HYZON ANNOUNCES COMPLETION OF SUCCESSFUL TRIAL OF 200kW CLASS 8 FCEV TRUCK WITH TALKE
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 ha completato con successo un trial del suo camion elettrico a celle a combustibile (FCEV) di Classe 8 da 200 kW con TALKE, un fornitore di logistica per l'industria chimica. Il trial, condotto nell'ambito delle operazioni di drayage di TALKE a Houston, ha mostrato prestazioni eccezionali nel trasporto di container con un funzionamento silenzioso e fluido. Questo trial segue altri sette dimostrazioni di successo del camion FCEV da 200 kW di Hyzon e si basa su un precedente trial da 110 kW di due anni fa. La valutazione fa parte dei preparativi di TALKE per un'eventuale implementazione di una flotta FCEV più ampia sotto vari programmi di finanziamento, dove i veicoli di Hyzon sono in considerazione insieme ai concorrenti.
Hyzon ha completado con éxito una prueba de su camión eléctrico de celdas de combustible (FCEV) de Clase 8 de 200 kW con TALKE, un proveedor logístico para la industria química. La prueba, realizada como parte de las operaciones de transporte de TALKE en Houston, demostró un rendimiento excepcional en el transporte de contenedores con un funcionamiento suave y silencioso. Esta prueba sigue a otras siete demostraciones exitosas del camión FCEV de 200 kW de Hyzon y se basa en una prueba previa de 110 kW de hace dos años. La evaluación es parte de la preparación de TALKE para una posible implementación de una flota FCEV más grande bajo varios programas de financiación, donde los vehículos de Hyzon están siendo considerados junto a sus competidores.
Hyzon는 화학 산업의 물류 제공업체인 TALKE와 함께 200kW 연료전지 전기차(FCEV) 8급 트럭의 시험 운행을 성공적으로 완료했습니다. 이번 시험은 TALKE의 휴스턴 드레이지 작업의 일환으로 진행되었으며, 매끄럽고 조용한 운전으로 컨테이너 운반에서 뛰어난 성능을 보여주었습니다. 이번 시험은 Hyzon의 200kW FCEV 트럭에 대한 7건의 성공적인 시연에 이어진 것이며, 2년 전의 110kW 시험을 기반으로 합니다. 이번 평가는 TALKE가 다양한 보조금 프로그램에 따라 더 큰 FCEV 함대의 배치를 준비하는 일환으로, Hyzon의 차량이 경쟁업체와 함께 고려되고 있습니다.
Hyzon a réussi à compléter un essai de son camion électrique à hydrogène (FCEV) de Classe 8 de 200 kW avec TALKE, un fournisseur logistique pour l'industrie chimique. L'essai, réalisé dans le cadre des opérations de transport de TALKE à Houston, a démontré des performances exceptionnelles dans le transport de conteneurs avec un fonctionnement silencieux et fluide. Cet essai fait suite à sept autres démonstrations réussies du camion FCEV de 200 kW de Hyzon et s'appuie sur un précédent essai de 110 kW réalisé il y a deux ans. L'évaluation fait partie de la préparation de TALKE pour une éventuelle mise en service d'une flotte FCEV plus importante dans le cadre de différents programmes de financement, où les véhicules de Hyzon sont envisagés aux côtés des concurrents.
Hyzon hat einen Test seines 200 kW Brennstoffzellen-Elektrofahrzeugs (FCEV) der Klasse 8 erfolgreich abgeschlossen, welcher in Zusammenarbeit mit TALKE, einem Logistikdienstleister für die Chemieindustrie, durchgeführt wurde. Der Test, der im Rahmen der Drayage-Betriebe von TALKE in Houston stattfand, zeigte eine außergewöhnliche Leistung beim Transport von Containern mit einem ruhigen und reibungslosen Betrieb. Dieser Test folgt auf sieben weitere erfolgreiche Demonstrationen des 200 kW FCEV-Trucks von Hyzon und baut auf einem vorherigen Test von 110 kW vor zwei Jahren auf. Die Bewertung ist Teil der Vorbereitung von TALKE auf eine mögliche Einführung einer größeren FCEV-Flotte im Rahmen verschiedener Förderprogramme, bei denen die Fahrzeuge von Hyzon neben den Wettbewerbern in Betracht gezogen werden.
- Successful completion of Class 8 200kW FCEV truck trial with TALKE
- Demonstrated strong performance in real-world logistics operations
- Part of evaluation process for potential large fleet deployment
- Competing with other manufacturers for TALKE's grant-funded fleet deployment
- Final award of grant applications still pending
Insights
This trial marks a significant milestone in commercial hydrogen truck deployment, particularly in the demanding drayage sector. The successful 200kW FCEV trial with TALKE demonstrates meaningful progress in real-world applications, especially considering the challenging nature of chemical logistics operations.
The positive driver feedback regarding performance and comfort, coupled with the potential for large-scale deployment through grant funding, indicates growing market acceptance. However, investors should note that while trial success is promising, the competitive evaluation process and dependency on grant funding highlight ongoing market uncertainties. The progression from 110kW to 200kW systems shows technological advancement, but commercial viability will ultimately depend on securing substantial orders and establishing sustainable economics beyond grant support.
Trial Comes as Part of TALKE's Supplier Evaluation Ahead of Final Award of Grant Applications Which Could Fund a Large Fleet of Class 8 FCEV Trucks
"The success of this trial with TALKE aligns with the strong results we've seen across the seven other trials of our Class 8 200 kW Fuel Cell Electric Vehicle (FCEV) truck," said Hyzon Chief Executive Officer (CEO) Parker Meeks. "These consistent outcomes reinforce our confidence as we move toward full commercial activation, marking an exciting step forward in deploying hydrogen fuel cell solutions at scale."
Building on the success of its 110kW trial two years ago, the 200kW FCEV truck performed exceptionally well, effortlessly hauling containers with a smooth, dynamic, and impressively quiet operation.
"This trial is a key part of TALKE's preparations for zero-emission operations and aligns with our ongoing commitment to our global ESG program, #CraftingResponsibleLogistics," said Richard Heath, TALKE President and CEO.
The successful trial result is part of TALKE's preparation for potential deployment of a larger fleet of Class 8 FCEV trucks under various grant funding programs, for which Hyzon's Class 8 200kW FCEVs are being evaluated alongside competitors.
One of TALKE's professional drivers, Timothy (Tim) Rivon shared, "I've been driving my whole life, even came out of retirement because I love it. Change can be tough, but you can't beat the quieter ride and how smooth it drives."
About Hyzon
Hyzon is a global supplier of high-performance hydrogen fuel cell technology focused on providing zero-emission power to decarbonize demanding industries. With agile, high-power technology designed for heavy-duty applications, Hyzon is at the center of a new industrial revolution fueled by hydrogen, an abundant and clean energy source. Hyzon is focusing on deploying its fuel cell technology in heavy-duty commercial vehicles in Class 8 and refuse collection vehicles across North America, as well as new markets such as stationary power applications. To learn more about how Hyzon partners across the hydrogen value chain to accelerate the clean energy transition, visit www.hyzonfuelcell.com.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, express or implied forward-looking statements regarding the Company's expectations, hopes, beliefs, intentions, or strategies for the future. You are cautioned that such statements are not guarantees of future performance and that the Company's actual results may differ materially from those set forth in the forward-looking statements. All of these forward-looking statements are subject to risks and uncertainties that may change at any time. Factors that could cause the Company's actual expectations to differ materially from these forward-looking statements include the Company's ability improve its capital structure; its ability to achieve and maintain manufacturing volume targets; it receiving ISO certification; its liquidity needs to operate its business and execute its strategy, and related use of cash; its ability to raise capital through equity issuances, asset sales or the incurrence of debt; the possibility that Hyzon may need to seek bankruptcy protection; Hyzon's ability to fully execute actions and steps that would be probable of mitigating the existence of substantial doubt regarding its ability to continue as a going concern; our ability to enter into any desired strategic alternative on a timely basis, on acceptable terms; our ability to maintain the listing of our Common Stock on the Nasdaq Capital Market; retail and credit market conditions; higher cost of capital and borrowing costs; impairments; changes in general economic conditions; and the other factors under the heading "Risk Factors" set forth in the Company's Annual Report on Form 10-K, as supplemented by the Company's quarterly reports on Form 10-Q and current reports on Form 8-K. Such filings are available on our website or at www.sec.gov. You should not place undue reliance on these forward-looking statements, which are made only as of the date hereof. The Company undertakes no obligation to publicly update or revise forward-looking statements to reflect subsequent developments, events, or circumstances, except as may be required under applicable securities laws.
About TALKE
TALKE is one of the world's leading providers of logistics solutions for the world of chemistry. More than half of the world's top 50 chemical companies already rely on the services of this family-owned company, founded in 1947. TALKE unites 4,600 people on three continents under its roof. With pioneering spirit, expertise, and dedication, they turn chemical logistics into a catalyst for future success. Responsibility and safety are key drivers: TALKE thinks and acts in terms of generations - for a better society, for a sustainable environment, and for healthy and satisfied employees.
Today's core competencies are transport, packaging, storage and handling of hazardous and harmless substances of all aggregate states. TALKE also advises on, designs and implements logistics processes, buildings and facilities. Digital services round out the portfolio of customized customer solutions. Offering all these competencies from a single source along the entire supply chain is a unique selling point of TALKE and a key customer benefit.
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SOURCE Hyzon
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