Mr. Raveel Afzaal reports

NEXT HYDROGEN, A CANADIAN COMPANY, EXPANDS FURTHER INTO THE FUSION MARKET THROUGH STRATEGIC COLLABORATION WITH FUSION FUEL CYCLES INC.

Next Hydrogen Solutions Inc. has signed a collaboration agreement with Fusion Fuel Cycles Inc. to demonstrate purpose-built electrolyzers for the fusion industry.

This partnership builds on two contracts totalling approximately $3.75-million awarded by FFC to Next Hydrogen in March, 2026. Under these contracts, Next Hydrogen will engineer and deliver an electrolyzer for the extraction of tritium, the fuel of fusion, from heavy water. The electrolyzer will be integrated into FFC's overall fusion fuelling system.

The collaboration supports FFC's vision to create a holistic fusion fuel cycle -- a standardized balance of plant that allows fusion developers to source proven, integrated systems to enable their demonstration and commercial deployments.

The fusion industry is widely seen as a massive long-term market entering its prototyping and demonstration phase. Fusion promises a near-limitless, clean and inherently safe source of baseload power, and, once fully commercialized, could rival or exceed today's global electricity market to become one of the world's largest industrial sectors.

"Next Hydrogen has a unique electrolyzer design that is very well suited to the demands of fusion power," said Yuhei Nozoe, co-chief executive officer of FFC. "Its alkaline cell delivers the durability these applications require while high current density operation keeps the system compact and minimizes potential leak points. Just as importantly, its novel cell design architecture with internal gas-liquid separation reduces contamination risk -- exactly the characteristics we need to build reliable fuel cycle systems for our customers."

"We strongly believe in FFC's value proposition and team. One of the major strengths of FFC is its ability to leverage the historical strengths of the Japanese fusion industry and the Canadian nuclear industry," said Raveel Afzaal, president and chief executive officer of Next Hydrogen. "By delivering a standardized balance of plant, FFC allows fusion companies to concentrate on their core intellectual property while FFC handles the supporting systems around it. That focus translates directly into lower costs and faster timelines for an industry where speed to demonstration matters enormously. FFC also brings a very strong pedigree as a joint venture between Canadian Nuclear Laboratories and Kyoto Fusioneering, and we are proud and grateful to support its mission to help bring fusion energy to commercial reality."

About Next Hydrogen Solutions Inc.

Founded in 2007, Next Hydrogen is a designer and manufacturer of water electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as a green energy source or a green industrial feedstock. Next Hydrogen's unique cell design architecture supported by 40 patents enables high-current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale.

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