I think you missed some parts in the announcement: As part of...

I think you missed some parts in the announcement:

As part of this investment, a representative from ALC will join the Magnis Board of Directors with further details to be announced shortly.

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Magnis is pleased to have attracted such a quality cornerstone investor in ALC. ALC is the private investment arm of Aqualand Group which has established itself as a leading property development company. It has generated a portfolio with a collective gross development value exceeding A$5 billion. ALC is closely assessing the energy requirements of current and future communities and it regards lithium-ion battery technology as an energy source that has the capacity to deliver lower cost energy to these sites.