18:46:26 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
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Next Hydrogen Solutions Inc
Symbol NXH
Shares Issued 22,903,468
Close 2023-12-12 C$ 0.68
Market Cap C$ 15,574,358
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Next Hydrogen receives purchase order from Casale

2023-12-13 10:19 ET - News Release

Mr. Raveel Afzaal reports

NEXT HYDROGEN SECURES FOLLOW ON PURCHASE ORDER FROM CASALE

Next Hydrogen Solutions Inc. has received a purchase order from Casale for development work related to integration of Next Hydrogen's next-generation products for use in Casale's green ammonia and methanol systems.

This work advances the partnership between Next Hydrogen and Casale established under the previously announced memorandum of understanding. The purchase order will support testing various operational profiles of Next Hydrogen's unique electrolyzers to allow their optimization and integration into Casale's green ammonia and methanol plants.

"We are delighted to rapidly move forward with this important work with Casale, which is a leading provider of process technologies for ammonia and methanol plants globally," said Raveel Afzaal, president and chief executive officer of Next Hydrogen. "This order marks the first step of our partnership with Casale and lays the groundwork for market demonstrations contemplated under our MOU."

About Next Hydrogen Solutions Inc.

Founded in 2007, Next Hydrogen is a designer and manufacturer of water electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as a green energy source or a green industrial feedstock. Next Hydrogen's unique cell design architecture supported by 40 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.

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