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.