Next Hydrogen Solutions Inc., an Ontario-based designer and manufacturer of hydrogen electrolyzers announced this Wednesday that it will start trading on the OTCQB Venture Marketplace and launch a US subsidiary to support expansion.
Firstly, the OTCBQ is a US trading platform that is operated by the OTC Markets Group in New York. The Company will trade on the OTCQB Venture under the symbol NXHSF. However, the Company’s common shares will continue to trade on the TSX Venture Exchange under the symbol NXH.
Moreover, entering the OTCBQ will allow US investors to invest in the Company significantly easier. Next Hydrogen is indeed one of the few pure-play electrolyzer companies globally and the only one in North America.
In addition, Next Hydrogen’s technology is unparalleled; its unique cell design architecture has the support of more than 38 patents. This enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale.
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Next Hydrogen USA to pursue opportunities, grants and other incentives
Furthermore, the Company has expansion plans for the US. To support the entrance to the OTCBQ trading, the Company will launch a US subsidiary, Next Hydrogen USA, Inc. This Company will focus on securing US renewable energy grants and incentives. It will also participate in US infrastructure projects and expand Next Hydrogen’s sales opportunities.
About the matter, Raveel Afzaal, President and CEO of Next Hydrogen, said. “Establishing a US subsidiary and listing on the OTCQB Venture Exchange are part of a long-term strategy to introduce the Company to a broader audience.”
He also remarked. “Next Hydrogen is poised to be a significant contributor to reducing carbon emissions in the US transportation and industrial markets… Listing on the OTCQB will help us enhance our liquidity by providing our current and future American investors with a more accessible market.”
Finally, he commented. “Hydrogen is a key driver in global efforts to reduce greenhouse gas emissions, and the US will prove to be a defining market for reducing the carbon footprint of the transportation and industrial sectors.”
