Hyzon Motors signs Memorandum of Understanding with Superior Pak for the supply of up to 20 refuse collection vehicles in 2022
Hyzon Motors, through its subsidiary Hyzon Motors Australia, is partnering with Superior Pak to produce up to 20 zero-emission refuse collection vehicles (RCVs). This collaboration combines Superior Pak's expertise in waste management equipment with Hyzon's hydrogen fuel cell technology. The first five vehicles are anticipated to be operational by Q2 2022, with three available for demonstration in major Australian cities. The initiative aims to meet the growing demand from local governments committed to net-zero emissions in waste collection.
- Partnership with Superior Pak to develop zero-emission RCVs, tapping into their waste management expertise.
- First five vehicles expected operational by Q2 2022, indicating potential early revenue streams.
- Demonstration vehicles available in major cities, enhancing visibility and market penetration.
- Targets increasing demand from municipalities focused on net-zero emissions.
- Dependence on successful demonstration and adoption by local governments for sales.
- Risks associated with converting non-binding agreements into actual sales.
ROCHESTER, N.Y., July 18, 2021 /PRNewswire/ -- Hyzon Motors Inc., through its wholly owned subsidiary Hyzon Motors Australia, is cleaning up garbage collection through a partnership with Superior Pak, a leading Australian manufacturer of waste handling equipment. This announcement comes ahead of Hyzon Motors' first day of trading under the symbols "HYZN" and "HYZNW" on the Nasdaq Marketplace, scheduled for Monday, July 19.
Hyzon, a global supplier of zero-emission, hydrogen fuel-cell vehicles, announced today a Memorandum of Understanding to develop and supply 20 refuse collection vehicles (RCV) together with Superior Pak. The partnership will leverage Superior Pak's 25 years of experience designing and engineering mobile waste collection and compaction equipment and Hyzon's leading fuel cell technology.
The companies aim to deliver a zero-emissions, high-performance side lift garbage truck, capable of undertaking the 1500-2000 compactor lifts required during an 8-10 hour suburban working cycle. The first 5 vehicles are expected to be delivered and operational in Q2 2022.
Three of the first 5 vehicles are expected to be available from Hyzon under minimum 1 month demonstration loan arrangements in the Brisbane, Sydney and Melbourne areas associated with available hydrogen refueling facilities. Orders are currently being accepted for the balance of 15 vehicles with expected demand from local governments as well as waste collection operators across Australia.
Superior Pak has already delivered over 3,000 compaction units for more than 50 municipalities in Australia and New Zealand, providing existing relationships from which to grow the distribution.
"Over 530 Australian municipalities manage waste collection for their residents, many of which have committed to net-zero emissions across their operations," said Hyzon CEO Craig Knight. "Despite these commitments, few viable zero-emissions options exist."
In fact, the vehicle developed by Hyzon and Superior Pak is expected to be the first clean RCV available in Australia to undertake full operational curb-side collection duties.
Refuse collection offers a particularly suitable application for hydrogen fuel cell technology to replace diesel, as the back-to-base model allows for a central refueling infrastructure. Operating the hydraulic lifts also demands significant power, which Hyzon's high-density fuel cells can readily supply.
"Clean waste management is no longer an oxymoron," said Rob Wrigley, Managing Director of Superior Pak. "The benefits to the environment, the communities and drivers is enormous, so we are determined to develop a reliable, accessible option within a year."
Hydrogen vehicles, with their rapid torque, long-range, almost silent running and quick refueling – all while only emitting water vapor – are primed to take off in the garbage collection segment.
About Hyzon
Headquartered in Rochester, NY with US operations also in Chicago and Detroit, and international operations in the Netherlands, Singapore, Australia and China, Hyzon is a leader in hydrogen mobility. Hyzon is a pure-play hydrogen mobility company with an exclusive focus on hydrogen in the commercial vehicle market. 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. The company is contributing to the escalating adoption of hydrogen vehicles through its demonstrated technology advantage, leading fuel cell performance and history of rapid innovation. Visit www.hyzonmotors.com.
About Superior Pak
Superior Pak has supplied the waste industry with waste management equipment solutions since 1994. Superior Pak is an industry leader with the most comprehensive, innovative and industry proven range of waste management products available to the waste collection and management industry. With unparalleled expertise, Superior Pak continues to manufacture and provide industry-leading products, sales and after-market services throughout Australia and New Zealand with 25+ years of manufacturing and supply experience.
The cornerstones of the success and sustainability of the company are:
- Constant improvement and innovation to develop industry leading products that are safe, reliable, and give Superior Pak's customers the ability to perform their jobs as efficiently and stress-free as possible.
- An unprecedented level of back-up service that keeps fleets operating smoothly and minimises downtime.
Superior Pak's approach to innovation and product development begins with the end-users. The continuous communication and feedback systems the company has in place, ensures that Superior Pak's engineering and manufacturing teams are developing products that are not only compliant with OH & S and industry standards, but meet and exceed client expectations. Super Pak understands that for its customers in the municipal and industrial waste collection markets, speed, performance and reliability are key factors in their own efficiency, profitability and ultimately their successful operation.
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 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 Exhibit 99.3 of Hyzon's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the "SEC") on February 9, 2021, the "Risk Factors" section of Hyzon's definitive proxy statement on Schedule 14A filed with the SEC on June 21, 2021, 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 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 the ability to identify additional potential customers and convert them to paying customers. Hyzon gives no assurance that Hyzon will achieve its expectations.
Media contacts
Hyzon Motors
For U.S., Europe and Asia media:
Caroline Curran
Hill+Knowlton Strategies
+1 256-653-5811
caroline.curran@hkstrategies.com
For Australasian media:
Fraser Beattie
Cannings Purple
+61 421 505 557
fbeattie@canningspurple.com.au
For investors:
Caldwell Bailey
ICR, Inc.
HyzonMotorsIR@icrinc.com
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