EQS-News: Wolftank Group further strengthens hydrogen positioning with new orders totaling EUR 10 million

EQS-News: Wolftank Group AG / Key word(s): Incoming Orders/Sustainability
Wolftank Group further strengthens hydrogen positioning with new orders
totaling EUR 10 million

25.11.2024 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Wolftank Group further strengthens hydrogen positioning with new orders
totaling EUR 10 million

• Hydrogen filling stations for public buses in Carinthia and South
Tyrol
• Strategic step into new market segment: hydrogen refueling of
construction machinery

Wolftank Group AG (ISIN: AT0000A25NJ6), a leading provider of
environmental and energy solutions, is underlining its innovative role in
the field of green mobility and strengthening its position in the hydrogen
sector with a series of new orders. In the project presented on Friday by
the state of Carinthia for Austria’s first hydrogen bus fleet in regional
transport, Wolftank Group is building a hydrogen filling station for
refueling 35 public buses in Villach on behalf of project partner GUTMANN
GmbH. It will also be responsible for its maintenance for ten years. The
total value of the contract is around EUR 5.3 million.

In South Tyrol, the Wolftank Group, in collaboration with Gemmo SpA, will
build a hydrogen filling station for Südtiroler Verkehrs AG (SASA) in
Merano. This will ensure the operation of 15 hydrogen buses and other
vehicles with 700-bar technology. With an order volume of EUR 3 million,
this project represents an important milestone for public transport in the
region. Wolftank Group already built the first hydrogen filling station
for SASA in Bolzano in 2021 and was awarded the contract to expand this
filling station together with Gemmo at the beginning of 2024.

New market segment: hydrogen refueling of construction machinery
With a significant new project, Wolftank Group is opening up a new market
segment for its hydrogen technology: after refueling buses and trains in
public transport and forklift trucks in the intralogistics sector, the
company is now starting a new assignment in the construction machinery and
mining sector. Wolftank is installing a container-based hydrogen refueling
station for a pilot project in which a hydrogen-powered large wheel loader
will be used in an Austrian quarry. This flexible and transportable
solution enables the decarbonization of a heavily polluting sector and
underlines the innovative strength of the Wolftank Group. The project
volume amounts to EUR 1.8 million.

„For many hard-to-electrify industries, hydrogen is the only realistic
solution that makes a decisive contribution to decarbonization. Our
refueling technology offers a unique combination of flexibility,
efficiency and sustainability for hydrogen-powered construction
machinery,“ explains Peter Werth, CEO of the Wolftank Group. „This is a
future-oriented market in which we see long-term prospects and great
potential.“

About Wolftank Group
Wolftank Group is a leading technology partner for energy and
environmental solutions operating worldwide. In the field of energy
mobility and logistics, the Group supports customers in more than 20
countries to implement projects in an efficient and environmentally
friendly way. For this, it develops and implements tomorrow’s technologies
to decarbonize transport and build the infrastructure for zero-emission
mobility – such as turnkey delivery of modular hydrogen and LNG refueling
facilities. In the area of environmental solutions, the offering includes
due diligences for environmental risks, customized services for soil and
groundwater remediation, as well as recycling. The group’s subsidiaries in
eight countries on three continents are managed by Wolftank Group AG,
based in Innsbruck, Austria. The share of Wolftank Group AG (WKN: A2PBHR;
ISIN: AT0000A25NJ6) is listed in the direct market plus segment of the
Vienna Stock Exchange 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 Group Investor Relations
phone: +43 512 345726
email: [2]investor-relations@wolftankgroup.com

Disclaimer:
This communication contains forward-looking statements based on current
knowledge, expectations, and projections of Wolftank Group AG’s management
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 using words such as „expect“, „plan“, „anticipate“, „target“,
„estimate“, „assume“ or similar. Consequently, statements relating to 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 communication in the future.

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25.11.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: Wolftank Group 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: 2036957

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

 
End of News EQS News Service

2036957  25.11.2024 CET/CEST

References

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2. investor-relations@wolftankgroup.com