not only is it $25million US per license but also a JV with percentage of ownership following completion of services.

    I would assume then that this is potentially even more revenue for NRZ....which is even more exciting.

    What a fantastic partnership and deal that was sealed.
 
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