First Hydrogen Showcases FCEV With Europe & Uk’s Largest Companies

First Hydrogen Showcases FCEV With Europe & Uk’s Largest Companies

Vancouver, B.C., November 29, 2023 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is please to announce  twenty-one (21) fleet operators & industry specialists, from Europe and UK, attended the Company’s Track  Day at the HORIBA MIA proving grounding in England. Held on Tuesday October 31, attendees included  fleet managers from the grocery sector with participants from Asda and Sainsbury’s, parcel delivery company  DPD, NHS England, VINCI Group, mining conglomerate Anglo American, and Network Rail. Several  utilities providers including Wales & West Utilities, Northern Gas Networks, SGN & National Gas were also  present. 

The Track Day drew interest from vehicle leasing and rental companies, with ARVAL (BNP Paribas Group),  Novuna, and Redde Northgate attending, along with British motor trades residual value experts, Glass’s Guide.  In addition, representatives from Brit European Transport, National Windscreens & the Canal & River Trust.  Participating fleets operate more than half-million vehicles (est.). Research Nester estimates the global  hydrogen vehicle market size to expand at ~45% CAGR between 2023 and 2035, growing from US$1-billion  to US$45-billion.  

The event gave operators a unique opportunity to get behind the wheel of the Company’s hydrogen-fuel-cell  powered vehicle (FCEV). Twenty-nine (29) drivers each took the opportunity to drive on the MIRA track,  simulating different duty cycles and reaching speeds of up to 110 km per hour (70 miles per hour). Operators  experienced the vehicles’ smooth handling and appreciated the quiet drive. 

Drivers were also treated to a vehicle walk-round and under-the-hood viewing of First Hydrogen’s technology.  The Company’s partner, Ballard Power Systems, was present alongside First Hydrogen engineers to help  attendees understand how the vehicles’ fuel cells work. Participants asked searching questions about the  viability of hydrogen mobility, the maturity of hydrogen infrastructure and were presented with a review of  Total Costs of Operation (TCO) based on First Hydrogen data collected from vehicles used during recent demo  trials with UK fleets. Participants were quick to understand the TCO outlook, the benefits of FCEVs and how  they compare alongside other zero emission vehicle technology. 

First Hydrogen’s road trials with fleet specialists Rivus and energy company SSE plc have demonstrated the  impressive range the vehicles have, with a peak range of more than 630km (390 miles) on a single fuelling  achieved during journeys from Aberdeen. The real-world operational trials also showed the minimal effect  carrying heavy loads or driving at higher speeds had on vehicle range – crucial attributes for this vehicle class.  

Steve Gill, Executive Director Automotive at First Hydrogen, says: “We’re delighted with the high level  of interest we have received from UK fleet operators about our FCEVs and this enthusiasm was clearly present  at our first driving experience day. By engaging fleets in similar events, we are demonstrating our FCEV’s  capabilities to an audience who are on the road to zero emissions and can see a role for First Hydrogen  technology in achieving their targets. Their feedback will help us achieve buy-in from fleets, some of whom  are likely to become our Development Partners, helping us shape our future business and ultimately becoming  customers for our vehicles.”

Stephen Offley, Transport Manager at Wales & West Utilities, comments: “It was fantastic to see a  hydrogen vehicle of this weight class in action. We already know that hydrogen power will be essential to  meet the critical range, payload and towing capabilities required by public utilities and other users, which  cannot be met by battery-electric vans. This experience shows that adoption could soon become a reality and  will help operators to transition their whole fleets to zero emission technology.”

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. The Company has designed and built hydrogen-fuel-cell-powered  light commercial vehicles (“FCEV”) in partnership with AVL Powertrain and Ballard Power Systems Inc.  The FCEV has a range of 630+ kilometres. These vehicles are being trialled with fleet operators in the United  Kingdom. First Hydrogen is also developing a 35MW green hydrogen production facility and vehicle  assembly factory in Shawinigan, Quebec. 

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

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 Announces Closing Of $2,673,000 Financingwinestudyskills.com 

First Hydrogen Announces Closing Of $2,673,000 Financingwinestudyskills.com 

VANCOUVER, BC, November 24, 2023 – First Hydrogen Corp. (“FIRST HYDROGEN” or the  “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce that further to its news  release dated October 27, 2023, it has closed its private placement (the “Offering”) of convertible debenture  units (each a “Debenture”) for gross proceeds of $2,673,800. Each Debenture consists of $1,000 in principal  and is convertible into 689.65 common shares and 689.65 share purchase warrants, with each share purchase  warrant exercisable to acquire one common share at an exercise of $3.00 per warrant for a period of two years  from the closing date of the Offering. 

The Debentures will mature on the second anniversary of the date of issuance and bear interest at a rate of  9.00% per annum, commencing on the date of issuance. The Debenture Units are unsecured. The Company  intends to use the proceeds of the Offering for general corporate purposes. The Debentures will not be listed  or posted for trading on any stock exchange. All securities issued in connection with the Offering will be  subject to a statutory resale restriction for four months and one day from the closing date of the Offering. 

In connection with the Offering, the Company paid Canaccord Genuity Corp. (the “Finder”) a fee of  $213,904 and issued 147,520 warrants (the “Finder’s Warrants”). Each Finder’s Warrant provides that  such Finder may acquire common shares of the Company (each a “Finder’s Warrant Share”) at a price  of $1.45 per Finder’s Warrant Share until two years from the closing date of the Offering. 

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. The Company has designed and built hydrogen-fuel-cell-powered  light commercial vehicles (“FCEV”) in partnership with AVL Powertrain and Ballard Power Systems Inc.  The FCEV has a range of 630+ kilometres. These vehicles are being trialled with fleet operators in the United  Kingdom. First Hydrogen is also developing a 35MW green hydrogen production facility and vehicle  assembly factory in Shawinigan, Quebec. 

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

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 Shareholders Approve AGM Resolutions

First Hydrogen Shareholders Approve AGM Resolutions

Vancouver, B.C., November 17, 2023 – Vancouver, British Columbia – First Hydrogen Corp. (“FIRST
HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) shareholders approved all
of the resolutions put before them at the Company’s annual general meeting (AGM) held on November 14, 2023.

Two new directors, Francois Morin and Nancy Zhao, were added to the board, joining Balraj Mann and Alicia Milne. The shareholders also approved the reappointment of Sam S. Mah, Chartered Professional Accountant, as the auditor of the Company for the ensuing year and the Company’s Long-Term Performance Incentive Plan.

Following the AGM, the Board of Directors re-appointed Balraj Mann as CEO, and appointed Edward Low as interim-CFO and Corporate Secretary of the Company.

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. The Company has designed and built hydrogen-fuel-cell-powered light commercial vehicles (“FCEV”) in partnership with AVL Powertrain and Ballard Power Systems Inc. The FCEV has a range of 630+ kilometres. These vehicles are being trialled with fleet operators in the United Kingdom. First Hydrogen is also developing a 35MW green hydrogen production facility and vehicle assembly factory in Shawinigan, Quebec.

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

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 Track Day with Europe & UK’s Largest Companies

First Hydrogen Track Day with Europe & UK’s Largest Companies

Vancouver, B.C., October 30, 2023 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce further to the news release of October 16, 2023, the Company’s track day will be held on October 31 at the  HORIBA MIRA, UK, proving ground to test drive First Hydrogen’s hydrogen-fuel-cell powered vehicles  (FCEV). Attendees will include some of Europe’s and UK’s largest companies, from parcel delivery,  supermarkets, healthcare, leasing, and utilities to mining.  

All attendees will have hands-on access to First Hydrogen’s FCEVs and the chance to drive them including  technical presentations and a vehicle walkaround to showcase under-the-hood technology. The attendees will  have the opportunity to discuss the practicalities of introducing the FCEVs into their own zero-emission fleets.  Fortune Business Insights reported the global electric vehicle market was valued at US384.65 billion in 2022  and is projected to grow from US500.48 billion in 2023 to US1,579.10 billion by 2030. 

First Hydrogen’s vehicles have achieved a range of over 630km (400 miles), which is well ahead of the 193km  (120 miles) Worldwide Harmonised Light Vehicle Test Procedure (WLTP) minimum range requirement of  the zero emission vehicle (ZEV) mandate and the range of equivalent battery electric vehicles (BEVs). The  vehicles have already undergone road trials with fleet management company Rivus and energy company SSE  and are currently undertaking operations with major parcel delivery companies.  

Balraj Mann, CEO First Hydrogen, stated: “We are excited to showcase our zero emission FCEVs which  have recently attained a range of more than 630km (400 miles) on a single refuelling. Our FCEVs are noted  for ease of driving and efficient powertrain technology which allows our FCEV the ability to carry large  payloads without compromising on the range in any weather conditions. With the UK Government’s recent  recognition of hydrogen fuel cell electric vehicles within its definition of zero emissions vehicle, sales of the  hydrogen fuel cell vehicles will be included in production targets for zero emission vehicles. This will trigger  UK investment in hydrogen vehicle sector and more specifically, the Company’s FCEV.” 

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. The Company has designed and built hydrogen-fuel-cell-powered  light commercial vehicles (“FCEV”) in partnership with AVL Powertrain and Ballard Power Systems Inc.  The FCEV has a range of 630+ kilometres. These vehicles are being trialled with fleet operators in the United  Kingdom. First Hydrogen is also developing a 35MW green hydrogen production facility and vehicle  assembly factory in Shawinigan, Quebec. 

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

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 Announces Non-brokered Private Placement of Convertible Debentures

First Hydrogen Announces Non-brokered Private Placement of Convertible Debentures

VANCOUVER,BC,October 27, 2023– First Hydrogen Corp. (“FIRST HYDROGEN” or the “Company”)  (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) has arranged a non-brokered private placement of debenture units  at a price of $1,000 per unit for aggregate gross proceeds of up to $2,900,000. Each debenture unit is  convertible into 689.65 common shares and 689.65 share purchase warrants, with each share purchase warrant  exercisable to acquire one common share at an exercise of $3.00 per warrant for a period of two years from  the close date.  

The debentures will mature on the second anniversary of the date of issuance and bear interest at a rate of  9.00% per annum, commencing on the date of issuance. The debentures are unsecured. 

All securities issued in connection with the offering will be subject to a statutory resale restriction for four  months and one day from the closing date of the offering. Finders’ fees may be paid by the company in  conjunction with the completion of the financing in accordance with the TSX Venture Exchange policies. 

The Company intends to use the proceeds of the Offering for general corporate purposes.  

The offering of the Debentures is subject to the receipt of all necessary approvals, including the final approval  of the TSX Venture Exchange. The Debentures will not be listed or posted for trading on any exchange. 

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. The Company has designed and built hydrogen-fuel-cell-powered  light commercial vehicles (“FCEV”) in partnership with AVL Powertrain and Ballard Power Systems Inc.  The FCEV has a range of 630+ kilometres. These vehicles are being trialled with fleet operators in the United  Kingdom. First Hydrogen is also developing a 35MW green hydrogen production facility and vehicle  assembly factory in Shawinigan, Quebec. 

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

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.