CHARBONE HYDROGEN Announces the Termination of the Term Sheet With GAUSSIN

BROSSARD, Québec, Oct. 14, 2022 (GLOBE NEWSWIRE) -- CHARBONE HYDROGEN Corporation (TSXV:CH) (“CHARBONE”) is announcing the termination, as of October 14, 2022, of the non-binding investment term sheet (the “Term Sheet”) with GAUSSIN SA (“GAUSSIN”), that was previously disclosed on May 24, 2022. CHARBONE originally intended to acquire an exclusive license of GAUSSIN’s technology for the manufacturing, commercialization, marketing, distribution and sale of logistic off-road vehicles in Canada.

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