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Pow.re secures 100 MW of renewable power in Paraguay and welcomes two industry veterans to the advisory board

MONTREAL (QC), CANADA – Media OutReach – 8 March 2023 – Pow.re Holdings Limited (“Pow.re” or the “Company”), a high-density computing (“HDC”) and fintech enterprise, has entered into a binding agreement with a local partner to secure a 100 MW power allocation at a fixed rate for 5 years from ANDE’s newly built Yguazu substation in Paraguay.

This week, construction began on the power transformation and computation center infrastructure at Pow.re’s 8.5 hectare site directly adjacent to ANDE’s newly commissioned substation.

On February 26th, 2023, ANDE, Paraguay’s national public utility, energized the first of three 500 kV transmission lines between the Itaipu dam and Yguazu. ANDE President, Felix Sosa, announced on Twitter that Paraguay would “for the first time in history be able to withdraw 100% of the power corresponding to it in the ITAIPU Binacional, thus achieving our national energy sovereignty”. The Itaipu dam is the third largest in the world with a 14 GW production capacity, the ITAIPU Binacional agreement entitles Paraguay and Brazil to consume 50% of this capacity each (historically, Paraguay has sold the bulk of its share of Itaipu power capacity to Brazil).

The project is a singular opportunity to generate emission-free computing power from a world-class hydroelectric power plant, made even more timely as the US energy sector has been plagued with soaring electricity prices due to regional reliance on natural gas. Pow.re Director of Engineering, Maxime Bisaillon stated, ”This is a unique opportunity to access a large amount of 100% renewable power at a competitive price. We believe this set of circumstances doesn’t exist anywhere else in the world” adding, “This further validates our position that stranded sustainable power can be put to use for the mutual benefit of green power producers like Paraguay and HDC enterprises like Pow.re”

When fully operational, the Yguazu site would allow Pow.re to produce an additional estimated 4.5 EH/s (exahash per second) of computing power.

In conjunction with deploying this project, the Company also welcomes Andres Romero and Matthew Carson as advisors. Mr. Romero has an extensive understanding of the South American business landscape and the digital asset mining sector, while Mr. Carson brings a wealth of experience deploying large-scale projects such as Project Spokane and Whinstone. Both advisors formerly held positions at Canaan Creative (NASDAQ: CAN) and Northern Data (ETR: NB2) and are respected industry veterans that will help advance the Company’s business development goals.

Hashtag: #Pow.re

The issuer is solely responsible for the content of this announcement.

About Pow.re Holdings Limited

Pow.re is a high-density computing operator deploying data centers in proximity to sustainable stranded energy sources to produce computing power. Pow.re will leverage its growing production to commodify computing power markets for hedging and investment.

Company Website :
LinkedIn :
Twitter : @powremines

Omnichat unveils AI Chatbot integrated with ChatGPT, empowering chat commerce in multiple messaging platforms

HONG KONG SAR – Media OutReach – 8 March 2023 – Omnichat as a leading omni-channel chat commerce solution provider, launches “Omni AI” – a new chatbot integrated with ChatGPT 3.5. The integration has created seamless communications with artificial intelligence across multiple messaging platforms covering WhatsApp, Facebook Messenger, Instagram, LINE. Leveraging the most advanced AI language model, Omni AI serves as a digital assistant of retailers to handle customers’ enquiry, recommend products as well as facilitate marketing campaign planning with automated customer support, marketing and sales service.

Omnichat launches AI Chatbot integrated with ChatGPT, applying in WhatsApp, Facebook, Instagram & LINE with automated customer service, marketing and sales.
Omnichat launches AI Chatbot integrated with ChatGPT, applying in WhatsApp, Facebook, Instagram & LINE with automated customer service, marketing and sales.

Achieving 300% Annual Recurring Revenue (ARR) growth in the past three consecutive years, Omnichat empowers 5,000+ companies around the globe including OSIM, Timberland, Logitech, Sa Sa, Venchi, Eu Yan Sang, etc. In 2022, the company helped retailers generate US$600 million in Gross Merchandise Value, which was a 230% YoY growth. Daily active social messenger users through Omnichat reached 23 million and the conversion rate facilitated by Omnichat was 500% higher than the average of eShop.

The incorporation of ChatGPT into Omnichat’s all-in-one messaging platform marks a significant development in transforming customer engagement through AI-powered chatbots. “With its conversational capabilities, Omni AI is more capable to understand the preference of customers and facilitate retailers to generate higher conversions across multiple messaging platforms,” Alan Chan, Founder & CEO of Omnichat remarked. “Combing with our online-merge-offline sales solution and customer journey which pair with revenue tracking across online and offline channels, we are excited to see how Omni AI can further enable retailers to drive revenue growth to the next level.”

With a presence in Asia Pacific, Omnichat is planning to expand to global markets within this year. The team grows 5 times from 2022 to over 100 staff now. The company is looking for the next round of funding. “With the power of OpenAI’s ChatGPT technology, we aim to develop the first US$10 billion SaaS company in Asia in future,” Alan said.

For more information or request a trial of Omni AI, please visit
https://blog.omnichat.ai/chatgpt-202303/

Hashtag: #Omnichat

The issuer is solely responsible for the content of this announcement.

About Omnichat:

Founded in 2017, Omnichat is an omni-channel chat commerce solution provider that centralises customers’ conversations from WhatsApp Business Platform, Facebook Messenger, Instagram, LINE, WeChat and website live chat into a single platform to enhance efficiency.

Leveraging online-merge-offline(OMO) sales integration, marketing automation, chatbots as well as customer service platform, Omnichat is committed to empowering brands to deliver personalised shopping experience and drive smart retail transformation.

Website:
WhatsApp:
Facebook:
LinkedIn:

ChangeNOW Plans to Apply for a Hong Kong SFC Crypto Trading License After Rapid User Growth in the City

HONG KONG SAR – Media OutReach – 8 March 2023 – ChangeNOW, a cryptocurrency exchange platform, has released statistics on its users in Hong Kong, whose numbers have soared in the past few weeks. Furthermore, the exchange announced its plans to apply for a license from the Hong Kong Securities and Futures Commission (SFC) to provide crypto trading services in the city under the new regulatory framework.

ChangeNOW’s metrics indicate that Hong Kong users are highly interested in the platform. Its Hong Kong user base has grown by 62% in February compared to January, according to its figures, showing a steady upswing in demand.

Based on a survey of 389,345 people across 26 countries, the Finder 2022 Cryptocurrency Adoption Index ranks Hong Kong fourth for its adoption of cryptocurrencies. According to it, there are approximately 1.4 million crypto owners in Hong Kong, which represents a 21% ownership rate, higher than the global average of 15%.

The sudden rise in popularity of ChangeNOW in Hong Kong is most probably triggered by a combination of several factors. These include ChangeNOW’s good name, extensive product and service infrastructure, an innovative customer service model, along with low fees and fast transaction times.

ChangeNOW has a well-earned reputation for being a trustworthy crypto exchange. This is especially after the case in late 2021 when it returned over $15 million in crypto to Compound, which lost over $89 million due to a system bug. In total, ChangeNOW was able to recover over $19 million in crypto funds.

Over 3.5M users worldwide have taken advantage of the platform’s ecosystem built over 6.5 years of operation. Aside from its native non-custodial NOW Wallet, ChangeNOW also offers a portfolio tracker and crypto payment service. In addition, it provides an affiliate program and custody solutions for businesses.

Beginners will find the platform’s interface easy to use, and Mandarin localization aims to make it accessible to Chinese-speaking Hong Kong residents. ChangeNOW allows Hong Kong users to buy, sell, and exchange more than 800 crypto assets and 40 fiat currencies, including HKD and USD, through a mobile and web-friendly interface.

However, ChangeNOW’s key feature is its non-custodial nature. The crypto industry is still reeling from the FTX/Almeda scandal, involving Bankman-Fried and his fellow founders stealing $8 billion from FTX customers’ crypto deposits for Alameda’s own purposes. This is a major reason for ChangeNOW’s growing popularity in Hong Kong, as its non-custodial model ensures that there is no risk of users’ funds being misused in any way.

Additionally, the platform’s fixed rate options along with the fees built into the exchange rate, make it a popular choice among users who prefer to know what they’re getting up front.

Although other exchanges have also announced expansion plans in Hong Kong, the number of Hong Kongers exchanging assets with ChangeNOW continues to rise. This highlights the fact that ChangeNOW’s user base is growing in the region despite the increased competition.

With its licensing plans in Hong Kong, ChangeNOW further cements its commitment to bringing cryptocurrency exchange services on an international scale in an efficient, compliant manner.

Hashtag: #changeNOW, #wallet, #exchanger #buy #crypto


The issuer is solely responsible for the content of this announcement.

ChangeNOW

AsiaInfo Technologies Announces 2022 Annual Results

Revenue Up by 12.2%, Net Profit Rebounded in 2H 2022 with Net Profit Margin Stood at 10.7%

Results Highlights:

  • Maintained a good momentum in overall business development with a growth of more than 10% in new orders year-on-year.
  • Revenue amounted to RMB7,738 million, a year-on-year increase of 12.2%.
  • Revenue from the Three New business* amounted to RMB2,573 million, a year-on-year increase of 64.2%, accounted for 33.3% of total revenue.
  • Gross profit amounted to RMB2,939 million, a year-on-year increase of 11.1%.
  • Profit for the Year amounted to RMB824 million, a year-on-year increase of 5.4%.
  • Net profit margin reached 10.7%, a slight decrease of 0.6 percentage point year-on-year.
  • Proposed a final dividend of HK$0.401 per Share with an annual dividend payout ratio of 40%.

Note*: Three New business represents digital intelligence-driven operation, vertical industries and enterprise cloudification, and Operation Support Systems (“OSS”)

HONG KONG SAR – Media OutReach – 7 March 2023 – AsiaInfo Technologies Limited (“AsiaInfo Technologies” or the “Company”, which together with its subsidiaries, is referred to as the “Group”; HKEX stock code: 1675), is pleased to announce its annual results for the year ended 31 December 2022 (the “Year”).

Overall results

In 2022, AsiaInfo Technologies adhered to the strategy of “One consolidation, Three developments”, and achieved a double-digit growth in revenue. Its revenue amounted to RMB7,738 million, increased by 12.2% year-on-year. Among which, revenue from the Three New business maintained a rapid growth and amounted to RMB2,572 million, increased by 64.2% year-on-year. The proportion of the Three New business to revenue reached 33.3%, increased by 10.6 percentage points year-on-year. As the Company strengthened its cost control and efficiency enhancement in the second half of the year, and improved its staff productivity, the gross profit for the year amounted to RMB2,939 million, representing a year-on-year increase of 11.1%, with gross profit margin reaching 38.0%. Net profit rebounded in the second half of the year, and amounted to RMB824 million, representing a year-on-year increase of 5.4%. Net profit margin remained a double-digit figure, reaching 10.7%.

Commenting on the Group’s results performance in 2022, Dr. TIAN Suning, Chairman and Executive Director of the Group, said, “China strives to facilitate the intensive integration of digital technology with the real economy, so as to realise the economic and social development from “volume growth” to “quality development”. AsiaInfo has been propelling the digital-intelligence transformation with technologies like 5G, AI and big data in thousands of industries, creating digital-intelligence value for its customers. In 2022, facing the resurgence of COVID-19 and other complicated situations, the Company overcame tremendous difficulties. Through the measures of increasing online collaborative efforts, expanding the scope of remote delivery project and refining cost control, the Company sustained a good momentum in business development and continued to sustain a double-digit growth in revenue. Meanwhile, the Company’s net profit rebounded significantly in the second half of the year, maintaining its decent profitability.

After taking into full consideration of various factors including Shareholders’ returns, the profitability, cash flow and capital requirement for future development of the Company, the Board has decided to propose the declaration of the final dividend of HK$0.401 per Share for the year at the Annual General Meeting with the annual dividend payout ratio of 40%.

Digital intelligence-driven operation business restructuring initially completed with revenue surpassing RMB1 billion

The publication of the “Twenty Provisions on Data” brings new driving force to accelerate the development of the big data and data operation industry. Leveraging the legal, compliant and rich data sources, the Company developed data-driven operation (DSaaS) products for different industries and business scenarios with its innovative and leading AI technology and increased marketing efforts. In telecommunications industry, DSaaS business benefited from the rapid development of 5G and the high growth in the digital transformation of the government-enterprise industry, the Company maintained its market leading position. Beyond telecommunications industry, the Company further focused on the digitalisation of government and enterprise, digital internet of vehicles (“IoV”) and digital consumption and developed replicable, marketable and operable digital intelligence business and operation services, which are recognised by leading customers including Digital Chongqing and Changan Auto. In 2022, revenue from the digital intelligence-driven operation was RMB1,150 million, increased by 57.6% year-on-year, accounting for 14.9% of the revenue.

Energy, government affairs and transportation and other industries formed in-depth and sustainable models

In 2022, the Company continued to focus on five strategic sectors and had developed in-depth and sustainable growth models in the energy, government affairs and transportation sectors. Moreover, the Company controlled risks stringently and ensured its vertical industries businesses maintained a high growth momentum under sound conditions, with revenues in the energy and transportation industries increased by 308% and 80% year-on-year, respectively, and revenue in the government affairs industry increased by 28% year-on-year.

In the energy industry, the Company has secured a leading edge in 5G private network solutions in the nuclear power, wind power and others. Of which, the Company’s nuclear power projects with CNNC covered four major nuclear power bases, including Changjiang in Hainan Province, Fuqing in Fujian Province, Qinshan in Zhejiang Province and Tianwan in Jiangsu Province, with a total of 21 units in operation. In addition, the Company completed the construction of dozens of smart wind farms for Guohua Investment Energy Co., Ltd. and CGN Power Co., Ltd. In the transportation industry, the Company formulated the matured intelligent highway solutions and provided highway network toll collection management, digital intelligent transportation platform, intelligent marketing and customer operation service solutions for highway operation and management customers in Guangdong, Hunan, Yunnan, Shanxi, Gansu and Qinghai provinces. In the government affairs industry, the big data business had taken shape, with more than 50 projects signed during the year, covering scenarios such as data governance, data operation, data trading and city intelligence hubs. In 2022, the revenue from vertical industries and enterprise cloudification business amounted to RMB757 million, up by 78.2% year-on-year.

Grasping the development trend of OSS and BSS business integration

Against the backdrop of the intensive integration of the digital economy with real economy, the telecommunications industry embraces new opportunities. The Company closely followed and monitored the industry demand and leveraged the development trend of BSS and OSS integration in the 5G era to constantly innovate 5G BSS and OSS products. For the OSS business, the Company’s 5G network intelligent products focused on computing network, network automation, network digital twin and others, enabling the digital-intelligence transformation and innovation in the telecommunication industry, and facilitated the evolution of customers’ network automation to move to a further advanced level. With the deepening advancement of 5G deployment in 2022, the Company’s OSS business expanded rapidly and achieved a revenue of RMB666 million, representing a year-on-year increase of 61.3%. Both its market share and market position were bolstered significantly.

For BSS business, the Company further strengthened its market position and kept on fulfilling new projects and demand with digital intelligent products and solutions, facilitating the digital-intelligence transformation of its customers. The Company assisted operators in digital-intelligence innovation through products such as RPA, digital human, digital twins and databases. The Company powered up various business support systems and modules by creating new billing applications such as intelligent operation and maintenance, intelligent billing and payment health inspection. In terms of digital and intelligent planning, the Company deeply participated in the standardisation and planning of the digital and intelligent cloud native business operation systems of operators. For new customer exploration, the Company provided China Broadcast Network with a basket of business support solutions in the 5G centralised BSS project and facilitated its successful commercialisation of 5G services. In 2022, the revenue from the Company’s BSS business amounted to RMB4,925 million, representing a year-on-year increase of 0.2%.

Seize the opportunity of infotech application innovation

As a key player in the information technology and application innovation initiative, the Company continued to increase investments in R&D in innovative products concerned to accelerate the compatibility process of technology and product localisation. In 2022, the Company established AsiaInfo Anhui Technology to independently operate and manage database product business, achieving breakthroughs in many industries such as telecommunication, government affairs, transportation and healthcare. In addition, in Motainlun ranking, AntDB had been significantly advanced from 34th in January 2022 to 12th in February 2023. The contract value in 2022 was approximately RMB 60 million.

Future Prospect

Talking about the future strategies, Dr. TIAN said, “The Company always adheres to the strategy of ‘One consolidation, Three developments’ and firmly advance towards the goal of ‘achieving a business scale of over RMB10 billion in 2025, half of which comprises of the new business’. We will press ahead the ‘Three New business’ as the core driver to the rapid growth of the overall revenue of the Company. In terms of digital intelligence-driven business, the Company will grasp the opportunities brought by the ‘Twenty Provisions on Data’ policy, promote the replication of DSaaS scenario-based products in scale in digital TMT, digital government and enterprise, digital IoV, digital consumption and other areas. For the OSS business, by focusing on computing network, cloud-network integration and network automation and other areas, the Company will continue to drive OSS market share gain. In the vertical industries and enterprise cloudification, we will further focus on expanding the market in energy, government affairs, transportation and other industries with our proprietary products, striving for improvement in profitability.

“In terms of product R&D, we will advance our technology deployment including 6G OSS/BSS, 6G private network, and computing, communication and perception integration. For the 5G private networks, we will build cloud-based, white-box, open and lightweight 5G base stations and core network equipment based on cloud native, O-RAN and other technologies to empower enterprise digital intelligence transformation. In the digital intelligence sector, for new technologies such as AIGC, we will integrate into the ecology, actively cooperate with leading AI companies. We will well prepare, leveraging our accumulated experience and edges in the telecom industry, and strive to become the first batch of product and solution providers featuring AIGC in the industry.”Hashtag: #asiainfo

The issuer is solely responsible for the content of this announcement.

About AsiaInfo Technologies

AsiaInfo Technologies Limited (“AsiaInfo” or “the Company”; Stock code: 01675. HK), founded in 1993, is a leading software product, solution and service provider, as well as a leading provider of full-stack digital and intelligent capabilities. Capitalising on consulting and planning, product R&D, implementation and delivery, system integration, decision intelligence, data operation, customer service and other digital and intelligent core capabilities, AsiaInfo provides enterprise customers in industries such as telecommunications, government affairs, energy, transportation, cable and postal services with end-to-end close loop digital and intelligent transformation service.

AsiaInfo adheres to the strategy of “One consolidation, Three development”, maintains BSS market leadership with high quality and develops new businesses such as 5G OSS network intelligentisation, digital intelligence-driven operation, vertical industries and enterprise cloudification. The Company actively embraces advanced technologies such as 5G, cloud computing, big data, AI, and Internet of Things, forming three major product systems: cloud network, digital intelligence and IT.

Infineon and UMC extend automotive partnership with long-term agreement for 40nm eNVM microcontroller production

MUNICH, GERMANY AND HSINCHU, TAIWAN – Media OutReach – 7 March 2023 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”) today announced a long-term strategic cooperation agreement to multiply capacity for the production of Infineon automotive microcontroller in order to serve the rapidly expanding automotive market. The high-performance microcontroller product leverages Infineon’s proprietary eNVM (embedded non-volatile memories) technology and will be manufactured at UMC’s Singapore fab on its 40nm process.

Microcontroller are key components controlling a wide range of functions in vehicles, and demand is increasing as cars evolve to become ever greener, safer, and smarter. Already this year, Infineon is ramping the selling rate of automotive microcontroller to close to one million per day.

“With this strategic cooperation agreement, we secure additional long-term capacity to serve Infineon’s customers in the fast-growing automotive market. At the center of this partnership is a highly reliable embedded memory solution well suited for enabling next-generation automotive applications while meeting the stringent safety and security requirements for vehicle systems. We are pleased to have UMC as a strategic partner to deliver a reliable supply of high-quality microcontrollers to our customers,” said Rutger Wijburg, Chief Operating Officer of Infineon. “Going forward, Infineon and UMC will further deepen the automotive collaboration in the areas of microcontroller, power management and connectivity solutions.”

“We are excited that Infineon has chosen UMC to produce its automotive microcontroller product at our Fab 12i in Singapore, a strong endorsement of our manufacturing capability and business commitment. This multi-year supply agreement further strengthens our long-standing partnership with Infineon across various automotive, AIoT, and 5G market segments,” said Jason Wang, Co-President of UMC. “UMC’s shipments of automotive products have tripled since 2019, and we expect this strong momentum to continue as demand for automotive semiconductors rises. Given our specialty technology leadership, diversified manufacturing footprint, and focus on quality and operational excellence, we look forward to deepening our collaborations with world-class automotive leaders such as Infineon.”Hashtag: #Infineon #semiconductor #UMC


The issuer is solely responsible for the content of this announcement.

About Infineon

Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 56,200 employees worldwide and generated revenue of about €14.2 billion in the 2022 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

About UMC

UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry company. The company provides high quality IC fabrication services, focusing on logic and various specialty technologies to serve all major sectors of the electronics industry. UMC’s comprehensive IC processing technologies and manufacturing solutions include Logic/Mixed-Signal, embedded High-Voltage, embedded Non-Volatile-Memory, RFSOI and BCD etc. Most of UMC’s 12-in & 8-in fabs with its core R&D are located in Taiwan, with additional ones throughout Asia. UMC has total 12 fabs in production with combined capacity over 850,000 wafers per month (8-in equivalent), and all of them are certified with IATF 16949 automotive quality standard. UMC is headquartered in Hsinchu, Taiwan, plus local offices in United States, Europe, China, Japan, Korea & Singapore, with worldwide total 20,000 employees.

Govt. Unveils Data Management System for Digital Birth Registration

Mothers and children. ( Photo: UNFPA Lao PDR).

The government of Laos has introduced a digital central data management system to collect population data in the country. 

Over 600,000 Foreign Tourists Visited Vientiane Capital in 2022

Over 600,000 Foreign Tourists Visited Vientiane Capital in 2022
Picture of Patuxay Monument at night.

More than 600,000 international tourists visited the capital of Laos in 2022, double the expected number of 300,000 visitors.

RETRANSMISSION: First Hydrogen Designs Next Generation Zero Emission Vehicle

Vancouver, British Columbia – Newsfile Corp. – March 7, 2023 – First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) (“FIRST HYDROGEN” or the “Company“) reveals new images outlining the vision for its Generation II concept vehicle, which will be available with either fuel cell electric or battery electric drive trains. The latest sketches show the design process that the Company is undertaking with global mobility experts EDAG Group.

The images show the vehicle’s overall form in greater detail and indicate some of the van’s technical assets. As well as the vertical taillights and branded daytime running lights, which were revealed earlier this year, the new illustrations exhibit an aerodynamic fuselage. They also show muscular and dynamic fenders and a large front grill, which is both functional and stylish. Incorporating First Hydrogen branding, the grill provides the necessary ventilation for the vehicle’s front located fuel cell.

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Vehicle sketches
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8330/157500_fhfigure1.jpg

The Generation II concepts are being developed while First Hydrogen trials its Generation I fuel cell electric vehicles (FCEV). Launched last year, the Generation I vehicles are currently undergoing mileage accumulation and evaluation before entering trials with major fleet operators in the UK. The road trials for Generation I are managed in conjunction with the UK Aggregated Hydrogen Freight Consortium (AHFC). Members cover a variety of sectors including grocery, roadside assistance, utilities, construction and express delivery and trial participants will use First Hydrogen’s demonstrator vehicles alongside their existing fleets to evaluate the benefits of different vehicle technologies. Data and feedback gained during these trials will influence the design and engineering of the Company’s future vehicles to ensure designs meet customer needs.

The global light commercial vehicle market is projected to reach USD 751.86 billion by 2030, increasing at a compound annual growth rate of 5.1% during the forecast period (2022-2030). Further growth is expected as industries strive to meet zero emission targets and governments incentivise switching to zero emission mobility and invest in better infrastructure. First Hydrogen is targeting the commercial van market and light commercial vehicle sector to support fleet operators to move away from fossil fuels and invest in zero emission transport.

Steve Gill, CEO of Automotive for First Hydrogen, says: “We are delighted to present a first look at the new concept vehicle and are proud of its clean, functional, and modern design. The aerodynamic design and overall proportions have been shaped to consider operations on highways and in urban environments. We have taken a particular focus on the lighting, ensuring high visibility for drivers and other road users, – this is especially important for use by delivery, utilities, and roadside assistance companies – but also make the vehicles instantly recognisable as First Hydrogen.”

Bernat Costa, Design Director at EDAG Spain, comments: “We have taken great care to reflect the modern and clean energy values First Hydrogen represents in the vehicle design. The pure and minimalist design meets functional needs and accommodates the technical requirements of hydrogen propulsion. We have also created a design suited to modular builds, providing operational flexibility through a range of sizes and potential bespoke elements.”

About First Hydrogen Corp. (FirstHydrogen.com)

First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles, green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company is designing and building hydrogen-fuel-cell-powered light commercial demonstrator vehicles (“LCV”) under two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+ kilometres. At the same time, the Company has launched its bespoke vehicle design phase which will develop its fleet of proprietary zero-emission vehicles. First Hydrogen is also developing refueling capability working with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. As well, the Company is pursuing opportunities in green hydrogen production and distribution in the UK, EU and North America.

About EDAG Group (EDAG.com)

EDAG Group is the world’s largest independent engineering service provider to the global mobility industry. We regard mobility as a fully integrated ecosystem, and offer our customers technological solutions for more sustainable, emission-free and intelligently networked mobility. With a global network of some 60 branches, EDAG Group provides engineering services in the Vehicle Engineering, Electrics/Electronics and Production Solutions segments.

With our interdisciplinary expertise in the fields of software and digitalization, we possess the key skills to help actively shape the dynamic transformation process the mobility industry is currently undergoing. Digital features, autonomous driving, artificial intelligence, alternative powertrains, new mobility concepts and the vision of a networked smart city have become an integral part of our portfolio. Embedded in EDAG’s own 360° degree approach to the development of complete vehicles and production facilities, we are a competent partner for sustainable mobility projects. It is in the DNA of the company to actively shape the future of mobility and transfer new technologies and concepts into series production. Today, EDAG is one of the TOP 20 IT service providers in the German mobility sector.

Our customers include leading international OEMs, tier 1 suppliers and startup companies from the automotive and non-automotive industries, all of whom we serve globally with our workforce of approximately 8,000 experts in 360-degree engineering.

In 2021, EDAG generated sales of €687 million and at December 31, 2021, EDAG employed a global workforce of 7,880 (including apprentices).

On behalf of the Board of Directors of

FIRST HYDROGEN CORP.
“Balraj Mann”
Chairman & Chief Executive Officer

Contact:
Balraj Mann
First Hydrogen Corp.
604-601-2018
investors@firsthydrogen.com

Cautionary Note Regarding Forward-Looking Statements: This news release contains information or statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward-looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward-looking information is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.

The forward-looking statements made in this news release are based on management’s assumptions and analysis and other factors that may be drawn upon by management to form conclusions and make forecasts or projections, including management’s experience and assessments of historical trends, current conditions and expected future developments. Although management believes that these assumptions, analyses and assessments are reasonable at the time the statements contained in this news release are made, actual results may differ materially from those projected in any forward-looking statements. Examples of risks and factors that could cause actual results to materially differ from forward-looking statements may include: the timing and unpredictability of regulatory actions; regulatory, legislative, legal or other developments with respect to its operations or business; limited marketing and sales capabilities; early stage of the industry and product development; limited products; reliance on third parties; unfavourable publicity or consumer perception; general economic conditions and financial markets; the impact of increasing competition; the loss of key management personnel; capital requirements and liquidity; access to capital; the timing and amount of capital expenditures; the impact of COVID-19; shifts in the demand for First Hydrogen’s products and the size of the market; patent law reform; patent litigation and intellectual property; conflicts of interest; and general market and economic conditions.

The forward-looking information contained in this news release represents the expectations of First Hydrogen as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. First Hydrogen undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The issuer is solely responsible for the content of this announcement.