The MoU (Memorandum of Understanding) is aimed at integrating SYMBIO's H2 fuel cell systems into GAUSSIN's ATM® vehicles.

GAUSSIN (EURONEXT GROWTH : ALGAU - FR0013495298), a pioneer of clean and smart freight transport, and SYMBIO, a Faurecia & Michelin joint venture specializing in hydrogen fuel cell systems, announce the signing of a Memorandum of Understanding for a strategic partnership. The agreement will accelerate the development of GAUSSIN's range of hydrogen vehicles with the integration of SYMBIO's customized H2 solutions in its ATM® vehicles. This partnership should increase the performance of GAUSSIN vehicles and accelerate their market launch. For SYMBIO, this agreement increases the scope of applications of its technology and puts its know-how at the service of pioneers in zero-emission mobility.

A strategic partnership for GAUSSIN

The Memorandum of Understanding signed by GAUSSIN and SYMBIO provides for cooperation between the two players with a view to integrating SYMBIO hydrogen technology into GAUSSIN's ATM® vehicles. The success of this cooperation should lead to the acquisition by GAUSSIN of SYMBIO StackPack® fuel cell systems in order to increase the performance and accelerate the introduction of its range of hydrogen vehicles to its customers. Innovation is at the heart of this partnership and opens up very promising prospects, with a tailor-made hydrogen solution for high-performance low-carbon mobility applications. [caption id="attachment_109064" align="aligncenter" width="415"] Fuel Cells Works, GAUSSIN and SYMBIO Enter Into a Strategic Partnership to Accelerate the Development of GAUSSIN's Hydrogen Logistics Equipment Range

Fuel Cells Works, GAUSSIN and SYMBIO Enter Into a Strategic Partnership to Accelerate the Development of GAUSSIN's Hydrogen Logistics Equipment Range

The H2Motive SYMBIO range[/caption]

A responsible solution for zero emission mobility

The physical mechanism behind the fuel cell is to generate electricity in a cell by bringing hydrogen and air into contact with a catalyst. The electricity generated by the chemical reaction is used to power an electric motor, with water vapor as the only residue released. This technology is therefore particularly relevant for the most demanding electrical applications, in order to achieve levels of performance that the battery alone cannot meet. The result is real gains in autonomy, recharge time and power. GAUSSIN and SYMBIO share the same conviction about the power of hydrogen technology, a future solution for zero-emission mobility without compromising on performance, particularly in terms of autonomy and recharging speed. With this partnership project, the two groups aim to promote innovative solutions and contribute to the necessary energy transition. [caption id="attachment_109065" align="aligncenter" width="335"] Fuel Cells Works, GAUSSIN and SYMBIO Enter Into a Strategic Partnership to Accelerate the Development of GAUSSIN's Hydrogen Logistics Equipment Range

Fuel Cells Works, GAUSSIN and SYMBIO Enter Into a Strategic Partnership to Accelerate the Development of GAUSSIN's Hydrogen Logistics Equipment Range

Operation of a fuel cell[/caption] GAUSSIN demonstrated its expertise in hydrogen once again on 24 and 25 September 2022 during Le Mans 24 Hours Camions. The ATM® H2 was presented to the general public and to decision-makers in the field of logistics and transport during the event. It received a warm welcome and generated a strong interest from the players of the sector. [caption id="attachment_109066" align="aligncenter" width="400"] Fuel Cells Works, GAUSSIN and SYMBIO Enter Into a Strategic Partnership to Accelerate the Development of GAUSSIN's Hydrogen Logistics Equipment Range

Fuel Cells Works, GAUSSIN and SYMBIO Enter Into a Strategic Partnership to Accelerate the Development of GAUSSIN's Hydrogen Logistics Equipment Range

GAUSSIN’s ATM® parading during Le Mans 24 Hours Camions in September 2022[/caption]

Promising synergies

SYMBIO, a Faurecia & Michelin joint venture in the hydrogen field, is a leading global supplier to the automotive industry with over 30 years of experience. Acting as its customers' innovation partner, SYMBIO designs, develops and produces fuel cell systems to the highest industrial standards. Its complete range of StackPack® fuel cells meets all the performance, durability, autonomy and safety requirements of on- and off-road mobile applications. Its objective is to consolidate its position as a global partner in zero-emission mobility with a production capacity of 200,000 StackPacks® per year by 2030. The company, of French origin, is based near Lyon, less than 300 km from the GAUSSIN site in Héricourt. The partnership between the two companies would strengthen the French hydrogen mobility sector and the power of Made in France in this strategic sector. SYMBIO shares with GAUSSIN the desire to place sustainable development and the energy transition at the heart of its mission. “This strategic partnership with GAUSSIN allows us to broaden the scope of applications of hydrogen technology for logistics operations and to demonstrate its power: zero emission without compromising performance. We are honored to accompany a committed and innovative player like GAUSSIN, to accelerate the deployment of clean mobility. We are determined to put our know-how and technologies at the service of the decarbonization of our society, which is a major challenge,” said Philippe Rosier, CEO of SYMBIO. “This Memorandum of Understanding with SYMBIO is a new decisive step in the development of GAUSSIN's hydrogen range. It reflects the continuation of our efforts in this field after an already particularly rich year 2022, marked in particular by the success of our H2 Racing Truck® in the Dakar Rally and its world tour, the "Hydrogen Personality of the Year" award that was presented to me at the French National Assembly and the launch of the AGV® (Autonomous Guided Vehicle) H2. The strategic partnership we are discussing should enable us to accelerate the marketing of ever more efficient hydrogen vehicles and thus enable GAUSSIN to maintain its technological lead in this sector, which is more than ever essential for the clean mobility of tomorrow. We share with SYMBIO a common ambition to accelerate the energy transition and I am confident that the negotiations will succeed,” said Christophe Gaussin, CEO of GAUSSIN.

About GAUSSIN

GAUSSIN is an engineering company that designs, assembles and sells innovative products and services in the transport and logistics field. Its know-how encompasses cargo and passenger transport, autonomous technologies allowing for self-driving solutions such as Automotive Guided Vehicles, and the integration all types of batteries, electric and hydrogen fuel cells in particular. With more than 50,000 vehicles worldwide, GAUSSIN enjoys a strong reputation in four fast-expanding markets: port terminals, airports, logistics and people mobility. The group has developed strategic partnerships with major global players in order to accelerate its commercial penetration: Siemens Postal, Parcel & Airport Logistics in the airport field, Bolloré Ports and ST Engineering in ports and Bluebus for people mobility. GAUSSIN has broadened its business model with the signing of license agreements accelerating the diffusion of its technology throughout the world. The acquisition of METALLIANCE confirms the emergence of an international group present in all segments of intelligent and clean vehicles. In October 2021, GAUSSIN won the Dubai World Challenge for Self-Driving Transport. In January 2022, GAUSSIN successfully completed the 2022 Dakar Rally with its H2 Racing Truck, the first hydrogen-powered vehicle to enter the race and generate zero CO2 emissions. In March 2022, Christophe Gaussin was named “Hydrogen Personality of the year” at the Hydrogénies - Trophées de l'hydrogène ceremony held at the French National Assembly. GAUSSIN has been listed on Euronext Growth in Paris since 2010.

About SYMBIO

Symbio, a Faurecia & Michelin joint venture, is a leading technology partner for automakers, with more than 30 years of experience and 6 million kilometers driven. A world leader in hydrogen fuel cell systems, Symbio combines industrial leadership and innovation excellence with entrepreneurial agility to deliver zero-emission mobility without compromising on performance. Whether on-road or off-road, from trucks, vans, buses, logistics equipment or passenger vehicles, its wide range of compact StackPack® fuel cell systems meet all requirements for power, durability and range. Symbio is a partner of Stellantis in the deployment of the world's first hydrogen-powered light commercial vehicle program. Symbio has nearly 600 employees committed to building a more positive future, helping their customers accelerate the deployment of clean mobility that respects our environment, our air and our health. More information on : www.symbio.one