First Hydrogen Agreement for Mobile AI-Driven Robotic Ground Drone Platform
Rhea-AI Summary
First Hydrogen (OTC: FHYDF) has secured exclusive worldwide rights to advance a patented unmanned ground vehicle (UGV) toward commercialization, targeting a defined commercial design and application within two years as a Development Milestone. On successful completion, the company gains exclusive global rights for the UGV patent’s life, subject to a 1% royalty on gross sales of products using the patent. First Hydrogen will fund all development and own 100% of resulting intellectual property. The UGV, licensed from Exodus Actuation Solutions under an agreement independent from an existing LOI, is planned as an amphibious, modular cargo platform for military, logistics, security, industrial and research uses, supporting autonomous and user-assisted modes.
Positive
- Exclusive worldwide UGV rights upon Development Milestone completion for patent life
- 100% ownership of all UGV-related intellectual property and developments
- 1% royalty on gross sales for products using the UGV patent
- Two hydrogen FCEVs built with 6,000 km testing and 630+ km range
- Growing drone market cited from about US$26B in 2025 to US$40B by 2030
Negative
- First Hydrogen must bear all UGV development costs
- Agreement includes a finder’s and consulting fee payable to a third party
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - September 1, 2026) - First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) ("FIRST HYDROGEN" or the "Company") has acquired the exclusive worldwide rights to advance the unmanned ground vehicle ("UGV") towards commercialization, including the development of a viable commercial design and defined application for the technology within a two-year period ("Development Milestone"). Upon successful completion of the Development Milestone, First Hydrogen will have exclusive worldwide rights for the remaining life of the UGV patent to develop, commercialize and exploit the UGV, subject to a
The Company's UGV chassis will have a modular cargo platform with multiple versatile applications that are easily interchangeable and will have amphibious capabilities. The functions are designed for military field support such a drone launch and refueling platform, transport, equipment, security, tools, emergency packages, or other heavy items. The system is intended to function as a mobile robotic drone assistant capable in a wide range of logistics, such as campus and facility operations including security, construction sites, and last-mile delivery and emergency situations.
The platform is expected to support both autonomous and user-assisted operating modes, allowing the robot to follow a user, operate via remote control, or navigate predetermined routes. By combining robotic mobility with cargo transport capability, the system aims to reduce manual labour requirements and reduce power consumption in environments where materials must be moved frequently across varying terrain. The useful platform allows for use in academic research, industrial automation, defense research programs, and autonomous navigation testing.
Ground drones are increasingly being deployed for defense, security, logistics, reconnaissance, inspection and operations in hazardous environments. Demand for these systems is accelerating as advances in artificial intelligence, autonomous navigation, sensors and communications expand their capabilities and reduce the need to place personnel in dangerous environments. Markets and Markets projects the global unmanned aerial vehicle ("UAV" or "drone") market to grow from approximately US
In connection with the transaction, the Company will pay a finder's and consulting fee to a third party, in accordance with the TSX Venture Exchange policies.
About First Hydrogen Corp. (FirstHydrogen.com)
First Hydrogen Corp. is a Vancouver, Montreal, Germany and London UK-based company focused on zero-emission vehicles, green hydrogen production and distribution. The Company has designed and built two hydrogen- fuel-cell-powered light commercial vehicles ("FCEV"). The FCEV are road-legal in the United Kingdom (excluding Northern Ireland) with 6,000 km of testing completed and have achieved a range of 630+ kilometres on a single refueling. The vehicles have successfully been trialled in real-world conditions with fleet operators in the United Kingdom.
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.
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