CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company specializing in clean ultra-high purity (UHP) hydrogen, 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 follows the companies' initial hydrogen sales in Ontario in January 2026 and formalizes their commercial relationship, reflecting growing acceptance of clean hydrogen as a proven energy solution for on-set power generation.
Hone delivers mobile hydrogen power as a clean alternative to diesel generators, using trailer-mounted 165 kW hydrogen internal combustion engine generator systems that replicate standard 1,400-amp diesel gensets. Each generator day can displace more than 1.5 tonnes of CO2 compared to diesel operations. CHARBONE's hydrogen fuels Hone's proprietary Fuel Block™ delivery and drop-and-swap refueling system, enabling uninterrupted power throughout production. The partnership has already gained traction, with a major Hollywood studio filming multiple productions in Toronto utilizing Hone's hydrogen generator service and CHARBONE's clean hydrogen—an important validation of the technology and supply chain.
The binding long-term supply agreement covers a two-year term, with volume, pricing, and financial terms undisclosed to maintain CHARBONE's competitive position. The company notes that demand for its clean UHP hydrogen continues to outpace available supply, underscoring the strategic importance of expanding its production network. Revenues from production, distribution, and service activities will be reported on a consolidated basis in quarterly financial statements.
Dave Gagnon, Chairman and CEO 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. 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.'
Hone Inc., based in Etobicoke, Ontario, provides mobile hydrogen power solutions for film and television, as well as applications including fleet EV charging, construction, and remote communities. The company was incubated by Change Energy, an engineering consulting firm. CHARBONE, headquartered in Varennes, Quebec, is advancing a network of clean UHP hydrogen production facilities across North America and selected international markets, serving sectors such as semiconductors, AI and data centers, pharmaceuticals, and aerospace. The company's modular, decentralized approach supports scalable growth and stable revenue generation. More information is available at www.charbone.com and www.honeinc.ca.
