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Impact Coatings has received a letter of intent from FTXT Energy Technology Co., Ltd. for continued delivery of coating services for bipolar plates for fuel cells. Under the agreement, Impact Coatings will provide production capacity from its Coating Service Center in Shanghai for a volume corresponding to at least 4.5 million CNY in revenue during the remainder of 2025.
Impact Coatings has signed a cooperation agreement with Telos Auto Power Systems in China to develop advanced fuel cell systems using Impact Coatings' bipolar plate coating technology.
Impact Coatings has received its first production order for Ceramic MaxPhase coatings from Michelin. The order is for fuel cell plate coatings.