DGAP-News: First Hydrogen Corp.
/ Key word(s): Miscellaneous
For Immediate Release TSXV/FHYD/OTC/FHYDF/FSE/FIT
Vancouver, B.C., March 8, 2022 - Vancouver, British Columbia - First Hydrogen Corp. ("FIRST HYDROGEN" or the "Company") (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce the establishment of First Hydrogen Energy, a division of First Hydrogen Corp. which will consolidate and lead the Group's business in the production and distribution of green hydrogen.
With the additions of advisors and non-executive directors Rob Campbell from Ballard Power and Peter Williams from INEOS, First Hydrogen Energy is currently reviewing and processing new green hydrogen production projects in the UK, Italy, and Canada, where discussions with local partners are ongoing. First Hydrogen is also engaged in discussions with industrial partners for the supply of technology and plant management. First Hydrogen has specifically identified the UK, Italy, Germany, and Canada for the development and construction of several 25 MW sites in each country to provide our potential future automotive customers with a guaranteed supply of green hydrogen over the lifetime of their vehicle ownership at a fixed price.
"Hydrogen production and procurement is a First Hydrogen strategy that is both timely and important in today's environment of worldwide energy needs as we transition away from traditional hydrocarbons to the zero-carbon economy," said Nicholas Wrigley Chairman of First Hydrogen UK.
About First Hydrogen Corp.
On behalf of the Board of Directors of
The forward-looking statements made in this news release are based on management's assumptions and analysis and other factors that may be drawn upon by management to form conclusions and make forecasts or projections, including management's experience and assessments of historical trends, current conditions and expected future developments. Although management believes that these assumptions, analyses and assessments are reasonable at the time the statements contained in this news release are made, actual results may differ materially from those projected in any forward-looking statements. Examples of risks and factors that could cause actual results to materially differ from forward-looking statements may include: the timing and unpredictability of regulatory actions; regulatory, legislative, legal or other developments with respect to its operations or business; limited marketing and sales capabilities; early stage of the industry and product development; limited products; reliance on third parties; unfavourable publicity or consumer perception; general economic conditions and financial markets; the impact of increasing competition; the loss of key management personnel; capital requirements and liquidity; access to capital; the timing and amount of capital expenditures; the impact of COVID-19; shifts in the demand for First Hydrogen's products and the size of the market; patent law reform; patent litigation and intellectual property; conflicts of interest; and general market and economic conditions.
The forward-looking information contained in this news release represents the expectations of First Hydrogen as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. First Hydrogen undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
08.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||First Hydrogen Corp.|
|755 Burrard St Suite 440|
|V6Z 1X6 Vancouver|
|EQS News ID:||1296585|
|End of News||DGAP News Service|