Four Hydrogen Trucks to Hit the Road in
Southern California as Part of Performance Food Group’s
Decarbonization Efforts
Hyzon Motors Inc. (Hyzon) (NASDAQ: HYZN), a leading hydrogen
fuel cell technology developer and global supplier of zero-emission
heavy-duty fuel cell electric vehicles (FCEVs), today announced
that it delivered four FCEVs to leading food distributor and
supplier Performance Food Group (PFG) (NYSE: PFGC), in a joint
ceremony. The event, held at PFG’s Vistar facility in Fontana, was
attended by local government leaders, company leaders, and PFG
associates, and showcased the new FCEVs by offering ride along
demonstrations.
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Leaders from Performance Food Group (PFG)
and Hyzon celebrate the delivery of four fuel cell electric
vehicles (FCEVs) in Fontana, CA today. Left to Right: Pat Griffin,
Hyzon North America President; Dr. Bappa Banerjee, Hyzon Chief
Operating Officer; Jeff Williamson, Senior Vice President,
Operations, Performance Food Group; Parker Meeks, Hyzon Chief
Executive Officer; Jesse Armendarez, 2nd District, San Bernardino
County Supervisor (Photo: Business Wire)
“Putting these zero-emission trucks on the road marks an
important step toward decarbonization goals shared by PFG, Hyzon
and the state of California,” said Parker Meeks, Chief Executive
Officer of Hyzon. “Our fuel cell technology will help Vistar’s
heavy-duty trucking operations operate emission free and with
reduced noise pollution. We are deeply grateful for our partnership
with PFG, as it helps to further our collective goals to reduce
carbon emissions from heavy-duty trucking.”
Meeks added, “The deployment of these vehicles is a major
milestone for Hyzon’s industry leading technology, and through this
partnership we expect to gain valuable insight through real-world
operations. Further, we expect that this intelligence will help us
to optimize our technology, while working simultaneously to develop
the next-generation 200kW fuel cell system.”
Hyzon’s hydrogen FCEVs have an expected travel range of up to
350 miles today and an expected refueling time of fifteen minutes
with fast fill dispensing. PFG plans to insert the vehicles into
its fleet and put them in service to deliver snacks, candy, and
beverages to its customers. The vehicles will be fueled with
hydrogen delivered by Pilot Travel Centers LLC, a leading fuel and
energy provider with the largest network of travel centers in North
America.
The delivery comes six months after Hyzon and PFG initially
announced their fuel cell electric vehicle agreement. Hyzon is one
of the first companies to deliver a heavy-duty fuel cell electric
truck, also referred to as tractors, in the U.S.
“Food distribution is an essential service and critical to the
companies and communities we serve. As we look towards the future,
it’s important for us to work towards sustainability goals and
improve our transportation infrastructure,” said Jeff Williamson,
Senior Vice President, Operations, PFG. “At PFG, we remain
dedicated to reducing our environmental footprint and serving the
Southern California region responsibly. We’re excited to have
partners like Hyzon as we continue to demonstrate our commitment to
being a good neighbor to every community we serve.”
Zero-emission, hydrogen fuel cell vehicles offer similar
benefits and convenience as diesel fuel trucks without the harmful
emissions that worsen air quality and have negative environmental
impacts. Additionally, FCEVs have numerous advantages over battery
electric vehicles (BEVs) in terms of payload, range, and refueling
time. FCEVs are expected to be around 6,000-8,000 pounds lighter
than BEVs, have a longer range, and can be refueled in as little as
15-20 minutes compared to up to three hours for BEV. These factors
make FCEVs a natural choice for distribution and heavy-duty freight
companies.
Vistar’s southern California office is located in Fontana, a
suburb of San Bernardino with more than 200,000 residents and
hundreds of businesses that depend on the company’s food and
beverage distribution services. The company has been at the
forefront of transitioning away from diesel to reduce the amount of
harmful emissions being spread nationwide. Last August, PFG and
Hyzon announced the successful completion of a landmark demo of
Hyzon’s Liquid Hydrogen FCEV through Temple, TX, where the truck
demonstrated its ability to deliver commercial loads on a 16-hour
continuous route covering more than 540 miles and including
temperatures above 100-degrees Fahrenheit.
With the delivery of these vehicles and subject to a successful
trial with Hyzon’s next generation 200kW FCEV as previously
announced, Hyzon and PFG intend to work together on an agreement
for 15 200kW FCEVs and an option for an additional 30 FCEVs.
About Hyzon
Hyzon Motors is a global supplier of high-power fuel cell
technology focused on integrating its solutions into zero-emission
heavy-duty fuel cell electric vehicles. Utilizing its proven and
proprietary hydrogen fuel cell technology, Hyzon aims to supply
zero-emission heavy duty trucks to customers in North America,
Europe, Australia, and New Zealand to mitigate emissions from
diesel transportation - one of the single largest sources of global
carbon emissions. Hyzon collaborates with partners across the
hydrogen value chain to bring clean hydrogen to the market to
support fuel cell vehicle deployments. Hyzon is contributing to the
adoption of commercial fuel cell electric vehicles through its
demonstrated technology advantage, fuel cell performance and
innovation. Visit www.hyzonmotors.com.
About Performance Food Group Company
Performance Food Group is an industry leader and one of the
largest food and foodservice distribution companies in North
America with more than 150 locations in North America. Founded and
headquartered in Richmond, Virginia, PFG, and our family of
companies, market and deliver quality food and related products to
300,000+ locations including independent and chain restaurants;
businesses, schools and healthcare facilities; vending and office
coffee service distributors; and big box retailers, theaters and
convenience stores. PFG’s success as a Fortune 100 company is
achieved through our more than 35,000 dedicated associates
committed to building strong relationships with the valued
customers, suppliers and communities we serve. To learn more about
PFG, visit pfgc.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, are forward-looking
statements. When used in this press release, the words “aim,”
“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, including statements about the estimated performance
and development of the hydrogen FCEVs and PFG’s plans for the
delivered trucks 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, Hyzon
disclaims 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. Hyzon cautions 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
Hyzon, including risks and uncertainties described in the "Risk
Factors" sections of Hyzon's Form 10-K for the year ended December
31, 2022 filed with the SEC on May 31, 2023, its Form 10-Q for the
quarter ended September 30, 2023 filed on November 14, 2023, and in
other documents filed by Hyzon 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 or vehicle trial agreements 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.
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Hyzon Motors, Inc. Contacts For media inquiries:
Hyzon@teamavoq.com
For investors: ir@hyzonmotors.com
Performance Food Group, Inc. Contacts For media
inquiries: scott.golden@pfgc.com
For investors: bill.marshall@pfgc.com
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