Charbone Hydrogen Announces the Signing of a MOU with Oakland County in Michigan to Develop and Construct First Green Hydrogen Production Facility in the United States of America

CHARBONE HYDROGEN CORPORATION (TSXV:CH) (OTC:CHHYF) (FWB:K47)



(“

Charbone

”) is happy to announce that it has executed a Memorandum of Understanding (the “

MOU

”) as of December 1, 2023 with Michigan’s Oakland County Financial Improvement Division (the “

OCED

”) that may set the stage for Charbone’s first inexperienced hydrogen facility in the US. Oakland County is the house of dozens of main automotive corporations together with quite a few world headquarters, North American headquarters, and R&D services.

The executed MOU between the events will present Charbone with a powerful native associate for negotiations with native authorities, assist within the closing web site choice course of, undertaking improvement and allowing assist for actions associated to its first facility in the US, and help growing a regional ecosystem and hub. OCED will assist Charbone alongside different stakeholders such because the Detroit Regional Partnership (DRP) and the Michigan Financial Improvement Company (MEDC). The aforementioned companions have already supplied extraordinary assist to Charbone in current months by arranging a number of conferences with automotive OEM’s, native stakeholders, and future potential hydrogen customers. Charbone goals to develop a community of inexperienced hydrogen manufacturing services within the North American market and has already introduced 4 services in Canada, together with one already underneath building in Quebec.

“

This MOU with Oakland County situated within the North American fireplace of the auto manufacturing business is large and thrilling milestone for Charbone because it positions us as a brand new participant and chief within the improvement and building of modular and scalable manufacturing services in Detroit in what has been contemplate to be the cradle of the automaking in North America


,”


mentioned Dave B. Gagnon, Chairman and CEO of Charbone



.



“Charbone’s workforce will work laborious to suggest a undertaking in line with the decarbonization and sustainability aims and objectives of the Oakland County, Michigan and the nation, and I need to add that we’re actually proud of the assist and the welcome that our undertaking has been receiving and the connection that we’ve got constructed”.

“The potential that Charbone Hydrogen Corp. brings to Oakland County and Michigan is thrilling on so many fronts. The inexperienced hydrogen facility will bolster our efforts to broaden environmentally pleasant mobility choices for the automotive business,”


mentioned Oakland County Government Dave Coulter.


“This can be a excellent instance of how collaboration on a neighborhood, state and federal stage can assist produce a world settlement that holds a lot promise.”

About Charbone Hydrogen Company

Charbone is a inexperienced hydrogen group established in North America. The corporate’s technique is to develop modular and expandable hydrogen services and regional hubs. Charbone will be capable of produce inexperienced dihydrogen molecules utilizing dependable and sustainable vitality as a way to distinguish itself as a provider of an ecological resolution for industrial, business and mobility customers.

About Oakland County

Oakland County Financial Improvement is Oakland County’s foremost advocate for enterprise and neighborhood improvement, main the cost for an financial system that accounts for over 20% of the state’s GDP and is host to over 750 foreign-owned corporations. The division focuses on bettering the well-being of almost 1.3 million Oakland County residents in partnership with 62 cities, villages and townships by way of efforts that entail job creation, job retention, tax base enhancements and high quality of life enhancements. For extra data on Oakland County financial improvement and our initiatives, go to

www.advantageoakland.com

Ahead-Trying Statements

This information launch comprises statements which are “forward-looking data” as outlined underneath Canadian securities legal guidelines (“forward-looking statements”). These forward-looking statements are sometimes recognized by phrases comparable to “intends”, “anticipates”, “expects”, “believes”, “plans”, “doubtless”, or related phrases. The forward-looking statements mirror administration’s expectations, estimates, or projections regarding future outcomes or occasions, based mostly on the opinions, assumptions and estimates thought of cheap by administration on the date the statements are made. Though Charbone believes that the expectations mirrored within the forward-looking statements are cheap, forward-looking statements contain dangers and uncertainties, and undue reliance shouldn’t be positioned on forward-looking statements, as unknown or unpredictable components might trigger precise outcomes to be materially totally different from these mirrored within the forward-looking statements. The forward-looking statements could also be affected by dangers and uncertainties within the enterprise of Charbone. These dangers, uncertainties and assumptions embody, however usually are not restricted to, these described underneath “Danger Components” within the Company’s Submitting Assertion dated March 31, 2022, which is offered on SEDAR at

www.sedar.com

; they might trigger precise occasions or outcomes to vary materially from these projected in any forward-looking statements.

Besides as required underneath relevant securities laws, Charbone undertakes no obligation to publicly replace or revise forward-looking data.

Neither TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch


.

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