HYZN - Hyzon Motors to establish Australian Headquarters
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Hyzon Motors Inc.(NASDAQ: HYZN), Melbourne will be home to Hyzon Motors Australia'sheadquarters, under a new partnership agreement between the RACV andHyzon, a global leader in zero-emissions hydrogen powered commercialvehicles.
Underthe agreement, Hyzon Motors in conjunction with the RACV at theirNoble Park location, will develop a purpose-built facility includingcorporate offices, showroom, assembly warehousing and workshop,expected to generate over 100 localized engineering and manufacturingjobs by 2025, with hundreds more indirect jobs expected through thesupply chain.
Thepartnership also includes a first order of hydrogen powered vehiclesfor RACV-owned subsidiary Nationwide Group, the first order of suchvehicles for a Towing company in Australia. These will be trialed byNationwide Group on arrival which is scheduled for end 2022.
Hyzon Motors is expectedto deliver three locally manufactured Hyzon HyMax TT7 tilt-tray trucksand one of Hyzon's fully imported HyMax prime movers, to theNationwide Group.
Managing Director for Hyzon Motors in Australia and NewZealand, John Edgley, said today’s announcement was exciting newsnot just for the local economy, but for Australia’s energytransition aspirations and the manufacturing jobs of the future.
“We are focusedon generating new jobs, new manufacturing and technology facilities,and a fundamentally new industry in Australia and New Zealand, thatwill underpin a sustainable future for the region,” Mr Edgley said.
“Withgovernments across Australia and New Zealand shifting their focustowards hydrogen as a cost-competitive and zero-emission fuel source,Hyzon stands ready to support and partner on key projects andinitiatives.
“Hyzon has already hit the ground running in the region, withscheduled 2022 deliveries including coaches to Fortescue Metals inWestern Australia, Prime movers to Coregas in NSW and TR Group in NewZealand, Road train prime movers to Ark Energy in Queensland and theHyMax GSL garbage trucks with Superior Pak across the region.
“The opportunity topartner and work with the RACV, a trusted brand, across the home,motoring, mobility, energy and leisure sectors is an exciting prospectfor our business.”
RACV Chief Executive Officer, Neil Taylor, said the partnershipwith Hyzon Motors aligned with the company’s objective to support acleaner energy future.
“RACV is a strong supporter of the transition to a cleanerenergy future. We have a purchase power agreement with Snowy Hydrowhich covers all our company owned sites in Victoria, are a major andfast-growing player in the Solar Installation Market via RACV Solarand have other investments in Cleaner Energy such as Chargefox,Restart EV and have installed Solar Power at all RACV VictorianResorts,” Mr Taylor said.
“We see building a bigger portfolio of CleanerEnergy assets and businesses as a strong part of RACV’s future, bothwithin Victoria and across Australia.
"Our partnership with Hyzon Motors is thefirst of its kind in Victoria and will generate new local jobs andcontribute significantly to a cleaner energy future over many years tocome.
NationwideGroup Chief Executive Officer, Michael Stephenson, said the businesswas excited to be exploring how hydrogen can play a part in the futureof road transport in Australia.
“Nationwide is keen to assess the performance ofthese vehicles in a real-world test for towing and transport and isthrilled to be part of this new industry leading partnership,” MrStephenson said.
About Hyzon
Hyzon is a global leader in fuel cell electricmobility, with US operations in the Rochester, Chicago and Detroitareas, and international operations in the Netherlands, China,Singapore, Australia, and Germany. Hyzon is an energy transitionaccelerator and technology innovator, providing end-to-end solutionsprimarily for the commercial mobility sector with a focus on thecommercial vehicle market and hydrogen supply infrastructure.Utilizing its proven and proprietary hydrogen fuel cell technology,Hyzon aims to supply zero-emission heavy duty trucks and buses tocustomers in North America, Europe and around the world to mitigateemissions from diesel transportation, which is one of the singlelargest sources of carbon emissions globally. The Company iscontributing to the escalating adoption of fuel cell electric vehiclesthrough its demonstrated technology advantage, leading fuel cellperformance and history of rapid innovation. Visitwww.hyzonmotors.com.
Forward-Looking Statements
This press release includes “forward-lookingstatements” within the meaning of Section 27A of the Securities Actof 1933, as amended, and Section 21E of the Securities Exchange Act of1934, as amended. All statements, other than statements of present orhistorical fact included in this press release, are forward-lookingstatements. When used in this press release, the words “could,”“should,” “will,” “may,” “believe,” “anticipate,”“intend,” “estimate,” “expect,” “project,” thenegative of such terms and other similar expressions are intended toidentify forward-looking statements, although not all forward-lookingstatements contain such identifying words. These forward-lookingstatements are based on management’s current expectations andassumptions about future events and are based on currently availableinformation as to the outcome and timing of future events. Except asotherwise required by applicable law, Hyzon disclaims any duty toupdate any forward-looking statements, all of which are expresslyqualified by the statements in this section, to reflect events orcircumstances after the date of this press release. Hyzon cautions youthat these forward-looking statements are subject to numerous risksand uncertainties, most of which are difficult to predict and many ofwhich are beyond the control of Hyzon, including risks anduncertainties described in the “Risk Factors” section of Hyzon’sdefinitive proxy statement on Schedule 14A filed with the U.S.Securities and Exchange Commission (the “SEC”) on June 21, 2021,our Registration Statement on Form S-1 filed with the SEC on July 30,2021, and other documents filed by Hyzon from time to time with theSEC. These filings identify and address other important risks anduncertainties that could cause actual events and results to differmaterially from those contained in the forward-looking statements.Hyzon gives no assurance that Hyzon will achieve its expectations.
For Australia/NewZealand media inquires:
Murray Newton
External Relations Manager – Hyzon ANZ
0433 947 150
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Kivvit
Sam Chappell
HyzonMotors Investor Relations
Darla Rivera
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