Aquarius Engines Board and Audit Committee (Aquarius Engines AM Ltd) have approved a strategic agreement with Musashi Seimitsu Industry Co. Ltd. In addition, the Audit Committee classified the engagement as a transaction that is not an 'exceptional transaction' in accordance with Section 117 of the Companies Law. The agreement focuses on strategic collaboration on research and development, assembly, distribution, marketing and sales of the Aquarius Engines and generators.

The specifics of the deal are still subject to change with negotiations ongoing.