Pure Hydrogen (ASX:PH2) signed a master supply and distributor agreement with GreenH2 LATAM to become the preferred supplier for two hydrogen projects in Mexico, supplying equipment worth AU$44 million, according to a Wednesday Australian bourse filing.
Under the deal, GreenH2 LATAM gets exclusive distribution rights in Mexico and Colombia, maintaining exclusivity by achieving $20 million in annual sales.
The company's shares rose 16% in recent Wednesday trade.
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