Helios Energy Ltd. announced the commencement of a new helium business unit in China. Helios Energy China Ltd, Helios has entered into a boil-off gas (BOG) helium extraction joint venture with Chinese domestic liquefied natural gas (LNG) company, Ordos Xingxing Energy Limited Company (Ordos Xingxing), located in Ordos City, Inner Mongolia, China. Under the helium extraction joint venture agreement, Ordos Xingxing will provide all land, all BOG feed gas and all associated utilities for the helium extraction joint venture. Helios will construct at a cost of approximately USD 3.0 million, a new, leading edge helium gas extraction module immediately adjacent to one of Ordos Xingxing's LNG plants located in Inner Mongolia, China. As the operator and owner of the helium gas extraction plant, Helios will produce industrial grade liquid helium and own 100% of the liquid helium produced and sold. Helios expects the annual helium gas output from this dedicated module to be approximately 100,000 Nm per year once the helium extraction module is running at full capacity. Helios will be one of the first companies to commercially extract material quantities of BOG helium in China, liquefy it and then sell it to domestic Chinese customers. Helios considers this helium extraction joint venture with Ordos Xingxing to be the first step in the development of its helium business unit. At full capacity from this dedicated module, Helios expects liquid helium sales to be approximately USD 3.1 million per annum.