VANCOUVER, British Columbia– Loop Energy™ Inc. (“Loop” or the “Company”) today reported the merger transaction provided for in the Amalgamation Agreement between Loop, H2 Portable Power Corp. and 1465123 B.C. Ltd. dated February 9th, 2024 cannot be completed without an amendment and as at the date of this announcement, no amendment has been proposed or agreed to. Accordingly, there can be no assurance that such transaction or a similar transaction, will be completed.
Loop Energy™ is a leading designer and manufacturer of hydrogen fuel stacks targeted for the electrification of commercial vehicles such as buses and trucks, as well as stationary power applications. Loop Energy’s products feature the company’s proprietary eFlow™ technology in the fuel cell stack’s bipolar plates. eFlow™ technology enables customers to achieve superior performance and higher fuel efficiency when using Loop Energy’s fuel cell stacks, which lowers operating cost for end users while enabling OEMs to achieve lower capital cost and faster time to market. Loop Energy works closely with its partners to enable the production of hydrogen electric solutions. For more information about how Loop Energy is driving towards a zero-emissions future, visit www.loopenergy.com.
SOURCE: Loop Energy Inc.
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