9th Jun 2025 11:29
Hydrogen Future Industries PLC - London-based developer of wind-based green hydrogen production system - Signs agreement to license its technology in the US. The agreement is between company subsidiary HFI IP Holdings Ltd and a special purpose vehicle named HFI Energy Systems US Inc. HFI Chief Executive Officer Tim Blake is also a director of HFI Energy, so the agreement is considered a related-party transaction. HFI Energy intends to create a green energy park in the US state of Montana, using the HFI technology. Under the 10-year exclusive license, HFI will receive a license fee of USD2.0 million within four months of signing, conditional on HFI Energy raising the required funds. The contract is renewable for another USD2.0 million. HFI will commit USD1 million of the initial license fee to develop its wind turbine energy system.
Current stock price: 1.50 pence for GBP969,840 market capitalisation; last traded on AQSE on January 21
12-month change: down from 2.38p
By Tom Waite, Alliance News editor
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