FuelCell Energy receives EMTEC notice to negotiate commercial follow-on; JDA term expires March 31

FUELCELL ENERGY INC

On March 8, 2024, ExxonMobil's EMTEC issued notice under JDA to negotiate a follow-on commercial agreement for Generation 2 technology.
JDA term expires March 31, 2024; parties are negotiating an extension and new commercial terms.
No assurance that a successful extension or follow-on agreement will be reached.
Pilot project at Esso Nederland B.V. Rotterdam Manufacturing Complex may be affected if no extension or agreement is signed.
FCEL stock (Nasdaq: FCEL) could be impacted by outcome of these negotiations.

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