First Hydrogen Reveals Next Generation Zero Emission LCV

First Hydrogen Reveals Next Generation Zero Emission LCV

Vancouver, B.C., January 27, 2023 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce it has  received initial Generation II images, designed in collaboration with EDAG Group (EDAG). These first  released images show the next generation’s front and rear detail. The front view features a smart digital panel,  which shows the configuration of daytime running lights (DRL) designed to give the van a recognisable face 

and identity, as well as outstanding visibility. The rear elevation reveals vertical taillights either side of the  main cargo access point. The design follows function as it accommodates different types of doors including  tailgates, barn doors and roller shutters.  

Known for its top-level development of concept cars, prototypes and expertise in the international automotive  industry, global mobility engineers EDAG was appointed by First Hydrogen in 2022 to develop design and  styling for the Company’s zero-emission light commercial vehicles (LCV). The designs can be scaled to  different vehicle heights and lengths. The result will be modular vehicles that allow for customization to suit  operational use and can be employed for a wide range of applications including express delivery, grocery,  construction and utilities work, emergency services and vehicle recovery.  

First Hydrogen’s fuel cell vehicle (FCEV) offers operational benefits for the zero-emission commercial van  market and LCV sector with faster refuelling speeds, longer range, and larger payload, auxiliary load and towing capabilities. The Company’s Generation II design will reflect this operational flexibility, ultimately  supporting First Hydrogen to become leaders in efficiency and progress for zero emission vehicles. 

The Company’s Generation I FCEVs are now undergoing mileage accumulation and testing before  commencing operational trials. Starting March 2023, the vans will be placed with fleet operators from the UK  Aggregated Hydrogen Freight Consortium (AHFC), which include national supermarkets, utilities providers,  roadside assistance and healthcare services. These real-world on-road trials will enable operators to experience  hydrogen transport solutions first-hand and help First Hydrogen engage with potential customers and provide  data to inform the development and production of its future vehicles. 

The global light commercial vehicle market size was valued at USD 480.52 billion in 2021. It is projected to  reach USD 751.86 billion by 2030, growing at a CAGR of 5.1% during the forecast period (2022-2030).  

Steve Gill, CEO of Automotive for First Hydrogen, says: “We’re thrilled to reveal this preview of our next  generation of zero emission vehicles. Following the success of our Generation I demonstrator vans that prove  our concept and technology capabilities, with this next series of vehicles, our goal is to provide the commercial  van market with a complete solution for operational flexibility. This sneak preview indicates the careful  consideration that has gone into combining aesthetics with engineering excellence; the vehicle configuration  and signature light panels show a solid standout design that is iconic and will be a real head turner.”  

Bernat Costa, Design Director at EDAG Spain, comments: “The pure design of the light panels  complement the vehicle’s functional purpose, establishing a First Hydrogen design signature and illuminating  the van to improve its visibility for other road users in city and urban landscapes. This is especially important  for delivery and roadside assistance vehicles, which need to make regular stops. The clean aesthetic also  reflects the vehicles’ zero emission status. We can’t wait to reveal more of the design as we progress on the  project.” 

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, EU and North  America. 

About EDAG Group (EDAG.com

EDAG Group is the world’s largest independent engineering service provider to the global mobility industry.  We regard mobility as a fully integrated ecosystem, and offer our customers technological solutions for more  sustainable, emission-free and intelligently networked mobility. With a global network of some 60 branches,  EDAG Group provides engineering services in the Vehicle Engineering, Electrics/Electronics and Production  Solutions segments. 

With our interdisciplinary expertise in the fields of software and digitalization, we possess the key skills to  help actively shape the dynamic transformation process the mobility industry is currently undergoing. Digital  features, autonomous driving, artificial intelligence, alternative powertrains, new mobility concepts and the  vision of a networked smart city have become an integral part of our portfolio. Embedded in EDAG’s own  360° degree approach to the development of complete vehicles and production facilities, we are a competent  partner for sustainable mobility projects. It is in the DNA of the company to actively shape the future of  mobility and transfer new technologies and concepts into series production. Today, EDAG is one of the TOP  20 IT service providers in the German mobility sector.

EDAG’s customers include leading international OEMs, tier 1 suppliers and startup companies from the  automotive and non-automotive industries, all of whom we serve globally with our workforce of  approximately 8,000 experts in 360-degree engineering. 

In 2021, EDAG generated sales of € 687 million and at December 31, 2021, employed a global workforce of  7,880 (including apprentices). 

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 Expands its Design of Zero-Emission Vehicles

First Hydrogen Expands its Design of Zero-Emission Vehicles

Vancouver, B.C., December 19, 2022 Vancouver, British Columbia First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to  announce it has selected EDAG Group (EDAG) as its design styling partner for its next generation of hydrogen  fuel cell vehicles (FCEV). As global mobility engineers with experience in commercial vehicle development,  EDAG will support First Hydrogen’s goal to make zero-emission vehicles accessible to fleet managers.  

Following the success of the Company’s first two light commercial vehicles which incorporate hydrogen fuel  cell stacks – First Hydrogen’s next generation of vans will be the Company’s first vehicles to enter the mass  market. Suited to the commercial sector, hydrogen-powered vehicles can travel much further, carry larger  payloads, and refueling is much quicker than equivalent battery electric vehicles. First Hydrogen’s vehicles  will be aerodynamic, durable, progressive, and highly functional for the driver suiting the vehicle’s duty cycle. 

First Hydrogen will offer a complete solution to zero emissions mobility through its innovative Hydrogen-as a-Service. In providing light commercial vehicles (LCV), a guaranteed supply of renewably sourced green  hydrogen fuel and refuelling technology alongside other supporting services, the Company will help fleet  managers to transition away from fossil fuels.  

Noted for its concept cars and prototypes as for its top-level commercial vehicle development, the design and  engineering specialist has been part of the international automotive and commercial vehicle industry for  decades. The commercial and off-road vehicle business unit covers the complete development spectrum for  commercial vehicles. As well as developing components, modules and complete vehicles, EDAG also  manufactures prototype parts & complete vehicles. Bringing creativity, innovation, and a wealth of industry  knowledge to the partnership, EDAG Group will create impactful design style and engineering concepts for  First Hydrogen’s first FCEVs for the mass market.  

Steve Gill, CEO of Automotive for First Hydrogen Limited, says: “This is an incredibly important  partnership, with the design of our flagship vehicles destined to set the first impressions of our brand and  establish our position in the market. We were compelled by EDAG’s innovative approach to developing our  next generation vehicles. As our chosen design partner, EDAG appreciates the benefits hydrogen fuel brings  to the LCV class in terms of range, payload, ease of refuelling and ease of use. All these aspects will inform  the vehicle’s look and overall design features.” 

Harald Keller, COO of EDAG Engineering GmbH, comments: “We are really looking forward to design  First Hydrogen’s first mass produced FCEVs. As design partners, our team will support First Hydrogen to  enter the commercial vehicle market with impact and enable us to visually communicate the Company’s  ambitions and forward-thinking outlook to investors and customers.” 

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, EU and North  America. 

About EDAG Group (EDAG.com

EDAG Group is the world’s largest independent engineering service provider to the global mobility industry.  We regard mobility as a fully integrated ecosystem, and offer our customers technological solutions for more  sustainable, emission-free and intelligently networked mobility. With a global network of some 60 branches,  EDAG Group provides engineering services in the Vehicle Engineering, Electrics/Electronics and Production  Solutions segments. 

With our interdisciplinary expertise in the fields of software and digitalization, we possess the key skills to  help actively shape the dynamic transformation process the mobility industry is currently undergoing. Digital  features, autonomous driving, artificial intelligence, alternative powertrains, new mobility concepts and the  vision of a networked smart city have become an integral part of our portfolio. Embedded in EDAG’s own  360° degree approach to the development of complete vehicles and production facilities, we are a competent  partner for sustainable mobility projects. It is in the DNA of the company to actively shape the future of  mobility and transfer new technologies and concepts into series production. Today, EDAG is one of the TOP  20 IT service providers in the German mobility sector. 

Our customers include leading international OEMs, tier 1 suppliers and startup companies from the automotive  and non-automotive industries, all of whom we serve globally with our workforce of approximately 8,000  experts in 360-degree engineering. 

In 2021, the company generated sales of € 687 million. On December 31, 2021, EDAG employed a global  workforce of 7,880 (including apprentices). 

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 Selects Quebec for First Green Hydrogen Eco-system Combined Green Hydrogen Production and Zero-emission Vehicle Assembly

First Hydrogen Selects Quebec for First Green Hydrogen Eco-system Combined Green Hydrogen Production and Zero-emission Vehicle Assembly

Vancouver, B.C., November 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 has selected the City of Shawinigan, Quebec, Canada to develop its first green hydrogen eco-system. The  Company has conducted site evaluations and has now formally commenced the process to secure and develop  respective sites for the local production of green hydrogen and the assembly of First Hydrogen zero-emission commercial vehicles. 

First Hydrogen’s project plan is to produce up to 50MW of green hydrogen using advanced electrolysis  technology and distribute the hydrogen within the Montreal-Quebec City corridor for use with First  Hydrogen’s light commercial vehicles (LCV) as well as supporting other hydrogen-fuelled vehicles and  applications in the region.  

First Hydrogen LCVs are planned to be assembled in Shawinigan for distribution throughout North America  in combination with the Company’s Hydrogen as a Service product offering. The assembly factory will be  designed for an annual capacity of 25,000 vehicles per year when at full capacity and will represent a major  boost to green technology jobs in the region. 

The Company’s strategy is a close match with the Province of Quebec’s “Plan for a Green Economy1” and the  “2030 Quebec Green Hydrogen and BioEnergy Strategy1” both targeting reduced dependence on fossil fuels,  energy autonomy and green prosperity through the use of green hydrogen to decarbonize and strengthen its  economy. Further, the Province of Quebec provides a stable and supportive environment for First Hydrogen’s 

project through its economic, innovation and energy policies and programs aimed at accelerating the pace of  the green energy transition. 

The project is also consistent with recent federal government announcements supporting green hydrogen and  low-carbon fuels initiatives. 

Rob Campbell, CEO of Energy for First Hydrogen, says: “Shawinigan, Quebec is a great place for First  Hydrogen to plant the flag in North America. Quebec’s first hydroelectric company was established there in  1898 and Shawinigan has a strong history of energy and industry working together. The City and the region  are very well positioned with its green energy resources, industrial community and growing green energy 

economy. It will be also very important to closely collaborate with the regional education network to create  the required skills of tomorrow. The region is already the home of the l’institut de recherche en hydrogène de  l’UQTR (IRH). Founded in 1994, IRH is one of Canada’s leading institutions in hydrogen research. We wish  to thank the City of Shawinigan and Investissement Québec for their ongoing support for this exciting project.” 

Balraj Mann, Chairman & CEO First Hydrogen states: “We are seeing strong market support for our  holistic product offering of zero-emission LCVs and green hydrogen. Customer pull combined with strong Quebec and Canadian policy support has convinced us that now is the time to move forward with this first  project. Engineering studies are planned to commence in early 2023. Our announcement today coincides with  the unveiling of our next-generation hydrogen fuel cell-powered light commercial vehicle in the coming  weeks.”

– 2 – 

1 https://www.quebec.ca/en/government/policies-orientations/plan-green-economy, https://www.quebec.ca/en/government/policies orientations/strategy-green-hydrogen 

bioenergy#:~:text=In%202030%2C%20green%20hydrogen%20and,gasoline%20vehicles%20from%20the%20roads. 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, EU and North  America. 

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.

Successful Track Run in UK 

Successful Track Run in UK 

Vancouver, B.C., November 21, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to showcase its hydrogen fuel cell-powered light commercial vehicles (LCV) in operation at the HORIBA MIRA Proving  Ground, located near Birmingham, UK. The following link shows the LCVs in operation during its initial test  runs, one in fuel-cell and one in battery electric mode (FH Track Run). The vehicles are certified for road use in the United Kingdom (UK), excluding Northern Ireland. Fleet trials with major UK operators are scheduled  for January 2023. A total of 14 fleet operators in various industries are engaged to participate in the trials  through the UK Aggregated Hydrogen Freight Consortium (AHFC).  

The Company is now counting down to the unveiling of its new next generation vehicle. First Hydrogen’s  next generation vehicle platform is the culmination of 18 months of work by First Hydrogen’s Automotive  team and represents a major step forward for the Company by providing zero emission, compelling range,  payload and overall total cost of ownership for the light commercial vehicle segment. 

The Company’s commercial vehicle strategy is focused on supplying zero emission LCVs to the UK, European  Union, United States and Canada. The global light commercial vehicle market is projected to reach $786.5  billion by 20301. These vehicles, together with the Company’s Hydrogen-as-a-Service (HaaS) solution, which  supplies green hydrogen fuel, distribution and complementing vehicle management services, will help the  sector meet zero emission targets. 

First Hydrogen’s LCVs First Hydrogen and AVL Teams

Steve Gill, CEO of Automotive for First Hydrogen Limited, says: “We believe that our next generation  LCVs represents a holistic solution for commercial fleet operators needing to go green and cost-effectively run their business. We are very excited with our new designs and look forward to sharing these soon.” 

Balraj Mann, Chairman & CEO First Hydrogen states: “Our automotive team, led by Steve Gill, has made  significant progress in the past 18 months which started off as a conceptual idea and two agreements (with  Ballard Power and AVL Powertrain) to having our LCVs successfully complete a track run. And within weeks  we will unveil our new next generation LCV. This is an exciting and proud time for our company.”

1 Allied Research 

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, EU and North  America. 

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 Expands its Design of Zero-Emission Vehicles

Inaugural Green Hydrogen Vans 

Vancouver, B.C., November 15, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce its first hydrogen fuel cell-powered van (FCEV) have commenced performance tests at the HORIBA MIRA  Proving Ground, located near Birmingham, UK. These track tests will confirm the safety and performance of  the light commercial vehicles (LCV) prior to the handover from powertrain specialists AVL to First Hydrogen.  Last month, the vehicles were certified for UK road use ahead of a series of road trials with major UK  operators, which start in January 2023. The vehicles will undertake final testing designed to fine-tune  operational performance before they are available for fleet operator trials to commence in the New Year. 

The Company’s inaugural vehicles have more than five times more range capability than their battery electric  equivalent – achieving 400-600km range on a single fuelling compared to the 115km range of the battery  electric van running at the same maximum speed1. With a refuelling time of approximately five minutes, the  time required to power First Hydrogen’s FCEVs dramatically undercuts the 5 hours and 20 minutes it takes to  recharge a battery electric van2

Created to encourage adoption and whet the market appetite, the Company’s vehicle demonstrator program  will inform development for future vehicle trials in European Union, United States and Canada. Feedback and  high-level purchase commitments will also support the design and development of First Hydrogen’s next  generation of vehicles, which it plans to bring to market in the next few years. The global light commercial  vehicle market is projected to reach $786.5 billion by 20303. These vehicles, together with First Hydrogen’s  complete Hydrogen-as-a-Service (HaaS) solution, which supplies green hydrogen fuel, distribution and  complementing vehicle management services, will help the sector meet zero emission targets. 

 

First Hydrogen installed hydrogen fuel systems into the First Hydrogen LCV vans. The fuel stack was supplied  by Ballard Power Systems, the leading global provider of energy fuel cell solutions, and the vehicles have  been fitted out at AVL’s facility in Basildon. The van has also been wrapped in First Hydrogen branded blue  and white livery, designed with a nod to the vehicle’s hydrogen-propulsion system. 

Steve Gill, CEO of Automotive for First Hydrogen Limited, says: “The team has been working tirelessly  to reach this monumental achievement. It has been phenomenal to watch the performance on the test track and  really brought our vision into reality. These vehicles enable us to demonstrate how hydrogen fuel cell systems  can serve the LCV market; delivering the range and providing the operational flexibility commercial fleets  require.”  

Nicholas Wrigley, Chairman of First Hydrogen Limited comments: “We are delighted with the initial  performance of the First Hydrogen fuel cell van. There is growing pressure on the transport sector to achieve  zero emission targets, which means operators, governments and investors are eager to see the power of  hydrogen mobility in action. Using donor vehicles has enabled us to bring our first demonstrator vans to market  quickly. This approach also allows customers to see, feel and experience the operational benefits of hydrogen  propulsion in a familiar set up.”  

1 Based on the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) 

2 Charging time when using a cable charge at a rate of 7.2 kW 

3Allied Research 

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, EU and North  America.

On behalf of the Board of Directors of  

First Hydrogen’s Green Hydrogen Powered Van Ready for Maiden Test Run

First Hydrogen’s Green Hydrogen Powered Van Ready for Maiden Test Run

Vancouver, B.C., November 7, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce that  its first zero emission light commercial vehicles (LCVs) will shortly undergo test runs at the HORIBA MIRA  Proving Ground and test track located near Birmingham. 

This week, the first of the Company’s demonstrator vehicles has completed hydrogen fuelling at 700 bar  pressure at the ITM/MOTIVE site in Rainham, Essex, close to the AVL facility in Basildon. The 700-bar fill  is a key performance parameter as it is the pressure rate that supplies enough energy to give the vehicle a 400- 600km range within a few minutes. When commissioned, drivers will be able to see the energy storage and  power flow within the vehicle on the van’s dashboard display.  

First Hydrogen’s LCVs have been certified for use on UK roads and will be used in a series of real-world trials  with major fleet operators that have signed up for the trials in the UK starting in January 2023. Current fleets  scheduled to trial the LCVs include major grocery chains, infrastructure and utility providers and healthcare services. The trials, run in conjunction with the Aggregated Hydrogen Freight Consortium (AHFC), will  enable First Hydrogen to gain feedback for its next-generation 2.0 LCVs and engage with future potential  customers. They will also allow fleet managers to experience operating zero-emission hydrogen vehicles  within their company. 

The global light commercial vehicle (LCV) market was valued at $463.00 billion (U.S.) in 2020 and is  projected to reach $786.50 billion (U.S.) by 2030, registering a CAGR of 5.3%. (Allied Market Research),  making it an important vehicle class for First Hydrogen to target with a zero-emission mobility solution. The  latest development milestone coincides with the European Union’s plans to ban the sale of petrol and diesel  cars and vans by 2035. It has provisionally agreed to reduce CO2 emissions by 55% for new cars and 50% for  new vans by 2030 from 2021 figures, with the ultimate goal to achieve 100% reduction of CO2 emissions for  new cars and vans by 2035. 

Steve Gill, CEO at First Hydrogen Automotive says:

“We are hugely proud to have reached this stage in  the development of our first vehicles. The first fuelling is an incredibly exciting moment for us, which signifies  a major step along the road to the wider production and launch of our First Hydrogen vehicles. We are eager to enter final testing and commence trials with operators early next year, which will help us to refine our end to-end Hydrogen-as-a-Service solution and assess the commercial appetite for hydrogen vehicles as a way to  achieve zero emissions in the transport sector. 

“Following the European Union’s outline to drastically cut vehicle CO2 emissions in the next 12 years, we are  very confident that our plans for zero emission commercial vehicles are absolutely on the right track.” 

Balraj Mann, CEO & Chairman of First Hydrogen Corp states,

“We have already witnessed the car market  in North America transition quickly to electric vehicles over the last four years. We are now seeing vans and  commercial vehicles pursuing the zero emissions transition. I believe green hydrogen will be the choice for  commercial vehicles that require range and payload capabilities.”

Fueling up at the MOTIVE station 

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, EU and North  America. 

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.