NEL ASA: NEL enters into final agreement with Uno-X for hydrogen station network
(Oslo, 2 March 2016) Reference is made to the stock exchange notification 3 December 2016, regarding the letter of intent with Uno-X Gruppen AS (Uno-X), part of Reitangruppen AS. NEL Fuel AS (NEL), a subsidiary of NEL ASA, and Uno-X have now entered into a final agreement for the rollout of minimum 20 hydrogen refuelling stations covering all the major cities in Norway within 2020. Following the agreement, NEL and Uno-X have established the joint venture Uno-X Hydrogen AS, owned by Uno-X and NEL with 51 % and 49 % respectively. The joint venture will build a network of hydrogen