MISSISSAUGA, Ontario, Jan. 13, 2025 (GLOBE NEWSWIRE) — Next Hydrogen Solutions Inc. (TSXV: NXH, OTC: NXHSF) (“Next Hydrogen” or the “Company”), announces today that it has accepted the resignation of Matthew Fairlie from the Board of Directors of the Company effective January 15, 2025.
“With a deep sense of gratitude, we recognize the retirement of Matthew Fairlie from the Board of Directors of Next Hydrogen,” said Allan Mackenzie, Chair of the Board. “Mr. Fairlie’s contributions, formerly as CEO and more recently as vice chairman, have had a profound impact on our technology and our mission. Mr. Fairlie was always able to see through challenges with integrity and clarity. He has only our strongest support and respect as he approaches this next chapter.”
“After 45 years in material and clean energy technologies, I am embarking on new projects related to education and environmental advocacy,” stated Matthew Fairlie. “I have enjoyed seeing Next Hydrogen grow from the ‘founding four’ to the Company it is today. I wish the Company and the Board continued success with its innovative stack technology. In my mind, green hydrogen technology is inevitable as we scale up renewable energies to replace fossil fuels.”
About Next Hydrogen
Founded in 2007, Next Hydrogen is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. 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.
Contact Information
Raveel Afzaal, President and Chief Executive Officer
Next Hydrogen Solutions Inc.
Email: [email protected]
Phone: 647-961-6620
www.nexthydrogen.com
Notice regarding forward-looking statements:
Certain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements in this press release include statements regarding: the Offering, the use of proceeds of the Offering, approved and potential government grants and the Letter of Interest from EDC with respect to a working capital debt financing. Such forward-looking statements are based on the current expectations of management of Next Hydrogen. Actual events and conditions could differ materially from those expressed or implied in this press release as a result of known and unknown risk factors and uncertainties affecting Next Hydrogen, including risks regarding the industry in which Next Hydrogen operates, economic factors, the equity markets generally and risks associated with growth and competition; risks associated with the Corporation’s ability to fulfil the technical, environmental, social and governance, financial and commercial due diligence required by EDC, risks associated with the ability to negotiate the government grants or the EDC working capital debt financing on terms acceptable to the Corporation and risks associated with such grants or working capital debt financing closing as planned or at all. Additional risk factors are also set forth in the Company’s management’s discussion and analysis and other filings available via the System for Electronic Document Analysis and Retrieval (SEDAR Plus) under Next Hydrogen’s profile at www.sedarplus.ca. Although the Company has attempted to identify certain factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be taken as guaranteed. The forward-looking information contained in this press release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, readers should not place any undue reliance on forward looking information.
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