Renergen names helium-supply customer to comply with ASX rules
Australian Securities Exchange requires more details than the resource explorer’s announcement contained
Dual-listed resource explorer Renergen has named an Austria-based manufacturer as the customer in its first direct helium-supply deal after pressure from the Australian Securities Exchange (ASX), which said the gas producer’s announcement on Monday did not provide sufficient information for investors.
The contract with iSi Automotive spans a decade. iSi Automotive, founded in 1995 with a focus on the requirements of the automotive industry, says it is competent in the use of cooler gases in airbag systems, according to its website. ..