Cell Impact is initiating a cost reduction program to meet an expected reduced inflow of orders
Cell Impact’s largest customers are forecasting a decline in flow plate demand in the second half of 2023, compared to what has been previously indicated. Fuel cell manufacturing customers have significant large order backlogs, but building supply chains and manufacturing capacity is challenging and it takes longer than expected, delaying expected orders. However, inquiries received from a number of customers and prospects indicate a great interest in Cell Impact's complete offer in the long term.In order to adapt the organization to a lower production rate of flow plates, Cell Impact