Loop Energy Inc. announced a strategic partnership for manufacturing of hydrogen electric power generators. Under the agreement, Loop Energy's hydrogen fuel cell modules are integrated into MYNT's lineup of Purple H2 generators. The Purple H2 is designed to provide a clean energy alternative solution to diesel generators in base load applications for mining, industrial and construction clients.

The agreement was signed after a successful market introduction of the Purple H2 product line in the first quarter of 2023. MYNT is planning 3 trials in the second half of 2023 in Queensland and New South Wales. With the first units of the generators already in production, MYNT expects customer demand to significantly increase over the next two years in the Australian market.

Fuel efficiency, product longevity, and total cost of ownership are critical to the viability of zero-emissions gensets in order to be practical as a replacement for diesel generators. MYNT selected Loop Energy largely due to its advanced eFlow™ technology, which delivers up to a 16% fuel efficiency advantage; 90% more peak power; and, up to a 10 times improvement in current density uniformity over comparable products currently available in the market. These attributes will enable MYNT's Purple H2 generators to provide MYNT's customers with the total of cost of ownership and reliability benefits often required in mission critical applications.