Studsvik signs license agreement with Dongguk Nuclear Solution for the development of waste treatment using inDRUM in South Korea
Studsvik has signed a Technology License Agreement with Dongguk Nuclear Solution, to provide engineering services to support an establishment of an inDRUM in South Korea for radioactive waste treatment based on Studsvik's efficient technology. This is a long-term agreement, built on performance and milestones.The agreement gives Studsvik an initial license earning of 3 MSEK, followed by milestones giving additional revenues of about 30 MSEK over a period of 3-5 years. The customer has the right to exit the agreement if the milestones cannot be achieved. If inDRUM is successfully established,