LHYFE: GAUSSIN and Lhyfe form a strategic partnership aimed at accelerating the development of hydrogen mobility at port, airport and logistics sites – 2022-10-10 at 08:00

The letter of intent aims to propose a global solution for the production and distribution of green mobility

Héricourt and Nantes (France), October 10, 2022 – 8:00 a.m. –

GAUSSIN (EURONEXT GROWTH: ALGAU – FR0013495298), a pioneer in clean and intelligent transport of goods and people, and Lhyfe (EURONEXT: LHYFE), one of the world pioneers in the production of green and renewable hydrogen, announce the signing of a letter of intent (Memorandum of Understanding) for a strategic partnership. The agreement should make it possible to accelerate the development of hydrogen mobility on port, airport and logistics sites by offering a global solution for the production and distribution of carbon-free mobility.

A strategic partnership for GAUSSIN and Lhyfe

According to the terms of the letter of intent signed by GAUSSIN and Lhyfe, the two players will study the possibility of developing a global renewable mobility solution combining GAUSSIN’s hydrogen vehicles and the green and renewable hydrogen produced by Lhyfe.

This partnership also includes a commercial component aimed at identifying potential customers in France and abroad, likely to be interested in such a global renewable mobility solution for logistics, port and airport sites.

Promising synergies

Lhyfe produces green and renewable hydrogen from water and renewable energy (by water electrolysis). The company, which inaugurated its first production site in 2021, already has a commercial pipeline representing a total installed production capacity of 9.8 GW by 2030 (given as of mid-September 2022). It wants to develop and operate green and renewable hydrogen production sites across Europe to decarbonize transport and industry.

The activity of Lhyfe is thus complementary to that of GAUSSIN, which designs heavy handling vehicles running on hydrogen. Aware of the possible synergies between their fields of activity, Lhyfe and GAUSSIN wish to offer a global green hydrogen mobility solution for the transport and logistics ecosystem.

“Renewable green hydrogen is now an extremely relevant solution for the logistics sector, from all points of view: ecological, practical and economical”

declares

Christophe Dubruque, Mobility Development Director of Lhyfe

.

“This memorandum of understanding with GAUSSIN will allow us to approach the very specific sector of logistics, port and airport sites with a perfectly adapted turnkey solution. »

“GAUSSIN has a full range of hydrogen-powered vehicles, and we want to speed up the implementation of these mobility solutions by allowing, via Lhyfe, to facilitate the distribution of green hydrogen. Our partnership can thus make it possible to combine hydrogen vehicles and the distribution of renewable hydrogen through a global green mobility offer that can go as far as “transport as a service”. This agreement completes an already rich year for GAUSSIN in the field of hydrogen, marked in particular by the success of our H2 Racing Truck in the Dakar rally and its world tour, the prize for “Hydrogen personality of the year” which was presented to the National Assembly and the launch of the AGV® (Automated Guided Vehicle) H2. We share with Lhyfe a common ambition for the ramp-up of the hydrogen sector and I am confident about the continuation of negotiations”

declares

Christophe Gaussin, CEO of GAUSSIN

.

About Gaussin


GAUSSIN is an engineering company that designs, assembles and markets innovative products and services in the field of transport and logistics. Its know-how encompasses the transport of goods and people, autonomous technologies allowing driverless use such as Automotive Guided Vehicles, and the integration of all types of batteries, in particular electric and hydrogen. With more than 50,000 vehicles worldwide, GAUSSIN benefits from a strong reputation in four rapidly expanding markets: port and airport terminals, logistics and people mobility. The group has established strategic partnerships with major global players in order to accelerate its commercial penetration: Siemens Logistics in the airport sector, Bolloré Ports and ST Engineering in the port sector, UPS in the logistics sector and Bluebus in the transport of people. GAUSSIN broadened its business model with the signing of license agreements accelerating the distribution of its technology throughout the world. The acquisition of METALLIANCE confirms the emergence of an international group present in all segments of smart and clean vehicles.

In October 2021, GAUSSIN is the winner of the Dubai World Challenge – World competition for autonomous transport.

In January 2022, GAUSSIN successfully completed the 2022 Dakar Rally with its H2 Racing Truck®, the first hydrogen vehicle to participate in the race and to generate zero CO2 emissions.

In March 2022, Christophe Gaussin was crowned “Hydrogen Personality of the Year” during a ceremony at the National Assembly as part of the Hydrogénies – Hydrogen Trophies.

GAUSSIN has been listed on Euronext Growth in Paris since 2010 (EURONEXT GROWTH – FR0013495298).

More information on www.GAUSSIN.com

About Lhyfe


Launched in 2017 in Nantes, Lhyfe is a producer and supplier of green and renewable hydrogen for mobility and industry. Its sites and its commercial pipeline of projects aim to provide access to green and renewable hydrogen in industrial quantities, and to enter into a virtuous energy model oriented towards environmental benefit. The company is a member of France Hydrogène and Hydrogen Europe.

Lhyfe inaugurated its first industrial site for the production of renewable green hydrogen in the second half of 2021. The company has a commercial pipeline representing a total installed production capacity of 9.8 GW by 2030 (data as of mid-September 2022). In addition, the offshore development program initiated by the company since 2019 led in September 2022 to the entry into the test phase in real conditions of the first pilot site for the production of offshore renewable hydrogen in the world.

For more information visit www.lhyfe.com

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* This press release contains forward-looking statements. These statements do not constitute historical facts. These statements include projections and estimates and the assumptions on which they are based, statements relating to plans, objectives, intentions and expectations regarding financial results, events, operations, future services, product development and their potential or future performance. These forward-looking statements can often be identified by the words “expect”, “anticipate”, “believe”, “intend”, “estimate” or “plan”, and other similar terms. Although the management of GAUSSIN believes that these forward-looking statements are reasonable, investors are warned that these forward-looking statements are subject to numerous risks and uncertainties, which are difficult to predict and generally beyond the control of GAUSSIN, which may imply that the actual results and events realized differ materially from those expressed, implied or anticipated in the forward-looking information and statements. These risks and uncertainties include in particular the uncertainties inherent in the supply difficulties linked to the health situation, the shortage of raw materials or current conflicts, the decisions of the State authorities, the evolution of exchange rates and interest rates. , inflation. GAUSSIN makes no commitment to update forward-looking information and statements subject to applicable regulations, in particular articles 223-1 et seq. of the general regulations of the Autorité des marchés financiers.

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