Nel ASA: Has Secured Repeat-Order for Two New Hydrogen Stations and Has Initiated Production of New Generation H2station®

Regulatory News:

Nel Hydrogen Solutions (OSE:NEL) has secured a repeat-order for two new CAR-200 hydrogen stations from an undisclosed European customer. Nel Hydrogen Fueling, formerly known as H2 Logic A/S and a division of Nel ASA (Nel), has initiated production of CAR-200, the latest generation H2Station®.

"We are very pleased to begin production of the new generation H2Station® at our current factory in Herning. Customer feedback for the fueling station has been very positive so far. A repeat-order being secured even before the first unit has been installed with the customer, both confirms that the product is meeting market expectations, but also sets the stage for our growth moving forward,” says Jacob Krosgaard, Senior Vice President of Nel Hydrogen Solutions, a newly established division of Nel.

The repeat order for two additional H2Station® CAR-200 and associated equipment has a total value of approx. EUR 2 million and is planned for delivery in 2017.

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About Nel

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. We serve industries, energy and gas companies with leading hydrogen technology. Since its foundation in 1927, Nel has a proud history of development and continual improvement of hydrogen plants. Our hydrogen solutions cover the entire value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today. www.nel-hydrogen.com.

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