SINGAPORE and TOKYO,Feb. 19,2025 -- In connection with the ongoing Smart Energy Week 2025 - H2 & FC EXPO in Tokyo,Hydrexia SingaporePte Ltd.,a wholly owned company of Hydrexia Holding Limited(Hydrexia),a leading global hydrogen technology solution provider,and Yamato H2Energy Japan (YamatoH2E),a leading system integrator and project developer of hydrogen in Japan jointly announced that the two parties have reached a memorandum of understanding (MOU). The MOU outlines the intents and the scope of work by both parties to jointly collaborate to serve the needs of the Japanese hydrogen market by leveraging their respective technology and market strengths of respective party.

Under the framework of the MOU,both parties will jointly develop hydrogen storage and transport as well as refueling station equipment to be needed for the local market. Hydrexia will provide its advanced magnesium-based solid-state and hydrogen refueling station technologies to YamatoH2E,while YamatoH2E will act as a system integrator and a channel partner to integrate Hydrexia technologies. In addition,YamatoH2E will serve as a sales and marketing channel for the jointly developed products geared toward the local market.

As part of the local compliance requirement,both parties will seek to localize certain parts of Hydrexia's technologies including,but not limited to,engineering design of products and heating systems to align with the specific needs of the Japan market.

"We are excited about working with an adept channel partner such as YamatoH2E in the Japanese market. While this marks our initial entry to this important hydrogen market through YamatoH2E,I am confident that our technology solution and product strengths can help meet the needs of the hydrogen market in Japan," said Alex Fang,the chairman and group chief operating officer of Hydrexia. "We extremely value our collaboration with YamatoH2E and are committed to collaborating with our local partner to materialize our joint efforts," Fang continued.

"We are delighted to engage in this joint effort with Hydrexia to bring advanced global hydrogen technology to our local market. Hydreixa's unique hydrogen technology solutions and products will help create substantial value-add to the Japanese market and will facilitate us in meeting the needs of our clients," said Mr. Ikuo Hirase,the president of YamatoH2E. "We will do our utmost to ensure the success of this technology integration," added Hirase.

As a leading global hydrogen technology solution provider,Hydrexia's technology solutions and products have gained considerable tractions globally in the past year. The company has expanded its business operations across Southeast Asia,Japan,India,Europe,the U.S.,and Australia.

[About Yamato H2 Energy Japan]

YamatoH2E is a leading system integrator and project developer of hydrogen and fuel cell power plants and related systems in Japan. It is engaged in the business of hydrogen power supply and manufacturing of hydrogen related equipment.

[About Hydrexia]

Hydrexia Holding Limited is a leading integrated hydrogen technology solution provider with global presence. The company specializes in providing technology solutions for hydrogen production,storage,transport,and applications. Leveraging its solid R&D capabilities and industry-leading technology,Hydrexia aims to effectively address the technology and application needs across the global hydrogen industry value chain.