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Next Hydrogen Announces Expansion into New Assembly Facility

September 20, 2021

MISSISSAUGA, September 20, 2021 (GLOBENEWSWIRE) – Next Hydrogen Solutions Inc. (the “Company” or “Next Hydrogen“) (TSXV: NXH), a designer and manufacturer of hydrogen electrolyzers, is pleased to announce the opening of a new assembly facility in the Greater Toronto Area.

“We were fortunate to find such a well-suited and conveniently located space,” said Raveel Afzaal, President and CEO of Next Hydrogen. “This new facility will provide us with an initial 20MW of annual assembly capacity, which can be significantly expanded in a low-cost fashion as we continue to grow. We will be able to better serve our customers by co-locating our technical, engineering, assembly and after-service teams, and collaborating more effectively across business units.”

Located in Mississauga, Ontario, the new 27,000 square foot facility will provide capacity for product assembly, testing, product development and engineering, and leadership functions across Next Hydrogen. The Company expects to realize substantially improved processes, flow and scalability, with more efficient test capabilities and a reduction in lead times.

As Next Hydrogen’s world class team has grown, so has the need to unite the various functions within the company. The new facility boasts a hybrid work environment with an emphasis on recycled materials and employee well-being. Strict Covid-19 safety protocols are in place.

About Next Hydrogen
Founded in 2007, Next Hydrogen is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. Next Hydrogen’s unique cell design architecture supported by 38 patents enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. Following successful pilots, Next Hydrogen is scaling up its technology to deliver commercial solutions to decarbonize transportation and industrial sectors.

For further information, please contact:

Raveel Afzaal, President and Chief Executive Officer
Next Hydrogen Solutions Inc.
Email: rafzaal@nexthydrogen.com
Phone: 647-961-6620
www.nexthydrogen.com

 

Cautionary Statements
This news release contains “forward-looking information” and “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the risks associated with the hydrogen industry in general; delays or changes in plans with respect to infrastructure development or capital expenditures; the uncertainty of estimates and projections relating to costs and expenses; failure to obtain necessary regulatory approvals; health, safety and environmental risks; uncertainties resulting from potential delays or changes in plans with respect to infrastructure developments or capital expenditures; currency exchange rate fluctuations; as well as general economic conditions, stock market volatility; and the ability to access sufficient capital. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, there will be no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.