ROCHESTER, N.Y., July 18, 2021 /PRNewswire/ -- Hyzon Motors
Inc., through its wholly owned subsidiary Hyzon Motors Australia,
is cleaning up garbage collection through a partnership with
Superior Pak, a leading Australian manufacturer of waste handling
equipment. This announcement comes ahead of Hyzon Motors' first day
of trading under the symbols "HYZN" and "HYZNW" on the Nasdaq
Marketplace, scheduled for Monday, July
19.
Hyzon, a global supplier of zero-emission, hydrogen
fuel-cell vehicles, announced today a Memorandum of Understanding
to develop and supply 20 refuse collection vehicles (RCV) together
with Superior Pak. The partnership will leverage Superior Pak's 25
years of experience designing and engineering mobile waste
collection and compaction equipment and Hyzon's leading fuel cell
technology.
The companies aim to deliver a zero-emissions, high-performance
side lift garbage truck, capable of undertaking the 1500-2000
compactor lifts required during an 8-10 hour suburban working
cycle. The first 5 vehicles are expected to be delivered and
operational in Q2 2022.
Three of the first 5 vehicles are expected to be available from
Hyzon under minimum 1 month demonstration loan arrangements in the
Brisbane, Sydney and Melbourne areas associated with available
hydrogen refueling facilities. Orders are currently being
accepted for the balance of 15 vehicles with expected demand from
local governments as well as waste collection operators across
Australia.
Superior Pak has already delivered over 3,000 compaction units
for more than 50 municipalities in Australia and New
Zealand, providing existing relationships from which to grow
the distribution.
"Over 530 Australian municipalities manage waste collection for
their residents, many of which have committed to net-zero emissions
across their operations," said Hyzon CEO Craig Knight. "Despite these commitments, few
viable zero-emissions options exist."
In fact, the vehicle developed by Hyzon and Superior Pak is
expected to be the first clean RCV available in Australia to undertake full operational
curb-side collection duties.
Refuse collection offers a particularly suitable application for
hydrogen fuel cell technology to replace diesel, as the
back-to-base model allows for a central refueling infrastructure.
Operating the hydraulic lifts also demands significant power, which
Hyzon's high-density fuel cells can readily supply.
"Clean waste management is no longer an oxymoron," said
Rob Wrigley, Managing Director of
Superior Pak. "The benefits to the environment, the communities and
drivers is enormous, so we are determined to develop a reliable,
accessible option within a year."
Hydrogen vehicles, with their rapid torque, long-range, almost
silent running and quick refueling – all while only emitting
water vapor – are primed to take off in the garbage collection
segment.
About Hyzon
Headquartered in Rochester, NY with US 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.
About Superior Pak
Superior Pak has supplied the waste
industry with waste management equipment solutions since 1994.
Superior Pak is an industry leader with the most comprehensive,
innovative and industry proven range of waste management products
available to the waste collection and management industry. With
unparalleled expertise, Superior Pak continues to manufacture and
provide industry-leading products, sales and after-market services
throughout Australia and
New Zealand with 25+ years of
manufacturing and supply experience.
The cornerstones of the success and sustainability of the
company are:
- Constant improvement and innovation to develop industry leading
products that are safe, reliable, and give Superior Pak's customers
the ability to perform their jobs as efficiently and stress-free as
possible.
- An unprecedented level of back-up service that keeps fleets
operating smoothly and minimises downtime.
Superior Pak's approach to innovation and product development
begins with the end-users. The continuous communication and
feedback systems the company has in place, ensures that Superior
Pak's engineering and manufacturing teams are developing products
that are not only compliant with OH & S and industry standards,
but meet and exceed client expectations. Super Pak understands that
for its customers in the municipal and industrial waste collection
markets, speed, performance and reliability are key factors in
their own efficiency, profitability and ultimately their successful
operation.
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 "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 Exhibit
99.3 of Hyzon'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
Hyzon's definitive proxy statement on Schedule 14A filed with the
SEC on June 21, 2021, 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,
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.
Media contacts
Hyzon Motors
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
