Pure Hydrogen (ASX:PH2) signed a strategic distribution agreement with Argentina-based FRN Enterprise for the sale and distribution of the firm's transportation and energy solutions in South America for an initial period of 48 months, according to a Thursday Australian Securities Exchange filing.
Continuity of the agreement will be subject to FRN achieving a minimum of $20 million in total sales revenue within 48 months from the sale of equipment supplied by Pure, the filing said.
The agreement will automatically renew for successive periods of equal duration, unless either party chooses not to renew by providing written notice at least six months in advance.
It sets out the framework for FRN to manage the distribution and sale of Pure's suite of heavy-duty hydrogen fuel cell electric vehicles and battery electric vehicles in the South American market, along with the delivery of containerized electrolysers and associated hydrogen infrastructure.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。