BROSSARD, Quebec, Oct. 14, 2022 (GLOBE NEWSWIRE) — CHARBONE HYDROGEN Corporation CH (“CHARBONE“) announces the termination of the non-binding Investment Term Sheet (the “term sheet“) with GAUSSIN SA (“GAUSSIN‘), which was previously announced on May 24, 2022. CHARBONE originally intended to acquire an exclusive license to GAUSSIN’s technology for the manufacture, commercialization, marketing, distribution and sale of logistic off-road vehicles in Canada.
The parties could not agree on the final license terms. CHARBONE will continue to focus on the development and construction of its green dihydrogen molecule production and distribution facilities.
About CHARBONE
CHARBONE is a Canadian green hydrogen group based in North America. The company’s strategy is the development of modular and expandable hydrogen plants and regional hubs. With the acquisition of hydroelectric power plants in the United States and Canada, Charbone will be able to produce green hydrogen molecules with reliable and sustainable energy to differentiate itself as a green solution provider for industrial and commercial companies.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking information” within the meaning of Canadian securities laws (“forward-looking statements“). These forward-looking statements are frequently identified by words such as “intend”, “anticipate”, “expect”, “believe”, “plan”, “likely” or similar words. The forward-looking statements reflect management’s expectations, Estimates or forecasts regarding future results or events that are based on opinions, assumptions and estimates that management believes to be reasonable at the time the statements are made.Looking statements involve risks and uncertainties and inappropriate…
