Charbone Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company, announced the delivery of its electrolyzer to its flagship site in Sorel-Tracy, Quebec. This milestone signifies tangible progress in the company's Phase 1B development plan to increase clean ultra-high purity (UHP) hydrogen production capacity and meet growing demand from industrial customers.
The electrolyzer, which produces hydrogen through water electrolysis, is the technological core of the next production phase at the site. Its arrival enables Charbone's teams, construction contractors, and technical partners to begin positioning, installation, and integration into the existing infrastructure. Civil engineering work and foundation preparation have been planned to accommodate the equipment, and activities will proceed according to the company's execution schedule, including component assembly, mechanical and electrical connections, testing, and commissioning.
Dave Gagnon, President and CEO of Charbone, expressed pride in reaching this milestone, noting that the delivery represents a pivotal step in realizing the company's vision and one of the most important moments in its history. He stated, "The risks associated with delivery are now behind us." Gagnon also confirmed that the previously communicated timeline for a fall launch remains on track, and the company looks forward to providing updates as it advances through commissioning and ramp-up.
This development is part of Charbone's modular and phased strategy, allowing the company to add production capacity in line with demand while maintaining disciplined development. The company serves customers in sectors such as semiconductors, artificial intelligence and data centers, advanced pharmaceuticals, and aerospace and defense, where UHP gases are critical for high-precision manufacturing.
The arrival of the electrolyzer is a significant step toward increasing production capacity at the Sorel-Tracy site. Charbone's approach focuses on decentralized, demand-driven production and integrated storage and distribution for all UHP gases, which supports scalable growth and operational flexibility. This model aims to efficiently serve mid-tier industrial gas customers with reliable supplies of hydrogen, helium, oxygen, and other high-demand gases.
Charbone is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gases. The company is listed on the TSX Venture Exchange, OTC Markets, and Frankfurt Stock Exchange. For more information, visit www.charbone.com.
This milestone underscores Charbone's progress in executing its development plan and positions the company to meet the rising demand for clean hydrogen. The successful installation and commissioning of the electrolyzer will enable Charbone to serve its key customers and create sustainable value for shareholders.
