First Hydrogen Corp. (Company) signed a term sheet with EV Technologies Inc. (EVT) to develop a high-power compact battery that is state of the art and designed specifically for hydrogen-powered-fuel-cell vehicles. First Hydrogen and EVT will undertake the preparation of a commercial partnership agreement outlining technical requirements and investment.

First Hydrogen will own all intellectual property developed during and in relation with the partnership, which shall be used for the sole purpose of manufacturing the Battery. The company's engineering team and automotive partners have determined that the new battery system being developed and designed will have greater efficiency and increased performance for its hydrogen-powered- fuel-cell-vehicles (FCEV). The new battery design will integrate with the hydrogen fuel cell in the vehicles for the hydrogen powered vehicle market (FCEV).

First Hydrogen assessed the latest battery technologies offered globally that lead to Quebec-based EVT, a recognized leader in developing innovative, reliable and high-performance traction battery system, after being unable to locate a battery that would meet First Hydrogen's strict specifications. First Hydrogen's hydrogen-powered FCEV's have accumulated more than 10,000 km through testing including road trials with UK fleet owners and operators, RIVUS and utility company SSE plc. The FCEV have demonstrated a range of 630 km on a single refuelling, easily doubling the range of electric light commercial vehicle (240 km).

First Hydrogen is dedicated to ongoing enhancements in product quality and advancements in vehicle powertrain performance.