First Hydrogen to acquire Exodus Actuation interest

Executive Summary

• First Hydrogen Corp. has entered into a binding letter of intent (LOI) to acquire a 60% interest in Exodus Actuation Solutions Inc. (RoboticsCo), a robotics and intellectual property company.
• The transaction involves the issuance of 2 million common shares and $2 million USD in financing, subject to due diligence and TSX Venture Exchange approval.
• The acquisition aims to integrate advanced actuator and robotics technology into First Hydrogen’s clean energy ecosystem, targeting applications in electric vehicles, autonomous systems, and renewable energy maintenance.

Key Details

• Transaction Structure: First Hydrogen will acquire a 60% interest in RoboticsCo.
• Consideration:
  • Issuance of 2,000,000 common shares of First Hydrogen.
  • Financing of $2,000,000 USD, to be provided in stages.
• Target Company (RoboticsCo):
  • Holds patents and IP including robotics technology.
  • Owns or licenses 25 issued and 11 pending patents.
  • Technologies include the Exodus Actuation gearbox and high-performance motor lines.
  • Applications tested in robotics, automotive, and packaging industries.
• Strategic Rationale:
  • Integration of humanoid and industrial robotics with clean energy solutions.
  • Focus on electric vehicle (EV) manufacturing, autonomous platforms (drones/UAVs), and renewable asset maintenance (solar/wind/hydrogen).
  • CEO Balraj Mann stated this positions the company at the intersection of next-generation clean energy and autonomous robotic systems.
• Market Context:
  • Morgan Stanley Research estimates the humanoid market could reach $5 trillion by 2050, with over one billion humanoids in use.
• Conditions Precedent:
  • Completion of due diligence.
  • Execution of a definitive agreement with customary representations and covenants.
  • Approval from the TSX Venture Exchange.
• Fees:
  • A finder’s and consulting fee will be paid to a third party in accordance with TSX Venture Exchange policies.

Notable Quotes

• "Securing patented actuator and robotics humanoid technology positions First Hydrogen at the intersection of two major growth and investment themes: next-generation clean energy; and autonomous robotic systems and humanoid robotics." — Balraj Mann, Chief Executive Officer of First Hydrogen