Ann: TNG & SMS to Develop Hydrogen Production Technology, page-12

Few things I take away from this:

- SMS and TNG are tight, to the point they are co developing more tech. Great company to be close with.

- FEED expected not to be delayed as this tech will be developed in parallel.

- Definitely opens up green bonds and is attractive to green investors. Can't express enough how keen even the big banks are to have their name associated with anything to do with carbon neutral and 'green. This will make future Tivan plants even more attractive once the tech is licensed and one would think, makes the finance for other companies to build Tivan plants easier.

- By Products from this process are hinted to potentially be a decent additional revenue stream.

This is a great announcement.