HyOrc Appoints Andrea Magalini to Board, Achieves Key ISO Certification
Rhea-AI Summary
HyOrc Corporation (OTC: ASPZ), a clean energy technology company, has announced two significant developments. First, Andrea Magalini has joined as Non-Executive Director, bringing extensive experience from Turboden (Mitsubishi Heavy Industries) and McKinsey & Co. in OEM leadership and industrial product commercialization.
The company has also achieved three ISO certifications for Quality Management (9001:2015), Environmental Management (14001:2015), and Occupational Health and Safety (45001:2015). Additionally, HyOrc has filed a PCT application for its vertical combustor, expanding its global IP coverage for hydrogen engine technology.
Positive
- Appointment of experienced executive Andrea Magalini to Board with significant OEM and industrial scaling expertise
- Achievement of three key ISO certifications validating operational excellence and safety standards
- Expansion of global IP protection through PCT application for vertical combustor technology
Negative
- None.
News Market Reaction
On the day this news was published, ASPZ gained 5.63%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
HOUSTON, June 25, 2025 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTC: ASPZ), a clean energy technology company advancing advanced green methanol production systems, and hydrogen-based combustion systems for transport & off-grid power, is pleased to announce that Andrea Magalini has officially joined the Board of Directors as a Non-Executive Director.
Andrea brings deep international experience in OEM leadership, industrial product commercialization, and global scale-up strategy. As the former General Manager of Turboden (a Mitsubishi Heavy Industries group company) heat generation business unit and with over a decade as global sales leader at the same company and strategic management consultant at McKinsey & Co., Andrea's appointment marks a major step as HyOrc enters its commercialization phase.
“We’re thrilled to welcome Andrea to the Board,” said James McNaught-Davis, Chairman of HyOrc. “His global track record in scaling clean technologies and forging industrial partnerships will be invaluable as we prepare for manufacturing ramp-up and global deployment.”
HyOrc is also proud to announce that its R&D and manufacturing operations have successfully passed external audit and are now fully certified under the following international standards:
- ISO 9001:2015 – Quality Management Systems
- ISO 14001:2015 – Environmental Management Systems
- ISO 45001:2015 – Occupational Health and Safety Management Systems
These certifications represent a critical milestone in HyOrc’s journey, affirming its operational excellence, environmental stewardship, and worker safety — key pillars for strategic customers, EPC partners, and institutional investors.
Additional Milestone: HyOrc recently filed a PCT application for its vertical combustor, broadening global IP coverage for its patented hydrogen engine platform. This innovation underpins HyOrc’s locomotive, PAYG power, and green methanol systems — enabling high-efficiency, multi-fuel energy solutions across multiple sectors.
About HyOrc Corporation
HyOrc Corporation (OTC: ASPZ) develops and commercializes advanced waste to methanol systems, and hydrogen combustion engines for rail, maritime, and distributed power. Backed by a growing patent portfolio and ISO-certified operations, HyOrc’s mission is to decarbonize hard-to-abate sectors without subsidy reliance.
HyOrc has 728.19 million shares issued and outstanding with 26.30 million shares at DTC.
Contact:
Laura Donohoe
Investor Relations
laura@hyorc.com
www.hyorc.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/15b65587-19c2-40c7-b562-aea71f2f92a4
FAQ
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