SaltX negotiating to terminate the license for gas heat pumps in China
SaltX Technology - listed on Nasdaq First North Premier – negotiates to end the license and cooperation agreement with Stjernberg Automation AB. SaltX thus repays SEK 3.2 million in previously paid license compensation. The reason is that the collaboration has not provided the intended results.The original intention was that Stjernberg would pay SaltX for exclusive rights to manufacture and sell SaltX HeatBoost components in China including technical support. It has taken longer than expected to develop components that today would be ready for production in larger numbers. Thus, the