First Hydrogen Corp.: First Hydrogen Enters into Binding Letter of Intent with Robotics Company

Vancouver, British Columbia – February 23, 2026 – First Hydrogen Corp. (TSXV: FHYD; OTC Pink: FHYDF; FSE: FIT) announced it has signed a binding Letter of Intent (LOI) to acquire a majority interest in Exodus Actuation Solutions Inc. (“RoboticsCo”), a company with a portfolio of robotics-related intellectual property, including advanced actuators and high-performance motors.

Strategic Rationale and Technology

RoboticsCo owns or licenses 25 issued and 11 pending patents encompassing its Exodus Actuation gearbox and high-performance motor lines. These technologies have been validated and deployed across robotics, automotive, and packaging applications worldwide. The company’s actuators combine human-like dexterity with machine precision, converting electrical energy into controlled motion that enables robotic systems to perform complex, repetitive, and hazardous tasks. Such actuators are foundational to industrial automation, electric mobility systems, and emerging autonomous platforms, including aerial drones.

Robotics is accelerating the clean energy transition by automating the deployment, inspection, and maintenance of renewable assets such as solar and wind installations, as well as hydrogen and battery storage facilities. When paired with AI-enabled control systems, efficient electronic actuators allow humanoid and industrial robots to execute tasks with higher precision and lower energy consumption, supporting cost efficiencies and decarbonization across industrial value chains.

Relevance to Electric Vehicles and Manufacturing

Advanced actuators and robotics are critical enablers for modern electric vehicles (EVs) and their production. In vehicles, actuators function as “muscles,” translating control signals into precise motion—such as braking force, steering inputs, and charging-port locking. In manufacturing, robotics and automation are transforming EV production lines, improving throughput and enabling the assembly of complex battery and powertrain systems. Control over core actuator and robotics IP supports a vertically integrated, fast-growing clean energy ecosystem.

Leadership Commentary

“Securing patented actuator and humanoid robotics technology positions First Hydrogen at the intersection of two major growth themes: next-generation clean energy and autonomous robotic systems,” said Balraj Mann, CEO of First Hydrogen.

Market Opportunity

Industry research indicates the humanoid robotics market could approach $5 trillion by 2050, supported by extensive supply chains and services, with potentially more than one billion humanoids in operation by that time.

Transaction Details

• Ownership: First Hydrogen will acquire a 60% interest in RoboticsCo.
• Consideration: The Company will issue 2,000,000 common shares in stages and provide US$2,000,000 in staged funding, aligned with mutually agreed budgets to advance RoboticsCo’s technology.
• Conditions: The LOI is subject to completion of due diligence; negotiation and execution of a definitive agreement with customary representations, covenants, and conditions; and approval from the TSX Venture Exchange.
• Finder’s/Consulting Fees: The Company expects to pay fees to a third party in accordance with TSX-V policies.

About First Hydrogen Corp.

First Hydrogen Corp. is based in Vancouver, Montreal, Germany, and London, focusing on zero-emission vehicles and green hydrogen production and distribution. The Company has designed and built two hydrogen fuel cell-powered light commercial vehicles (FCEVs) that are road-legal in the United Kingdom (excluding Northern Ireland). With 6,000 km of testing completed, the vehicles have achieved a range of more than 630 kilometres on a single refuel and have been successfully trialled by fleet operators in real-world conditions.

About First Nuclear Corp.

First Nuclear Corp. is committed to developing and commercializing advanced clean energy solutions, including green hydrogen produced using state-of-the-art Small Modular Reactors. The Company aims to deliver scalable, sustainable, and economically viable alternatives to support global climate goals and energy security.

Cautionary Note Regarding Forward-Looking Statements

This release includes forward-looking statements regarding, among other things, the proposed transaction, technology development, market opportunities, anticipated benefits, and future operations. Such statements are not historical facts and are based on current expectations, estimates, and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially. These risks include, but are not limited to, the timing and outcome of due diligence, negotiation and execution of definitive agreements, regulatory approvals (including from the TSX Venture Exchange), access to capital, competitive dynamics, operational risks, intellectual property matters, and general economic conditions. Forward-looking statements are provided to communicate management’s current expectations and plans and may not be appropriate for other purposes. The Company undertakes no obligation to update forward-looking statements except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this release.