CHARBONE Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47), a North American producer and distributor of clean Ultra High Purity (UHP) hydrogen and industrial gases, announced a positive strategic update following an executive mission to Malaysia. The mission, led by Chairman and CEO Dave B. Gagnon and Senior Vice President Patrick Cuddihy, builds on a framework agreement signed June 25, 2025, with Green Hydrogen ASIAPAC SDN BHD.
Following high-level meetings with Malaysian stakeholders, government representatives, and industrial partners, CHARBONE confirmed an aligned intent to advance the Malaysian green hydrogen UHP project, its interest in taking equity participation in Green Hydrogen ASIAPAC, and its intention to play an active operational role in the project's development and execution. This milestone reinforces CHARBONE's strategy to expand beyond North America and establish a disciplined, scalable presence in the Asia-Pacific region, one of the fastest-growing markets for clean hydrogen and specialty gases.
CHARBONE expressed appreciation to Malaysian authorities and partners, specifically acknowledging the Malaysian Industry-Government Group for High Technology (MIGHT) for facilitating strategic dialogue and enabling cross-border industrial collaboration. Malaysia offers a compelling platform for clean energy deployment, supported by national decarbonization initiatives and industrial demand growth.
The expansion aligns with CHARBONE's broader strategy to build a globally integrated industrial gas platform anchored in UHP hydrogen and strategic specialty gases, using modular, decentralized production models. The Company plans to target high-growth sectors including semiconductors, artificial intelligence and data centers, pharmaceuticals, and defense. Dave Gagnon stated, "Asia-Pacific represents a critical growth pillar alongside North America, and we are seeing strong alignment with partners who recognize the value of our modular, execution-focused approach."
CHARBONE is working with all parties to update the continuity of the current agreement and expects to provide shareholders with more detailed information on the project scope.
