Clean Power Hydrogen plc Memorandum of Understanding with Siemens plc

CPH2 (AIM:CPH2), which has developed market disrupting and IP-protected Membrane-Free Electrolyser (“MFE”) technology for the production of commercial high purity hydrogen and above medical-grade purity oxygen, announces that it has entered into a non-binding Memorandum of Understanding (“MOU”) with Siemens plc. It is the intention of Siemens and CPH2 to conclude a legally binding agreement in relation to Siemens assisting CPH2 across a range of activities focussed on successfully scaling up CPH2’s MFE production and maintaining its technology leadership.

Further updates in respect of the progress towards a legally binding agreement between the parties will follow in due course.

Commenting, Chief Executive Officer of CPH2, Jon Duffy, said:

Our discussions with Siemens cover a range of activities from enhanced process and automation to customer introduction, marketing, 24/7 technical support, training, joint product and process development and Go-to-Market strategies, all with the objective to upscale CPH2 production.

”We look forward to updating the Market further on this in due course.”

Source:   Hydrogencentral