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Hyzon Motors Inc. (NASDAQ: HYZN) is a U.S.-headquartered company specializing in the development and supply of hydrogen fuel cell-powered commercial vehicles. With operations spanning North America, Europe, China, and Australasia, Hyzon is dedicated to accelerating the energy transition towards zero-emission and cost-effective sustainable operations for heavy-duty transportation sectors.
Hyzon's core business revolves around the assembly and supply of hydrogen fuel cell electric vehicles (FCEVs), including heavy-duty and medium-duty trucks and buses. The company is also working on expanding its portfolio to include light-duty commercial vehicles and stationary power applications. Leveraging its advanced fuel cell and electric propulsion technologies, Hyzon aims to deliver zero-emission vehicles without compromising on performance.
One of Hyzon's significant recent achievements includes a joint development agreement with New Way Trucks to create a fuel cell-powered refuse vehicle for the North American market. This collaboration underscores Hyzon's commitment to decarbonizing industries that are traditionally hard to abate, such as waste management.
Financially, Hyzon has demonstrated robust growth. For instance, in the fourth quarter of 2023, the company successfully deployed 19 vehicles globally, including its first heavy-duty fuel cell electric truck in the United States. Furthermore, Hyzon has made substantial advancements in its 200kW fuel cell technology, which is expected to start production in the second half of 2024.
Hyzon's partnerships play a critical role in fostering a clean hydrogen supply ecosystem. The company collaborates with various stakeholders across the hydrogen value chain, from feedstock providers to those involved in production, dispensing, and financing, to ensure a seamless supply of clean hydrogen to the market.
Moreover, Hyzon's leadership team has been strengthened with the appointment of Stephanie Mudgett as Head of Global Communications and Branding, and Dr. Christian Mohrdieck as Chief Technology Officer, boosting the company's strategic direction and operational capabilities.
For more detailed information and updates, visit Hyzon's official website.
Hyzon Motors, a hydrogen fuel cell system manufacturer, announced its intention to delist from the Nasdaq Stock Market. The company plans to file Form 25 with the SEC around March 4, 2025, with the delisting becoming effective 10 days later. Following delisting, Hyzon expects its Common Stock to trade on the OTC Markets, though this is not guaranteed.
The company's Board of Directors has also decided to deregister with the SEC, citing the significant costs associated with SEC reporting requirements and compliance with Sarbanes-Oxley Act regulations. This decision follows a January 23, 2025 determination letter from Nasdaq announcing the delisting of Hyzon's Common Stock and Warrants, which were suspended from trading on January 30, 2025.
The delisting decision was based on Hyzon's previously announced Plan of Dissolution, which awaits stockholder approval at a Special Meeting scheduled for February 27, 2025.
Hyzon (NASDAQ: HYZN), a hydrogen fuel cell system manufacturer, has issued a Worker Adjustment and Retraining Notification (WARN) Act notice to employees at its Bolingbrook, Illinois and Troy, Michigan facilities. The company cites funding difficulties and uncertainty regarding government subsidies, particularly the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project, as key factors affecting customer purchasing decisions. If Hyzon fails to secure funding or find a buyer, the workforce reduction is expected to complete by February 2025. The notice initiates a mandatory 60-day notice period before operations idling and employee layoffs.
Hyzon (NASDAQ: HYZN) has secured an order for two Fuel Cell Electric Trucks from South San Francisco Scavenger Co., including a refuse collection and Class 8 200kW truck. The order follows successful trials and is the company's second fuel cell refuse vehicle order, with the first received in October 2024 from GreenWaste.
The refuse collection FCET, built in collaboration with New Way Trucks, is North America's first of its kind. It demonstrates a range of at least 125 miles, can perform a minimum of 1,300 cart lifts per route, and achieves up to 300% increased fuel efficiency compared to traditional diesel trucks.
The order is subject to certain conditions, including the availability of applicable subsidies.
Hyzon has successfully completed a trial of North America's first hydrogen fuel cell electric refuse truck in partnership with Mt. Diablo Resource Recovery across various California locations. The trial, marking Hyzon's tenth successful test since July 2024, demonstrated the vehicle's effectiveness as a zero-emission alternative to diesel fuel.
Built in collaboration with New Way Trucks, the refuse collection truck showed consistent power over a range of at least 125 miles, handling at least 1,300 cart lifts and transfer station trips with up to 300% increased fuel efficiency compared to diesel trucks. Some route structures projected over 1,500 cart lifts on a single hydrogen fill.
Hyzon remains on schedule to complete customer trials with over 30 major fleets across both its refuse and Class 8 platforms by February 2025.
Hyzon announced key achievements in Q3 2024, including securing North America's first hydrogen-powered fuel cell electric refuse truck order from GreenWaste. The company achieved start-of-production for its 200kW fuel cell system and Class 8 fuel cell electric truck. Ten successful customer trials were completed, with majority in commercial negotiations. The company received ISO 9001 certification and demonstrated significant fuel efficiency improvements - refuse trucks showing 230-300% improvement over diesel. Cash and equivalents stood at $30.4 million, with monthly cash burn expected to reduce to $6.5 million by year-end.
Hyzon (NASDAQ: HYZN), a U.S.-based hydrogen fuel cell system manufacturer, has scheduled its third quarter 2024 earnings conference call for Wednesday, November 13, 2024, at 8:30 a.m. ET. Investors can join via phone using domestic (1-888-800-7840) or international (1-646-307-1856) numbers with access code 5240234. A live audio webcast will be available on Hyzon's investor relations website, with replay and transcript posted within 24 hours after the call.
Hyzon (NASDAQ: HYZN) announced the successful completion of a two-week trial of its Class 8 200kW Fuel Cell Electric Vehicle (FCEV) with IMC Logistics, the largest container drayage company in the U.S. The trial, conducted in Houston, covered over 1,000 miles and received positive driver feedback. This marks the eighth successful trial of Hyzon's 200kW Class 8 and refuse truck platforms since July 2024. The company has planned more than 20 large fleet trials across both truck platforms through February 2025, demonstrating its progress toward full commercial activation.
Hyzon has successfully completed a trial of its Class 8 200kW Fuel Cell Electric Vehicle (FCEV) truck with TALKE, a logistics provider for the chemical industry. The trial, conducted as part of TALKE's Houston drayage operations, demonstrated exceptional performance in hauling containers with smooth and quiet operation. This trial follows seven other successful demonstrations of Hyzon's 200kW FCEV truck and builds upon a previous 110kW trial from two years ago. The evaluation is part of TALKE's preparation for potential deployment of a larger FCEV fleet under various grant funding programs, where Hyzon's vehicles are being considered alongside competitors.
Hyzon (NASDAQ: HYZN) has secured an order for North America's first 12 hydrogen-powered refuse Fuel Cell Electric Vehicles (FCEVs) from GreenWaste. This landmark agreement marks a significant advancement in transforming the waste industry's trucking sector. Hyzon's FCEVs are the first hydrogen-powered refuse collection vehicles available for trial and purchase in North America.
The order follows GreenWaste's successful trial of Hyzon's refuse FCEV in the Bay Area. These zero-emission vehicles will support GreenWaste's sustainability goals, including a 45% reduction in Scope 1 and 2 greenhouse gas emissions by 2030. The FCEVs will be built in partnership with New Way Trucks, a leading refuse truck body manufacturer.
Deliveries are expected to begin as early as Q4 2025. This development aligns with Hyzon's recent announcement of starting production of its 200kW Fuel Cell System, enabling standardized manufacturing for commercial sale.
Hyzon (NASDAQ: HYZN) has secured ISO 9001 certification for its fuel cell manufacturing, design, and research and development activities. This certification, issued by Bureau Veritas, confirms that Hyzon's processes meet the highest international standards for quality management. The announcement coincides with Hyzon's Start of Production (SOP) of its innovative single-stack 200kW Fuel Cell System (FCS).
The ISO 9001:2015 certification underscores Hyzon's commitment to quality, safety, and continuous improvement. It ensures that modifications are implemented only after their maturity and impact on performance have been fully validated. This certification was secured on National Hydrogen Fuel Cell Day.
Hyzon also recently announced the SOP of its Class 8 200kW Fuel Cell Electric Truck (FCET) in collaboration with North Carolina-based Fontaine Modification. These developments highlight Hyzon's progress in manufacturing standardized FCSs at scale for commercial sale, furthering the decarbonization of heavy-duty industries.
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