Hynion AS today published its preliminary year-end report for 2023.

SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR 
o	Hynion reorganized for powerful investment in Sweden and Slavica Djuric became
acting CEO of Hynion AS, while remaining CEO of Hynion Sverige AB and IR
Manager.
o	Hynion Sverige AB refueled a new hydrogen truck from a leading vehicle
manufacturer, powered by a hydrogen combustion engine with Westport injection
system. 
o	Hynion Sverige signed an attractive land agreements in Vasteras, Jonkoping
and Goteborg for the new, large hydrogen stations under construction by Hynion.

o	Hynion AS received an order for a demo hydrogen refueling station and began
cooperation with Hydrogen Elektriske Byggeplasser AS for the establishment. The
station will be put in operation in Norway, and the order includes a service
contract for five years. 
o	Hynion Sverige AB was granted building permit for the hydrogen refueling
station to be built in Vasteras.
o	Hynion AS and Boson Energy signed a Letter Of Intent regarding cooperation for
the joint establishment of Boson gasification plants for hydrogen production
from waste co-located with hydrogen refueling stations provided by Hynion. 
o	Hynion Sverige AB was granted building permit for the new construction of a
hydrogen refueling station in the Torsvik logistics area in Jonkoping. 
o	Hynion's hydrogen refueling station in Porsgrunn was certified. Increased
requirements for extra third-party inspections unfortunately takes time.
o	Max Lennaard strengthened the organization as the new CEO of Hynion Sverige
AB. 
o	Construction of Hynion's hydrogen refueling station in Vasteras started.
First main work is ground preparations and preparations of container foundations
and fire protection walls. 
SIGNIFICANT EVENTS AFTER THE FINANCIAL YEAR 
o	The Board has decided to propose Carl Christopher (Chris) Tornblom as acting
chairman of the board. Chris will be immediately involved in the group's
development before a formal decision at the company's annual general meeting in
April. 
KEY FINANCIALS
o	Hynion Group had revenues from hydrogen sales of MNOK 4.63 in 2023 compared to
MNOK 4.16 in 2022. 
o	Net profit Hynion group was negative MNOK 32.2 compared to negative MNOK 29.2
in 2022.
o	The cash balance end of period was MNOK 13.0 compared to MNOK 41.6 in 2022. 

YEAR 2023 
"This year, our main focus has been on the establishment of our next generation
hydrogen stations in Sweden. We signed land agreements in Vasteras and
Jonkoping and could break ground in Vasteras in the end of the year, thanks
to excellent cooperation with the City of Vasteras. 
This project is not only a milestone for us, but we're manifesting our vision
for a greener future into reality, leading by example in the shift towards
sustainable energy", says Slavica Djuric, CEO Hynion Group.
The building of the large hydrogen refueling stations in Vasteras and
Jonkoping is really the first start of a professional hydrogen infrastructure
network in Sweden. The refueling capacity of each of these stations is larger
than the sum of all the hydrogen refueling stations that today are in operation
in Sweden, Norway and Denmark. 
In parallel to building these new stations, we are maintaining the operation of
our present stations in Sweden and Norway. Even if the number of vehicles still
is low, we believe it is important to support all the early adopters, who have
invested in their first vehicles of the future, super-clean transport. Examples
of this are the two refuse trucks of Renova in Goteborg, the two fuel cell
buses of X-trafik in Sandviken and many cars, both company and privately owned.
We have also had visits to our hydrogen refueling stations in Sweden by
prototype and preproduction trucks that are out on road tests, before they are
officially presented to the public. 
Looking forward, we are ready to build upon these solid foundations with
strategic initiatives aimed at enhancing our market position and contributing to
a greener future. Together, we are forging a path that will not only benefit our
shareholders but also our community and the environment. We will enter into new,
exciting co-operations for this development in the near future. 
The annual report is attached and can also be found on our website.
www.hynion.com

For additional information contact:
Slavica Djuric, CEO Hynion AS
Phone +46 73 072 60 76, sd@hynion.com

About Hynion
Hynion builds, owns and operates hydrogen refueling stations in and around the
largest cities in Scandinavia. The company offers hydrogen refueling stations
based on its own technology and decades of experience for turnkey establishment
and operation by interested actors or within the framework of collaborations or
co-ownership. The company's management also has extensive experience in
establishing and running start-ups in hydrogen technology and renewable energy.
https://www.hynion.com

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