Charbone Corporation has secured additional orders from an existing U.S. customer in New York State, including new orders for clean Ultra High Purity hydrogen and the company's first order for UHP oxygen. This development follows an initial order announced on January 14, 2026, and represents continued collaboration with the customer, strengthening Charbone's position in what it considers a strategic market for future growth. The company, which focuses primarily on clean UHP hydrogen production, also delivers complementary industrial gases like oxygen, helium, and other specialty gases to support customer requirements. The addition of a UHP oxygen order alongside UHP hydrogen is viewed as an important milestone in Charbone's roadmap to develop a multi-molecule platform of UHP industrial gases. This strategy aligns with the needs of advanced technology and industrial sectors, particularly in the American "Tech Valley" region.
Dave Gagnon, Charbone's Chief Executive Officer and Chairman of the Board, stated that these new orders confirm the strengthening relationship with their existing customer and validate the company's diversification strategy into UHP industrial gases. The company's objective is to offer reliable supply and first-class purity standards to meet the highest demands of technology and industrial markets in North America. Charbone's approach involves developing a network of clean hydrogen production facilities throughout North America and select markets abroad, starting with its flagship Sorel-Tracy project in Quebec. The company's integrated model aims to reduce risk, enhance scalability, and enable diversified revenue streams through partnerships in helium and other specialty gases. More information about the company's operations and strategy is available at https://www.charbone.com.
In related corporate developments, Charbone announced on February 4, 2026, that it had retained the services of Momentum Public Relations Inc., a Montreal-based public relations and investor relations firm. Momentum specializes in designing targeted investor outreach programs for listed small and mid-cap companies, with particular expertise in the resource sector. The firm holds a variable stake in Charbone and reserves the right to use its own funds to increase its position. The company's forward-looking statements and risk factors are detailed in its Management's Discussion & Analysis for the period ended September 30, 2025, which is available on SEDAR+ at https://www.sedarplus.ca. These documents outline the uncertainties and assumptions that could affect actual results, including risks described under "Risk Factors."
The significance of these new orders extends beyond immediate revenue generation, representing a strategic expansion of Charbone's product offerings within a key geographic market. By securing its first UHP oxygen contract alongside continued hydrogen orders, the company demonstrates its capacity to serve broader industrial gas needs in technology-intensive regions. This development supports Charbone's transition from a hydrogen-focused producer to a multi-molecule industrial gas supplier, potentially increasing its competitive advantage in sectors requiring ultra-high purity standards. The continued relationship with the New York State customer suggests growing confidence in Charbone's ability to deliver consistent quality and reliability, which could facilitate further market penetration in North America's advanced technology corridors.
The corporate decision to engage Momentum Public Relations indicates Charbone's focus on enhancing investor communication as it executes its growth strategy. This move, combined with the expanded customer orders, reflects a coordinated approach to building market presence while maintaining transparency about operational risks. The availability of detailed financial and risk information through regulatory channels like SEDAR+ provides stakeholders with necessary context for evaluating the company's forward-looking statements. As Charbone progresses with its network of production facilities and diversified gas offerings, these developments collectively position the company to capitalize on growing demand for clean industrial gases in technology-driven economies, with implications for both its commercial trajectory and the broader industrial gas supply landscape in North America.
