First Hydrogen Provides Update on Binding Letter of Intent with Robotics Company Covering Its Actuation Gearbox and High-Performance Motor Lines

Executive Summary

• First Hydrogen Corp. is advancing a definitive agreement to acquire a 60% interest in a robotics technology company specializing in actuation, gearbox, and motor technologies.
• The transaction consideration involves issuing 2 million common shares and providing $2 million USD in staged financing, subject to mutually agreed budgets and TSX Venture Exchange approval.
• First Hydrogen has incorporated a wholly-owned subsidiary, First Humanoid Corp., to hold and commercialize the acquired robotics and AI intellectual property, expanding its strategic focus into autonomous systems and advanced mobility.

Key Details

• Transaction Structure: Acquisition of a 60% equity interest in an unnamed robotics technology company.
• Consideration: Issuance of 2,000,000 common shares of First Hydrogen Corp., plus $2,000,000 USD in staged financing.
• Conditions & Approvals: Financing is contingent on mutually agreed budgets for the advancement of the robotics company's technology; definitive agreement requires acceptance by the TSX Venture Exchange.
• Target Technology & IP: The target owns or licenses 26 issued and 10 pending patents covering actuation gearboxes and high-performance motors. Technologies have been tested and successfully deployed in robotics, automotive, and packaging applications globally.
• Applications & Capabilities: Technologies enable controlled motion for industrial robotics, electric mobility systems, and autonomous platforms (e.g., unmanned drones), handling complex, repetitive, and hazardous tasks traditionally requiring manual labor.
• Corporate Restructuring: Formation of wholly-owned subsidiary "First Humanoid Corp." dedicated to holding, developing, and commercializing robotics, humanoid robotics, autonomous systems, and AI-enabled technologies.
• Digital Assets: Secured domain names Firsthumanoid.com and Firsthumanoid.ai to support future branding and commercialization initiatives.
• Market Context: Cites Morgan Stanley Research projecting the humanoid market to reach US$5 trillion by 2050, with potential for over 1 billion units in use alongside related supply chains and support services.
• Company Operational Context: First Hydrogen has designed and built two hydrogen fuel-cell-powered light commercial vehicles (FCEVs), achieving 6,000 km of testing, a 630+ km range per refueling, and successful real-world trials with fleet operators in the United Kingdom.