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Brossard, Quebec TheNewswire - March 31, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's sole publicly traded pure-play company specialized in green hydrogen production and distribution, is pleased to announce the execution of Commercial Supply Agreements (the "CSA's") with a US Tier 1 industrial gases producer and distributor. The first CSA is enabling CHARBONE to have access to certain volumes of hydrogen in advance of its own forth coming hydrogen production. The second CSA is further allowing CHARBONE to expand its product offerings to provide its own customers with a variety of other gases, such as helium and other complementary industrial gas products to hydrogen.
CHARBONE has been closely monitoring the evolution of the North American geopolitical and economic situation and is now ready to seize multiple new North American opportunities with complementary products, particularly in Canada. CHARBONE has gained an early-mover advantage through its market knowledge and is demonstrating its agility, resilience, and adaptability to develop partnerships and commercial synergies in the low carbon intensity and high purity hydrogen that CHARBONE will be also producing.
CHARBONE's mission and vision remain focused on deploying its 16 production plants across Canada and the U.S., including the construction of the Sorel-Tracy flagship project, which is set to begin green hydrogen production in the first half of 2025. The execution of a supply agreements with one of the largest Tier 1 industrial gas producers in the U.S. for the bulk supply of hydrogen and other industrial gases will allow CHARBONE to diversify its revenue streams and increase the usages of its logistics and transportation capabilities to better address the growing demand from its existing customers, serve a larger customer base, and support its new partner in addressing the Canadian market. The world industrial gas market is projected to grow by USD 31.1 billion during 2024-2029, accelerating at a CAGR of 5.7% throughout the forecast period.
CHARBONE enhances its offerings to serve a larger industrial customer base, including, industrial gas distributors, semiconductor, data centre, natural gas, petrochemical, and refinery/oil industries, reinforcing its operational robustness and reliability as the preferred supplier to tackle the current market's scarcity of dependable options.
"The CHARBONE management team exhibits remarkable adaptability and agility in responding to rapid market changes. This enhancement to our offerings will solidify and bolster our position as a market leader in hydrogen while leveraging an existing and underserved market, especially in Canada , " stated Dave Gagnon, CEO of CHARBONE . " Our new partnership and commercial agreements with a US Tier 1 market leader, provides Charbone fresh diversification opportunities. This collaboration reinforces our leadership in the hydrogen market while generating new revenue streams. Our innovative business model boosts investor confidence by minimizing risk and maximizing growth potential. "
About Charbone Hydrogen Corporation
CHARBONE is an integrated green hydrogen company with strategic distribution capabilities of industrial gases across North America. While continuing to develop its modular green hydrogen production network, CHARBONE also leverages commercial partnerships to supply hydrogen, helium, and other industrial gases without the capital-intensive requirements of production facilities. This approach enhances revenue streams, reduces operational risks, and increases market flexibility. CHARBONE remains North America's only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, visit www.charbone.com .
Forward-Looking Statements
This news release contains statements that are "forward-looking information" as defined under Canadian securities laws ("forward-looking statements"). These forward-looking statements are often identified by words such as "intends", "anticipates", "expects", "believes", "plans", "likely", or similar words. The forward-looking statements reflect management's expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Corporation's Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.
Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Contact Charbone Hydrogen Corporation | ||
Telephone: +1 450 678 7171 | ||
Email: ir@charbone.com | ||
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