In Sweden, Metacon AB entered into a Memorandum of Understanding aimed at a strategic partnership with the Chinese company PERIC Hydrogen Technologies Co., Ltd, a world-leading manufacturer of, among other things, large-scale electrolytic hydrogen generators (electrolysers). The MoU means that Metacon and PERIC have established the principles for a manufacturing and sales agreement that gives PERIC the right to manufacture and sell Metacon’s hydrogen generators (HHG systems) based on Metacon’s patented reforming technology for the Chinese market. The agreement that this MoU refers to can give Metacon both a strong volume manufacturer for all of Metacon’s markets and a sales partner in one of the world’s largest hydrogen markets.