HyOrc Corporation Announces Effective Market Name/Symbol Change; Advances Green Methanol Projects and Hydrogen Locomotive Program

Rhea-AI Summary

HyOrc Corporation (OTC:HYOR), formerly trading under a different symbol, announced its effective name and symbol change alongside significant progress in its clean energy initiatives. The company is developing green methanol production facilities in Scunthorpe, UK and Porto, Portugal, with each plant capable of producing 80 tons of green methanol daily.

HyOrc plans to establish methanol production hubs across Europe, projecting $1.8 billion in revenues over ten years from five locations. Additionally, the company is advancing its hydrogen locomotive program, offering retrofits at $2.5 million per unit, targeting a market of over 75,000 diesel locomotives across India, the EU, and the UK.

Positive

• None.

Negative

• Still in permitting and study phase for methanol facilities
• Locomotive projects still in negotiation phase, no firm contracts announced

HOUSTON, Aug. 22, 2025 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTCID: HYOR), a clean energy technology company pioneering hydrogen combustion and waste-to-fuel systems, today announced that its name and trading symbol change is now effective on the OTC markets. The Company’s common stock now trades under the ticker HYOR.

This milestone comes as HyOrc accelerates progress on its flagship green methanol projects. The Company has completed front-end engineering for a hydrogen combustion–based system designed to convert municipal waste into methanol. Initial facilities are planned in Scunthorpe, UK and Porto, Portugal, both currently in the permitting and on-site study stage. Each plant is expected to produce up to 80 tons of green methanol per day, providing a scalable pathway to meet the fast-growing demand for low-carbon marine fuels. In Porto, one proposed site for HyOrc and its local partner Start Lda is the EcoParque Empresarial, shown below:

HyOrc’s strategy is to initially establish methanol production hubs across UK, Germany, Portugal, and Spain, creating a reliable supply network for shipping companies committed to meeting IMO 2030 emissions targets. The currently planned European rollout of five locations is projected to generate an estimated $1.8 billion in revenues over ten years.

In parallel, the Company is advancing its hydrogen locomotive program, with pilot projects under negotiation in India, the EU, and the UK. The program applies HyOrc’s patented hydrogen-capable powertrain technology to deliver efficient, zero-emission retrofits of existing diesel locomotives. With retrofit costs of approximately $2.5 million per unit and a combined installed base of more than 75,000 diesel locomotives across India, the EU, and the UK, HyOrc is positioned to capture a substantial share of a multi-billion-dollar market opportunity.

“The transition to trading as HYOR marks more than just a name change—it reflects the momentum of our business and the expanding opportunities in green fuels and hydrogen mobility,” said Andrea Magalini, Director for Business Development at HyOrc. “With two methanol projects advancing toward permitting and a growing pipeline in shipping and rail, HyOrc is positioned as a leader in practical, scalable solutions for decarbonization.”

About HyOrc Corporation

HyOrc Corporation (OTCID: HYOR) develops and commercializes advanced waste to methanol systems, and hydrogen 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 737 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/9bfaae22-f97e-4c9e-8ecf-649db63bd8a7

FAQ

What is HyOrc Corporation's new trading symbol?

HyOrc Corporation now trades under the symbol HYOR on the OTC markets.

How much green methanol will HyOrc's facilities produce?

Each of HyOrc's planned facilities will be capable of producing up to 80 tons of green methanol per day.

What is the projected revenue from HyOrc's European methanol facilities?

HyOrc projects $1.8 billion in revenues over ten years from its planned five European locations.

How much does HyOrc's hydrogen locomotive retrofit cost?

HyOrc's hydrogen locomotive retrofits cost approximately $2.5 million per unit.

Where is HyOrc planning to establish its methanol production hubs?

HyOrc plans to establish methanol production hubs across the UK, Germany, Portugal, and Spain.