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HYZON FUELS THE FUTURE WITH START OF PRODUCTION FOR CLASS 8 200KW FUEL CELL ELECTRIC TRUCK PRODUCTION

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Hyzon (NASDAQ: HYZN) has announced the Start of Production (SOP) for its Class 8 200kW Fuel Cell Electric Truck (FCET), marking a significant milestone in zero-emission heavy-duty transportation. The company, in collaboration with Fontaine Modification, is transitioning from prototype to series production of its innovative FCET.

Key features of Hyzon's Class 8 200kW FCET include:

  • A single stack 200kW fuel cell system
  • 30% lighter and smaller than two 110kW systems combined
  • 25% more cost-efficient than traditional systems

Hyzon expects to declare SOP on its unique single stack 200kW Fuel Cell System at its Bolingbrook facility in the coming weeks. The company also anticipates achieving ISO 9001 certification in Q4 2024, further solidifying its position in the zero-emission heavy-duty vehicle market.

Hyzon (NASDAQ: HYZN) ha annunciato l'inizio della produzione (SOP) del suo Camion Elettrico a Celle Combustibili da 200kW Classe 8 (FCET), segnando un'importante pietra miliare nel trasporto pesante a zero emissioni. L'azienda, in collaborazione con Fontaine Modification, sta passando dal prototipo alla produzione di serie del suo innovativo FCET.

Le caratteristiche principali del FCET Classe 8 200kW di Hyzon includono:

  • Un singolo sistema di celle combustibili da 200kW
  • 30% più leggero e compatto rispetto a due sistemi da 110kW combinati
  • 25% più economico rispetto ai sistemi tradizionali

Hyzon prevede di dichiarare l'inizio della produzione del suo unico sistema a celle combustibili da 200kW nel suo stabilimento di Bolingbrook nelle prossime settimane. L'azienda si aspetta anche di ottenere la certificazione ISO 9001 nel quarto trimestre del 2024, consolidando ulteriormente la sua posizione nel mercato dei veicoli pesanti a zero emissioni.

Hyzon (NASDAQ: HYZN) ha anunciado el inicio de la producción (SOP) de su Camión Eléctrico de Celda de Combustible de 200kW Clase 8 (FCET), marcando un hito significativo en el transporte pesado de cero emisiones. La empresa, en colaboración con Fontaine Modification, está pasando de prototipos a producción en serie de su innovador FCET.

Las características clave del FCET Clase 8 200kW de Hyzon incluyen:

  • Un sistema de celda de combustible de 200kW de apilamiento único
  • 30% más ligero y compacto que la combinación de dos sistemas de 110kW
  • 25% más rentable que los sistemas tradicionales

Hyzon espera declarar el inicio de la producción de su singular sistema de celda de combustible de 200kW en su instalación de Bolingbrook en las próximas semanas. La empresa también anticipa obtener la certificación ISO 9001 en el cuarto trimestre de 2024, lo que solidificará aún más su posición en el mercado de vehículos pesados de cero emisiones.

하이존 (NASDAQ: HYZN)은 클래스 8 200kW 연료전지 전기 트럭 (FCET)의 생산 시작(SOP)을 발표하며, 제로 배출 중량급 운송의 중요한 이정표를 나타냅니다. 이 회사는 Fontaine Modification과 협력하여 혁신적인 FCET의 프로토타입에서 일괄 생산으로 전환하고 있습니다.

하이존의 클래스 8 200kW FCET의 주요 특징은 다음과 같습니다:

  • 단일 스택 200kW 연료 전지 시스템
  • 결합된 두 개의 110kW 시스템보다 30% 더 가볍고 작음
  • 전통적인 시스템에 비해 25% 더 비용 효율적임

하이존은 향후 몇 주 안에 بول링브룩 시설에서 단일 스택 200kW 연료 전지 시스템의 SOP를 선언할 것으로 예상하고 있습니다. 이 회사는 또한 2024년 4분기까지 ISO 9001 인증을 달성할 것으로 예상하며, 제로 배출 중량급 차량 시장에서의 입지를 더욱 강화할 것입니다.

Hyzon (NASDAQ: HYZN) a annoncé le début de la production (SOP) de son Camion Électrique à Pile à Hydrogène de 200kW Classe 8 (FCET), marquant un jalon significatif dans le transport lourd sans émission. L'entreprise, en collaboration avec Fontaine Modification, passe du prototype à la production en série de son FCET innovant.

Les caractéristiques clés du FCET Classe 8 200kW de Hyzon incluent :

  • Un système de pile à hydrogène de 200kW avec une seule pile
  • 30% plus léger et plus compact que deux systèmes de 110kW combinés
  • 25% plus rentable que les systèmes traditionnels

Hyzon s'attend à déclarer le début de la production de son système de pile à hydrogène unique de 200kW dans son usine de Bolingbrook dans les semaines à venir. L'entreprise prévoit également d'obtenir la certification ISO 9001 au quatrième trimestre 2024, consolidant ainsi davantage sa position sur le marché des véhicules lourds sans émissions.

Hyzon (NASDAQ: HYZN) hat den Produktionsstart (SOP) für seinen Klasse 8 200kW Brennstoffzellen-Elektro-Lkw (FCET) angekündigt, was einen bedeutenden Meilenstein im Bereich der emissionsfreien schweren Verkehrsmittel darstellt. Das Unternehmen wechselt in Zusammenarbeit mit Fontaine Modification von Prototypen zur Serienproduktion seines innovativen FCET.

Wichtige Merkmale des 200kW FCET der Klasse 8 von Hyzon sind:

  • Ein einzelnes 200kW Brennstoffzellensystem
  • 30% leichter und kompakter als zwei kombinierte 110kW Systeme
  • 25% kosteneffizienter als herkömmliche Systeme

Hyzon plant, in den kommenden Wochen den SOP für sein einzigartiges einzelnes 200kW Brennstoffzellensystem in seinem Werk in Bolingbrook zu erklären. Das Unternehmen erwartet zudem, im vierten Quartal 2024 die ISO 9001-Zertifizierung zu erreichen, was seine Position im Markt für emissionsfreie schwere Fahrzeuge weiter festigen wird.

Positive
  • Start of Production for Class 8 200kW Fuel Cell Electric Truck
  • Collaboration with Fontaine Modification for vehicle assembly and production
  • Single stack 200kW fuel cell system is 30% lighter, smaller, and 25% more cost-efficient than two 110kW systems combined
  • Expected ISO 9001 certification in Q4 2024
Negative
  • None.

Hyzon's Start of Production (SOP) for its Class 8 200kW Fuel Cell Electric Truck marks a significant milestone in the zero-emission heavy-duty transportation sector. The collaboration with Fontaine Modification for assembly demonstrates a strategic approach to scaling production efficiently. The single stack 200kW fuel cell system is a game-changer, offering 30% weight and size reduction and 25% cost efficiency improvement over dual 110kW systems.

This advancement positions Hyzon competitively in the rapidly evolving hydrogen truck market. The imminent ISO 9001 certification will likely boost customer confidence and potentially open doors to larger contracts. However, investors should closely monitor production ramp-up and initial customer feedback to gauge market acceptance and potential scaling challenges.

Hyzon's achievement represents a important step in decarbonizing the trucking industry, a sector notoriously difficult to electrify due to power and range requirements. The 200kW FCET addresses these challenges head-on, potentially accelerating the adoption of hydrogen fuel cell technology in heavy-duty transport. This could have ripple effects across the hydrogen economy, stimulating demand for green hydrogen production and fueling infrastructure.

From an economic perspective, the 25% cost efficiency improvement in the fuel cell system is particularly noteworthy. If this translates to competitive Total Cost of Ownership (TCO) compared to diesel trucks, it could drive faster market penetration. Investors should watch for partnerships with major fleet operators and any government incentives that could further boost adoption rates.

Hyzon's partnership with Fontaine Modification for vehicle assembly is a smart move that leverages existing automotive expertise while allowing Hyzon to focus on its core fuel cell technology. This modular approach, where Hyzon provides key components as kits, could enable faster scaling and potentially reduce production costs. However, it also introduces supply chain complexities that need careful management.

The transition from prototype to series production is a critical phase. Investors should monitor key performance indicators such as production yield, quality control metrics and delivery timelines. Any delays or quality issues could impact Hyzon's market position. The expected ISO 9001 certification in Q4 2024 will be important for ensuring consistent quality across the supply chain and could open doors to more conservative fleet customers who prioritize reliability and standardization.

Company Marks Major Milestone Paving the Way for Zero-Emission Heavy-Duty Transportation 

BOLINGBROOK, Ill., Sept. 16, 2024 /PRNewswire/ -- Hyzon (NASDAQ: HYZN) ("Hyzon" or the "Company"), a U.S.-based high-performance hydrogen fuel cell system manufacturer and technology developer focused on providing zero-emission power to decarbonize the most demanding industries, today announced the Start of Production (SOP) of its innovative Class 8 200kW Fuel Cell Electric Truck (FCET). This milestone signals that  through its collaboration with North Carolina-based Fontaine Modification, the company can now begin production of its 200kW FCET.

"Today marks the beginning of a new chapter for 'hard-to-decarbonize' heavy-duty industries, as Hyzon sets the standard for high-performance, zero-emission alternatives to diesel," said Hyzon Chief Executive Officer Parker Meeks. "Our Class 8 200kW FCET is the culmination of years of engineering, and today we are proud to announce it has evolved from a prototype to a vehicle ready for full production, empowering fleet operators to reduce emissions without sacrificing power, range, or reliability."

With the finalization of its first 200kW Class 8 vehicle built using production parts and processes, Hyzon's Class 8 truck platform now transitions from prototype to series production. This milestone comes as Hyzon expects to declare SOP on its unique single stack 200kW Fuel Cell System (FCS) at its Bolingbrook facility – one of the largest fully-integrated fuel cell systems production facilities in the United States and the only 200kW plus single-stack fuel system to be launched into serial production – in the next few weeks.

As part of the development of the FCET, Hyzon has arranged for Fontaine Modification to perform vehicle assembly and production in Charlotte, North Carolina. Hyzon provides Fontaine with kits for the fuel cell system, battery packs, and hydrogen storage systems. Fontaine assembles these into vehicle chassis, ensuring each truck is road ready. As part of the SOP, Fontaine has confirmed the necessary equipment, documentation, and processes are in place for series production. 

The Class 8 200kW FCET features a single stack 200kW fuel cell system, which is 30% lighter and smaller, and 25% more cost-efficient than using two 110kW systems combined. This revolutionary, high-power density design allows for a compact, powerful vehicle that meets the operational demands of heavy-duty road transport.

Additionally, Hyzon expects to achieve ISO 9001 – the world's most recognized quality management standard -- certification in Q4 2024.

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; Hyzon's 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.

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SOURCE Hyzon

FAQ

What is the significance of Hyzon's Start of Production for the Class 8 200kW Fuel Cell Electric Truck?

The Start of Production for Hyzon's Class 8 200kW Fuel Cell Electric Truck marks a major milestone in zero-emission heavy-duty transportation, transitioning from prototype to series production and offering a powerful, efficient alternative to diesel trucks.

What are the key features of Hyzon's 200kW Fuel Cell System for the FCET?

Hyzon's 200kW Fuel Cell System for the FCET features a single stack design that is 30% lighter and smaller, and 25% more cost-efficient than using two 110kW systems combined, allowing for a compact and powerful vehicle.

When does Hyzon (HYZN) expect to achieve ISO 9001 certification?

Hyzon (HYZN) expects to achieve ISO 9001 certification, the world's most recognized quality management standard, in Q4 2024.

Who is Hyzon collaborating with for the production of its Fuel Cell Electric Trucks?

Hyzon is collaborating with Fontaine Modification, based in North Carolina, for the assembly and production of its Fuel Cell Electric Trucks.

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