(Oslo, 10 July 2015) H2 Logic A/S, subsidiary of NEL ASA, has executed a binding technology transfer agreement with Mitsubishi Kakoki Kaisha, Ltd. (MKK) listed on the Tokyo stock exchange and a member of the Mitsubishi Group companies.

The agreement includes a technology transfer and adaption of the H2Station® CAR-100 product for the Japanese market with the aim to achieve the first station in operation during 2016. H2 Logic A/S will license the CAR-100 technology to MKK and assist in adapting the design for use in Japan. The collaboration is to expand MKK’s position in becoming a major player in supply and construction of hydrogen fueling stations in Japan, and will provide H2 Logic A/S access to the Japanese market.

The full press release from H2 Logic A/S and Mitsubishi Kakoki Kaisha is enclosed.

For additional information, please contact:

Bjørn Simonsen, market development and public relations director, + 47 97 17 98 21

Lars Christian Stugaard, acting chief executive officer, +47 47 63 05 22

About NEL

NEL ASA is the first dedicated hydrogen company on the Oslo Stock Exchange. Since its foundation in 1927, NEL Hydrogen has a proud history of development and continual improvement of hydrogen plants. NEL aims to deliver a complete solution, from hydrogen production to the refuelling of vehicles through the partly owned company Hyme AS and the subsidiary H2 Logic A/S.  H2 Logic A/S is a leading manufacturer of H2Station® hydrogen refueling stations that provides fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today. www.nelhydrogen.com

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