Our partnership with Bosch has provided PowerCell with an extraordinary opportunity to benefit from the increased interest for the fuel cell technology from automotive manufacturers all over the world. Bosch remains the leading supplier to the automotive industry and through this partnership we get unparalleled possibilities to deliver our technology to all major automotive manufacturers. In addition to this, the German industrial project Autostack Industrie, where we develop a fuel cell stack for mass production jointly with BMW, Daimler, Ford and Volkswagen, continues and runs according to plan. Our partnership with Bosch also strengthened our balance sheet and opened new and very interesting opportunities. The partnership has induced, as communicated before, a review of our strategic priorities, a work that is progressing according to plan and on which I will come back in the coming quarters. Per WassénPresident and CEO PowerCell Sweden AB |