First Hydrogen Expands into European Union

First Hydrogen Expands into European Union

The new initiative will focus on identifying and signing up fleets with interest in participating in the planned  European trials of the First Hydrogen Light Commercial Vans expected to commence early 2024 in Germany  and France. Green hydrogen production opportunities will also be identified and developed in addition to  reviewing national distribution network plans in order to identify First Hydrogen’s opportunities to contribute  to any planned national networks.  

The European Parliament has voted in support of achieving an overall renewable energy contribution of at  least 32% of the total energy mix by 2030. It will achieve a supply of twenty million tons (20Mt) of green  hydrogen by 2030, with 10Mt produced (binding commitment) and a further 10Mt imported. In addition, for  the transport sector greenhouse gas intensity reductions of at least 16% have been set to be achieved by 2030.  

In order to ensure that green hydrogen production can start immediately, European Union Commission  President Ursula von der Leyen in her state of the union address announced the creation of a new European  Hydrogen Bank. In her statement she argued that “hydrogen can be a game changer for Europe, and we believe  that the €3bn budget – from the existing Innovation Fund – will be a good starting point, however we will be  working to leverage that amount to ensure we move our hydrogen economy from niche to scale.” 

The EU markets represent some 35% of the Global Light Commercial vehicle market, with the largest EU  market shares being in Germany (19%), France (28%), Italy (11%) and Spain (11%). On green hydrogen  production, in addition to the recent announcements, so far the EU has announced approximately €75-billion of investments in the sector. 

Nicholas Wrigley Chairman of First Hydrogen UK said:

“The European Union policy framework and  commitment to hydrogen is now in place and represents a significant opportunity for First hydrogen’s total  solution business model of providing fleet vehicles and hydrogen as a service.”

Steve Gill CEO of First Hydrogen Automotive said:

“We are able to quickly move into Europe by leveraging  the work already competed in the UK with our initial demonstrator vans. Similar fleet trails are planned in the  EU as planned with multiple fleet operators in the UK. Our vans are offering industry-leading range, rapid  refueling and performance.” 

Robert Campbell CEO of First Hydrogen Energy said: “We are very encouraged to now see such strong  support for green hydrogen in Europe and North America. These developments underpin our business plans  for years to come.” 

The Company has entered into an agreement with Canaccord Genuity Corp. (“CGC”) to assist in the exercise  of the Company’s outstanding share purchase warrants. CGC will be compensated with a cash fee equal to 5% of the total gross proceeds raised from the exercise of the share purchase warrants and a warrant (an “Agent’s Warrant”) exercisable at $4.50 into one common share for a period of two years from issuance. 

About First Hydrogen Corp. (FirstHydrogen.com) 

First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles,  green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company  is designing and building hydrogen-fuel-cell-powered light commercial demonstrator vehicles (“LCV”) under  two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+  kilometres. At the same time, the company has launched its bespoke vehicle design phase which will develop  its fleet of proprietary zero-emission vehicles. First Hydrogen is also developing refueling capability working  with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. The Company  is also pursuing opportunities in green hydrogen production and distribution in the UK and elsewhere.  

On behalf of the Board of Directors of 

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FIRST HYDROGEN CORP.
“Balraj Mann”
Chairman & Chief Executive Officer

Contacts:

North America
Balraj Mann, Chairman & Chief Executive Officer
604-601-2018
investors@firsthydrogen.com

Europe
Nicholas Wrigley, Chairman  First Hydrogen Automotive
+44 7917-114434
Nicholas.Wrigley@firsthydrogen.com


Cautionary Note Regarding Forward-Looking Statements This news release contains information or statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
Forward looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward looking information is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.
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.

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Vancouver, B.C., September 28, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce that  it is advancing its European Union strategy with expansion in key European countries. This strategy is  supported by the European Parliament’s decision to commit to ambitious binding renewable targets and simplify the regulatory framework, with green hydrogen at the centre of this commitment.  

First Hydrogen currently has key personnel in Germany, Austria, Spain, and the Benelux region. Further  activities will now include development in Germany, Benelux, Eastern Europe, France, Spain, Portugal and  Italy. 

The new initiative will focus on identifying and signing up fleets with interest in participating in the planned  European trials of the First Hydrogen Light Commercial Vans expected to commence early 2024 in Germany  and France. Green hydrogen production opportunities will also be identified and developed in addition to  reviewing national distribution network plans in order to identify First Hydrogen’s opportunities to contribute  to any planned national networks.  

The European Parliament has voted in support of achieving an overall renewable energy contribution of at  least 32% of the total energy mix by 2030. It will achieve a supply of twenty million tons (20Mt) of green  hydrogen by 2030, with 10Mt produced (binding commitment) and a further 10Mt imported. In addition, for  the transport sector greenhouse gas intensity reductions of at least 16% have been set to be achieved by 2030.  

In order to ensure that green hydrogen production can start immediately, European Union Commission  President Ursula von der Leyen in her state of the union address announced the creation of a new European  Hydrogen Bank. In her statement she argued that “hydrogen can be a game changer for Europe, and we believe  that the €3bn budget – from the existing Innovation Fund – will be a good starting point, however we will be  working to leverage that amount to ensure we move our hydrogen economy from niche to scale.” 

The EU markets represent some 35% of the Global Light Commercial vehicle market, with the largest EU  market shares being in Germany (19%), France (28%), Italy (11%) and Spain (11%). On green hydrogen  production, in addition to the recent announcements, so far the EU has announced approximately €75-billion of investments in the sector. 

Nicholas Wrigley Chairman of First Hydrogen UK said:

“The European Union policy framework and  commitment to hydrogen is now in place and represents a significant opportunity for First hydrogen’s total  solution business model of providing fleet vehicles and hydrogen as a service.”

Steve Gill CEO of First Hydrogen Automotive said:

“We are able to quickly move into Europe by leveraging  the work already competed in the UK with our initial demonstrator vans. Similar fleet trails are planned in the  EU as planned with multiple fleet operators in the UK. Our vans are offering industry-leading range, rapid  refueling and performance.” 

Robert Campbell CEO of First Hydrogen Energy said: “We are very encouraged to now see such strong  support for green hydrogen in Europe and North America. These developments underpin our business plans  for years to come.” 

The Company has entered into an agreement with Canaccord Genuity Corp. (“CGC”) to assist in the exercise  of the Company’s outstanding share purchase warrants. CGC will be compensated with a cash fee equal to 5% of the total gross proceeds raised from the exercise of the share purchase warrants and a warrant (an “Agent’s Warrant”) exercisable at $4.50 into one common share for a period of two years from issuance. 

About First Hydrogen Corp. (FirstHydrogen.com) 

First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles,  green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company  is designing and building hydrogen-fuel-cell-powered light commercial demonstrator vehicles (“LCV”) under  two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+  kilometres. At the same time, the company has launched its bespoke vehicle design phase which will develop  its fleet of proprietary zero-emission vehicles. First Hydrogen is also developing refueling capability working  with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. The Company  is also pursuing opportunities in green hydrogen production and distribution in the UK and elsewhere.  

On behalf of the Board of Directors of 

FIRST HYDROGEN CORP.
“Balraj Mann”
Chairman & Chief Executive Officer

Contacts:

North America
Balraj Mann, Chairman & Chief Executive Officer
604-601-2018
investors@firsthydrogen.com

Europe
Nicholas Wrigley, Chairman  First Hydrogen Automotive
+44 7917-114434
Nicholas.Wrigley@firsthydrogen.com


Cautionary Note Regarding Forward-Looking Statements This news release contains information or statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
Forward looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward looking information is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.
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.

First Hydrogen Accelerates Green Hydrogen Plans for the US Market

First Hydrogen Accelerates Green Hydrogen Plans for the US Market

Vancouver, B.C., September 6, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce the  acceleration of green hydrogen plans for the US market given the new and significant support for renewable  energy, green hydrogen and zero-emission mobility. The Company has now established First Hydrogen  Energy (USA) Inc. and First Hydrogen Automotive (USA) Inc. in response to the recent passing of the historic  Inflation Reduction Act (the “Act”). The Act authorizes US$369 billion in spending on energy and climate  change. The Company will begin to offer its hydrogen-fuel-cell powered vehicles to fleet customers in the  United States.  

The Inflation Reduction Act is seen as pivotal policy support that will result in the significant expansion of  renewable energy as well as the industrialization of a number of key enabling technologies including the  generation of green hydrogen. Green hydrogen is a clean energy source that only emits water vapour and  leaves no residue in the air. It is produced when an electric current is passed through water separating hydrogen  from oxygen. The production of hydrogen is green or zero emission when the electricity used is obtained from  a renewable source (hydropower, wind, solar). 

First Hydrogen offers a zero-emission solution via producing and supplying green hydrogen, refueling stations  and next-generation hydrogen-powered fuel-cell light to medium commercial vehicles. The Company’s two hydrogen demonstrator vans are being prepared for road testing currently. As previously announced, the  Company is developing four green production facilities in the UK and has initiated scoping studies for the  development of green hydrogen sites in Canada.  

Balraj Mann, CEO of First Hydrogen, says: “The new US policy support is very consistent with the US  Department of Energy’s Hydrogen Energy Earthshot or Hydrogen Shot goal announced in 2021. This goal  seeks to reduce the cost of clean hydrogen by 80% to $1 per kilogram in 1 decade (“1 1 1”). In fact, the  subsidy support within the Act should result in achieving this goal sooner. This support will truly transform  the US market to become a global leader in the production of green hydrogen.”  

Rob Campbell, Director and CEO of First Hydrogen Energy, comments: “The Act is exactly what the  market needs, and we will do our best to accelerate the overall production and distribution of green hydrogen  in order to drive affordable zero-emission transportation. We believe packaged good fleets will be the first  movers in using green hydrogen and we will also be commencing work to develop North American fleet  customers for First Hydrogen’s fuel cell commercial fleet vehicles that are now in development.” 

About First Hydrogen Corp. (FirstHydrogen.com

First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles,  green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company  is designing and building hydrogen-fuel-cell-powered light commercial demonstrator vehicles (“LCV”) under  two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+  kilometres. At the same time, the company has launched its bespoke vehicle design phase which will develop  its fleet of proprietary zero-emission vehicles. First Hydrogen is also developing refueling capability working  with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. The Company  is also pursuing opportunities in green hydrogen production and distribution in the UK and elsewhere. 

On behalf of the Board of Directors of 

FIRST HYDROGEN CORP.
“Balraj Mann”
Chairman & Chief Executive Officer

Contacts:

North America
Balraj Mann, Chairman & Chief Executive Officer
604-601-2018
investors@firsthydrogen.com

Europe
Nicholas Wrigley, Chairman  First Hydrogen Automotive
+44 7917-114434
Nicholas.Wrigley@firsthydrogen.com


Cautionary Note Regarding Forward-Looking Statements This news release contains information or statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
Forward looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward looking information is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.
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.

First Hydrogen Applauds Hydrogen Alliance with Germany 

First Hydrogen Applauds Hydrogen Alliance with Germany 

Vancouver, B.C., August 25, 2022 – Vancouver, British Columbia – First Hydrogen Corp. (“FIRST HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) congratulates Prime Minister Justin Trudeau and German Chancellor Olaf Scholz on the monumental hydrogen alliance formed between Canada and Germany. The joint declaration of intent to invest in hydrogen and establish a transatlantic Canada-Germany supply corridor will be the start of establishing Canada as a significant hydrogen producer and advancing on its decarbonization path. Natural Resources Canada projects the global hydrogen market to be more than $2.5 trillion by 2050 with Canada as a leading supplier.

The Company has expanded its Green Hydrogen production plans to North America, initial focus will be on Canada with its enormous resources of renewable energy (hydropower, solar and wind) that can be used to produce green hydrogen yielding no carbon emissions. Canada has identified the domestic deployment of hydrogen as a key to meeting its climate change commitments. On July 6, 2022, the Canadian government released its Clean Fuel Standard, which will aim to reduce greenhouse gas emissions and accelerate the use of clean technologies and fuels. It was followed up with an announcement of funding for Medium-and-Heavy Duty Zero-Emission Vehicles (the iMHZEV program will provide $547.5M of funding over four years). This new policy commitment will aid in creating new demand for commercial vehicles using green hydrogen.

First Hydrogen Energy is now commencing the development of four key green hydrogen production facilities in the UK following positive progress to date. The North American expansion is part of First Hydrogen’s strategy to develop green hydrogen production in regions with strong policy support for green hydrogen and/or abundant renewable energy sources. The green hydrogen produced will be distributed nearby the production sites thereby minimizing distribution costs and also providing climate change, pollution reduction and energy resiliency benefits within the green hydrogen site’s region.

Rob Campbell, Director and CEO of First Hydrogen Energy, comments:

“These are truly remarkable times with the announced plans for both the transatlantic Canada-German hydrogen supply corridor and the historic US Inflation Reduction Act occurring in the same month. Green hydrogen is clearly happening globally and First Hydrogen has plans to produce and deliver green hydrogen solutions for use in commercial vehicles across North America, the UK and Europe.”

Balraj Mann, CEO of First Hydrogen, says:

“The recent announcement procures green hydrogen in Newfoundland and Labrador using wind energy which is only one of the sources of renewable energy available in Canada. We must also tap into our hydropower, a huge source of clean renewable energy. Our “hydrogen as-a-service’ model will be a zero-emission eco-system solution for Canada and the rest of the world.”

About First Hydrogen Corp. (FirstHydrogen.com)

First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles, green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company is designing and building hydrogen-fuel-cell-powered light commercial demonstrator vehicles (“LCV”) under two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+ kilometres. At the same time, the company has launched its bespoke vehicle design phase which will develop its fleet of proprietary zero-emission vehicles. First Hydrogen is also developing refueling capability working with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. The Company is also pursuing opportunities in green hydrogen production and distribution in the UK and elsewhere.

FIRST HYDROGEN CORP.
“Balraj Mann”
Chairman & Chief Executive Officer

Contacts:

North America
Balraj Mann, Chairman & Chief Executive Officer
604-601-2018
investors@firsthydrogen.com

Europe
Nicholas Wrigley, Chairman  First Hydrogen Automotive
+44 7917-114434
Nicholas.Wrigley@firsthydrogen.com


Cautionary Note Regarding Forward-Looking Statements This news release contains information or statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
Forward looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward looking information is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.
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.

First Hydrogen Vehicles Complete Commissioning Trials and Increased Fleet Operator Interest

First Hydrogen Vehicles Complete Commissioning Trials and Increased Fleet Operator Interest

Vancouver, B.C., August 22, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce that  its two demonstrator vehicles have successfully completed initial commissioning trials. The Company’s  demonstrator vehicles have passed the important vehicle control system tests as part of the commissioning  trials. The fuel cell systems, including the stack supplied by Ballard Power Systems, have undergone extensive  calibration and testing in Graz, Austria. The testing is run by First Hydrogen’s automotive build partner, AVL,  one of the world’s leading mobility technology companies for development, simulation and testing in the  automotive industry and beyond.  

The commissioning process ensures that the vehicles meet the highest possible safety standards for hydrogen  and high voltage electrical safety systems. As part of the commission, Essex County Fire and Rescue Service  inspected the vehicles at AVL’s facility in Basildon, UK and were satisfied the control measures put in place  have supported the application for use on the county’s roads. This important step enables the vehicles to be  tested in mixed road and driving conditions and to confirm performance ahead of First Hydrogen’s real-world  operational trials with major fleet operators in early 2023.  

Since announcing the trials, which are coordinated through Element Energy and the UK Aggregated Hydrogen  Freight Consortium (AFHC), a further two fleets have expressed interest in participating in the demonstration  programme. A total of 12 fleet operators working across a range of industries including telecoms, utilities,  infrastructure, delivery, grocery and healthcare have now signed up to participate. They will be able to  technically evaluate First Hydrogen’s fuel cell vehicles in terms of payload, range and ease of refuelling and  compare ease of use with battery electric alternatives. It is expected that First Hydrogen will be able to secure  indications of interest for future vehicle orders as a result of these trials.  

Steve Gill, CEO at First Hydrogen Automotive, says: “Completion of the first trials is a key milestone in  our demonstrators’ this takes First Hydrogen to progress in the next stages of development for the vehicle’s  hydrogen system, filling trials and dynamic road running. We are pleased that Essex Fire and Rescue Service  were reassured to see the control measures put in place so have supported the application for use on the  county’s roads. This also paves the way for future hydrogen fuel cell vehicles to be accepted for UK road  testing. With real-world fleet trials due to start early next year, we are moving towards our goal of accelerating  the adoption of zero-emission vehicles in the light commercial vehicle market. We are hugely encouraged by  the appetite from AHFC members, which includes some of the largest fleet operators in the UK, to trial our hydrogen-powered vehicles. Not only will these trials provide unique proprietary data for our next generation  of vehicles, but the trials are also expected to generate future demand and establish a customer base.” 

Balraj Mann, Chairman of First Hydrogen says “With the hydrogen demonstrator vans being near road  legal, First Hydrogen is in a position to take part in the various government programs the Canadian and United  States’ governments have put in place. The Canadian government, in its 2022 Budget, offers $3-billion of  incentives for zero-emission vehicles and related infrastructure. The recent US climate, tax and health bill  provides a massive US$369-billion to fight climate change. The US bill will reduce the cost of producing  green hydrogen allowing for lower operating costs for vehicle owners.”

About First Hydrogen Corp. (FirstHydrogen.com

First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles,  green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company  is designing and building hydrogen-fuel-cell-powered light commercial demonstrator vehicles (“LCV”) under  two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+  kilometres. At the same time, the company has launched its bespoke vehicle design phase which will develop  its fleet of proprietary zero-emission vehicles. First Hydrogen is also developing refueling capability working  with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. The Company  is also pursuing opportunities in green hydrogen production and distribution in the UK and elsewhere.  

On behalf of the Board of Directors of  

FIRST HYDROGEN CORP.
“Balraj Mann”
Chairman & Chief Executive Officer

Contacts:

North America
Balraj Mann, Chairman & Chief Executive Officer
604-601-2018
investors@firsthydrogen.com

Europe
Nicholas Wrigley, Chairman  First Hydrogen Automotive
+44 7917-114434
Nicholas.Wrigley@firsthydrogen.com


Cautionary Note Regarding Forward-Looking Statements This news release contains information or statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
Forward looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward looking information is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.
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.

First Hydrogen’s Green Hydrogen Plans for North America

First Hydrogen’s Green Hydrogen Plans for North America

Vancouver, B.C., August 9, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce the  expansion of its Green Hydrogen production plans to the North American market. The initial focus  will be on Canada with its enormous resources of renewable energy (hydropower, solar and wind)  that can be used to produce green hydrogen yielding no carbon emissions. On July 11, 2022, the  Government of Canada announced its first incentive funding for Medium-and-Heavy-Duty Zero 

Emission Vehicles (the iMHZEV program will provide $547.5M of funding over four years). This  new policy commitment will aid in creating new demand for commercial vehicles using green  hydrogen.  

First Hydrogen is working on plans to provide customers with a “Hydrogen as-a-Service” model  consisting of clean green hydrogen fuel, technologically advanced refueling stations and zero emission commercial vehicles in order to accelerate the creation of zero-emission eco-system  solutions.  

First Hydrogen Energy is now commencing the development of four key green hydrogen production  facilities in the UK following positive progress to date. The North American expansion is part of  First Hydrogen’s strategy to develop green hydrogen production in regions with strong policy support  for green hydrogen and/or abundant renewable energy sources. The green hydrogen produced will be  distributed nearby the production sites thereby minimizing distribution costs and also providing  climate change, pollution reduction and energy resiliency benefits within the green hydrogen site’s  region.  

The Company has retained Arup to provide engineering consulting services in relation to projects the  Company is developing in Canada. Arup is a global, independent sustainable development consulting  firm of designers, planners, engineers, and technical specialists with over 17,000 employees across  33 countries. Arup brings deep knowledge and experience regarding hydrogen studies and projects  and is also the engineering consultant for First Hydrogen’s UK projects. 

Rob Campbell, Director and CEO of First Hydrogen Energy, comments: “Canada is an ideal  place to develop green hydrogen facilities given its abundant renewable energy resources and rapidly  improving policy landscape for green hydrogen. Green Hydrogen is now globally recognized as an  important element needed to help us decarbonize within the massive energy transition we are now  entering. First Hydrogen Energy has the people, partners and plans to become a major green hydrogen  provider in key regions and has a compelling strategy to offer both green hydrogen and commercial  vehicles to use the hydrogen. Project development in the United States will quickly follow given the  new support for green hydrogen provided at state and federal levels. Now is the time to start building  out this important infrastructure.” 

Balraj Mann, CEO of First Hydrogen, says: “Green hydrogen presents an opportunity for Canada  to take charge in leading the G7 nations in decarbonization. Our bountiful renewable energy  resources combined with green hydrogen can materially reduce our carbon emissions and help meet our country’s goal of net-zero emissions by 2050. With our strong team, we possess the ability to  make our contribution to net-zero.”  

Andy Ralph, Associate Principal and Americas Hydrogen Leader, Arup, says: “Arup is looking  forward to collaborating with First Hydrogen as they add their global green hydrogen expertise to the  expanding market for sustainable energy in Canada and in the United States. As a leader in  sustainable energy advisory services, Arup has had the opportunity to work with First Hydrogen on  successful green hydrogen projects in the UK and we welcome their expansion into North America.” 

About First Hydrogen Corp. (FirstHydrogen.com

First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles,  green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company  is designing and building hydrogen-fuel-cell-powered light commercial demonstrator vehicles (“LCV”) under  two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+  kilometres. At the same time, the company has launched its bespoke vehicle design phase which will develop  its fleet of proprietary zero-emission vehicles. First Hydrogen is also developing refueling capability working  with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. The Company  is also pursuing opportunities in green hydrogen production and distribution in the UK and elsewhere.  

On behalf of the Board of Directors of 

FIRST HYDROGEN CORP.
“Balraj Mann”
Chairman & Chief Executive Officer

Contacts:

North America
Balraj Mann, Chairman & Chief Executive Officer
604-601-2018
investors@firsthydrogen.com

Europe
Nicholas Wrigley, Chairman  First Hydrogen Automotive
+44 7917-114434
Nicholas.Wrigley@firsthydrogen.com


Cautionary Note Regarding Forward-Looking Statements This news release contains information or statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.
Forward looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward looking information is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.
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.