Creative Power Solutions has signed a framework agreement with Absolicon for the installation of a production line for the T160 Solar collector in Egypt. Creative Power Solutions is a Swiss-based power generation technology company, serving the power generation segment. The total sales value covered by the agreement is estimated at €4-5 million plus a monthly license fee of approximately €30/sold collector and sales of components.

The framework agreement prescribes the general principles for the separate agreements to be drawn up, and the steps to be taken before a binding agreement for the acquisition of the production line can be signed. The framework agreement describes the separate agreements to be drawn up in the process. Absolicon's proceeds from the sale can be grouped into three groups: acquisition of the line, license revenue and revenue from material sales.