SaltX agrees to sell exclusive license for its gas heat pump technology in China
- Partnering with Stjernberg Automation and TUS Holding SaltX Technology – listed on NASDAQ First North in Stockholm – has agreed on the key terms of a licensing and collaboration agreement with Stjernberg Automation AB and its Chinese Joint Venture - TUS Stjernberg Technology Co, Ltd. The term sheet stipulates that Stjernberg will pay SaltX 10 million RMB for exclusive rights to manufacture and sell SaltX HeatBoost components and products in China. The amount includes technical support from SaltX during the first two years and is paid in four equal instalments provided certain volume- and