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Charbone Hydrogen signs agreement with Gaussin for the manufacturing of H2 vehicles in Canada

Charbone has signed an Agreement in Principle (AiP) with Gaussin, under which Charbone intends to invest to obtain exclusive license to Gaussin technology for the manufacture, marketing, distribution and sale of off-road logistics vehicles. The finalization of the AiP remains subject to the signature for a definitive license agreement for a period of 20 years with the right to sublicense by June 22, 2022.

Charbone intends to sub-license the technology to a new joint venture which will be formed in Canada to accelerate the deployment of H2-powered vehicles intelligent and zero-emission models from Gaussin as well as terminal tractors, which market targets Canadian seaports and logistics centers.