First Hydrogen Appoints Williams as Non-Executive Director

Rhea-AI Summary

First Hydrogen Corp. has appointed Dr. Peter Williams as a Non-Executive Director of its UK subsidiary, enhancing its focus on hydrogen-fuelled vehicles and green hydrogen production. With over 40 years in the industry, including roles at INEOS and BP, Williams is expected to contribute significantly to the development of zero-emissions transportation solutions. This leadership change aligns with First Hydrogen's strategy to grow its commercial fleet and refueling capabilities.

Positive

• Appointment of Dr. Peter Williams as Non-Executive Director is expected to bring extensive industry experience.
• Focus on developing hydrogen-fuelled commercial fleet vehicles and refueling solutions aligns with market trends.

Negative

• Concerns about continuity and experience gaps in leadership during the transition.

VANCOUVER, BC / ACCESSWIRE / March 2, 2022 / First Hydrogen Corp. ("FIRST HYDROGEN" or the "Company") (TSXV:FHYD)(OTC PINK:FHYDF)(FSE:FIT) is pleased to announce it has appointed Dr. Peter Williams as a Non-Executive Director of First Hydrogen UK. His appointment will help grow First Hydrogen's UK subsidiary, which is focused with delivering the first hydrogen-fuelled and zero-emissions utility vehicles, green hydrogen production and distribution. Peter is currently Group Technology Director and Head of Investor Relations at global chemical company INEOS.

Prior to INEOS, Peter worked at British Petroleum (BP) for more than two decades holding senior positions in business, technology and strategy. He also serves as Non-Executive Director for V-Carbon, a company that is creating a circular economy for carbon fibre and delivers engineered and sustainable carbon fibre solutions for the automotive, aviation and aerospace industries. He also sits on the Engineering & Physical Sciences Research Council in the UK. Peter will bring to First Hydrogen his considerable experience of technology built up over 40 years with BP and INEOS.

Nicholas Wrigley, Chairman of First Hydrogen comments: "We're delighted to welcome Peter on board and know he will be a fantastic asset to our team. As a trained chemist and material scientist he brings great insight on improving the use of hydrogen and sustainable materials, particularly in the automotive sector. His expertise will prove particularly invaluable as we develop the first hydrogen-fuelled commercial fleet vehicles and refuelling solutions. The First Hydrogen team is also assessing the viability of green hydrogen production in the UK and elsewhere to be able to provide its mobility customers with a full service, to include the fuel."

Peter Williams, Non-Executive Director of First Hydrogen UK, says: "I'm delighted to join such a forward-looking company as it develops the potential of hydrogen for transportation. Successfully switching to zero-emissions fuels will help us to dramatically cut carbon and is an important component of the drive to a climate neutral economy."

About First Hydrogen Corp.

First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles and supercritical carbon dioxide extractor systems. The company is designing and developing a hydrogen-fuel-cell-powered light commercial demonstrator vehicle under two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+ kilometres. First Hydrogen is developing refueling capability working with FEV Consulting GmbH, the internal automotive consultancy of FEV Group of Aachen Germany.

On behalf of the Board of Directors of

FIRST HYDROGEN CORP.

"Balraj Mann"
Chairman & Chief Executive Officer

Contacts:

Balraj Mann
First Hydrogen Corp.
604-601-2018
investors@firsthydrogen.com

Cautionary Note Regarding Forward-Looking Statements This news release contains information or statements that constitute "forward-looking statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.

Forward looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward-looking information is provided for the purpose of presenting information about management's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.

The forward-looking statements made in this news release are based on management's assumptions and analysis and other factors that may be drawn upon by management to form conclusions and make forecasts or projections, including management's experience and assessments of historical trends, current conditions and expected future developments. Although management believes that these assumptions, analyses and assessments are reasonable at the time the statements contained in this news release are made, actual results may differ materially from those projected in any forward-looking statements. Examples of risks and factors that could cause actual results to materially differ from forward-looking statements may include: the timing and unpredictability of regulatory actions; regulatory, legislative, legal or other developments with respect to its operations or business; limited marketing and sales capabilities; early stage of the industry and product development; limited products; reliance on third parties; unfavourable publicity or consumer perception; general economic conditions and financial markets; the impact of increasing competition; the loss of key management personnel; capital requirements and liquidity; access to capital; the timing and amount of capital expenditures; the impact of COVID-19; shifts in the demand for First Hydrogen's products and the size of the market; patent law reform; patent litigation and intellectual property; conflicts of interest; and general market and economic conditions.

The forward-looking information contained in this news release represents the expectations of First Hydrogen as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. First Hydrogen undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

SOURCE: First Hydrogen Corp.

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FAQ

What is the significance of Dr. Peter Williams' appointment at First Hydrogen?

Dr. Peter Williams' appointment brings over 40 years of experience in technology and strategy, which is crucial for First Hydrogen's growth in hydrogen vehicles and green hydrogen production.

When was Dr. Peter Williams appointed as Non-Executive Director?

Dr. Peter Williams was appointed as Non-Executive Director on March 2, 2022.

How does Dr. Williams' background benefit First Hydrogen?

His experience with INEOS and BP will provide valuable insights into the hydrogen sector, aiding in the development of zero-emission vehicles.

What are First Hydrogen's plans for hydrogen production?

First Hydrogen is assessing the viability of green hydrogen production to support its mobility customers with a full service, including fuel.

What is the stock symbol for First Hydrogen?

First Hydrogen is traded under the stock symbol FHYDF.