AFC Energy plc confirmed it has strengthened its commercial relationship with Industrie De Nora S.p. A (De Nora) with the signing of the next phase of the Joint Development Agreement, setting updated targets for mass manufacture in advance of commercial deployment. To date, AFC Energy's Joint Development Agreement ("JDA") with De Nora has delivered material non-dilutive investment and success in the form of proprietary efficient cathodes advancing the longevity and performance of the AFC Energy fuel cell system. The advances in performance achieved by De Nora's electrode will enable AFC Energy's deployment of hydrogen power generation systems in key addressable markets, including EV charging and diesel generation displacement. Following recent successful electrode performance testing with prolonged longevity, De Nora has agreed to extend its JDA with AFC Energy underlying its commitment to the electrode development for AFC Energy's fuel cell with the parties agreeing (i) specific cost and operational targets, (ii) confirmation of a scaled up 4-year electrode life (building on recent results) and (iii) a mass electrode manufacturing capability, which together will significantly reduce the levelised cost of energy for AFC Energy's fuel cell systems. Majority of targets scheduled to be met within the first twelve (12) months of the agreement.