TALLINN, EE, Jan 9, 2023 - (ACN Newswire) - Elcogen, the European manufacturer of clean energy technology that delivers affordable green hydrogen and emission-free electricity, is pleased to announce the signing of a Memorandum of Understanding ("MOU") with Korea Shipbuilding and Offshore Engineering ("KSOE"), a member of Hyundai Heavy Industries Group ("HHI Group"), and the Germany based Fraunhofer Institute for Ceramic Technologies and Systems ("IKTS"). The MOU was signed at recently held CES 2023 in Las Vegas.

The MOU covers close R&D collaboration in the fields of green hydrogen production and emission-free power generation systems. KSOE is a research-oriented intermediate holding company of Hyundai Heavy Industry (HHI) group, one of the world's largest shipbuilders and is headquartered in Seoul, South Korea. In its own research centers, KSOE is pursuing the development of innovative technologies, including emission-free power generation and hydrogen value chain.

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http://www.rns-pdf.londonstockexchange.com/rns/0647M_1-2023-1-9.pdf

For further information please visit https://elcogen.com/ or contact:

Elcogen AS

Marek Roostar

marek.roostar@elcogen.com

+372 53 84 6006

Tavistock (Corporate and Financial PR)

Simon Hudson / Nick Elwes / Rebecca Hislaire

elcogen@tavistock.co.uk

+44 20 7920 3150

For more information about KSOE, please visit http://ksoe.co.kr/en/about01

For more information about IKTS, please visit https://www.ikts.fraunhofer.de/en/aboutus.html

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