Impact Coatings AB (publ) has secured a Letter of Intent from FTXT Energy Technology Co., Ltd., a prominent Chinese manufacturer of fuel cell systems and stacks, for the continued supply of coating services for fuel cell bipolar plates. This agreement signifies a significant milestone in their partnership, with Impact Coatings committing to providing production capacity from its Coating Service Center in Shanghai throughout 2025, with expected revenues exceeding CNY 4.5 million. The collaboration between the two companies extends beyond service provision, as they have also embarked on a joint venture in developing fuel cell coating technology. FTXT, a subsidiary of Great Wall Holding Group, is actively involved in promoting the application of hydrogen energy and zero-carbon technology through various projects. These projects include hydrogen heavy-duty trucks for construction in Hebei Province and hydrogen buses in Shanghai. This partnership highlights the growing importance of hydrogen applications in the automotive and energy sectors, showcasing the potential for further advancements in fuel cell technology.