Settlement with GHFG

Clean Power Hydrogen

04 November 2024

 

4 November 2024                                                                                     

Clean Power Hydrogen plc

("CPH2", the "Company" or the "Group")

Settlement with GHFG

CPH2, the UK-based green hydrogen technology and manufacturing company that has developed the IP-protected Membrane-Free Electrolyser ("MFE"), is pleased to announce the settlement of its legal action with GHFG Limited ("GHFG"), initially disclosed on 6 June 2023.

All parties have agreed to settle and resolve matters amicably, with no admission of fault. Under the terms of the settlement, the Company will not claim nor pay any damages and all legal action will be terminated by both parties. As stated on 6 June 2023, the licence agreement with GHFG had already been terminated.

Jon Duffy, CEO of Clean Power Hydrogen commented:

"We are pleased to have reached an amicable solution with GHFG. Our focus, following the commercialisation of the MFE110, is on the commercial roll-out of the groundbreaking technology as well as delivering the MFE220 through licensing agreements and our own manufacturing in Doncaster."

ENDS

For more information, please contact:

Clean Power Hydrogen plc	via Camarco
Jon Duffy, Chief Executive Officer
James Hobson, Chief Financial Officer
Cavendish Capital Markets Limited - NOMAD & Broker
Neil McDonald	[phone]
Peter Lynch	[phone]
Adam Rae	[phone]
Camarco PR	+ 44(0) 20 3757 4980
Billy Clegg
Owen Roberts
Lily Pettifar

To find out more, please visit: https://www.cph2.com

Overview of CPH2

CPH2 is the holding company of Clean Power Hydrogen Group Limited which has almost a decade of dedicated research and product development experience. This experience has resulted in the creation of simple, safe and sustainable technology which is designed to deliver a modular solution to the hydrogen production market in a cost-effective, scalable, reliable and long-lasting manner. The Group's strategic objective is to deliver the lowest LCOH in the market in relation to the production of green hydrogen. CPH2 is listed on the AIM market and trades under the ticker LON:CPH2.

 

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