Hno International Inc - HNOI STOCK NEWS

HNO International (HNOI) has announced a significant hydrogen offtake agreement with an unnamed Texas-based mobility company. The deal involves supplying hydrogen from HNOI's 1.25 MW Scalable Hydrogen Energy Platform (SHEP™), which can produce up to 500 kilograms of clean hydrogen daily. The hydrogen will power the customer's fleet of Class 8 hydrogen fuel cell vehicles (FCEVs) for long-haul transportation.

The agreement includes HNOI's Compact Hydrogen Refueling System (CHRS™) for refueling support. HNOI projects reaching nearly $10 million in multi-year contracts as it scales hydrogen production within the first year of operation. The partnership aims to support zero-emission mobility and reduce the environmental impact of freight transportation.

HNO International (OTC: HNOI), a hydrogen-based clean energy technologies company, has announced its plans to uplist to NASDAQ and has retained a leading Wall Street investment banking firm to assist with its growth strategy. The firm will serve as placement agent and financial advisor for up to $20 million capital raise through a Reg-A offering, aimed at funding capital expenditures and future acquisitions.

The selected investment banking firm, established in the 1980s, specializes in various financial services including IPOs, Pre-IPO-Special Vehicles, Private Placements, and SPAC opportunities. The firm's Managing Director expressed confidence in HNOI's potential role in meeting growing global energy demands and assisting with their transition from OTC markets to NASDAQ.

HNO International (HNOI) has announced a significant reduction in its outstanding common stock shares, with 360 million shares being exchanged for newly designated Series B Convertible Preferred Stock. This exchange, involving shares owned by CEO Donald Owens and an affiliated entity, has resulted in an 82% decrease in outstanding common shares, reducing the total to approximately 74 million shares.

The company, which specializes in hydrogen-based clean energy technologies, views this exchange as part of its transition from R&D to production operations. According to CEO Owens, this restructuring aims to enhance shareholder value while maintaining their focus on product development.

HNO International (OTC: HNOI) has released a video interview featuring Chairman and CEO Donald Owens from the NASDAQ Marketsite, discussing the company's 'Hydrogen Economy Vision'. The interview covers key aspects of HNOI's business strategy, including their local production and consumption infrastructure model with SHEP™, gaseous hydrogen efficiency, franchise opportunities, and the CHRS™ refueling system.

Owens, who transitioned from a patent attorney career and holds 19 patents in hydrogen energy, outlined the company's plans for decentralized hydrogen production and discussed applications including data centers and cryptocurrency operations. The interview highlighted HNOI's mobile refueler technology for on-demand fueling and the company's mission to make hydrogen energy widely accessible.

HNO International (HNOI) Chairman and CEO Donald Owens will present at NASDAQ on December 13, 2024, discussing the company's vision for the hydrogen economy. The interview will be released on December 20, 2024. The company's strategy focuses on decentralized hydrogen production through its Scalable Hydrogen Energy Platform (SHEP™) and Compact Hydrogen Refueling System (CHRS™).

HNOI is implementing a franchise model to enable entrepreneurs to enter the hydrogen market. The company emphasizes gaseous hydrogen over liquid hydrogen for cost efficiency and targets high-demand sectors like data centers and cryptocurrency mining. This presentation marks HNOI's transition from R&D to large-scale production and distribution.

HNO International (HNOI) and Pneumatic and Hydraulic Company (PHC) have formed a strategic partnership through a teaming agreement to advance scalable hydrogen energy systems deployment. PHC, a 60-year veteran in the compressed gas industry and largest North American distributor for Haskel, will support HNOI's vision of deploying 1-10 megawatt electrolyzer production plants and hydrogen refueling systems.

PHC brings extensive experience serving major aerospace clients and providing power distribution technology to leading datacenter operators. HNOI contributes its 15-year expertise in green hydrogen technologies, including their Scalable Hydrogen Energy Platform (SHEP™) and Compact Hydrogen Refueling System (CHRS™). The partnership aims to combine HNOI's innovative solutions with PHC's integration, distribution, and service capabilities.

HNO International (OTC: HNOI) has partnered with Dumore Enterprises to test its Hydrogen Carbon Cleaner (HCC) and hydrogen-diesel blending technology. The 30-day testing phase will be conducted on Dumore's fleet of vehicles and equipment at its Trinidad operations, including diesel trucks, forklifts, and industrial equipment. The collaboration aims to generate real-world data on fuel consumption, emissions reduction, and maintenance savings. Dumore brings significant experience with over 2,000 engine conversions to CNG and more than 50 million kilometers driven on CNG.

HNO International (OTC: HNOI) has signed an offtake agreement with a Texas-based leader in zero-emission transportation to supply hydrogen fuel for a major fuel cell truck fleet. The hydrogen will be produced using HNOI's Scalable Hydrogen Energy Platform (SHEP), a 1.25 MW electrolysis system capable of generating up to 500 kg of hydrogen daily. The fuel will be dispensed through HNOI's Compact Hydrogen Refueling System (CHRS), supporting both 350 and 700 bar fueling.

This partnership marks a significant step towards cleaner transportation, demonstrating the viability of hydrogen as a future fuel for long-haul trucking. The collaboration aims to reduce greenhouse gas emissions and meet sustainability goals in the trucking industry, leveraging hydrogen's advantages in range, payload capacity, and environmental impact over diesel.

HNO International (OTC: HNOI) has received a significant purchase order for its innovative hydrogen dispensers, designed to support next-generation mobile refueling stations. This development marks a important step in advancing the hydrogen economy. The dispensers will be integrated into mobile refueling units developed by Total Hydrogen Solutions, a division of Pneumatic and Hydraulic.

The hydrogen dispensers and mobile refueling system will be deployed in California to a private midstream gas delivery company experiencing increased demand for hydrogen integration. HNOI's CEO, Paul Mueller, highlighted the company's advantage in building hydrogen dispensers with relatively short lead times. The dispensers support H70, H35, and tube trailer dispensing, with major components sourced from US supply chain partners.

This initiative aims to address California's challenges in building a comprehensive hydrogen refueling infrastructure, offering a versatile and immediate solution to the infrastructure gap and supporting the state's ambitious hydrogen goals.