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charbone-hydrogen-terminates-term-sheet-with-gaussin
© Gaussin
charbone-hydrogen-terminates-term-sheet-with-gaussin
© Gaussin

Charbone Hydrogen terminates term sheet with Gaussin

Charbone Hydrogen announced last Friday (October 14) the termination of a non-binding investment term sheet with Gaussin, originally intended to see the development of both hydrogen ATM and APM vehicles in Canada.

H2 View understands the partners were unable to reach agreement on the definitive terms and conditions of a license which would have seen Charbone utilise Gaussin’s technology for the manufacture, commercialisation, marketing, distribution, and sale of logistic off-road vehicles.

The intended collaboration was revealed in May this year (2022), which was set to see an investment of CAD$13m ($9.3m).

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