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Pure Hydrogen Corporation Limited (ASX:PH2)

ALERT: Price-sensitive ASX Announcement for PH2
Current share price for PH2 : $0.085 -0.008 (-8.60%)+
Announcement
Release
2 Sep 2025 8:21AM
Price at Release
$0.093
Full Release
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Summary
Pure Hydrogen Corporation Limited has entered into a Letter of Intent with California-based GTS Group to support the rollout of hydrogen-powered heavy vehicles across North America. Under this agreement, GTS plans to purchase Pure Hydrogen's Class 8 Hydrogen Fuel Cell Tractor units and a variety of rigid trucks for its leasing customers. The LOI is contingent upon successful technical due diligence, compliance with US Department of Transportation standards, and the negotiation of definitive agreements. The collaboration aims to bolster Pure's presence in the North American market and aligns with GTS Group's mission to advance zero-emission trucking solutions in high-emission industries.
Key Points
  • Pure Hydrogen Corporation Limited has signed a Letter of Intent (LOI) with GTS Group.
  • GTS Group intends to purchase Pure Hydrogen’s Class 8 Hydrogen Fuel Cell Tractor units and rigid trucks.
  • The agreement is subject to conditions including due diligence, US DOT compliance, and negotiation of definitive agreements.
  • The Class 8 Heavy Duty 6x4 SOT Tractor is planned for delivery in Q4 CY2025.
  • The LOI marks a significant expansion of Pure's presence in the North American market.
  • GTS Group is recognized for its truck leasing program and aims to decarbonize long-haul trucking.
  • Pure Hydrogen's Managing Director, Scott Brown, highlighted the momentum gained in the US market.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.