CHARBONE Systems Inc. enters term sheet agreement with Resato Hydrogen Tech

BROSSARD — CHARBONE HYDROGEN Corporation’s subsidiary, CHARBONE Systems Inc., has entered into a non-binding Term Sheet with Resato Hydrogen Technology B.V. for the exclusive sales, marketing, distribution and servicing of Resato’s Hydrogen Refueling Stations technologies for the Canadian market.

Charbone System will be importing the HRS from Europe and would have an option to extend the agreement to acquire the rights to manufacture and assemble the HRS locally in Canada under Resato trademark.

Charbone continues its efforts to create local markets with modular and scalable regional hubs dedicated to the production and distribution of green hydrogen. At the same time, the company is working to develop partnerships with hydrogen-related original equipment manufacturers, technology suppliers, existing hydrogen users, and participating in innovations in new usages and processes to reduce greenhouses gases.

Under the TS, Charbone will dedicate resources towards a professional marketing and sales team for the Canadian market, and create partnerships with local companies for the operation, maintenance, and services of the HRS. Resato will train and supervise Charbone Systems teams. Charbone will be responsible for the engineering and the adaptation to the Canadian, provincials’ and other stakeholders codes and regulations on behalf of Resato.

“I’m delighted that we have succeeded at Charbone in partnering with such an experienced and skilled company in Hydrogen Refuelling Technology,” said Dave B. Gagnon, chairman and CEO of Charbone in a statement.

“Charbone’s ability to promote its model in the North American markets to an international and credible partner such as Resato and bring their high quality and efficient HRS technology to Canada will be instrumental for the building of the Canadian hydrogen ecosystem.”