ROCHESTER, N.Y., July 1, 2021 /PRNewswire/ -- Nearly twice as heavy as the Space Shuttle,
Hyzon Motor Inc.'s 154-ton hydrogen fuel cell-powered trucks
are planned for launch in
Europe.
Hyzon, a leading global manufacturer of hydrogen commercial
vehicles, announced today that it will sign a memorandum of
understanding to supply the truck, used in construction operations,
to a European heavy lift, transport and rigging group.
Hyzon already produces the highest-density fuel cell on the
market, as verified by third-party testing authorities. The new
truck deployment is expected to build on this existing advantage,
allowing Hyzon's customers to power more challenging industrial
work with clean hydrogen fuel.
"This technological development will demonstrate that hydrogen
fuel cell vehicles can replace diesel for even the most heavy-duty
needs," said Hyzon CEO Craig
Knight. The fully loaded trucks, 154 tons by U.S.
measurement, are considered the industry's heaviest, and are
expected to provide 480 kilowatts of power.
The truck agreement comes as Hyzon readies for a public listing
on Nasdaq via a business combination with Decarbonization Plus
Acquisition Corporation. (NASDAQ: DCRB).
Additional interest in Hyzon's heavy trucks has been expressed
by current and potential customers in Europe and Australia, such as mining companies and
companies in other industries which require high-performance
vehicles for use in rugged terrain, over long distances, and in
rigorous industrial activities.
About Hyzon Motors Inc.
Headquartered in Rochester, N.Y., with U.S. operations also in
Chicago and Detroit, and international operations in
the Netherlands, Singapore, Australia and China, Hyzon is a leader in hydrogen mobility.
Hyzon is a pure-play hydrogen mobility company with an exclusive
focus on hydrogen in the commercial vehicle market. Utilizing its
proven and proprietary hydrogen fuel cell technology, Hyzon aims to
supply zero-emission heavy duty trucks and buses to customers in
North America, Europe and around the world. The company is
contributing to the escalating adoption of hydrogen vehicles
through its demonstrated technology advantage, leading fuel cell
performance and history of rapid innovation. Visit
www.hyzonmotors.com.
Forward-Looking Statements
This press release includes
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements, other
than statements of present or historical fact included in this
press release, including those regarding Decarbonization Plus
Acquisition Corporation's ("DCRB") proposed acquisition of Hyzon
and DCRB's ability to consummate the transaction, are
forward-looking statements. When used in this press release, the
words "could," "should," "will," "may," "believe," "anticipate,"
"intend," "estimate," "expect," "project," the negative of such
terms and other similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain such identifying words. These forward-looking
statements are based on management's current expectations and
assumptions about future events and are based on currently
available information as to the outcome and timing of future
events. Except as otherwise required by applicable law, DCRB and
Hyzon disclaim any duty to update any forward -looking statements,
all of which are expressly qualified by the statements in this
section, to reflect events or circumstances after the date of this
press release. DCRB and Hyzon caution you that these
forward-looking statements are subject to numerous risks and
uncertainties, most of which are difficult to predict and many of
which are beyond the control of either DCRB or Hyzon, including
risks and uncertainties described in the "Risk Factors" section of
Exhibit 99.3 of DCRB's Current Report on Form 8-K filed with the
U.S. Securities and Exchange Commission (the "SEC") on February 9, 2021, the "Risk Factors" section of
DCRB's definitive proxy statement on Schedule 14A filed with the
SEC on June 21, 2021, and other
documents filed by DCRB from time to time with the SEC. These
filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements,
such as risks related to the ability to convert non-binding
memoranda of understanding into binding orders or sales (including
because of the current or prospective financial resources of the
counterparties to Hyzon's non-binding memoranda of understanding
and letters of intent), or the ability to identify additional
potential customers and convert them to paying customers. Hyzon
gives no assurance that Hyzon will achieve its expectations.
Important Information for Investors and
Stockholders
In connection with the proposed business
combination, DCRB filed a proxy statement and other relevant
documents with the SEC. Stockholders and other interested persons
are urged to read the proxy statement and any other relevant
documents filed with the SEC because they contain important
information about DCRB, Hyzon and the proposed business
combination. Stockholders may obtain a free copy of the proxy
statement, as well as other filings containing information about
DCRB, Hyzon and the proposed business combination, without charge,
at the SEC's website located at www.sec.gov.
Participants in the Solicitation
DCRB, Hyzon and their
directors and executive officers and other persons may be deemed to
be participants in the solicitations of proxies from DCRB's
stockholders in respect of the proposed business combination and
the other matters set forth in the proxy statement. Information
regarding DCRB's directors and executive officers is available in
DCRB's Annual Report on Form 10-K for the annual period ended
December 31, 2020, and under the
heading "Information About DCRB" in DCRB's definitive proxy
statement related to the proposed business combination filed with
the SEC on June 21, 2021. Additional
information regarding the participants in the proxy solicitation
and a description of their direct and indirect interests, by
security holdings or otherwise, is set forth in the proxy statement
relating to the proposed business combination.
Hyzon Motors contacts
For U.S., Europe and Asia media:
Caroline Curran
Hill+Knowlton Strategies
+1 256-653-5811
caroline.curran@hkstrategies.com
For Australasian media:
Fraser Beattie
Cannings Purple
+61 421 505 557
fbeattie@canningspurple.com.au
For investors:
Caldwell Bailey
ICR, Inc.
HyzonMotorsIR@icrinc.com
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SOURCE Hyzon Motors Inc.