Hyzon motors inc. reports first quarter 2022 financial and operational results

Recent business highlights achieved the significant milestone of producing our first domestic fuel cell stack and system, ahead of schedule, utilizing our proprietary in-house membrane electrode assembly ("mea") production line signed definitive agreement to increase ownership in hyzon motors europe b.v. from 50.5% to 75% entered into a vehicle supply agreement with hylane for 5 additional hyzon fuel cell trucks, bringing total hylane agreements to 23 trucks significant progress in un demonstration city, foshan china; won a public procurement bid for up to $8 million to supply municipal trucks to hanjie urban environmental management co., ltd in addition to the previously announced 8 hyzon trucks for trial under the foshan dump truck association mou recorded first sales of fuel cells to customers validating applications outside of vehicles, one of which went to zeroavia appointed samuel chong chief financial officer with mark gordon transitioned to a senior advisor role rochester, n.y.
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