MISSISSAUGA, Ontario, March 11, 2026 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. ("Next Hydrogen" or the "Company") is pleased to announce that it has been awarded two contracts with a combined value of approximately $3.75 million to demonstrate its leading-edge electrolyzer technology solution within the highly specialized nuclear application (the "Project").
Under the agreement, Next Hydrogen will deliver a customized electrolyzer system tailored to the stringent performance, reliability, and operating parameters required within advanced nuclear environments.
Raveel Afzaal, President and CEO of Next Hydrogen, commented: "We are pleased to deploy our advanced electrolyzer technology for this highly specialized nuclear application. This award further validates the technical differentiation of our electrolyzer platform and its suitability for some of the most demanding applications in the energy sector. Next Hydrogen expects this project to serve as a foundation for potential follow-on opportunities as the application advances toward broader deployment."
For further information contact:
Next Hydrogen Solutions Inc.
Raveel Afzaal, President and Chief Executive Officer
Email: rafzaal@nexthydrogen.com
Phone: 647-961-6620
www.nexthydrogen.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements
This news release contains "forward-looking information" and "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes", or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the Company's focus and go-forward business plans; the risks associated with the hydrogen industry in general; uncertainty with respect to the timing of any contemplated transactions or partnerships, or whether such contemplated transactions or partnerships will be completed at all; the timing for any submissions or correspondences with applicable securities law regulators; whether the uncertainty of estimates and projections relating to costs and expenses; failure to obtain timely necessary regulatory approvals and all required TSXV approvals; health, safety and environmental risks; uncertainties resulting from potential delays or changes in plans with respect to infrastructure developments or capital expenditures; currency exchange rate fluctuations; general economic conditions; stock market volatility; and the ability to access sufficient capital. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Company will not update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.
