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Next Hydrogen Successfully Delivers Advanced Water Electrolyser Module to Hyundai Motor Company, The Canadian Business Journal

Mississauga, Ontario, October 11, 2022 (GLOBE NEWSWIRE) — Next Hydrogen Solutions Inc.Company” Also “next hydrogen“) (TSXV:NXH, OTC: NXHSF), an electrolyser designer and manufacturer, is pleased to announce that it has delivered to Hyundai Motor Company (“Hyundai Motor”) a proof-of-concept alkaline electrolyser module incorporating Hyundai Motor cell components.

Raveel Afzaal, President and CEO of Next Hydrogen, said: “Combining cutting-edge cell component technology from Hyundai and Kia Motors with our innovative cell design architecture improves the known performance of alkaline water electrolysers and has great potential to economically produce green hydrogen. The team at Next Hydrogen looks forward to the next steps and potential future commercial arrangements.”

In July 2021, Hyundai Motor, Kia Motors, and Next Hydrogen signed a memorandum of understanding to advance the technology related to the electrolytic cell module, which is the core of the alkaline water electrolysis system, and to reduce system construction, maintenance and management costs. system operation. Pilot tests have demonstrated the ability to operate at significantly higher current densities and temperatures compared to conventional alkaline electrolysers, providing a pathway to cost-effective green hydrogen production.

About Next Hydrogen
Founded in 2007, Next Hydrogen is a designer and manufacturer of electrolysers that use water and electricity as inputs to produce clean hydrogen for use as an energy source. Next Hydrogen’s unique cell design architecture, supported by 39 patents, enables high current density operation and excellent dynamic response, efficiently converting intermittent renewable power to green hydrogen at infrastructure scale. Convert. Following a successful pilot, Next Hydrogen is expanding its technology to offer commercial solutions for decarbonizing the transport and industrial sectors.

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Notes
This news release contains “forward-looking information” and “forward-looking statements.” All statements other than statements of historical fact are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Statements containing projections, expectations, beliefs, plans, projections, objectives, assumptions, future events, or discussions of performance (constant use of phrases such as “expect,” “do not expect,” “expect,” etc.) , “anticipate” or “unexpected”, “plan”, “budget”, “plan”, “estimate”, “estimate”, “believe” or “intend”, or any such words or variations of phrases, or stating a particular action, an event or outcome “could” or “could”, “could”, “could”, or “could” are considered to occur or be achieved) may be forward-looking statements rather than statements of historical fact. Forward-looking statements, while believed to be reasonable, are subject to known and unknown risks, uncertainties and the possibility that actual results and future events may differ materially from those expressed or implied. It is necessarily based on numerous estimates and assumptions that are influenced by certain other factors. by such forward-looking statements. Such factors include, but are not limited to: Risks associated with the hydrogen industry in general. delays or changes in plans for infrastructure development or capital expenditures; Uncertainties in estimates and forecasts regarding costs and expenses. Failure to obtain required regulatory approvals. Health, Safety and Environmental Risks. uncertainties arising from potential delays or changes in plans for infrastructure development or capital expenditure; fluctuations in exchange rates; general economic conditions; stock market volatility; Ability to access sufficient capital. There can be no assurance that such statements will prove to be accurate, as actual results or future events could differ materially from those anticipated by such statements. You should not place undue reliance on forward-looking statements and information contained in news releases. Except as required by law, we undertake no obligation to update any forward-looking statements regarding our beliefs, opinions, projections or other factors should they change.

Next Hydrogen Successfully Delivers Advanced Water Electrolyser Module to Hyundai Motor Company, The Canadian Business Journal
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Next Hydrogen Successfully Delivers Advanced Water Electrolyser Module to Hyundai Motor Company, The Canadian Business Journal

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