Hylium Industries, Inc. and The Gas and Heat Institute Essen e.V. (GWI) have signed a Memorandum of Understanding (MOU) aimed at establishing a dynamic framework for future collaboration. The MOU outlines the shared goals and responsibilities of both parties.

The primary objective of this MOU is to lay the foundation for a mutually beneficial partnership that leverages the strengths and expertise of both organizations. Under this MOU Hylium Industries will explore opportunities to market its products in the German market, while GWI will receive technological support and expertise in the field of liquid hydrogen.

Scope of Collaboration:
The agreement encompasses a wide array of collaborative efforts, including technology provision and support for advancing the liquid hydrogen industry in Germany's early market stages. Additionally, the parties intend to establish a dedicated entity in Essen, Germany, for the commercialization of liquid hydrogen technology and liquid hydrogen-powered drones.

It is also with great enthusiasm that both parties commit to a robust exchange of knowledge and expertise among their respective engineering teams. This mutual sharing of know-how will serve as a cornerstone in realizing the full potential of this collaborative endeavor.

Hylium Industries will extend comprehensive technological expertise and support pertaining to liquid hydrogen, focusing on research and development during its early market phases. GWI will serve as the point of contact for Hylium Industries in matters related to liquid hydrogen business in Europe, spearheading the establishment of a promotional entity in Essen, Germany.

The MOU was signed by representatives of Hylium Industries, Inc. and The Gas and Heat Institute Essen e.V. in mutual affirmation of their commitment to this collaborative endeavor.