Charbone Systems Inc (a wholly owned subsidiary of Charbone Hydrogen Corporation) entered into a non-binding Term Sheet with Resato Hydrogen Technology BV for the exclusive sales, marketing, distribution and servicing of Resato’s Hydrogen Refueling Stations (the HRS) technologies for the Canadian market.
Charbone System will be initially importing the HRS from Europe and would have an option to extend the agreement to acquire the rights to manufacture and assemble the HRS locally in Canada under Resato trademark.
Charbone continues its mission to develop and create sustainable “ecosystems” and local markets with its vision of modular and scalable regional hubs dedicated to producing and distributing green hydrogen.
It concurrently develops partnerships with hydrogen-related Original Equipment Manufacturers (OEM), technology suppliers, and existing hydrogen users and participates in innovations in new usages and processes to reduce greenhouse gas effects on our day-to-day life.
Charbone will dedicate resources toward a professional marketing and sales team for the Canadian market and create partnerships with local companies for the HRS’s operation, maintenance, and services. Resato will train and supervise Charbone Systems teams.
Charbone will be responsible for the engineering and the adaptation to the Canadian, provincials’ and other stakeholders’ codes and regulations on behalf of Resato. Completion of the transaction, as specified in the non-binding TS, is subject to further negotiation and execution of a definitive agreement.
Dave B. Gagnon, Chairman and CEO of Charbone, said, “Charbone’s ability to promote its model in the North American markets to an international and credible partner such as Resato and bring their high quality and efficient HRS technology to Canada will be instrumental for the building of the Canadian hydrogen ecosystem.”
Robert T.P. Castien, CEO and Co-Owner of Resato, said, “Charbone has the right approach to the development of the green hydrogen ecosystem. Their vision is supported by an incredible amount of contagious energy, and we are a solid fit.”