Provaris Energy Ltd, listed on the ASX, has made a significant strategic move by submitting a conditional offer to acquire a hydrogen tank production cell at the Fiskå Facility in Norway. This decision follows discussions with a secured lender regarding the sale of the facility after the bankruptcy of Prodtex Industri, the company contracted for the design and construction of Provaris' hydrogen prototype tank. If successful, the acquisition will give Provaris full control over the robotics and laser-hybrid equipment at the facility, ensuring the protection of investments and securing the future of its prototype tank program. Additionally, the company sees potential for broader tank production opportunities at the Fiskå Facility. Provaris is taking proactive steps as it has been informed that the secured lender plans to sell all assets of Prodtex Industri at the earliest opportunity. Recognizing the significance of safeguarding its investments, Provaris believes that acquiring full control of the production cell will create long-term value, especially considering the increasing interest in hydrogen compression for storage and transport. This strategic move aligns with Provaris' goal to capitalize on the growing demand in the hydrogen sector while advancing its hydrogen prototype tank program.