ROCHESTER, N.Y., June 29, 2022 /PRNewswire/ -- Hyzon Motors Inc.
(NASDAQ: HYZN), today announced that Shawn
Yadon has been appointed President, Commerical, effective
July 1, 2022. Mr. Yadon will be
responsible for commercialization of the North American market
while supporting Hyzon's strategic position of the production and
sales of our hydrogen fuel cell vehicles.
Mr. Yadon comes to Hyzon from the California Trucking
Association (CTA), the largest statewide trucking association in
the U.S., where he served as the CEO since 2014. In that role, Mr.
Yadon has been an industry strategist, thought leader and
ambassador for the trucking industry across the U.S. working
directly with state legislators and regulators in California and beyond, the U.S. Congress, the
Federal Motor Carrier Safety Administration (FMCSA), as well as the
commercial trucking industry throughout the country as an industry
leader and advocate.
Prior to his role as CEO at CTA, Mr. Yadon was the Vice
President of Corporate Affairs in the Office of the CEO at Copart,
Inc. (CPRT), a worldwide online remarketing leader with sales of
over two million vehicles per year. Mr. Yadon spent 7 ½ years at
Copart, and during his time there, also served as the company's
principal government affairs officer.
A veteran of the corporate Government Affairs field, Mr. Yadon
previously led E*TRADE Financial's State Government Affairs
department and was the lead Government Affairs representative in
the Western U.S. for FedEx as part of a 19-year career that also
included leadership positions in ground and air ramp
operations.
"I look forward to leading Hyzon Motors' commercial activities
and advocating at all levels alongside the trucking industry for
the governmental support, commitment, and investments necessary for
Hyzon to optimize the deployment and delivery of cutting edge zero
emission commercial vehicles in addition to essential hydrogen
infrastructure requirements," said Mr. Yadon.
"As the momentum in North
America continues to accelerate for zero emission commercial
vehicles, we are excited to deepen our talent pool with the
addition of Shawn. His extensive experience and relationships in
the commercial trucking industry coupled with his advocacy and
breadth of knowledge in government affairs positions Hyzon well to
bring zero emission vehicles to fleet operators today," stated
Craig Knight Hyzon Chief Executive Officer.
About Hyzon
Hyzon is a global leader in fuel cell electric mobility, with US
operations in the Rochester,
Chicago and Detroit areas, and international operations in
the Netherlands, China, Australia, and Germany. Hyzon is an energy transition
accelerator and technology innovator, providing end-to-end
solutions in the transport sector with a focus on commercial
vehicles and hydrogen supply infrastructure. Utilizing its proven
and proprietary hydrogen fuel cell technology, Hyzon aims to supply
zero-emission heavy duty trucks and buses to customers in
North America, Europe and around the world to mitigate
emissions from diesel transportation, which is one of the single
largest sources of carbon emissions globally. The Company is
contributing to the escalating adoption of fuel cell electric
vehicles through its demonstrated technology advantage, leading
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 "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 regarding expected revenues and gross margin for the
2021 fiscal year and expectations for the 2022 fiscal year, 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" section of Hyzon's
definitive proxy statement on Schedule 14A filed with the U.S.
Securities and Exchange Commission (the "SEC") on June 21, 2021, our Registration Statement on Form
S-1 filed with the SEC on July 30,
2021, our Form 10-K filed March 30,
2022, and 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 (i) the ability to convert
non-binding memoranda of understanding 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(ii) the ability of
counterparties to make payments to Hyzon with respect to their
binding orders, (iii) the ability to identify additional potential
customers and convert them to paying customers or (iv) disruptions
to the global supply chain, including our third party suppliers and
assemblers. Hyzon gives no assurance that Hyzon will achieve its
expectations.
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