HRS to Supply 36 Hydrogen Stations by
2026
HRS to invest €7M in GAUSSIN stock
GAUSSIN (EURONEXT GROWTH : ALGAU - FR0013495298), pioneer
of clean and smart freight transport, and
Hydrogen-Refueling-Solutions (HRS) (EURONEXT GROWTH ALHRS
FR0014001PM5), European designer and manufacturer of hydrogen
refueling stations, announced the signing today of a term sheet to
implement an exclusive partnership. As part of this partnership,
HRS will supply 36 hydrogen stations between 2021 and 2026 in the
European Union. The agreement is intended to support the rollout of
GAUSSIN’s turnkey hydrogen mobility solutions for on-road and
off-road applications.
As part of the agreement, HRS is investing €7 million in newly
issued shares of GAUSSIN at the unit subscription price of €6.20
per share.
A TURNKEY OFFER TO PROMOTE ACCESS TO HYDROGEN AND SATISFY
STRONG DEMAND FOR H2 MOBILITY SOLUTIONS
The integration of HRS into GAUSSIN’s hydrogen ecosystem and the
contribution of its station expertise, a key component of the value
chain, will capitalize on the strengths of each partner, enabling
the offer of a comprehensive, low-carbon mobility solution, helping
to accelerate the adoption of hydrogen fuel, which is perfectly
suited to GAUSSIN’s heavy vehicle applications.
The details of the partnership include the development of a
turnkey solution marketed by GAUSSIN, comprising
zero-emission vehicles for multiple uses (airports, logistics,
ports, Smart Cities, roads) resulting from technological
innovations in its research and development center, and the
latest-generation HRS hydrogen refueling station. The stations will
be manufactured on the HRS site in the Grenobloise metropolitan
area.
As part of this exclusive partnership, HRS will supply a minimum
of 36 hydrogen stations to GAUSSIN or its customers over a period
of five years, optionally supported by a new leasing solution
established with BNP PARIBAS Leasing Solutions. The agreement
provides for a gradual ramp-up beginning with the delivery of four
200 kg/day stations in 2021/2022, starting with two 30 days after
HRS has invested in newly issued GAUSSIN shares.
TOGETHER SUPPORTING THE DEVELOPMENT OF THE EUROPEAN HYDROGEN
INDUSTRY
HRS will also subscribe to a capital increase of GAUSSIN,
of €7 million (€6.20 per share). The partnership between the two
companies is aimed at facilitating a joint approach to the
development of the hydrogen sector in Europe, with heavy mobility
set to play a major role in the coming months.
“HRS’s expertise and its international reputation in the field
of hydrogen stations makes us confident in our ability to deliver
robust and reliable solutions while simplifying our value
proposition for our customers with a turnkey solution integrating
the production and distribution of hydrogen, in addition to GAUSSIN
vehicles, together with all the associated services,” said
Christophe Gaussin, Chairman and CEO of GAUSSIN.
“This is a historic agreement for the deployment of hydrogen in
Europe. Our new partnership, spanning both commercial aspects and
investment, with a player as dynamic and ambitious as GAUSSIN, will
allow progress in the structuring of the sector and help accelerate
the rollout of our hydrogen mobility solutions. Large-scale
projects are emerging, thanks in large part to support from
numerous European stimulus plans. Our new partnership will allow
the first comprehensive turnkey offer to satisfy this massive
demand through joint innovation from our two groups,” added Hassen
Rachedi, Founder and Chairman and CEO of HRS.
About GAUSSIN
GAUSSIN is an engineering company that designs, assembles and
sells innovative products and services in the transport and
logistics field. Its know-how encompasses cargo and passenger
transport, autonomous technologies allowing for self-driving
solutions such as Automotive Guided Vehicles, and the integration
all types of batteries, electric and hydrogen fuel cells in
particular. With more than 50,000 vehicles worldwide, GAUSSIN
enjoys a strong reputation in four fast-expanding markets: port
terminals, airports, logistics and people mobility. The group has
developed strategic partnerships with major global players in order
to accelerate its commercial penetration: Siemens Postal, Parcel
& Airport Logistics in the airport field, Bolloré Ports and ST
Engineering in ports and Bluebus for people mobility. GAUSSIN has
broadened its business model with the signing of license agreements
accelerating the diffusion of its technology throughout the world.
The acquisition of METALLIANCE confirms the emergence of an
international group present in all segments of intelligent and
clean vehicles.
In October 2019, the group won the World Autonomous Vehicle
Transport Competition "Category leader" - "Better energy and
environmental sustainability".
GAUSSIN has been listed on Euronext Growth in Paris since 2010
(EURONEXT GROWTH - FR0013495298).
More information on www.gaussin.com.
ABOUT HRS
Founded in 2004, Hydrogen-Refueling-Solutions (HRS),
formerly TSM, is pioneer in hydrogen mobility. European designer
and manufacturer of hydrogen refuelling stations, for over ten
years, the Company has been committed to reducing transport
emissions.
Thanks to its unique experience and know-how, HRS has
developed a complete range of hydrogen refuelling stations for all
types of fuel cell vehicles that is perfectly suited to the needs
of a fast-growing European market. At its Champ-sur-Drac site,
HRS has mass production capacities that enable it to
assemble up to 60 units per year in record time, in as little as 8
weeks. A new 14,300m2 production unit, planned for the fall of
2022, near Grenoble in Champagnier (Isère), will increase
HRS's production capacity to 180 stations per year.
The Company posted 2019-2020 revenue of €10.5 million. As of
June 30, 2021, the company had 41 employees. (ISIN code:
FR0014001PM5 - ticker symbol: ALHRS).
More information on Gaussin is available on
www.gaussin.com
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version on businesswire.com: https://www.businesswire.com/news/home/20210930005881/en/
GAUSSIN Christophe Gaussin, invest@gaussin.com
+33(0)3.84.46.13.45
Ulysse Communication Nicolas Daniels,
ndaniels@ulysse-communication.com +33(0)6.63.66.59.22
Charles Courbet, ccourbet@ulysse-communication.com
+33(0)6.28.93.03.06
LHA Investor Relations – USA Jody Burfening,
jburfening@lhai.com (212) 838-3777
RooneyPartners – USA Jeanene Timberlake,
jtimberlake@rooneypartners.com (646) 770-8858
HRS CONTACTS Investor Relations ACTUS finance
& communication Grégoire SAINT-MARC hrs@actus.fr Tel. +33 1 53
67 36 94
Press Relations ACTUS finance & communication Anne
Catherine BONJOUR acbonjour@actus.fr Tel. +33 1 53 67 36 93
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