24 Nov

PH2 sign term sheet with AKM Earth Pty Ltd

Call 02 9955 4008 or visit purehydrogen.com.au ASX Announcement Pure Hydrogen Corporation Limited Signs Term Sheet with AKM Earth Pty Ltd for Delivery of Seven Hydrogen Fuel Cell Trucks and Supply of Hydrogen ? After the recent buy-in to H2X, PH2’s newly established company ‘Pure X Mobility Pty Limited’ will develop and supply 7 Hydrogen Fuel Cell Trucks for AKM Earth’s Raw Skips business. ? Raw Skips hydrogen-powered trucks will be used for short-run, back-to-base pick-up and delivery of building waste around Brisbane, the Gold Coast and the Sunshine Coast ? Pure Hydrogen currently working with industrial users to supply back-to-base fueling solutions; off-take agreements and vehicle supply. Sydney: 24th November 2021, Australian East Coast Clean Energy Company, Pure Hydrogen Corporation Limited (ASX: PH2 or ‘Pure Hydrogen’) is pleased to announce that it has signed a term sheet for the supply of seven (7) Hydrogen Fuel Cell Trucks (‘HFCV trucks’) – (Hook Bin Trucks) together with the supply of Hydrogen fuel with AKM Earth Pty Limited (AKM) a provider of environmental management services throughout South East Queensland with the recycling & recovery of predominately construction & demolition waste streams. The HFCV trucks are extremely cost effective and deliver considerable fuel savings over their expected seven-year supply term. The trucks will be assembled in Australia and will be the first to be provided under the Pure X brand. The Hydrogen Fuel cells are about twice as efficient as standard internal combustion engines. The Hydrogen Trucks are based on existing Diesel gliders with the Diesel components removed and instead using H2X’s fuel cell powertrains. Green hydrogen will be provided to PH2 by CAC H2 under the terms of the arrangements recently announced by PH2 and CAC H2. Managing Director Scott Brown commented: “We are excited to work with AKM Earth to deliver these HFCV trucks using proven technology that Pure X Mobility brings. We believe this will be an excellent example of how we can bring zero emission commercial vehicles to market. Paving the way as a local business to set the standard in reducing emissions across their core business.” Call 02 9955 4008 or visit purehydrogen.com.au Pure Hydrogen Corporation Limited Image of a Raw Skips Truck AKM Representative Paul Weightman added: “We are delighted to signing this term sheet and we look forward to receiving our Hydrogen Fuel Cell Trucks which will allow us to cut fuel costs while reducing our carbon emissions.” Hydrogen Initiatives Update Pure Hydrogen has been in discussions with a range of large industrial users for back to base operations that are considering using Hydrogen Trucks. The Company has been working closely with well-known truck and bus manufacturers and is building a Hydrogen eco system that can provide hydrogen solutions including trucks, buses and work vehicles together with the hydrogen fuel to power these vehicles. -ends- For further information, please contact: Pure Hydrogen: Managing Director - Scott Brown +61 2 9955 4008 Released through: Ben Jarvis, Six Degrees Investor Relations, +61 (0) 413 150 448 Or visit the website www.purehydrogen.com.au About Pure Hydrogen Corporation Limited Pure Hydrogen is an Australian east coast focused Clean Energy Company with Hydrogen and Gas businesses. The Company has 5 Hydrogen projects under development and 3 gas projects, Windorah Gas Project in the Cooper Basin, Australia’s most prolific onshore producing petroleum basin, Project Venus CSG in the Surat Basin in Queensland and the Serowe Project CSG in Botswana. For further details www.purehydrogen.com.au Call 02 9955 4008 or visit purehydrogen.com.au Pure Hydrogen Corporation Limited About AKM Pty Limited AKM is a provider of environmental management services throughout SE Qld with the recycling & recovery of predominately construction & demolition waste streams. AKM Earth's commitment to sustainability and reducing the impact on quarries and landfills has led to the development of screening and recovering materials for better use. For further details www.akmearth.com
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