BROSSARD, QC, Aug. 16,
2022 /CNW Telbec/ - CHARBONE HYDROGEN Corporation
(TSXV: CH) ("Charbone") is pleased to announce that its
fully owned subsidiary, CHARBONE Systems Inc. ("Charbone
Systems") entered into a non-binding Term Sheet
(the "TS") with Resato Hydrogen Technology B.V.
("Resato"), for the exclusive sales, marketing, distribution
and servicing of Resato's Hydrogen Refueling Stations (the
"HRS") technologies for the Canadian market. Charbone System
will be initially importing the HRS from Europe and would have an option to extend the
agreement to acquire the rights to manufacture and assemble the HRS
locally in Canada under Resato
trademark.
Charbone continues its mission to develop and create sustainable
"ecosystems" and local markets with its vision of modular and
scalable regional hubs dedicated to the production and distribution
of green hydrogen, while concurrently developing partnerships with
hydrogen related Original Equipment Manufacturers (the
"OEM"), technology suppliers, existing hydrogen users, and
participating in innovations in new usages and processes to reduce
greenhouses gas effects on our day-to-day life.
Under the TS, Charbone will dedicate resources towards a
professional marketing and sales team for the Canadian market, and
create partnership with local companies for the operation,
maintenance, and services of the HRS. Resato will train and
supervise Charbone Systems teams. Charbone will be responsible for
the engineering and the adaptation to the Canadian, provincials'
and other stakeholders codes and regulations on behalf of Resato.
Completion of the transaction, as specified in the non-binding TS,
is subject to further negotiation and execution of a definitive
agreement.
"I'm delighted that we have succeeded at Charbone in
partnering with such an experienced and skilled company in Hydrogen
Refuelling Technology." said Dave B.
Gagnon, Chairman and CEO of Charbone. "Charbone's ability
to promote its model in the North American markets to an
international and credible partner such as Resato and bring their
high quality and efficient HRS technology to Canada will be instrumental for the building
of the Canadian hydrogen ecosystem."
"We are pleased to expand our activities to Canada with such an innovative partner. The
Charbone team has over 40 years of experience in fabricating,
assembling, and manufacturing modular and complex systems,"
said Robert T.P. Castien, CEO and
Co-Owner of Resato. "Charbone has the right approach to the
development of the green hydrogen ecosystem. Their vision is
supported by an incredible amount of contagious energy, and we are
a solid fit."
About Charbone
Charbone is a Canadian green hydrogen company established in
North America. The company's
strategy consists in developing modular and expandable hydrogen
facilities. Through the acquisition of hydropower plants in
the United States of America and
Canada, Charbone intends to
produce green dihydrogen molecules using reliable and sustainable
energy to distinguish itself as a supplier of an environmentally
friendly solution for industrial and commercial companies.
About Resato
Resato Hydrogen Technology is a Dutch technology leader that
supports the development of the hydrogen economy with their
Hydrogen Refueling Stations. With more than 30 years of experience
in high-pressure technology, Resato has the expertise to bring
hydrogen under the correct pressure even under extreme conditions.
Resato has both deployed privately owned stations and public
stations throughout Europe.
It is our mission to meet and exceed the expectations of our
customers and end-users. We want to provide the best business tool
for hydrogen refueling station owners, provide their users with a
flawless refueling experience and be a top-notch sustainable
company.
We are on our way for a greener future with a focus on
sustainability, safety and efficiency.
Creating zero-emission mobility together.
For more information on Resato:
https://www.resato.com/en/hydrogen
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. Specifically, this news release includes forward-looking
statements regarding Charbone's expected commercialization and
supply and logistics business opportunities related to green
hydrogen, the negotiation and completion of the Definitive
Agreements between Charbone Systems and Resato, other
statements regarding future product developments, and markets,
including with respect to specific indications, and any other
statements which are other than statements of historical fact
and the expected timing of such events. The forward-looking
statements reflect Charbone's respective 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.
Among the key factors that could cause actual results to differ
materially: whether Charbone Systems and Resato are successful in
negotiating and entering the Definitive Agreements,
availability of substantial capital in the future to fund its
operations, and its sale and marketing expenses, if granted
regulatory approval for the HSR to be sold and marketed in
Canada or elsewhere will be
granted Charbone Systems. The forward-looking
statements may be affected by risks and uncertainties in the
business of Charbone.
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.
SOURCE Charbone Hydrogen Corporation