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Nel ASA: Commercial update РIn advanced negotiations with two independent customers

(Oslo, 23 March 2022) Nel ASA (Nel, OSE: NEL) is in advanced commercial negotiations with two independent customers about sale contracts, each with approximately value of EUR 3 million. The scope for one of the contracts is an alkaline electrolyser system and the other is hydrogen fueling modules. Both potential contracts are in Europe.

Negotiations are ongoing, and there can be no assurance that the respective parties thereto will reach agreements on terms of supply contracts that are mutually acceptable.

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