Hydrogen generation by applying the Group's Technology, which allows the extraction of hydrogen from water using waste heat, while reducing or eliminating the need for additional non-renewable (fossil) energy, shall take place in a device, so-called the “TIB-Device” – so far only existing as a prototype – which, as an example, could be combined with an internal combustion engine using the waste heat from the engine to allow the conversion of water into hydrogen and oxygen. The hydrogen produced by the TIB-Device might then be either stored or used again as fuel for the engine, thus reducing or even replacing the need of fossil fuel as well as reducing greenhouse gas emissions. With the huge number of combustion engines that are globally produced, we believe that the interest of these industries in the Group's Technology is to be more than significant in the future. In order to cope with future interest in the Group's Technology, TIB-TEC has concluded that instead of building up its own production facilities and selling completed TIB-Devices units to e.g. engine manufacturers or system integrators, time-to-market is essential. In that way, we would enable the integration of the Group's Technology into the experience and special requirements of specific applications such as e.g., engine builders. We believe this is a more optimal path to success. We therefore intend to license the Group's Technology to other stakeholders and industrial partners.