Impact Coatings (China) Co. Ltd. and Waveland Technology Co. Ltd. have signed a lease agreement for a production line dedicated to the coating of plastic waveguide antennas using Impact Coatings' silver-based coating process.

The lease agreement includes establishing and operating a coating production line at Impact Coatings' Coating Service Center in Shanghai for Waveland's antenna production. The initial leasing period is five years, with the option to extend for 12 months at a time following the initial period. Pre-payment for the production line setup amounts to CNY 700,000 (approximately SEK 1,050,000) and the annual leasing fee, excluding volume-based Coating Services fees, amounts to CNY 1,6 million (approximately SEK 2,4 million).

To establish the production line, Impact Coatings will transfer a coating system from the Swedish Coating Service Center to the Shanghai Coating Service Center. The cost of preparing and transferring the system is covered by the non-refundable pre-payment by the customer. The full production line is planned to be operational during the first quarter 2024.