- Charbone (TSXV:CH) booked its first order in the United States, which will see it supply its Ultra High Purity hydrogen to a client in New York State working under a major Japanese industrial conglomerate
- Charbone is a hydrogen developer and producer with a growing industrial gas distribution platform throughout North America and select markets abroad
- The hydrogen stock has added 107.14 per cent year-over-year
Charbone (TSXV:CH) booked its first order in the United States, which will see it supply its Ultra High Purity (UHP) hydrogen to a client in New York State working under a major Japanese industrial conglomerate.
The client, located in a technology corridor known as America’s Tech Valley, de-risks Charbone in the eyes of the broader US market, where a domestic shortage – with virtually all hydrogen production being allocated to the petrochemical and fertilizer industries – highlights UHP’s emission-free production and up to 99.999 per cent purity, granting it diversified industrial appeal.
The company did not disclose the terms of the deal to protect its competitive position but will account for the added production and revenue in its next quarterly statement.
Management commentary
“Securing this first order for clean UHP hydrogen in the United States is a pivotal moment for Charbone,” Dave Gagnon, chairman and chief executive officer of Charbone, said in Wednesday’s news release. “Being selected by a client affiliated with a major Japanese conglomerate in New York State confirms the credibility of our platform, the quality of our UHP hydrogen and our ability to meet the demands of the technology markets in North America.”
About Charbone
Charbone is a hydrogen developer and producer with a growing industrial gas distribution platform throughout North America and select markets abroad. The company’s flagship production facility, Sorel-Tracy, is now active in Quebec.
Charbone stock (TSXV:CH) is unchanged trading for C$0.14 as of 9:48 am ET and has added 107.14 per cent year-over-year.
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