Trial Comes as Part of TALKE's Supplier
Evaluation Ahead of Final Award of Grant Applications Which Could
Fund a Large Fleet of Class 8 FCEV Trucks
BOLINGBROOK, Ill., Oct. 30,
2024 /PRNewswire/ -- Hyzon (NASDAQ: HYZN),
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 the completion of a successful trial of its Class 8
200kW Fuel Cell Electric Vehicle (FCEV) with TALKE, a leading
provider of logistics solutions for the chemical industry. The
trial was part of TALKE's Houston
drayage operations at TALKE USA.
"The success of this trial with TALKE aligns with the strong
results we've seen across the seven other trials of our Class 8 200
kW Fuel Cell Electric Vehicle (FCEV) truck," said Hyzon Chief
Executive Officer (CEO) Parker
Meeks. "These consistent outcomes reinforce our confidence
as we move toward full commercial activation, marking an exciting
step forward in deploying hydrogen fuel cell solutions at
scale."
Building on the success of its 110kW trial two years ago, the
200kW FCEV truck performed exceptionally well, effortlessly hauling
containers with a smooth, dynamic, and impressively quiet
operation.
"This trial is a key part of TALKE's preparations for
zero-emission operations and aligns with our ongoing commitment to
our global ESG program, #CraftingResponsibleLogistics," said
Richard Heath, TALKE President and
CEO.
The successful trial result is part of TALKE's preparation for
potential deployment of a larger fleet of Class 8 FCEV trucks under
various grant funding programs, for which Hyzon's Class 8 200kW
FCEVs are being evaluated alongside competitors.
One of TALKE's professional drivers, Timothy (Tim) Rivon shared, "I've been driving
my whole life, even came out of retirement because I love it.
Change can be tough, but you can't beat the quieter ride and how
smooth it drives."
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.
About TALKE
TALKE is one of the world's leading providers of logistics
solutions for the world of chemistry. More than half of the world's
top 50 chemical companies already rely on the services of this
family-owned company, founded in 1947. TALKE unites 4,600 people on
three continents under its roof. With pioneering spirit, expertise,
and dedication, they turn chemical logistics into a catalyst for
future success. Responsibility and safety are key drivers: TALKE
thinks and acts in terms of generations - for a better society, for
a sustainable environment, and for healthy and satisfied
employees.
Today's core competencies are transport, packaging, storage and
handling of hazardous and harmless substances of all aggregate
states. TALKE also advises on, designs and implements logistics
processes, buildings and facilities. Digital services round out the
portfolio of customized customer solutions. Offering all these
competencies from a single source along the entire supply chain is
a unique selling point of TALKE and a key customer benefit.
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SOURCE Hyzon