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FHYD) Expands Its Design of Zero-Emission Automobiles

Vancouver, British Columbia – December 19, 2022 – (Newsfile Corp.) (Investorideas.com Newswire) First Hydrogen Corp. (TSXV: FHYD) (OTC PINK: FHYDF) (FSE: FIT) (“FIRST HYDROGEN” or the “Firm”) is happy to announce it has chosen EDAG Group (EDAG) as its design styling accomplice for its subsequent technology of hydrogen gas cell autos (FCEV). As international mobility engineers with expertise in business car growth, EDAG will assist First Hydrogen’s aim to make zero-emission autos accessible to fleet managers.

Following the success of the Firm’s first two gentle business autos which incorporate hydrogen gas cell stacks – First Hydrogen’s subsequent technology of vans would be the Firm’s first autos to enter the mass market. Suited to the business sector, hydrogen-powered autos can journey a lot additional, carry bigger payloads, and refueling is way faster than equal battery electrical autos. First Hydrogen’s autos might be aerodynamic, sturdy, progressive, and extremely useful for the driving force suiting the car’s responsibility cycle.

First Hydrogen will supply a whole resolution to zero emissions mobility by its progressive Hydrogen-as-a-Service. In offering gentle business autos (LCV), a assured provide of renewably sourced inexperienced hydrogen gas and refuelling expertise alongside different supporting providers, the Firm will assist fleet managers to transition away from fossil fuels.

Famous for its idea vehicles and prototypes as for its top-level business car growth, the design and engineering specialist has been a part of the worldwide automotive and business car business for many years. The business and off-road car enterprise unit covers the whole growth spectrum for business autos. In addition to creating parts, modules and full autos, EDAG additionally manufactures prototype elements & full autos. Bringing creativity, innovation, and a wealth of business data to the partnership, EDAG Group will create impactful design type and engineering ideas for First Hydrogen’s first FCEVs for the mass market.

Steve Gill, CEO of Automotive for First Hydrogen Restricted, says: “That is an extremely necessary partnership, with the design of our flagship autos destined to set the primary impressions of our model and set up our place available in the market. We have been compelled by EDAG’s progressive strategy to creating our subsequent technology autos. As our chosen design accomplice, EDAG appreciates the advantages hydrogen gas brings to the LCV class by way of vary, payload, ease of refuelling and ease of use. All these points will inform the car’s look and total design options.”

Harald Keller, COO of EDAG Engineering GmbH, feedback: “We’re actually trying ahead to design First Hydrogen’s first mass produced FCEVs. As design companions, our crew will assist First Hydrogen to enter the business car market with influence and allow us to visually talk the Firm’s ambitions and forward-thinking outlook to buyers and clients.”

About First Hydrogen Corp. (FirstHydrogen.com)

First Hydrogen Corp. is a Vancouver and London UK-based firm targeted on zero-emission autos, inexperienced hydrogen manufacturing and distribution and supercritical carbon dioxide extractor methods. The Firm is designing and constructing hydrogen-fuel-cell-powered gentle business demonstrator autos (“LCV”) underneath two agreements with AVL Powertrain and Ballard Energy Techniques Inc. The LCV may have a spread of 500+ kilometres. On the identical time, the corporate has launched its bespoke car design part which can develop its fleet of proprietary zero-emission autos. First Hydrogen can also be creating refueling functionality working with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. The Firm can also be pursuing alternatives in inexperienced hydrogen manufacturing and distribution within the UK, EU and North America.

About EDAG Group (EDAG.com)

EDAG Group is the world’s largest unbiased engineering service supplier to the worldwide mobility business. We regard mobility as a completely built-in ecosystem, and supply our clients technological options for extra sustainable, emission-free and intelligently networked mobility. With a world community of some 60 branches, EDAG Group gives engineering providers within the Car Engineering, Electrics/Electronics and Manufacturing Options segments.

With our interdisciplinary experience within the fields of software program and digitalization, we possess the important thing expertise to assist actively form the dynamic transformation course of the mobility business is at present present process. Digital options, autonomous driving, synthetic intelligence, different powertrains, new mobility ideas and the imaginative and prescient of a networked good metropolis have turn into an integral a part of our portfolio. Embedded in EDAG’s personal 360° diploma strategy to the event of full autos and manufacturing services, we’re a reliable accomplice for sustainable mobility initiatives. It’s within the DNA of the corporate to actively form the way forward for mobility and switch new applied sciences and ideas into collection manufacturing. Right this moment, EDAG is among the TOP 20 IT service suppliers within the German mobility sector.

Our clients embody main worldwide OEMs, tier 1 suppliers and startup corporations from the automotive and non-automotive industries, all of whom we serve globally with our workforce of roughly 8,000 specialists in 360-degree engineering.

In 2021, the corporate generated gross sales of € 687 million. On December 31, 2021, EDAG employed a world workforce of seven,880 (together with apprentices).

On behalf of the Board of Administrators of
FIRST HYDROGEN CORP.

“Balraj Mann”

Chairman & Chief Government Officer

Contact:
Balraj Mann
First Hydrogen Corp.
604-601-2018
buyers@firsthydrogen.com

Cautionary Notice Relating to Ahead-Trying Statements This information launch comprises data or statements that represent “forward-looking statements.” Such ahead trying statements contain identified and unknown dangers, uncertainties and different elements that will trigger precise outcomes, efficiency or achievements, or developments to vary materially from the anticipated outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Ahead-looking statements are statements that aren’t historic info and are typically, however not all the time, recognized by phrases resembling “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “initiatives,” “potential” and comparable expressions, or that occasions or circumstances “will,” “would,” “might,” “may” or “ought to” happen.

Ahead trying data might embody, with out limitation, statements concerning the operations, enterprise, monetary situation, anticipated monetary outcomes, efficiency, prospects, alternatives, priorities, targets, objectives, ongoing goals, milestones, methods and outlook of First Hydrogen, and contains statements about, amongst different issues, future developments and the longer term operations, strengths and techniques of First Hydrogen. Ahead-looking data is offered for the aim of presenting details about administration’s present expectations and plans referring to the longer term and readers are cautioned that such statements will not be applicable for different functions. These statements shouldn’t be learn as ensures of future efficiency or outcomes.

The forward-looking statements made on this information launch are primarily based on administration’s assumptions and evaluation and different elements that could be drawn upon by administration to type conclusions and make forecasts or projections, together with administration’s expertise and assessments of historic developments, present circumstances and anticipated future developments. Though administration believes that these assumptions, analyses and assessments are cheap on the time the statements contained on this information launch are made, precise outcomes might differ materially from these projected in any forward-looking statements. Examples of dangers and elements that would trigger precise outcomes to materially differ from forward-looking statements might embody: the timing and unpredictability of regulatory actions; regulatory, legislative, authorized or different developments with respect to its operations or enterprise; restricted advertising and marketing and gross sales capabilities; early stage of the business and product growth; restricted merchandise; reliance on third events; unfavourable publicity or client notion; normal financial circumstances and monetary markets; the influence of accelerating competitors; the lack of key administration personnel; capital necessities and liquidity; entry to capital; the timing and quantity of capital expenditures; the influence of COVID-19; shifts within the demand for First Hydrogen’s merchandise and the scale of the market; patent legislation reform; patent litigation and mental property; conflicts of curiosity; and normal market and financial circumstances.

The forward-looking data contained on this information launch represents the expectations of First Hydrogen as of the date of this information launch and, accordingly, is topic to vary after such date. Readers mustn’t place undue significance on forward-looking data and mustn’t depend on this data as of another date. First Hydrogen undertakes no obligation to replace these forward-looking statements within the occasion that administration’s beliefs, estimates or opinions, or different elements, ought to change.

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