H-Power (HPOW) Status Update summary

Leadership introductions and experience

• New CEO and CFO introduced, both with strong backgrounds in scaling and transforming businesses through innovation and operational improvements.

• CEO has experience in increasing shareholder value and operating margins significantly in previous roles.

• CFO has led finance, sales, supply chain, and operations in high-growth manufacturing businesses.

Strategic priorities and market focus

• Focus on leveraging existing relationships and prioritizing verticals with the lowest barriers to adoption, especially the construction sector.

• Speedy Hire joint venture identified as the top priority for commercial scale-up and revenue generation.

• Hyamtek positioned as a transformational technology for hydrogen infrastructure and supply.

Commercialization and technology development

• Emphasis on supporting early adopters and generating revenue through joint ventures and partnerships.

• Ongoing engagement with government to influence incentive schemes and promote ammonia as a fuel.

• Commitment to protecting IP and accelerating commercialization of Hyamtek, with no plans to spin it out.