Brief: HRS Obtains Support Of BPI With EUR 1.35 Mln Grant

Hydrogen-Refueling-Solutions SA

29/04/2024 06:41

April 29 (Reuters) - Hydrogen-Refueling-Solutions SA
 ALHRS.PA :
    * OBTAINS THE SUPPORT OF THE BPI WITH A EUR 1.35 MILLION
GRANT FOR
INNOVATION AND INTERNATIONAL DEVELOPMENT
    * FUNDING CONSISTS OF AN EUR 800,000 INNOVATION LOAN WITH A
3-YEAR
GRACE PERIOD, AND EUR 550,000 IN BUSINESS DEVELOPMENT ASSISTANCE
    * WILL ALSO BENEFIT FROM BPIFRANCE'S INTERNATIONAL PROJECT
GUARANTEE, WHICH WILL GUARANTEE 50% OF EQUITY INVESTED IN OUR
FUTURE US SUBSIDIARY, WITH MAX. COMMITMENT OF EUR 2.1 MILLION
OVER 3 YEARS
    * AIMS TO SET UP A SUBSIDIARY IN UNITED STATES TO ADDRESS
NORTH
AMERICAN MARKET DIRECTLY FROM SECOND HALF OF 2024

Source text for Workspace:  ID:nACT85376 
Further company coverage:  ALHRS.PA 

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