First Hydrogen Extends Strategic Relationship with FEV for Bespoke Hydrogen Vehicle’s Design and Product Specifications

First Hydrogen Extends Strategic Relationship with FEV for Bespoke Hydrogen Vehicle’s Design and Product Specifications

Vancouver, B.C., May 18, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce that  First Hydrogen Automotive has extended its consulting relationship with FEV Group of Aachen Germany (“FEV”) to define the technology leadership strategy for the Company’s fleet of bespoke hydrogen fuel cell powered light commercial vehicles (“LCV”) and other potential vehicles based on our proprietary designs.  This will enable First Hydrogen Automotive to plan the definitive designs and production facilities of its  vehicles. More specifically FEV will advise on target product specifications, software led functionality,  including advanced driver-assistance systems/autonomous driving systems (ADAS/AD)/connectivity  functionality and electrics & electronics architecture, and assessment of the product concept hardware options  in terms of design, layout, materials, manufacturing and platform modularity. 

In April 2022, the UK government announced plans to double hydrogen production to 10 GW by 2030, with  at least 5 GW to come from green hydrogen (produced in electrolysers which split water into hydrogen and  oxygen using electricity generated by wind and other renewables). First Hydrogen plans to contribute to these  targets with up to four production sites, with each site having a refuelling station for commercial vehicles and  passenger cars. Initial production capacity estimates are between 80 MW to 160 MW for the four sites. 

Nicholas Wrigley, Chairman First Hydrogen Limited said, “We are very excited as First Hydrogen Automotive  takes another step forward to decarbonization and providing a sustainable energy-powered vehicle. We are utilizing MAN eTGE vans for our demonstrators to build customer following and bespoke design references  and this new phase of development will define First Hydrogen’s own vehicle design interior and exterior,  optimised for hydrogen and fuel cell powertrains. Our Energy Division is working to develop refuelling and  green hydrogen production sites in Liverpool, Manchester, London and the Thames Estuary, which will serve  our customers’ fleet of vehicles and other users of hydrogen fuel cell vehicles. I believe the Company’s  strategy, from vehicles to hydrogen production will contribute to the world’s climate change initiatives.”  

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.

Vehicle Testing Testing to Commence

Vehicle Testing Testing to Commence

Vancouver, B.C., May 9, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce by way of update that its two MAN-based fuel cell-powered light commercial demonstrator  vehicles (LCV), equipped with Ballard Power Systems’ (Ballard) fuel cells and currently being built  by AVL Powertrain UK, are on schedule to commence operational testing next month. These two vehicles are expected to be road legal by September 2022 allowing for trials with major fleet  operators. It is anticipated that these trials will be carried out with a significant number of fleet  operators and buyers based on the interest which has already been generated. These trials will serve  to enhance product development and create customer engagement and partnerships around First  Hydrogen Automotive’s future fleets of LCVs. 

Steve Gill, CEO of First Hydrogen Automotive stated, “We chose to start by developing road-legal  demonstrators using a donor platform that will enable customers to see, feel and experience the  benefits and operation of a hydrogen propulsion system in a familiar set-up and compare it directly  to an EV. This platform and design allow us to bring our product to customers in a much shorter 

timeframe. The base vehicle is derived from a M.A.N. eTGE van (part of the Volkswagen Group,  and the Ballard Fcgen®-LCS hydrogen-powered fuel cell and hydrogen tanks have been integrated  without any impact on the customer features of the van, such as interior space or load height. The  resulting vehicles will have over 500km of range capability, based on the Worldwide Harmonised  Light Vehicle Test Procedure (WLTP), versus a 115km range when compared to a base EV, with the  same maximum speed. The refuelling time is typically five minutes.”  

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. First Hydrogen is also developing  refueling capability working with FEV Consulting GmbH, the internal 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 Arranges Financing up to $6,000,000

First Hydrogen Arranges Financing up to $6,000,000

Vancouver, B.C., April 22, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) has arranged a non-brokered  private placement of units for up to $6.0 million. The private placement will consist of up to 2,222,222 million  units at $2.70 per unit for gross proceeds of $6.0 million, where each unit will consist of one common share  and a non-transferrable common share purchase warrant. Each warrant is exercisable at $3.70 into one  common share, for a period of two years from the date of closing.  

All securities issued pursuant to the unit financing will be subject to a four-month plus a day hold period under  applicable securities laws in Canada.  

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 reserves the right to accept, reject or partially fill any subscriptions received up to the aggregate  amount permitted by the TSX-V. 

The Company intends to use the net proceeds from the financing for working capital and general corporate  purposes. 

About First Hydrogen Corp. (FirstHydrogen.com

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

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 Appoints Chief Engineer

First Hydrogen Appoints Chief Engineer

Vancouver, B.C., April 20, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce the appointment of Stephen Pendrey as Chief Engineer – Vehicle Program for its Automotive division. His  appointment to the company’s UK-based technical team signifies further growth and commitment to delivering  the brand’s first hydrogen-fuelled, zero-emissions utility vehicles. With 35 years of experience in cutting edge product development for the automotive sector, Stephen has previously worked on projects for Jaguar  Land Rover, Daimler Trucks and Volvo. 

His most recent role, Automotive Programmes Director at Belcan Global Engineering (Belcan) saw him  establish and grow the Belcan Automotive Division in the UK. Stephen has worked on a number of innovative  electric vehicle projects, developing products including high-performance sports cars, light-duty trucks, buses  and military vehicles. Prior to Belcan, Steve was European Programmes Director at Tata Technologies, part  of the Tata Group of companies. Here, Steve was responsible for all major deliverable-based programmes  worldwide, including the Polestar 600bhp PHEV based in Sweden, an 8×8 military vehicle-based in the U.A.E,  and the management and coordination of key accounts of Aston Martin and McLaren Automotive. In his role  at First Hydrogen, Stephen is responsible for managing the program engineering and development activities  as well as supporting the company to meet its ambitions to mass manufacture fuel cell electric vehicles  (FCEVs).  

Steve Gill, Director and CEO of First Hydrogen Automotive, says:

“We’re delighted to welcome Stephen  aboard. We were hugely impressed with his strengths as a team leader, communicator and project manager.  He brings knowledge and expertise across the complete product development process, having led teams to  successfully deliver many high-value, complex projects. His experience in supervising the build of simulator and prototype vehicles from concept, will also prove invaluable in our next milestone – the development and  delivery of our hydrogen fuel cell demonstrator vehicles, which enter road testing in just a couple of months,  and which will be available to prospective customers for road testing in September 2022.”  

Stephen Pendrey, Chief Engineer for First Hydrogen Automotive, comments:

Zero emissions and the role transportation plays in carbon reduction is a huge and complex challenge for the automotive industry, so it’s fantastic to work with a brand developing a direct solution and a proven team of automotive professionals. I am excited to help drive First Hydrogen forward in the development and roll-out of its first hydrogen fuel cell commercial vehicles, drawing on my skills and experience to deliver high-quality products to market.”

About First Hydrogen Corp. 

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

On behalf of the Board of Directors

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 Development of Green Hydrogen Production Project

First Hydrogen Development of Green Hydrogen Production Project

 Vancouver, B.C., April 11, 2022 – Vancouver, British Columbia – First Hydrogen Corp. (“FIRST HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce its strategy and road map for the advancement of its Energy Division. As previously reported, First Hydrogen Energy is engaged in developing green hydrogen production projects initially in the United Kingdom and Canada. We are pleased to report that First Hydrogen Energy has identified four industrial sites in the United Kingdom and is advancing discussions with
landowners to secure land rights and working with engineering consultants Ove Arup & Partners Limited (ARUP) for the engineering studies and designs.

The sites are all in prime industrial areas spread strategically across the North and South of the United Kingdom and will each accommodate both a large refueling station – for light, medium and heavy commercial vehicles with on-site hydrogen production, to serve the urban areas of Greater Liverpool, Greater Manchester, the London area, and the Thames Estuary – and a larger hydrogen production site of between 20 and 40 MW, for a total for the 4 sites of between 80 MW and 160 MW. It is anticipated that the target sites will qualify for United Kingdom government financial support for both the development and construction phases to deliver vital capacity pursuant to the 10 GW of domestic hydrogen production ambition, of which 5 GW will be Green, as recently announced in the government’s UK Energy Security Strategy.

The production facilities, once built, will serve customers of the Company’s Automotive Division. First Hydrogen’s green hydrogen van is to begin demonstrator testing in June with final delivery for road use in September 2022. First Hydrogen’s strategy is to secure a domestic supply of fixed-price long-term green hydrogen fuel and distribution arrangements, with such customers. This will form part of the Company’s offering to fleet operators of a full hydrogen mobility service for light commercial vehicles and supply First Hydrogen’s mobile Hydrogen refueling stations with green Hydrogen. First Hydrogen expects to make further announcements regarding the advancement of such projects as they develop.

About First Hydrogen Corp.

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

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 Van To Begin Demonstrator Testing In June

First Hydrogen’s Green Hydrogen Van To Begin Demonstrator Testing In June

Vancouver, B.C., March 15, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased  to report on the progress of its two demonstrator FCEV vehicles as part of its partnerships with Ballard Power Systems Inc. (“Ballard”) and AVL Powertrain UK Limited (“AVL”). The two demonstrator vehicles (sourced from MAN, part of the Volkswagen Group) are located at AVL’s UK headquarters. One has been stripped down and used for detailed design and packaging assessments to accommodate the Ballard hydrogen fuel cell, the balance of plant systems, and the hydrogen (H2) fuel tanks. This includes the preparations for the installation of the hydrogen fuel cell, the power battery and the H2 fuel tanks. The second vehicle is for the control systems analysis and integration. 

The first of two hydrogen fuel cell stacks provided by Ballard has been built (see photos below) with the addition of all required components, including air system, thermal management and cooling system and hydrogen supply. Thisfuel cell system assembly has been shipped to AVL’s headquarters in Graz, Austria for testing and fuel-cell optimization. The second fuel cell system assembly will follow shortly. 

Following optimization, the fuel cells systems will be shipped back to AVL in the UK for integration and commissioning in the vehicles. Road/track testing is expected to be on schedule for June 2022 with final delivery for road use in September 2022 and First Hydrogen will then be able to showcase its’ zero-emission commercial van to replace petrol/diesel powered fleets. In parallel with the development of the demonstrator vehicles, the Company is pursuing green hydrogen production projects in the UK and elsewhere. The Company’s development of its state-of-the-art mobility refuelling station continues with FEV Consulting GmbH of Aachen Germany. 

Steve Gill, CEO Automotive of First Hydrogen said: “We are very pleased with the progress for the  delivery of our two demonstrator vehicles, working with our partners AVL and Ballard. We are  substantially on track to showcase our road-going vehicles with customers in September 2022, as  originally planned. Our joint development of this hydrogen fuel cell vehicle will set us apart as a  market leader for fuel cell vehicles in the light commercial space and in good stead for our next  generation of bespoke hydrogen fuel cell vehicles, which will incorporate all the technical  development we have achieved so far.”

first hydrogen testing vehicle

About First Hydrogen Corp. 

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

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.
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