Tevano Systems Holdings Inc. announced the signing of a Letter of Intent (LOI) to explore a collaborative partnership with Source Energy Global, aimed at combining their joint expertise and resources to drive innovation and address the global need for a cleaner, sustainable and effective Direct Lithium Extraction (DLE) system. The LOI signifies the commitment of both organizations to engage in joint research and development initiatives. Tevano Systems and Source Energy Global will collaborate on various projects focused on advancing renewable energy systems by leveraging their respective strengths.

The companies aim to accelerate the development and commercialization of cutting-edge DLE technologies. Through this collaboration, Tevano Systems and source Energy Global will also foster knowledge exchange, sharing technical expertise, and best practices in the field of energy systems. This exchange will enable both organizations to enhance their capabilities, drive innovation, and address the evolving energy needs of the market. The LOI sets the stage for Tevano Systems and Source energy Global to negotiate a formal Joint Venture agreement, outlining the terms and conditions of their collaboration.

Both companies are committed to finalizing the agreement in a timely manner to kick-start their joint initiatives and begin making significant contributions to the energy sector.