Gaussin SA and Hydrogen-Refueling-Solutions(HRS), European designer and manufacturer of hydrogen refueling stations, announced the signing of a term sheet to implement an exclusive partnership. As part of this partnership, HRSwill supply 36 hydrogen stations between 2021 and 2026 in the European Union. The agreement is intended to support the rollout of GAUSSIN's turnkey hydrogen mobility solutions for on-road and off-road applications.

As part of the agreement, HRSis investing €7 million in newly issued shares of GAUSSIN at the unit subscription price of €6.20 per share. The integration ofHRS into GAUSSIN's hydrogen ecosystem and the contribution of its station expertise, a key component of the value chain, will capitalize on the strengths of each partner, enabling the offer of a comprehensive, low-carbon mobility solution, helping to accelerate the adoption of hydrogen fuel, which is perfectly suited to GAUSSIN's heavy vehicle applications. The details of the partnership include the development of a turnkey solution marketed by GAUSSIN, comprising zero-emission vehicles for multiple uses (airports, logistics, ports, Smart Cities, roads) resulting from technological innovations in its research and development center, and the latest-generation HRShydrogen refueling station.

The stations will be manufactured on the HRS site in the Grenobloise metropolitan area. As part of this exclusive partnership, HRS will supply a minimum of 36 hydrogen stations to GAUSSIN or its customers over a period of five years, optionally supported by a new leasing solution established with BNP PARIBAS Leasing Solutions. The agreement provides for a gradual ramp-up beginning with the delivery of four 200 kg/day stations in 2021/2022, starting with two 30 days after HRS has invested in newly issued GAUSSIN shares.