MISSISSAUGA, Ontario, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (the "Company" or "Next Hydrogen") (TSXV:NXH, OTC:NXHSF), a designer and manufacturer of electrolyzers is pleased to announce that Rohan Advani will be joining the company as Chief Financial Officer, effective December 12, 2022. Rohan will be replacing Kasia Malz who is leaving the Company to pursue other interests. To ensure continuity, Ms. Malz will remain with the Company until January 2, 2023, and will continue in an advisory role thereafter to ensure a seamless transition.
Mr. Advani comes to Next Hydrogen with significant financial and leadership experience in the manufacturing industry, previously serving at Magna International and Ecolab along with Canadian Tire and KPMG. Rohan was most recently the Finance Department Leader at Magna International, where he led the financial operations for a $500M division. Mr. Advani is a CPA and has a Bachelor of Business Administration from the University of Toronto.
"I am extremely thrilled to have Mr. Advani join the team and focus on our next phase of growth. Rohan's breadth of financial experience in the manufacturing industry will be an invaluable addition to the team as we look to establish ourselves as a leading water electrolyzer equipment manufacturer," said Raveel Afzaal, CEO and President of Next Hydrogen. "We are very grateful to Ms. Malz for her many contributions in building a strong foundation for the company and wish her well in her future endeavors."
Ms. Malz said, "It has been a pleasure to serve and build Next Hydrogen. I was fortunate to have worked with such a phenomenal and driven team. I look forward to the Company's continued success."
About Next Hydrogen
Founded in 2007, Next Hydrogen is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. Next Hydrogen's unique cell design architecture supported by 39 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.
Raveel Afzaal, CFA
President and Chief Executive Officer
Next Hydrogen Solutions Inc.
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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