MELBOURNE, AUSTRALIA & BUSAN, SOUTH KOREA
September 22, 2023
H2X Global Limited and NF Co., LTD. are excited to announce a groundbreaking Memorandum of Understanding (MoU) that not only signifies their commitment to advancing green hydrogen mobility but also introduces an innovative approach to driver well-being.
The signing of this MoU marks a pivotal moment in the journey towards a sustainable and healthier future for global mobility. H2X, known for its leadership in Hydrogen Fuel Cell Vehicles (FCEV) and Fuel Cell Power Applications, is taking a bold step by addressing driver well-being within its vehicles. NF is a well-known oxygen concentrator manufacturer in South Korea, offering a wide range of oxygen supply products, with an expected revenue of $15 million in 2023. Recently, the company has developed a unique in-car oxygen supply system, “O2REX-V,” which provides fresh, high-concentration oxygen to drivers to reduce fatigue and improve concentration, preventing drowsiness and accidents. This product has attracted great attention in the recent market trend where the “health, well-being and safety” of drivers has become the most important topic.
Key Highlights of the MoU:
- Technical Collaboration: H2X and NF are partnering to manufacture Hydrogen Fuel Cell Vehicles and Fuel Cell Power Applications across various service sectors.
- Innovative Cabin Integration: A revolutionary aspect of this collaboration is the integration of NF’s oxygen concentrator into H2X vehicles. This concentrator, capable of delivering around 90% oxygen, is positioned to face the driver, creating an oxygen-rich environment inside the vehicle, about 40% higher than typical levels. This innovation aims to keep drivers alert, awake, and potentially happier during their journeys.
- Feasibility and Testing: Both parties have agreed to collaborate on feasibility studies and testing, with the goal of infusing the same level of sustainability found in H2X vehicles into the cabin. This initiative is not only about providing cleaner vehicles but also about enhancing the quality of life for drivers.
- Environmental Impact: The collaboration will assess the environmental impact of these innovations, contributing to a more sustainable and holistic approach to mobility.
- International Collaboration: H2X’s global reach and NF’s expertise will be leveraged to explore opportunities in various markets, fostering mutual growth.
The MoU outlines the roles and responsibilities of each party, emphasizing the importance of compliance with applicable laws and ethical standards. Confidentiality measures are in place to protect sensitive information shared during the collaboration.
Mr. Brendan Norman, CEO and Co-Founder of H2X Global Limited, expressed his excitement about this pioneering endeavour: “Our partnership with NF goes beyond traditional collaboration. By integrating their oxygen concentrator into our vehicles, we aim to redefine driver well-being and contribute to a healthier and more alert driving experience.”
Dr. Sangkon Lee, CEO/President of NF Co., Ltd., shared his perspective: “NF is dedicated to enhancing lives, and this collaboration aligns perfectly with our mission. We believe that not only will our technology contribute to greener mobility, but it will also make a significant difference in the well-being of drivers.”
Both H2X Global and NF Co., LTD. look forward to a transformative collaboration that will lead to innovative solutions for cleaner, greener, and happier mobility.
H2X Global Limited
Tony Blackie – [email protected]
Bill Moss – [email protected]
NF Co., LTD.
David Choi – [email protected]