This had a bit more meat on it than other “lame PRs”. Good to remind people of the different businesses they are in. In this case the Cryo technology is high value, high margin with no associated hydrogen supply or service contracts (both traditionally loss making).
WIth the electrolyser business also promoted recently we could be seeing up to 60% hardware revenues from non-material handling business. that would be significant and have a big impact on profitability forecasts as the Electrolyser/Cryo business grows.
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