HYZON MOTORS PUBLISHES WHITEPAPER SHOWCASING CUTTING-EDGE SINGLE STACK 200KW FUEL CELL SYSTEM

Proprietary 200kW Fuel Cell System Reduces Weight, Space, and Cost for Heavy-Duty, Zero-Emission Truck

ROCHESTER, N.Y., May 2, 2023 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN), a global supplier of zero-emission heavy-duty fuel cell electric vehicles, today published Designing the Future of Fuel Cells, a whitepaper describing the Company's progress towards producing a single stack 200kW fuel cell system.

To meet heavy-duty transport's power requirements, most Original Equipment Manufacturers (OEMs) have opted to combine two complete sets of 90-150kW fuel cell systems. Thanks to Hyzon's in-house fuel cell system design and production, combined with a strategic network of suppliers, Hyzon's 200kW fuel cell system features a single stack that generates enough electricity to meet these power requirements.

Hyzon's single stack shows significant benefits compared to the traditional approach of combining two ~100kW fuel cell systems, including:

• 30% reduction in total volume
• 25% reduction in total fuel cell system manufacturing costs
• 30% reduction in total weight
• 20% increase in miles driven per kg of hydrogen*

Hyzon is displaying its single stack 200kW fuel cell system and offering rides in its 200kW fuel cell electric truck at the Advanced Clean Transportation (ACT) Expo in Anaheim, CA, from May 1-4, 2023.

Read the full white paper here.

* Compared to test data from the 120kW truck, early testing of the 200kW truck at a test track showed an approximately 20% increase in miles per kg of hydrogen using similar payload and route simulations on a flat road.

About Hyzon

Hyzon is a global supplier of fuel cell electric mobility, with US operations in the Rochester, Chicago and Detroit areas, and international operations in the Netherlands, Australia, and China. Hyzon is an energy transition accelerator and technology innovator, providing solutions in the transport sector with a focus on commercial vehicles and hydrogen supply infrastructure. Utilizing its proven and proprietary hydrogen fuel cell technology, Hyzon's mission is to supply zero-emission heavy duty trucks to customers in North America, Europe and around the world to mitigate emissions from diesel transportation - one of the single largest sources of carbon emissions globally. The Company is contributing to the adoption of fuel cell electric vehicles through its demonstrated technology advantage, fuel cell system performance, and 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, are forward-looking statements. When used in this press release, the words "aims", "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, 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" section of Hyzon's Annual Report on Form 10-K/A for the year ended December 31, 2021 filed with the U.S. Securities and Exchange Commission (the "SEC") on March 14, 2023, and 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. Hyzon gives no assurances that Hyzon will achieve its expectations. 

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SOURCE Hyzon Motors Inc.