Studsvik AB signed a Technology License Agreement with Dongguk Nuclear Solution to provide engineering services to support an establishment of an inDRUM in South Korea for radioactive waste treatment based on Studsvik's efficient technology. This is a long-term agreement, built on performance and milestones. The agreement gives Studsvik an initial license earning of SEK 3 million, followed by milestones giving additional revenues of about SEK 30 million over a period of 3-5 years.

The customer has the right to exit the agreement if the milestones cannot be achieved. If inDRUM is successfully established, Studsvik has, when production starts, additional earnings potential. Studsvik's Waste Management Technology business area offers efficient technology solutions for treating contaminated waste arising from operational and decommissioning activities.

The inDRUM technology results in an end product which is volume reduced and suitable for radioactive waste disposal.