EQS-News: Wolftank-Adisa Holding AG: Wolftank Group establishes subsidiary in the USA

EQS-News: Wolftank-Adisa Holding AG / Key word(s): Expansion/Investment
   Wolftank-Adisa Holding AG: Wolftank Group establishes subsidiary in the
   USA

   16.03.2023 / 10:00 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Presse Release                                                            
                                                                         
                                  Innsbruck, March 16th, 2023 

    

   Wolftank Group establishes subsidiary in the USA

   The Wolftank Group (Wolftank-Adisa Holding AG, ISIN: AT0000A25NJ6),
   specialized in technologies for renewable energy and environmental
   solutions, takes a strategic expansion step towards the USA. With the
   "Inflation Reduction Act" enacted in the summer of 2022, the USA have
   decided to invest USD 370 billion in climate protection in order to reduce
   CO[2] emissions by around 40% compared to 2005. More recently, a hearing
   in the U.S. Senate initiated a debate on a national low-carbon fuel
   standard. This once again highlighted the need for hydrogen-powered
   vehicles to help decarbonizing. To take advantage of this environment and
   participate optimally in the market potential, the Group established its
   own subsidiary in California following a resolution by the Executive
   Board.

   The new Wolftank USA Inc. will supply the American market with the Group's
   innovative hydrogen solutions and will initially focus on mobile hydrogen
   filling stations. At the same time as the company was founded, the group
   applied for a partnership in the "Hydrogen Fuel Cell Partnership", which
   will promote rapid local networking. Peter Werth, CEO of the Wolftank
   Group, had already presented at the renowned "Hydrogen & Fuel Cell
   Seminar" conference in Long Beach in February and visited the first
   customers in the public transport sector as well as other hydrogen
   production sites. California is considered a green pioneer state and has
   adopted significant CO[2] reductions, such as only zero-emission vehicles
   will be allowed in California ports from 2035 onwards.

   „With our new subsidiary in the USA, we are continuing our consistent
   growth course. The environment for zero-emission mobility is ideal for
   this step following recent decisions. We want to become an active player
   in the market with our know-how and offer our mobile hydrogen refueling
   stations, which are optimal as a quick-deployment refueling option. Our
   goal is to significantly contribute to the necessary infrastructure for a
   zero-emission future worldwide“, says Peter Werth, CEO Wolftank Group.

   With more than 20 years of experience in hydrogen storage and refueling
   solutions, the company has multimodal H2 supply solutions for road, rail
   and maritime transport. The group offers ready-to-use hydrogen refueling
   solutions for buses or heavy-duty vehicles (350 bar) and passenger
   vehicles (700 bar).

    

   About Wolftank Group

    

   Wolftank Group is a leading global technology partner for energy and
   environmental solutions. In the field of energy mobility and logistics,
   the Group supports customers in over 20 countries in implementing projects
   efficiently and in an environmentally friendly manner. To this end, it
   develops and implements tomorrow's technologies to decarbonize transport
   and build the infrastructure for zero-emission mobility - for example,
   through the turnkey supply of modular hydrogen and LNG refueling stations.
   In the area of environmental solutions, the offering includes due
   diligences for environmental risks, customized services for soil and
   groundwater remediation, and recycling. The group's subsidiaries in eight
   countries on three continents are controlled by Wolftank-Adisa Holding AG,
   based in Innsbruck, Austria. The shares of Wolftank-Adisa Holding AG (WKN:
   A2PBHR; ISIN: AT0000A25NJ6) are listed in the direct market plus segment
   of the Vienna Stock Exchange AG and in the m:access of the Munich Stock
   Exchange and is traded on Xetra, the Frankfurt and Berlin Stock Exchanges.
   Further information: [1]www.wolftankgroup.com

    

    

   Contact:

   Wolftank-Adisa Holding AG

   Telefon: +43 (512) 345726

   E-Mail: [2]investor-relations@wolftankgroup.com

    

    

   Disclaimer:

   This communication contains statements that concern the future and refer
   to a current state of knowledge, expectations and predictions of the
   management of the company Wolftank-Adisa Holding AG about the future. All
   statements are subject to potentially uncertain assumptions and risks that
   could cause actual results to differ materially from those expressed or
   implied by such statements. Such statements can be identified by the use
   of words such as "expect", "plan", "anticipate", "target", "estimate",
   "assume" or similar. Consequently, statements concerning the future are
   only valid at the time they are made. The Company does not assume any
   obligation to adjust, correct or monitor statements made in this report in
   the future.

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   16.03.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

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   Language:    English
   Company:     Wolftank-Adisa Holding AG
                Grabenweg 58
                6020 Innsbruck
                Austria
   Phone:       +43 512 345726
   E-mail:      investor-relations@wolftankgroup.com
   Internet:    www.wolftankgroup.com
   ISIN:        AT0000A25NJ6
   WKN:         A2PBHR
   Listed:      Vienna Stock Exchange (Vienna MTF)
   EQS News ID: 1583813

   Weitere Handelsplätze: München Freiverkehr m:access Frankfurt Freiverkehr,
   XETRA

    
   End of News EQS News Service


   1583813  16.03.2023 CET/CEST

References

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   2. mailto:investor-relations@wolftankgroup.com

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