on HYDROGEN REFUELING (EPA:ALHRS)
HRS: Update on relationships with pHYnix and Hype Assets
On March 11, 2025, HRS, a specialist in hydrogen refueling stations, provided an update on its situation with its customers pHYnix and Hype Assets. HRS announced that pHYnix had been placed in receivership since March 6. The stations planned for this customer are in production but not delivered. They could be reallocated to other customers if the situation is not resolved.
As for Hype Assets, after several attempts at settlement, HRS deplores the lack of response regarding the installation schedule for the stations ready for delivery. In this context, HRS is initiating litigation.
The financial repercussions of these events will be clarified during the half-year results, expected on April 24, 2025.
R. H.
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