Hydrexia Singapore Pte Ltd., a wholly-owned subsidiary of Hydrexia Holding Ltd., a leading H₂ technology solution provider, and PT Samator (Samator), a holding company in Indonesia with main line businesses in industrial gas, healthcare, energy and EPC, announced that the two companies have entered a memorandum of understanding (MoU) for a H₂ strategic business partnership in the Indonesian market and beyond.

Under the terms of the agreement, Hydrexia and Samator will join hands in developing H₂ solutions geared toward meeting the local H₂ market needs. Hydrexia will leverage its advanced H₂ technology solutions and equipment, and Samator will function as the customer channel entity in the local market for a wide range of H₂ solutions and equipment covering H₂ purification, transport, and storage.

Samator is the leading industrial gas player in Indonesia with a strong emphasis on industrial supply of H₂ development solutions for the local market with various H₂ products. Hydrexia is a leading technology solution provider with a global presence known for its across value chain H₂ technology solutions. The partnership provides a win-win scenario where both companies can fully leverage their technological and market strengths.

"We are thrilled to have formed this partnership with Samator to facilitate the H₂ market development in the Indonesian market. Collaborating with a strong local partner such as Samator enables us to best leverage Hydrexia's H₂ technology solutions," said Alex Fang, the chairman and CEO of Hydrexia. "We look forward to working with Samator through each stage of our business collaboration to meet the local requirements, "Fang continued.

"We are pleased to have chosen to partner with Hydrexia as there is a strong synergy between what the company can offer technologically and our overall plan to expand the local H₂ market," commented Rachmat Harsono, the CEO of Samator. "With the technology prowess of our partner, we are in a strong position to provide the best solutions to address our H₂ market needs now and beyond," Harsono added.