Permascand Top Holding AB (publ) (“Permascand”), an independent technology-driven manufacturer of electrochemical solutions, today announced that the company has signed a Collaboration Agreement with Verdagy for the development of a novel electrochemical cell to produce green hydrogen. The Collaboration Agreement follows the LOI signed between the companies in June 2021 and will accelerate the commercialization of the Electrochemical Cell that is the foundation for the Verdagy Water Electrolysis (VWE) process.