Vancouver, British Columbia – Newsfile Corp. – March 15, 2022 – First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) (“FIRST HYDROGEN“or the”Company“) is pleased to report on the progress of its two FCEV demonstration vehicles through its partnerships with Ballard Power Systems Inc. (“Ballard”) and AVL Powertrain UK Limited (“AVL”). Both vehicles demonstration units (sourced from MAN, part of the Volkswagen Group) are located at AVL’s UK headquarters, one was disassembled and used for detailed design and packaging evaluations to accommodate the Ballard hydrogen fuel cell, plant systems balance and hydrogen (H2) petrol tank. This includes preparations for the installation of the hydrogen fuel cell, the power battery and the H2 petrol tank. The second vehicle concerns the analysis and integration of control systems.
The first of two hydrogen fuel cells supplied by Ballard has been built (see photos below) with the addition of all required components including air system, thermal management and cooling system and l hydrogen supply. This fuel cell system package was shipped to AVL headquarters in Graz, Austria for fuel cell testing and optimization. The second assembly of the fuel cell system will follow shortly.
After optimization, the fuel cell systems will be returned to AVL in the UK for integration and commissioning in vehicles. On-road/track testing is scheduled for June 2022 with final delivery for on-road use in September 2022 and First Hydrogen will then be able to introduce its “zero emissions commercial van to replace gasoline/diesel fleets.” Alongside the development of demonstration vehicles, the Company is pursuing green hydrogen production projects in the UK and elsewhere. The company’s development of its state-of-the-art fueling station continues with FEV Consulting GmbH of Aachen, Germany.
Steve Gill, CEO of First Hydrogen Automotive, said: “We are very pleased with the progress of the delivery of our two demonstration vehicles, together with our partners AVL and Ballard. We are on track to introduce our road vehicles to customers in September 2022, as originally planned. Our joint development of this hydrogen fuel cell vehicle will set us apart as the fuel cell vehicle market leader in the light commercial space and well positioned for our next generation of bespoke hydrogen fuel cell vehicles. , which incorporate all the technical developments we have made so far.”
Hydrogen Fuel Cell Image 1
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Hydrogen fuel cell Image 2
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Hydrogen fuel cell installed
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About First Hydrogen Corp.
First Hydrogen Corp. is a Vancouver and London based company in the UK that focuses on zero emission vehicles and supercritical carbon dioxide removal systems. The company is designing and developing a demonstration light utility vehicle (“LCV”) powered by a hydrogen fuel cell under two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of over 500 kilometres. First Hydrogen is developing a refueling capability in conjunction with FEV Consulting GmbH, the in-house automotive consultancy of the FEV Group of Aachen in Germany. The Company is also pursuing opportunities in the production and distribution of green hydrogen.
On behalf of the Board of Directors of
FIRST HYDROGEN CORP.
Balraj Mann
CEO
Contact:
Balraj Mann
First Hydrogen Corp.
604-601-2018
investors@firsthydrogen.com
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Forward-looking information may include, but is not limited to, statements regarding operations, activities, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, objectives, objectives progress, milestones, strategies and outlook for First Hydrogen, and include statements about, among other things, future developments and First Hydrogen’s future operations, strengths and strategies. Forward-looking information is provided for the purpose of presenting information about management’s current expectations and plans regarding the future, and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be construed as guarantees of future performance or results.
Forward-looking statements made in this press release are based on management’s assumptions and analysis and other factors on which management may rely to draw conclusions and make forecasts or projections, including the management experience and assessments of historical trends, current conditions and future forecasts. developments. Although management believes these assumptions, analyzes and assessments to be reasonable at the time the statements in this press release are made, actual results may differ materially from those projected in the forward-looking statements. Examples of risks and factors that could cause actual results to differ materially from forward-looking statements may include: the timing and unpredictability of regulatory action; regulatory, legislative, legal or other developments relating to its operations or activities; limited marketing and sales capabilities; early stage of industry and product development; limited products; recourse to third parties; adverse publicity or consumer perception; general economic conditions and financial markets; the impact of increasing competition; the loss of key management personnel; capital and liquidity requirements; access to capital; the timing and amount of capital expenditures; the impact of COVID-19; changes in demand for First Hydrogen’s products and the size of the market; patent law reform; patent and intellectual property litigation; conflicts of interest; and general market and economic conditions.
The forward-looking information contained in this press release represents First Hydrogen’s expectations as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely on such information as of any other date. First Hydrogen undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.
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