Hyzon Motors Inc - HYZN STOCK NEWS

Hyzon (NASDAQ: HYZN) has announced the Start of Production (SOP) of its single-stack 200kW Fuel Cell System (FCS) at its Bolingbrook, Illinois facility, one of the largest fully-integrated fuel cell production facilities in the United States. This milestone enables Hyzon to manufacture standardized FCSs at volume for commercial sale, accelerating the decarbonization of heavy-duty industries.

Key points:

• The facility can produce 700 fuel cell systems per year over a three-shift operation
• Hyzon expects to achieve ISO 9001 certification for fuel cell manufacturing and design/R&D activities in Q4 2024
• The company recently announced SOP of its Class 8 200kW Fuel Cell Electric Truck
• Hyzon's integrated manufacturing strategy includes in-house design and production of its proprietary Membrane Electrode Assembly (MEA)

Hyzon (NASDAQ: HYZN), a U.S.-based hydrogen fuel cell system manufacturer, has announced that it has regained compliance with all applicable Nasdaq Capital Markets listing requirements. The company received notification from the Nasdaq Hearings Department on September 26, 2024, confirming that it has fully cured its prior bid price deficiencies.

This development is significant for Hyzon, as it ensures the company's continued listing on the Nasdaq Capital Markets. Hyzon, which focuses on providing zero-emission power to decarbonize demanding industries, had previously faced challenges related to its stock's bid price, potentially jeopardizing its listing status.

Hyzon (NASDAQ: HYZN) has announced the Start of Production (SOP) for its Class 8 200kW Fuel Cell Electric Truck (FCET), marking a significant milestone in zero-emission heavy-duty transportation. The company, in collaboration with Fontaine Modification, is transitioning from prototype to series production of its innovative FCET.

Key features of Hyzon's Class 8 200kW FCET include:

• A single stack 200kW fuel cell system
• 30% lighter and smaller than two 110kW systems combined
• 25% more cost-efficient than traditional systems

Hyzon expects to declare SOP on its unique single stack 200kW Fuel Cell System at its Bolingbrook facility in the coming weeks. The company also anticipates achieving ISO 9001 certification in Q4 2024, further solidifying its position in the zero-emission heavy-duty vehicle market.

Hyzon (NASDAQ: HYZN) announced a 1-for-50 reverse stock split of its Class A common stock, effective September 11, 2024. This move aims to increase the bid price and regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share. The reverse split will reduce the number of outstanding shares from approximately 272.5 million to 5.5 million, with proportional adjustments to authorized shares and outstanding securities. No fractional shares will be issued, and affected stockholders will receive cash payments. The stock will continue trading under the symbol 'HYZN' with a new CUSIP number. This action is intended to ensure Hyzon's continued listing on the Nasdaq Capital Market.

Hyzon, New Way, and Recology showcased North America's first hydrogen fuel cell electric refuse truck at a clean energy event hosted by ARCHES. The event celebrated a $12.6 billion investment to create a Regional Clean Hydrogen Hub in California. U.S. Department of Energy Under Secretary David Crane, California Gov. Gavin Newsom, and U.S. Sen. Alex Padilla attended the landmark event.

ARCHES plans to facilitate a network of clean hydrogen production sites, including 60 heavy-duty fueling stations and 165 miles of open-access pipelines, to enable the decarbonization of over 5,000 fuel cell electric trucks. This initiative is backed by $1.2 billion in federal funding and $11.4 billion in public and private investments.

The collaboration between Hyzon, New Way, and Recology marks the beginning of decarbonizing one of the most demanding industries, making hydrogen fuel cell electric refuse collection a reality for North America.

Recology, a leading sustainable waste management company, is testing North America's first hydrogen fuel cell-powered electric refuse collection vehicle in San Francisco. The truck, developed in partnership with New Way Trucks and Hyzon (NASDAQ: HYZN), represents a significant step towards zero-emission waste management. This initiative aligns with San Francisco's efforts to reduce waste and use clean energy.

Key points:

• Recology aims to confirm the vehicle's power and range for completing collection routes and transporting heavy loads
• The trial will last two weeks in San Francisco, followed by tests in other Bay Area cities
• Hyzon's fuel cell systems are expected to provide consistent power over a range of at least 125 miles, including 1,200 cart lifts
• This technology could help address climate change by reducing greenhouse gas emissions in the waste industry

Hyzon (NASDAQ: HYZN) announced its Q2 2024 financial results, focusing on North American Class 8 and refuse markets. Key highlights include:

- Launched 200kW Class 8 FCEV trial program with two large fleets in July
- Completed 16 200kW C-Sample Fuel Cell Systems in Q2, totaling 21 in 1H 2024
- Delivered one additional Class 8 FCEV to Performance Food Group
- Average monthly net cash burn of $9.2 million in Q2, expected to reduce to $6.5 million by year-end
- Executed first capital raise since going public, raising $4.5 million in gross proceeds

The company remains on track for Start of Production of 200kW FCS in 2H 2024 and has 25 large fleet trials planned by January 2025. Q2 revenue was $0.3 million, with R&D expenses at $9.8 million and SG&A at $25.5 million.

New Way Trucks and Hyzon (NASDAQ: HYZN) are leading the charge in hydrogen fuel cell-powered electric refuse collection. The companies debuted North America's first hydrogen fuel cell-powered electric refuse vehicle (FCEV) at Waste Expo in Las Vegas in May. Customer demonstrations are scheduled throughout California and western Canada into early 2025.

The FCEV combines New Way's Sidewinder automated side loader with Hyzon's hydrogen fuel cell drivetrain, offering more payload than battery electric vehicles and similar range and performance to diesel and CNG trucks. The vehicle is expected to have a range of at least 125 miles and capability for 1,200 cart lifts per route.

This initiative builds on Hyzon's successful FCEV trials in Australia and recent launch of a Class 8 200kW FCEV tractor-trailer trial program with major North American fleet customers, including waste haulers.

Hyzon (NASDAQ: HYZN), a U.S.-based manufacturer of hydrogen fuel cell systems, has announced its second quarter 2024 earnings conference call. The call is scheduled for Tuesday, August 13, 2024, at 8:30 a.m. ET. Investors can join via phone using the numbers 1-888-800-7840 (U.S.) or 1-646-307-1856 (international) with access code 5240234. A live audio webcast and Q&A will be available on Hyzon's investor relations website. The company will also post the earnings press release and related materials on the same website. A replay and transcript of the webcast will be accessible within 24 hours after the call.