We are excited to share that we have signed a Memorandum of Understanding (MoU) with two international customers for commercialisation plan of altogether 6,000 tonnes of Solein per year. The MoUs are a joint plan of the companies, and they outline the fundamental principles of the planned collaboration, towards commercialization and binding agreements.
We have already been working together with these customers on research and product development, and are now deepening our collaboration, aiming for new product launches first in the United States.
Should the collaboration lead to binding agreements, the total volume commitment of 6,000 tonnes of Solein per year would correspond to approximately 50% of the full production capacity of Factory 02, our next production facility, which is now in its pre-engineering phase. Once fully operational, the annual planned capacity of Factory 02 will be 12,800 tonnes of Solein annually - nearly a hundred times the design capacity of our already operational Factory 01.
