The reason why the advance payment made after the signing of the contract in the autumn of 2024 was restricted is that Metacon's bank required this to provide the advance guarantee requested by the customer. The activities that the customer demanded to be fulfilled to release the warranty claim have now been fulfilled by Metacon and the liquidity is available to Metacon.

For more information on the above-mentioned customer contract, see the press release from August 8th, 2024.

For more information, please contact: Christer Wikner, President & CEO, +46 707 647 389, info@metacon.com

About Metacon AB (publ)

Metacon AB (publ) develops and manufactures energy systems to produce fossil-free "green" hydrogen. Within the Electrolysis business unit and in close collaboration with world-leading PERIC Hydrogen Technologies, Handan, China, Metacon offers complete electrolysis plants for large-scale production of hydrogen. Metacon also offers integrated hydrogen refuelling stations, a globally growing area in clean transport. The products in the Reformation business unit are based on Metacon's patented HIWAR® technology, which generates hydrogen through catalytic steam reforming of biogas or other hydrocarbons such as bioethanol. The development of Metacon's reforming products takes place within the wholly-owned subsidiary Metacon S.A. in Patras, Greece with a focus on catalytic process chemistry and advanced reformers for high-efficiency hydrogen production. www.metacon.com

For more information, see:
www.metacon.com | X: @Metaconab| LinkedIn: www.linkedin.com/company/metaconab