Hyzon Inks Electric Truck Supply Contract With Dutch Company Geesinknorba

  • Hyzon Motors Inc HYZN has signed an agreement with Dutch refuse collection company Geesinknorba Group to be the exclusive vendor for zero-emission trucks. The financial terms of the arrangement were not disclosed.
  • Hyzon agrees to supply 300 trucks or more during the three-year contract to Geesinknorba, which already deploys zero-emissions vehicles throughout Europe.
  • Geesinknorba operates in more than 30 countries and has over 7,500 refuse collection vehicles on the road.
  • "The partnership with Geesinknorba builds on a shared understanding that sustainable refuse collection can have a significant impact on decarbonizing communities and improving quality of life in our residential neighborhoods," said Hyzon CEO Craig Knight.
  • The two companies will also collaborate to provide ongoing maintenance and service to end-use customers.
  • The initial Hyzon trucks are expected to be deployed by Geesinknorba to the government of Barcelona.
  • Price Action: HYZN shares traded lower by 1.11% at $6.68 on the last check Thursday.
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