CHARBONE Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (UHP) hydrogen and other strategic industrial gases, has announced a long-term hydrogen supply contract with Hone Inc., a provider of mobile hydrogen power solutions for the film and television production industry. The agreement formalizes and extends a commercial relationship that began with CHARBONE's first hydrogen sales in Ontario in January 2026.
Under the binding two-year contract, CHARBONE will supply clean hydrogen to fuel Hone's trailer-mounted 165 kW hydrogen internal combustion engine (ICE) generator systems. These systems serve as a zero-emission alternative to traditional diesel generators, capable of displacing more than 1.5 tonnes of CO2 per generator day compared to diesel operations. Each generator replicates the standard production 1,400-amp diesel genset, eliminating emissions on-set. CHARBONE's hydrogen is used in Hone's proprietary Fuel Block™ delivery and drop-and-swap refueling system, which ensures uninterrupted power throughout production.
The partnership has already gained traction in the entertainment industry. A major Hollywood Studio with multiple productions filming in Toronto has utilized Hone's hydrogen generator service and CHARBONE's clean hydrogen on several occasions, validating both the technology and the supply chain. This commercial traction demonstrates the real-world viability of hydrogen as a clean, reliable power source in mobile and time-sensitive production environments.
Dave Gagnon, Chairman & Chief Executive Officer of CHARBONE, stated, "This long-term supply agreement with Hone is a direct extension of the commercial momentum we established earlier this year, and it reflects something meaningful: the entertainment industry is not just testing hydrogen, it is integrating it into active studio production workflows. Clean hydrogen is proving its value in some of the most demanding operational environments, where reliability, safety, and performance are non-negotiable."
Ry Smith, CEO of Hone, added, "Partnering with CHARBONE on a long-term basis gives Hone the supply certainty we need to confidently serve our clients across multiple Hollywood productions, and a diverse range of other industries and clients. Clean, reliable hydrogen is the foundation of our service offering, and CHARBONE's clean UHP hydrogen meets the quality and logistics standards our customers depend on."
Consistent with its established practice, CHARBONE is not disclosing the volume, pricing, or financial terms of this commercial arrangement to maintain its competitive position. The Company noted that demand for its clean UHP hydrogen continues to outpace available supply, underscoring the strategic importance of expanding CHARBONE's production network.
CHARBONE is a vertically integrated industrial gases company focused on developing and operating a network of supply hubs for the production, storage, and distribution of UHP strategic industrial gases. The Company serves customers across sectors including semiconductors, artificial intelligence and data centers, advanced pharmaceuticals, and aerospace and defense technologies. For more information, visit www.charbone.com. Hone Inc., based in Etobicoke, Ontario, provides mobile hydrogen power solutions for film and television production and other applications. For more information, visit www.honeinc.ca.
