Announcement Coincides with Hyzon's Start of
Production (SOP) of its Innovative Single-Stack 200kW Fuel
Cell System (FCS)
BOLINGBROOK, Ill., Oct. 9, 2024
/PRNewswire/ -- Hyzon (NASDAQ: HYZN) ("Hyzon" or the
"Company"), a U.S.-based, high-performance, hydrogen fuel cell
system manufacturer and technology developer focused on providing
zero-emission power to decarbonize the most demanding industries,
today announced it has secured ISO 9001 certification for its fuel
cell manufacturing, design, and research and development
activities. The formal ISO 9001:2015 certificate #US020468 issued
by Bureau Veritas acknowledges that Hyzon's development and
production processes meet the highest international standards for
quality management.
"We are proud to secure ISO 9001 certification, which
underscores Hyzon's focus on quality, safety, and continuous
improvement across our manufacturing, design, and research and
development processes," said Hyzon Chief Operating Officer Dr.
Bappa Banerjee. "This
certification reflects our commitment to delivering cutting-edge
hydrogen fuel cell solutions that meet the highest international
standards and help drive the decarbonization of the heavy-duty
transport sector with confidence."
ISO 9001 certification – secured on National Hydrogen Fuel Cell
Day -- reflects that modifications are implemented only when their
maturity and impact on performance have been fully validated,
underscoring Hyzon's strong commitment to delivering safe,
high-quality, and reliable solutions.
"We are delighted to award Hyzon with this ISO 9001:2015, which
reflects their commitment to societal progress and continuous
improvement," said Rajiv Sabharwal,
Vice President of Business Development, Energy – Bureau Veritas
North America. "In a rapidly evolving energy landscape, this
recognition underscores how Hyzon is building resilience into its
operations and advancing the growing hydrogen ecosystem through the
use of hydrogen fuel cell technology for heavy-duty transport."
The announcement comes in the same week that Hyzon announced the
Start of Production (SOP) of its unique single-stack 200kW Fuel
Cell System (FCS), enabling the company to manufacture standardized
FCSs at scale for commercial sale and further accelerating the
decarbonization of heavy-duty industries. Hyzon also recently
announced the SOP of its innovative Class 8 200kW Fuel Cell
Electric Truck (FCET) in collaboration with North Carolina-based Fontaine
Modification.
About Hyzon
Hyzon is a global supplier of
high-performance hydrogen fuel cell technology focused on providing
zero-emission power to decarbonize demanding industries. With
agile, high-power technology designed for heavy-duty applications,
Hyzon is at the center of a new industrial revolution fueled by
hydrogen, an abundant and clean energy source. Hyzon is focusing on
deploying its fuel cell technology in heavy-duty commercial
vehicles in Class 8 and refuse collection vehicles
across North America, as well as new markets such as
stationary power applications. To learn more about how Hyzon
partners across the hydrogen value chain to accelerate the clean
energy transition, visit www.hyzonfuelcell.com.
Forward-Looking Statements
This press release
includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
include, but are not limited to, express or implied forward-looking
statements regarding the Company's expectations, hopes, beliefs,
intentions, or strategies for the future. You are cautioned that
such statements are not guarantees of future performance and that
the Company's actual results may differ materially from those set
forth in the forward-looking statements. All of these
forward-looking statements are subject to risks and uncertainties
that may change at any time. Factors that could cause the Company's
actual expectations to differ materially from these forward-looking
statements include the Company's ability improve its capital
structure; its ability to achieve and maintain manufacturing
volume targets; it receiving ISO certification; its liquidity needs
to operate its business and execute its strategy, and related use
of cash; its ability to raise capital through equity issuances,
asset sales or the incurrence of debt; the possibility that Hyzon
may need to seek bankruptcy protection; Hyzon's ability to fully
execute actions and steps that would be probable of mitigating the
existence of substantial doubt regarding its ability to continue as
a going concern; our ability to enter into any desired strategic
alternative on a timely basis, on acceptable terms; our ability to
maintain the listing of our Common Stock on the Nasdaq Capital
Market; retail and credit market conditions; higher cost of capital
and borrowing costs; impairments; changes in general economic
conditions; and the other factors under the heading "Risk Factors"
set forth in the Company's Annual Report on Form 10-K, as
supplemented by the Company's quarterly reports on Form 10-Q and
current reports on Form 8-K. Such filings are available on our
website or at www.sec.gov. You should not place undue
reliance on these forward-looking statements, which are made only
as of the date hereof. The Company undertakes no obligation to
publicly update or revise forward-looking statements to reflect
subsequent developments, events, or circumstances, except as may be
required under applicable securities laws.
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SOURCE Hyzon