CHARBONE Secures Long-Term Hydrogen Supply Contract With Hone Inc. for Entertainment Industry

CHARBONE Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company specializing in clean ultra-high purity hydrogen and other strategic gases, has entered into a long-term hydrogen supply contract with Hone Inc., a provider of mobile hydrogen power solutions for the film and television production industry. The agreement, announced on June 10, 2026, formalizes and extends a commercial relationship that began with CHARBONE's first hydrogen sales in Ontario in January 2026.

The contract underscores the growing acceptance of clean hydrogen as a reliable energy source for on-set power generation in one of North America's busiest production markets. Hone delivers mobile hydrogen power as a clean alternative to diesel generators, using trailer-mounted 165 kW hydrogen ICE generator systems that replicate standard 1,400-amp diesel gensets without emissions. Each generator day can displace more than 1.5 tonnes of CO2 compared to diesel operations. CHARBONE's hydrogen fuels Hone's proprietary Fuel Block™ delivery and drop-and-swap refueling system, ensuring uninterrupted power throughout production.

Commercial traction achieved through this partnership demonstrates the real-world viability of hydrogen in mobile, time-sensitive production environments. A major Hollywood studio with multiple productions filming in Toronto has utilized Hone's hydrogen generator service and CHARBONE's clean hydrogen on several occasions, validating both the technology and supply chain.

The binding long-term supply agreement covers a two-year term. Consistent with its practice, CHARBONE is not disclosing volume, pricing, or financial terms to maintain its competitive position. The company notes that demand for its clean UHP hydrogen continues to outpace available supply, highlighting the strategic importance of expanding its production network. Revenues from production, distribution, and service activities are reported on a consolidated basis in quarterly financial statements.

“This long-term supply agreement with Hone is a direct extension of the commercial momentum we established earlier this year,” said Dave Gagnon, Chairman & CEO of CHARBONE. “The entertainment industry is integrating hydrogen into active studio production workflows. Clean hydrogen is proving its value in demanding operational environments where reliability, safety, and performance are non-negotiable.”

Ry Smith, CEO of Hone, added, “Partnering with CHARBONE on a long-term basis gives Hone the supply certainty we need to confidently serve our clients across multiple Hollywood productions and other industries. Clean, reliable hydrogen is the foundation of our service offering, and CHARBONE's clean UHP hydrogen meets the quality and logistics standards our customers depend on.”

Hone Inc., based in Etobicoke, Ontario, provides mobile hydrogen power solutions for film and television production, as well as applications including fleet EV charging, construction, and remote communities. The company was incubated by Change Energy, an engineering consulting firm with expertise in major fuel system transitions. More information is available at www.honeinc.ca.

CHARBONE is advancing a network of clean UHP hydrogen production facilities across North America and selected international markets. Its modular, decentralized approach supports scalable growth and stable revenue generation. The company serves customers in semiconductors, AI and data centers, pharmaceuticals, aerospace, and defense. For more information, visit www.charbone.com.