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Next Hydrogen announces transition of its COO to a consulting arrangement

/EIN News/ -- MISSISSAUGA, Ontario, June 03, 2025 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (“Next Hydrogen“) (TSXV:NXHOTC:NXHSF) announces that James Franchville, the company’s Chief Operating Officer, will be stepping down from his role and transitioning into a consulting position.

“Jim has been commuting between U.S. and Canada for the past four years, and we support his decision to relocate permanently back to the U.S.,” said Raveel Afzaal, President and CEO of Next Hydrogen. “Drawing on his extensive background in the automotive and aerospace sectors, Jim played a pivotal role in introducing lean processes and disciplined manufacturing practices at Next Hydrogen. We are grateful for his significant contributions and wish him continued success in this next chapter.”

“At Next Hydrogen, we’ve put substantial effort and investment into establishing a scalable, repeatable manufacturing process,” said James Franchville. “With our strong technology foundation and robust manufacturing systems, the company is well-positioned to become a global leader in electrolysis. I’m proud of the exceptional team we've built and look forward to continuing to support them remotely.”

About Next Hydrogen Solutions Inc.

Founded in 2007, Next Hydrogen Solutions Inc. is a designer and manufacturer of innovative water electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as a green energy source or a green industrial feedstock. Next Hydrogen’s unique cell design architecture supported by 40 patents enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. Following successful pilots, Next Hydrogen is scaling up its technology to deliver commercial solutions to decarbonize transportation and industrial sectors. For further information: www.nexthydrogen.com

Contact Information

Raveel Afzaal, President and Chief Executive Officer
Next Hydrogen Solutions Inc.
Email: rafzaal@nexthydrogen.com

Phone: 647-961-6620
www.nexthydrogen.com

Cautionary Statements

This news release contains “forward-looking information” and “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the risks associated with the hydrogen industry in general; delays or changes in plans with respect to infrastructure development or capital expenditures; the uncertainty of estimates and projections relating to costs and expenses; failure to obtain necessary regulatory approvals; health, safety and environmental risks; uncertainties resulting from potential delays or changes in plans with respect to infrastructure developments or capital expenditures; currency exchange rate fluctuations; as well as general economic conditions, stock market volatility; and the ability to access sufficient capital. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, there will be no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.


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