Energy Vault signs 10-year exclusive license for SADC region; $20M fee plus 5% royalties

Energy Vault Holdings, Inc.

10-year exclusive license agreement with GESSOL for SADC region.
$20 million total license fee, payable annually in installments.
5% royalty on all gross revenue streams in the territory.
Additional detail provided in response to investor inquiries on prior press release.

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