REG - Clean Power Hydrogen - Settlement with GHFG

Clean Power HydrogenAnnouncement

04/11/2024 07:00

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RNS Number : 7828K  Clean Power Hydrogen  04 November 2024

 

4 November
2024

Clean Power Hydrogen plc

("CPH2", the "Company" or the "Group")

Settlement with GHFG

CPH2, the UK-based green hydrogen technology and manufacturing company that
has developed the IP-protected Membrane-Free Electrolyser ("MFE"), is pleased
to announce the settlement of its legal action with GHFG Limited ("GHFG"),
initially disclosed on 6 June 2023.

All parties have agreed to settle and resolve matters amicably, with no
admission of fault. Under the terms of the settlement, the Company will not
claim nor pay any damages and all legal action will be terminated by both
parties. As stated on 6 June 2023, the licence agreement with GHFG had already
been terminated.

 

Jon Duffy, CEO of Clean Power Hydrogen commented:

"We are pleased to have reached an amicable solution with GHFG. Our focus,
following the commercialisation of the MFE110, is on the commercial roll-out
of the groundbreaking technology as well as delivering the MFE220 through
licensing agreements and our own manufacturing in Doncaster."

ENDS

 

For more information, please contact:

 

 Clean Power Hydrogen plc                                via Camarco
 Jon Duffy, Chief Executive Officer
 James Hobson, Chief Financial Officer

 Cavendish Capital Markets Limited - NOMAD & Broker
 Neil McDonald                                           +44 (0)131 220 9771
 Peter Lynch                                             +44 (0)131 220 9772
 Adam Rae                                                +44 (0)131 220 9778

 Camarco PR                                              + 44(0) 20 3757 4980
 Billy Clegg
 Owen Roberts
 Lily Pettifar

 

To find out more, please visit: https://www.cph2.com (https://www.cph2.com)

 

Overview of CPH2

 

CPH2 is the holding company of Clean Power Hydrogen Group Limited which has
almost a decade of dedicated research and product development experience. This
experience has resulted in the creation of simple, safe and sustainable
technology which is designed to deliver a modular solution to the hydrogen
production market in a cost-effective, scalable, reliable and long-lasting
manner. The Group's strategic objective is to deliver the lowest LCOH in the
market in relation to the production of green hydrogen. CPH2 is listed on the
AIM market and trades under the ticker LON:CPH2.

 

 

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