MURRIETA, Calif., Oct. 18, 2023 (GLOBE NEWSWIRE) -- HNO International, Inc. (“HNOI” or the “Company”) (OTC: HNOI), is a publicly traded innovator in green hydrogen-based clean energy technologies, driving change in the energy sector. With over 13 years of experience in green hydrogen production, HNOI’s management continues to explore the possibilities of sustainable energy solutions.
Replacing fossil fuels on their home turf: Innovative partnership aims to establish one of Texas’s first public green hydrogen refueling stations (in 2024)
The market for hydrogen refueling stations is currently expanding significantly in the United States and worldwide due to the increasing popularity of hydrogen fuel cell electric trucks and cars. According to a report by MarketsandMarkets, the global hydrogen refueling station market size was valued at USD 1.7 billion in 2020 and is projected to reach USD 7.5 billion by 2025, with a CAGR of 34.5% during the forecast period.
Enter HNO International, a pioneer in engineering design, integration, and product development for green hydrogen solutions, with over a decade of developing solutions to help businesses and communities transition to a low-carbon future.
The HNOI team is hard at work building their pilot H2 refueling station in partnership with Varea Energy, a member of Greentown Labs, North America's largest climate-tech startup incubator. This refueling station is set to be the first of its kind in Texas, where the majority of the hydrogen in the United States is produced – so far, almost all of it is grey hydrogen from fossil fuels.
HNOI's commitment extends beyond technology innovation. By collaborating with leading industry players, HNOI aims to accelerate the transition away from fossil fuels, reduce emissions, and lower maintenance costs for commercial fleets. Their holistic approach complements the global effort to combat climate change.
For more information about HNO International (HNOI), please visit www.hnointl.com.
About HNO International, Inc.
HNOI is a company specializing in the design, integration, and development of green hydrogen-based clean energy technologies. With over 13 years of experience in the field of green hydrogen production, HNOI, which stands for Hydrogen and Oxygen, is on a mission to make clean energy accessible to businesses and communities worldwide. Their pioneering solutions, including the Compact Hydrogen Refueling System (CHRS) and the Scalable Green Hydrogen Farms (SGHF), are setting new standards for green hydrogen production.
HNOI is committed to providing scalable products that help businesses and communities decarbonize, reduce emissions, and cut operational costs. HNOI also develops energy systems that complement the zero-emissions EV infrastructure, reduce harmful emissions, and cut the maintenance costs of commercial diesel fleets. By integrating components from leading industry partners, HNOI aims to transition fossil fuels to cleaner alternatives and promote lower emissions.
Forward-Looking Statements
This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "expect", "project", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time to time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.
