Hynion provides an April 2025 business update

28 Apr 2025 17:51 CEST

Hynion is working intensively to stabilize its operations and secure long-term
financing during a period marked by challenging market conditions and lengthy
decision-making processes within the hydrogen sector.

The company was close to finalizing a major financing solution during the
winter, but changes in the political and financial landscape led to new
negotiations. Work to reestablish financing is ongoing and is now in its final
phase, with only a few outstanding points remaining. In the meantime, several of
Hynion's largest shareholders, together with an external lender, have
strengthened the company's liquidity through a loan.

A brief station update based on the most common questions:

The station in Høvik remains temporarily closed. Work is underway to resume
operations as soon as possible. Further information will be provided when
available.

The construction projects in Västerås and Jönköping are on hold pending a
financing decision. Both stations are still expected to be completed during
2025.

The station in Sandviken remains operational. Although usage is still limited,
the company expects demand for hydrogen to increase over time.

"We are going through a challenging period but are working diligently to secure
the company's continued development. I am grateful for the support we have
received from our largest shareholders and look forward to presenting positive
news in due course," says Slavica Djuric, CEO of Hynion AS.


For more information contact:
Slavica Djuric,
CEO Hynion AS
Phone: +46 73 072 60 76
Email: sd@hynion.com



About Hynion
Hynion builds, owns and operates hydrogen refueling stations in and around the
largest cities in Scandinavia. The company offers hydrogen refueling stations
based on its own technology and decades of experience for turnkey establishment
and operation by interested actors or within the framework of collaborations or
co-ownership. The company's management also has extensive experience in
establishing and running start-ups in hydrogen technology and renewable energy.
www.hynion.com

More information:
Access the news on Oslo Bors NewsWeb site

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