As governments worldwide commit billions of dollars in the race to meet net zero emissions targets, renewable energy company Titan Hydrogen Ltd (Titan Hydrogen) has engaged a broker and legal team to prepare its pre-listing IPO.
The company behind the patent-pending Titan Hydrogen fuel cell and fuel cell extender has appointed broker Barclay Pearce Capital (BPC), based in Sydney, Australia, and legal team Hamilton Locke as it seeks a listing in 2Q2022.
BPC was the lead manager of the heavily oversubscribed multi-million dollar pre-IPO raising for green hydrogen pioneer, Infinite Blue Energy. Fellow renewable energy play, Verdant Earth Technologies, also used BPC to manage its successful pre-IPO.
Titan Hydrogen Chairman, David Vinson, said that the company’s team was delighted to be working with BPC as a key partner in its next phase of growth.
“BPC will assist us in accelerating our proof of concept trials to confirm the patent-pending technology will increase the efficiency of hydrogen fuel cells by up to 60%,” Mr Vinson said.
“We look forward to welcoming new shareholders into the company and having the support of investors focused on these new technologies.”
BPC Director of Corporate Finance, Tim Wilson, said the Titan Hydrogen appointment was an ideal fit for his firm and its values.
Meanwhile, Hamilton Locke has outlined the legal programme for the listing, with the Titan Hydrogen team fully focused on the 2Q2022 milestone.
With their ability to provide power solutions with zero carbon emissions, hydrogen fuel cells are generating significant interest as car manufacturers upscale their efforts to make the world’s roads greener.
In a notable endorsement of Titan Hydrogen’s technology, research by the Queensland University of Technology on the company’s high performance, low temperature hydrogen fuel cell found it produced significantly higher voltage than a standard Polymer Electrolyte Membrane (PEM) fuel cell operating at the same current density.