Cell Impact to develop forming tool prototype for European company

Cell Impact has signed an agreement with an unnamed European industrial supplier with global operations in many different market segments.

The deal concerns a prototype forming tool to be used by the customer for evaluation of Cell Impact Forming, Cell Impact's patented technology for manufacturing flow plates. 

The deal has a limited financial impact on Cell Impact's operating profit. Nevertheless, the agreement constitutes an opportunity for Cell Impact to establish another collaboration with an industrial supplier with a large and well-established network in automotive and other key industries where hydrogen, fuel cells, and electrolyzers are of great significance.