COSOL Limited announced an expanded strategic partnership agreement with Hitachi ABB Power Grids to become the preferred provider for all Ellipse Professional Services capability required by Hitachi ABB Power Grids' clients in the Australia-New Zealand region. Throughout its 21 years of operation, COSOL has been a strategic partner of Hitachi ABB Power Grids. Over this time, COSOL has continued to strengthen its Ellipse practice with specialisations in driving practical business improvement and operational efficiencies through the use of Ellipse. This partnership agreement represents a strong opportunity for the commercial growth of the COSOL business. The preferred provider status under the agreement, operates through a `right of first refusal' mechanism, whereby COSOL has the opportunity to be the sub-contractor for all Ellipse Professional Services capability required by Hitachi ABB Power Grids' clients in the Australia-New Zealand region in accordance with defined engagement models (with the exception of Hitachi's ability to itself perform project management services relating to Ellipse). This agreement is expected to contribute positively to COSOL's financial performance in FY22. The commercial benefits and revenue generation of the expanded terms of the strategic partnership agreement will be based on individual scopes of works sourced during the term of the agreement and COSOL will update the market in due course on material new sales contracts awarded.