First Hydrogen Signs Definitive Agreement for Advanced Robotics Technology with Extensive IP and Prepares to Launch First Humanoid
First Hydrogen expands into humanoid and advanced robotics by buying control of RoboticsCo and creating a dedicated First Humanoid subsidiary.
Rhea-AI Summary
First Hydrogen (FHYDF) has signed a definitive agreement to acquire a 60% interest in Exodus Actuation Solutions (RoboticsCo) and is launching its first humanoid-focused subsidiary. First Hydrogen will issue 2 million common shares in stages and provide up to US$2 million of staged funding, subject to mutually agreed budgets and TSX Venture Exchange acceptance. RoboticsCo contributes a portfolio of 26 issued and 10 pending patents for advanced actuation, gearbox, motor and robotics technologies that have been tested in commercial settings. The company has also formed wholly owned First Humanoid Corp. to hold, develop and commercialize humanoid, autonomous systems and AI-enabled robotics technologies.
Positive
- 60% interest in RoboticsCo acquired via shares and US$2 million staged funding
- 26 issued and 10 pending patents added in advanced robotics and actuation
- New First Humanoid subsidiary creates a focused platform for humanoid and AI robotics
- RoboticsCo tech already deployed with robotics, automotive and packaging customers
Negative
- 2 million new shares to be issued, creating potential shareholder dilution
- US$2 million cash commitment required to fund RoboticsCo development
- Transaction subject to TSX Venture Exchange acceptance, adding closing uncertainty
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2026) - First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) ("FIRST HYDROGEN" or the "Company") announces that further to the February 23, 2026 and June 9, 2026 news releases, that it has signed a Definitive Agreement with Exodus Actuation Solutions Inc. ("RoboticsCo"). RoboticsCo holds a portfolio of patents and related intellectual property ("IP"), focused on advanced actuation, gearbox, motor and robotics technologies. RoboticsCo owns or licenses 26 issued and 10 pending patents covering its actuation gearbox and high-performance motor lines. These technologies have been tested and successfully used by robotics, automotive and packaging companies worldwide.
RoboticsCo's technologies are designed to address key performance requirements across the rapidly expanding robotics and automation markets, including greater speed, torque density, efficiency, precision and reliability, while reducing power consumption, size, noise and overall system cost. Its advanced actuation and gearing designs are intended to reduce friction, improve efficiency and backdrivability, and enable smoother, more natural robotic movement. The platform has undergone extensive development and testing, with more than 500 motors and gearboxes manufactured and shipped, and positive customer feedback demonstrating improved performance and the ability to enable new robotic applications.
The technologies have broad potential across a wide range of robotics, automation and advanced motion-control applications. Potential uses include humanoid and industrial robotics, robotic arms and manipulators, collaborative robots, automated manufacturing and assembly, material handling, packaging and conveyance systems, precision motion control, and other applications requiring compact, high-performance and energy-efficient actuation. By improving efficiency, power density, backdrivability and affordability, these solutions have the potential to support the development and wider adoption of increasingly capable robotic systems across emerging and established industries.
RBC Capital Markets estimates the global humanoid robotics market could reach approximately US
The investment in RoboticsCo provides First Hydrogen with access to proprietary technologies and intellectual property that have potential applications across multiple areas of the Company's business. In the near term, these technologies are particularly relevant to First Hydrogen's "hydrogen-as-a-service" ecosystem, with longer-term applications across manufacturing, energy infrastructure, autonomous systems and SMR-related research and operations.
The Company is pleased to announce the launch of its wholly owned subsidiary, First Humanoid Corp. ("First Humanoid"), focused on advancing artificial intelligence, autonomous systems and next-generation humanoid and intelligent robotic technologies. First Humanoid will serve as the Company's dedicated platform to hold, develop, and commercialize intellectual property and technologies related to humanoid robotics, autonomous systems, and AI-enabled technologies. Additional information regarding First Humanoid and its technologies is available at www.firsthumanoid.com.
Transaction
First Hydrogen will acquire a 60-per-cent interest in RoboticsCo, by issuing two million common shares of the Company, in stages, and financing
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.
About First Humanoid Corp. (FirstHumanoid.com)
First Humanoid Corp. is focused on the development and commercialization of advanced robotics, autonomous systems and AI-enabled technologies. First Humanoid's strategy encompasses robotic and unmanned platforms, including humanoid robotics, unmanned ground vehicles and drone technologies, with potential applications across industrial automation, logistics, critical infrastructure, security, defence and remote operations. The company aims to develop and commercialize intelligent robotic systems that combine advanced mobility, artificial intelligence, autonomous navigation and related technologies for operation in complex and demanding environments.
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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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313583
FAQ
What are the key terms of First Hydrogen’s transaction with RoboticsCo?
First Hydrogen will acquire a 60% interest in RoboticsCo by issuing 2 million common shares of the company in stages and providing up to US$2 million of staged financing, based on mutually agreed budgets, to advance RoboticsCo’s technology. The definitive agreement remains subject to TSX Venture Exchange acceptance, and a finder’s and consulting fee will be paid to a third party in accordance with exchange policies.
What intellectual property does RoboticsCo contribute to First Hydrogen?
RoboticsCo owns or licenses 26 issued and 10 pending patents related to actuation gearboxes and high-performance motor lines. Its technologies target higher speed, torque density, efficiency, precision and reliability, while reducing power consumption, size, noise and system cost, and have been used by robotics, automotive and packaging companies worldwide.
What is the role of the new First Humanoid subsidiary?
First Humanoid Corp. is a wholly owned subsidiary focused on developing and commercializing advanced robotics, autonomous systems and AI-enabled technologies. Its strategy covers humanoid robots, unmanned ground vehicles and drone technologies for applications in industrial automation, logistics, critical infrastructure, security, defence and remote operations. It will serve as the platform to hold and develop related intellectual property.