Scandinavian Enviro Systems AB (publ) has signed a letter of intent with an undisclosed party regarding the potential licensing of proprietary technology for the Enviro?s establishment of one or several tyre pyrolysis plants in North America. Under the letter of intent, the parties intend to conduct a study to assess the commercial and technical viability of one or several Tyre (ELT) pyrolysis facility based on Enviro?s technology. The purpose of the study is to provide a basis for the prospective licensee to evaluate the conditions for a potential commercial collaboration and technology long-term licensing agreement.
Any future agreements are subject to the outcome of the study and subsequent negotiations between the parties. There can be no assurance that the study will result in any binding agreements or that a transaction will be completed.
