NetworkNewsBreaks – Synthesis Energy Systems, Inc. (NASDAQ: SYMX) Locks In Technology License Agreement for Project in Australia; Shares Climb
Synthesis Energy Systems (“SES”) (NASDAQ: SYMX) shares ticked 8% higher after the company said it has entered into a definitive Technology License Agreement with Australian Future Energy Pty Ltd ("AFE") for a large-scale project to be located in Australia. Per the agreement, SES will collect fees based on the licensed capacity for the project, and for the Process Design Package (PDP), totaling $27 million. Additionally, the entire package of technology, services and equipment is anticipated to provide SES with revenue of approximately $150 million. The company will immediately begin providing technical services to AFE related to the development of the…







