00:14:00 EST Tue 24 Feb 2026
Enter Symbol
or Name
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First Hydrogen Corp
Symbol FHYD
Shares Issued 81,349,963
Close 2026-02-23 C$ 0.405
Market Cap C$ 32,946,735
Recent Sedar+ Documents

First Hydrogen to acquire Exodus Actuation interest

2026-02-23 19:06 ET - News Release

Mr. Balraj Mann reports

FIRST HYDROGEN ENTERS INTO BINDING LETTER OF INTENT WITH ROBOTICS COMPANY

First Hydrogen Corp. has entered into a binding letter of intent (LOI) with Exodus Actuation Solutions Inc. (RoboticsCo), a company holding patents and related intellectual property (IP), including robotics technology. RoboticsCo owns or licenses 25 issued and 11 pending patents covering its Exodus Actuation gearbox and high performance motor lines. These technologies have been tested and successfully used in applications, including robotics, automotive and packaging companies worldwide. The actuators combine human-like dexterity with machine precision, converting electrical energy into controlled motion that enables robotic systems to perform complex, repetitive and hazardous tasks traditionally dependent on manual labour. Robotic actuators are foundational components supporting a broad range of applications, including industrial robotics, electric mobility systems and emerging autonomous platforms such as drones (UAVs (unmanned aerial vehicles)).

Robotics is transforming clean energy by automating deployment, inspection and maintenance of renewable assets such as solar farms and wind turbines, hydrogen and battery storage facilities, optimizing energy use in industry, and improving worker safety in hazardous environments. Aerial and autonomous drone platforms are used for inspection, monitoring, logistics and remote operations. By pairing high-efficiency electronic actuators with AI-enabled (artificial intelligence) control systems, humanoid and industrial robots can perform complex tasks with greater precision and lower energy consumption than traditional equipment, supporting both cost reduction and decarbonization across industrial value chains.

The company considers the advanced actuators and robotics are critical, foundational technologies for electric vehicles (EVs) and their manufacturing, transitioning from traditional mechanical systems to intelligent electromechanical systems. Actuators act as the muscles of the vehicle, converting electrical signals from control units into, for instance, braking force, precise steering or charging port locking. Meanwhile, robotics and advanced automation are revolutionizing EV production, optimizing efficiency, and enabling the assembly of complex battery and powertrain systems. Robotics and actuator IP is a key component in advancing a vertically integrated fast growing energy ecosystem.

Balraj Mann, chief executive officer of First Hydrogen, commented, "Securing patented actuator and robotics humanoid technology positions First Hydrogen at the intersection of two major growth and investment themes: next-generation clean energy; and autonomous robotic systems and humanoid robotics."

Morgan Stanley Research estimates the humanoids market is likely to reach $5-trillion by 2050, plus related supply chains, as well as repair, maintenance and support. There could be more than one billion humanoids in use by 2050.

Transaction

Pursuant to the LOI, First Hydrogen will acquire a 60-per-cent interest in RoboticsCo, by issuing two million common shares of the company, in stages, and financing $2-million (U.S.) in stages, subject to mutually agreed budgets, for the advancement of RoboticsCo's technology. The LOI is subject to completion of due diligence, execution of a mutually agreeable definitive agreement with customary representations, covenants, and other customary terms and conditions and subject to TSX Venture Exchange approval.

In connection with its role in the LOI, the company will pay a finder's and consulting fee to a third party, in accordance with TSX Venture Exchange policies.

About First Hydrogen Corp.

First Hydrogen is a Vancouver, Montreal, Germany and London, U.K.-based company focused on zero-emission vehicles, green hydrogen production and distribution. The company has designed and built two hydrogen-fuel-cell-powered light commercial vehicles (FCEVs). The FCEVs are road legal in the United Kingdom (excluding Northern Ireland), with 6,000 kilometres of testing completed, and have achieved a range of 630-plus kilometres on a single refueling. The vehicles have successfully been trialled in real-world conditions with fleet operators in the United Kingdom.

About First Nuclear Corp.

First Nuclear is committed to developing and commercializing advanced clean energy solutions, including green hydrogen produced by state-of-the-art small modular reactors. The company aims to provide scalable, sustainable and economically viable alternatives to meet global climate goals and enhance energy security.

We seek Safe Harbor.

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