Vancouver, British Columbia, June 6, 2024 – In light of the recent announcement regarding the termination of the Amalgamation Agreement with Loop Energy™ Inc. (“Loop”), H2 Portable Power Corp. (“H2P”, “H2 Portable” or the “Company”) announces it has decided to continue its journey as a private entity and clarifies its stance on several key fronts.
Remaining Private:
After careful consideration and exploration of public markets, and in the interest of existing shareholders, H2P has opted to remain private, underscoring the Company’s dedication to stay lean, and operate with agility and speed-to-market. The decision arises amid strong market demand for clean energy alternatives to industrial diesel power generation, positioning H2P to be a pioneer in delivering practical hydrogen Advanced Power Solutions.
“While our decision to remain private underscores our dedication to operational agility, it does not diminish our resolve to lead the charge in hydrogen Advanced Power Solutions. We are excited about the opportunities that lie ahead and remain steadfast in our mission to deliver groundbreaking industrial solutions that lead the next frontier in clean energy.”
– Scott Mason – H2 Portable, CEO
Focused on Pilot Projects:
H2P continues to put all operational efforts in delivering the first two pilot projects underway with DP World Canada and MBS Equipment Co. Canada, both slated for customer delivery this summer. The field launch of these products serve as a critical milestone in validating H2P’s technology offering, while providing invaluable product and market insights into the Port Operations and Film industries.
Concurrently, H2P continues to solidify its commercial product offering and initiate discussions with other leading companies to further market penetration in these industries.
Mitigating Supply Chain Risks:
H2P remains dedicated to integrating proven and robust technologies, as it evaluates the many alternative Fuel Cell options available in the market.
About H2 Portable
H2 Portable is an equipment and technology supplier and partner to growing hydrogen ecosystems. Trailblazing the next frontier in clean energy through hydrogen-electric Advanced Power Systems for industrial markets around the globe. The company’s product portfolio presents practical solutions for customers seeking to decarbonize their operations through off-grid and zero-emissions equipment, while matching the capabilities and functionality of current industrial diesel offerings. Committed to innovation and environmental stewardship, H2P is positioned to transform industry, reduce global climate impact, and to energize industry with the most abundant element on planet earth.
