In this Corporate Showcase episode, Jack Colreavy, CFA catches up with H2X Global Limited's CEO Antony Tolfts to unveil some exciting updates from the company.
Antony reveals the strategic inclusion of Georg Zembacher from Toyota, poised to elevate hydrogen-powered 4x4 production. He also discusses H2X Global's collaboration with the European Markets and their plan for IPO on the London Stock Exchange. Tune in to learn how H2X Global is advancing in the hydrogen innovation space! 🌍✨
To access investment opportunities in H2X Global, please contact James Whelan.
Read the Transcript:
Jack Colreavy: Hello, my name is Jack Colreavy, Associate Director at Barclay Pearce Capital. Welcome to our Corporate Showcase. Today in the studio with me is Antony Tolfts, CEO of H2X Global. Thanks for your time, Antony.
Antony Tolfts: Jack, what a pleasure to be here for my third time on the Corporate Showcase. So, you know, great to be back.
Jack Colreavy: Always great to have you. And for those who are unfamiliar with H2X Global, they're leaders in hydrogen fuel cell electric vehicles. And we'll go over some of, some of the news that's, that's coming up for, for an exciting company such as H2X. So let's start with, uh, corporate governance. I understand that you're bringing on a new board member.
Antony Tolfts: That's right, Jack. So we've been signalling for some time that H2X is looking for a European automotive leader to come on and join our board as we head towards an IPO. We're excited to finally say that we brought Georg Zambika onto our board, and he's currently the Chief Innovation Officer of Toyota's Innovation and Solutions Division.
So, just a great person to have with us at H2X. He fills out a gap that we had in terms of really getting the supply chain sorted out and just helping us with the latest and greatest technology innovation from his background.
Jack Colreavy: So, let's move on to your first vehicle, which is going to the very first customer the Warrego. Do you wanna touch on where that's at?
Antony Tolfts: Oh, look, Jack, super excited about this moment for H2X, our first production vehicle now, uh, it's been ready for a little while, but it's been going through a roadworthy process in the Netherlands to be accredited for use on roads in Europe and the UK. Uh, the process is taking longer than we expected, but it's the first of its kind.
It's the first. Four-wheel drivers powered by hydrogen in the world. We then look forward to delivering it to our customer, RENOVA, who is a company owned by the Swedish government, who do an incredible job in reusing and recycling waste. Before we hand it over, we'd like to do a bit of a celebration, of course, internally and just show the vehicle off in some of its capability.
Jack Colreavy: Yeah, I mean, celebrating the wins is always very important. What about an IPO where you can open it up to a more broader audience? What are the plans there?
Antony Tolfts: Great question. So H2X always gonna be an Australian automotive company. However, at the moment our production is in Europe. Our customers are in Europe and Scandinavia, and so we are looking at listing in the UK on the aim market of the London Stock Exchange.
And we see that just that's where our market is. Now, that said, I'm not going to rule out coming back to Australia and having a secondary listing on the ASX. But at the moment, our target is really just to be where our customers, where our product is. And that's why we're targeting a UK listing.
Jack Colreavy: And for those unfamiliar, the AIM market is the growth segment of the London Stock Exchange.And it offers a number of tax benefits for various investors. To incentivize them to, to support these types of companies. And, uh, there is a big ESG focus as well. So I think it's a great home for, uh, for H2X and it's a smart decision.
So thank you so much for your time.
Antony Tolfts: Super excited. Thanks for having us, Jack.
