First Hydrogen Enters Into Binding Letter Of Intent With Robotics Company
VANCOUVER, BC, February 23, 2026 – First Hydrogen Corp. (“FIRST HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) announces that it has entered into a binding Letter of Intent (the “LOI”) with Exodus Actuation Solutions Inc. (“RoboticsCo”), a company holding patents and related intellectual property (“IP”), including robotics technology. RoboticsCo owns or licenses 25 issued and 11 pending patents covering its Exodus Actuation gearbox and high performance motor lines. These technologies have been tested and successfully used in applications including robotics, automotive, and packaging companies worldwide. The 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 traditionally dependent on manual labour. Robotic actuators are foundational components supporting a broad range of applications, including industrial robotics, electric mobility systems, and emerging autonomous platforms such as drones (UAVs).
Robotics is transforming clean energy by automating deployment, inspection, and maintenance of renewable assets such as solar farms and wind turbines, hydrogen and battery storage facilities, optimizing energy use in industry, and improving worker safety in hazardous environments. Aerial and autonomous drone platforms are used for inspection, monitoring, logistics, and remote operations. By pairing high-efficiency electronic actuators with AI-enabled control systems, humanoid and industrial robots can perform complex tasks with greater precision and lower energy consumption than traditional equipment, supporting both cost reduction and decarbonization across industrial value chains.
The Company considers the advanced Actuators and robotics are critical, foundational technologies for electric vehicles (EVs) and their manufacturing, transitioning from traditional mechanical systems to intelligent electromechanical systems. Actuators act as the “muscles” of the vehicle, converting electrical signals from control units into, for instance, braking force, precise steering, or charging port locking. Meanwhile, robotics and advanced automation are revolutionizing EV production, optimizing efficiency, and enabling the assembly of complex battery and powertrain systems. Robotics and actuator IP is a key component in advancing a vertically integrated fast growing energy ecosystem.
Balraj Mann, CEO of First Hydrogen, commented,
Securing patented actuator and robotics Humanoid technology positions First Hydrogen at the intersection of two major growth and investment themes: Next-generation clean energy; and Autonomous robotic systems and Humanoid Robotics.
Morgan Stanley Research estimates the humanoids market is likely to reach $5 trillion by 2050, plus related supply chains as well as repair, maintenance and support. There could be more than 1 billion humanoids in use by 2050. (https://www.morganstanley.com/insights/articles/humanoid-robot-market-5-trillion-by-2050)
Transaction
Pursuant to the LOI, First Hydrogen will acquire a 60% interest in RoboticsCo, by issuing two million (2,000,000) common shares of the Company, in stages, and funding US$2,000,000 in stages, subject to mutually agreed budgets, for the advancement of RoboticsCo’s technology. The LOI is subject to completion of due diligence, execution of a mutually agreeable definitive agreement with customary representations, covenants, and other customary terms and conditions and subject to TSX Venture Exchange approval.
In connection with its role in the LOI, the Company will pay a finder’s and consulting fees to a third-party, in accordance with TSX-V policies.
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First Hydrogen Enters Into Binding Letter Of Intent With Robotics Company, source
