Hylium Industries Inc. and Element 1® Corp. Announce Strategic Assembly License Agreement

BEND, Ore.--(BUSINESS WIRE)--Hylium Industries Inc. (HYLIUM), a leading company specializing in hydrogen liquefaction, storage, and related technologies, and Element 1® Corp. (e1NA), a pioneer in hydrogen generator products and hydrogen purification technologies, are pleased to announce the signing of a strategic Assembly License Agreement which conveys intellectual property rights to HYLIUM to assemble and commercialize hydrogen generation products, incorporating e1NA's patented technologies, within Korea and Asia. This agreement marks a significant milestone in the commercialization of advanced hydrogen generation and purification technologies.

Under the agreement, e1NA will provide comprehensive technology transfer to HYLIUM including documentation, hands-on training, and operational support. HYLIUM will assemble S-Series methanol hydrogen generators using core components purchased from e1NA and potentially extending the Assembly License Agreement to the L/M-Series for larger-scale applications.

This collaboration leverages the strengths of both companies to accelerate the deployment of hydrogen technologies in key markets. HYLIUM's expertise in hydrogen liquefaction and storage, plus HYLIUM’s access to markets in Korea and Asia, combined with e1NA's innovative hydrogen generation and purification technologies, will enable the development of efficient and sustainable hydrogen solutions.

"Element 1® Corp. is thrilled to collaborate with Hylium Industries Inc.," said Dave Edlund, CEO of Element 1® Corp. "Our combined efforts will drive the commercialization of hydrogen technologies, providing clean and efficient energy solutions for various applications including small-scale production of liquefied hydrogen for unmanned aircraft, hydrogen refueling stations, and micro-scale electricity grids."

"After undergoing extensive evaluation of e1NA’s technology and integrated testing with our hydrogen liquefication product we are very excited to partner with Element 1® Corp. to bring these cutting-edge hydrogen energy technologies to the market," said Seo Young Kim, CEO of Hylium Industries Inc. "This agreement aligns with our commitment to advancing sustainable energy solutions and expanding our presence in the hydrogen economy."

About Hylium Industries Inc.

Hylium Industries Inc. is a leading company specializing in hydrogen liquefaction, storage, and related technologies. Based in Pyeongtaek-si, Gyeonggi-do, Republic of Korea, HYLIUM is dedicated to developing sustainable energy solutions for a cleaner future.

About Element 1® Corp.

Element 1® Corp. is a pioneer in hydrogen generation products, hydrogen purifier products, and small-scale chemical processes. Based in Bend, Oregon, USA, e1NA is committed to advancing hydrogen technologies for various industrial and commercial applications.