First of its Kind Refuse Vehicle Hits the Road
in Australia Bringing Quieter
Trash Collection and Significantly Reducing Diesel Consumption and
Carbon Emissions Annually;
Australian Production
Launched, with First U.S. FCEV Waste Truck in Assembly
ROCHESTER, N.Y., Oct. 23,
2023 /PRNewswire/ -- Hyzon Motors Inc. (Hyzon)
(NASDAQ: HYZN), a leading hydrogen fuel cell technology developer
and global supplier of zero-emission heavy-duty fuel cell electric
vehicles (FCEVs) today announced the commercial trial deployment of
its first Heavy Rigid fuel cell electric waste collection truck to
REMONDIS Australia, one of the world's largest recycling, service,
and water companies. The commercial trial is expected to convert to
a full vehicle purchase if certain trial performance targets are
met.
"Hyzon has a road ready truck, that's been designed locally in
Australia, and is now on the roads
for a commercial trial with one of the largest recycling companies
in the world. It is an exciting day for Hyzon," said Hyzon Motors
Australia's Managing Director John
Edgley. "We expect this trial to demonstrate Hyzon's
capability to deliver a world class zero emissions truck with class
leading performance and a new world of zero emissions benefits.
Together with REMONDIS Australia we will build confidence for the
trucking sector to accelerate the transition to zero emissions. We
believe hydrogen fuel cell electric vehicles will play a vital role
in the decarbonisation of the transport sector and be a key
component of Australia and
New Zealand's fuel security
strategy into the future."
"We're demonstrating that carbon-free transport can and does
work in industrial settings," said REMONDIS Australia CEO Björn
Becker. "We're hopeful that this is the start of a bigger journey
whereby companies around the world follow REMONDIS' lead and turn
to fleet decarbonization. This should be likely as economies of
scale take effect, making the take-up of such technology the norm
and not the exception. REMONDIS has gone all-out to deliver this
ground-breaking environmental initiative at the earliest possible
time and it's something we're very proud of."
Hyzon developed its Heavy Rigid truck in Australia as a global platform, adaptable for
international markets with a multitude of vehicle use cases, such
as garbage compactors, tilt trays, and flatbed trucks. Development
of the Heavy Rigid program in Australia has allowed Hyzon to tap into highly
skilled local engineering and technical knowledge to build a team,
process, and product for Hyzon's targeted U.S. and global markets.
Building on the back of this ISO-certified Australian developed
platform, the first U.S. FCEV waste collection vehicle is in
assembly, readying for expected customer trials in the U.S. in 1H
2024.
REMONDIS operates in over 30 countries globally, with 39
business locations around Australia servicing more than 24,000
Australian commercial, industrial, and municipal customers. The
waste collection truck will service the Wollongong and Shellharbour
municipalities, operating from REMONDIS's Wollongong facility in
New South Wales.
Hyzon's heavy-duty waste collection truck was designed against
the industry benchmark of a 200-kilometre (125 miles) range and
1500 bin lifts per working day. The truck has been
developed in partnership with Superior Pak, Australia's leading manufacturer of world
class mobile waste collection and compaction equipment.
The truck is in service and on the road in New South Wales now.
About Hyzon
Hyzon Motors is a global supplier of
high-power fuel cell technology focused on integrating its
solutions into zero-emission heavy-duty fuel cell electric
vehicles. Utilizing its proven and proprietary hydrogen fuel cell
technology, Hyzon aims to supply zero-emission heavy duty trucks to
customers in North America,
Europe, Australia, and New
Zealand to mitigate emissions from diesel transportation -
one of the single largest sources of global carbon emissions. Hyzon
collaborates with partners across the hydrogen value chain to bring
clean hydrogen to the market to support fuel cell vehicle
deployments. Hyzon is contributing to the adoption of fuel cell
electric vehicles through its demonstrated technology advantage,
fuel cell performance and history of rapid innovation. Visit
www.hyzonmotors.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
All statements, other than statements of present or historical fact
included in this press release, are forward-looking statements.
When used in this press release, the words "aims", "could,"
"should," "will," "may," "believe," "anticipate," "intend,"
"estimate," "expect," "project," the negative of such terms and
other similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. These forward-looking statements, including
statements about vehicle trials, are based on management's current
expectations and assumptions about future events and are based on
currently available information as to the outcome and timing of
future events. Except as otherwise required by applicable law,
Hyzon disclaims any duty to update any forward-looking statements,
all of which are expressly qualified by the statements in this
section, to reflect events or circumstances after the date of this
press release. Hyzon cautions you that these forward-looking
statements are subject to numerous risks and uncertainties, most of
which are difficult to predict and many of which are beyond the
control of Hyzon, including risks and uncertainties described in
the "Risk Factors" sections of Hyzon's Form 10-K for the year ended
December 31, 2022 filed with the SEC
on May 31, 2023, Form 10-Q for the
quarter ended June 30, 2023 filed on
August 8, 2023, and in other
documents filed by Hyzon from time to time with the SEC. These
filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements,
such as risks related to the ability to convert non-binding
memoranda of understanding or vehicle trial agreements into binding
orders or sales (including because of the current or prospective
financial resources of the counterparties to Hyzon's non-binding
memoranda of understanding and letters of intent), or the ability
to identify additional potential customers and convert them to
paying customers. Hyzon gives no assurance that Hyzon will achieve
its expectations.
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SOURCE Hyzon Motors Inc.