– Following an preliminary settlement in July, Hyzon has been given a definitive buy for five vehicles from Ark Power
– Hyzon is the only supplier of ultra-weighty-responsibility hydrogen trucks with in-residence gasoline mobile systems
ROCHESTER, N.Y., Sept. 14, 2021 /PRNewswire/ — Hyzon Motors Inc. (NASDAQ: HYZN), a foremost worldwide provider of zero-emission hydrogen gas cell-driven business vehicles, declared nowadays that it has obtained a definitive purchase for 5, 154-ton vehicles from Ark Power Corporation, the Australian subsidiary of the world’s major zinc, guide and silver producer, Korea Zinc.
Below the order, Hyzon is obligated to provide the zero-emission motor vehicles to Ark Strength by the conclusion of 2022. Ark Electricity will lease the trucks to its sister company, Townsville Logistics, which will deploy them in triple (a few-trailer) highway train configurations as element of their short-haul fleet running on a 30-kilometer loop from the Port of Townsville to the Sunlight Metals zinc refinery owned by the group. The gasoline mobile vehicles, replacing their diesel equivalents, are envisioned to decrease carbon dioxide emissions by above 1,400 tons for each 12 months.
Hyzon expects to assemble the automobiles in Australia, aligning with the company’s plans to increase neighborhood Australian creation of gasoline mobile autos. Hyzon expects that the automobiles will be fueled at Ark Energy’s SunHQ hydrogen hub in Townsville, with inexperienced hydrogen manufactured from an electrolyzer driven by a co-located photo voltaic farm.
The venture is envisioned to be the initial in the globe to use Hyzon’s ultra-weighty-obligation fuel cell cars.
“Hyzon is the only hydrogen commercial mobility corporation that can meet our requires,” claimed Ark Electricity CEO Daniel Kim. “Our gas cell vehicles need to have to be 154-ton rated, designed to Australian Structure Procedures and delivered by the close of up coming yr. That was the top foundation for placing this purchase.”
Hyzon is dedicated to developing its following-technology 370kW gasoline cell systems (equivalent to 500 horsepower) this job will assist advance the developing industry for this application in Australia’s ultra-hefty transport sector as well as other adjacent industries which include the mining, rail and maritime sectors.
“This definitive purchase from Ark Energy is a key example that decarbonization is taking place now,” mentioned Craig Knight, CEO of Hyzon. “Our do the job with Ark Electrical power will assist lay the basis for an emissions-totally free long term in Australia.”
About Ark Energy Corporation
Ark Vitality Company Pty Ltd is an Australian subsidiary of Korea Zinc Firm Ltd, which is the premier zinc, lead and silver producer in the entire world. Ark Energy’s mandate is to decarbonize the energy supply of the Korea Zinc group starting off with the Sun Metals zinc refinery in Townsville as it aims to become the to start with refinery in the environment to make environmentally friendly zinc. Ark Strength will leverage and grow on the group’s current investments across the hydrogen price chain to grow to be the safest and most aggressive producer of environmentally friendly hydrogen in the environment as well as an extreme consumer and need creator of hydrogen.
Headquartered in Rochester, N.Y., with U.S. operations in the Chicago and Detroit locations, and worldwide functions in the Netherlands, Singapore, Australia, Germany, and China, Hyzon is a chief in fuel cell electrical mobility with an exceptional target on the industrial auto industry, and a near-term aim on back again to foundation (captive fleet) operations. Utilizing its confirmed and proprietary hydrogen gasoline cell know-how, Hyzon aims to source zero-emission major duty trucks and buses to buyers in North The united states, Europe and close to the globe to mitigate emissions from diesel transportation, which is one particular of the single most significant resources of carbon emissions globally. The Enterprise is contributing to the escalating adoption of gas mobile electric autos by means of its demonstrated technology gain, foremost gas cell efficiency and historical past of immediate innovation. Pay a visit to www.hyzonmotors.com.
This push release involves “forward-seeking statements” within just the meaning of Section 27A of the Securities Act of 1933, as amended, and Portion 21E of the Securities Trade Act of 1934, as amended. All statements, other than statements of present or historical simple fact involved in this push release, are ahead-on the lookout statements. When utilized in this push launch, the phrases “could,” “need to,” “will,” “may,” “think,” “anticipate,” “intend,” “estimate,” “expect,” “task,” the unfavorable of these kinds of conditions and other similar expressions are intended to recognize forward-wanting statements, whilst not all ahead-looking statements consist of this kind of identifying phrases. These forward-hunting statements, such as statements about our 2021 outlook, are dependent on management’s recent expectations and assumptions about long term events and are based on currently available data as to the end result and timing of future functions. Other than as normally essential by relevant law, Hyzon disclaims any duty to update any forward -looking statements, all of which are expressly qualified by the statements in this part, to mirror activities or situations right after the day of this push release. Hyzon cautions you that these forward-wanting statements are topic to many challenges and uncertainties, most of which are tough to predict and lots of of which are further than the management of Hyzon, including threats and uncertainties explained in the “Chance Variables” segment of Hyzon’s definitive proxy statement on Schedule 14A submitted with the U.S. Securities and Exchange Fee (the “SEC”) on June 21, 2021, our Registration Assertion on Sort S-1 submitted with the SEC on July 30, 2021, and other files filed by Hyzon from time to time with the SEC. These filings establish and address other vital dangers and uncertainties that could induce actual activities and outcomes to differ materially from people contained in the ahead-searching statements, these kinds of as threats relevant to the means to convert non-binding memoranda of comprehension into binding orders or gross sales (together with for the reason that of the current or potential money sources of the counterparties to Hyzon’s non-binding memoranda of knowledge and letters of intent), or the capability to recognize added likely shoppers and transform them to spending consumers. Hyzon offers no assurance that Hyzon will reach its anticipations.
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