Landi Renzo S p A : consolidates its participation in the development of hydrogen mobility solutions by joining H2 – ICE

PRESS RELEASE

Landi Renzo further consolidates its participation in the development of hydrogen

mobility solutions by joining H2 - ICE:

1 year and a half to develop together with PUNCH Torino, AVL Italia, Industria Italiana Autobus and TPER a hydrogen-powered internal combustion engine

Cavriago (RE), 19th January 2021

Landi Renzo, global leader in the design and manufacturing of systems and components for gas and hydrogen mobility (CNG, LNG, H2 and LPG) for motor vehicles and heavy-duty vehicles, has joined H2-ICE, a partnership between five Italian companies with Punch Torino and AVL Italia as leaders and with the participation of Industria Italiana Autobus and TPER, aimed at the development of an internal combustion engine powered by hydrogen.

Landi Renzo will specifically develop and produce components for hydrogen engines to be used in buses and trucks.

Landi Renzo has been active for over two years in the development of components and solutions for hydrogen mobility, dedicated in particular to the Mid&Heavy Duty (LCV, Bus and Truck) and Off Road segments, both for FCEV (fuel cell electric vehicle) solutions and hydrogen-powered engines. In 2019, the Group signed an MoU with Hydrogenics (now Cummins Group), which led to the start of several other hydrogen collaborations at global level and in the project funded by the University of Modena and Reggio Emilia.

Cristiano Musi, CEO of Landi Renzo commented: "This further agreement is part of our Group's strategy to become a key player in the transition towards energy decarbonisation, where we can play a truly leading role. Working with high-level partners such as Punch Torino, AVL Italia, Industria Italiana Autobus and TPER to pool the expertise of Italy's leading companies is the winning way to exploit the great potential of hydrogen. As a Group we are committed to the development of new hydrogen solutions both in the automotive sector, also in collaboration with several OEMs, and in infrastructures through our subsidiary SAFE&CEC."

This press release is a translation. The Italian version will prevail.

Landi Renzo is the global leader in the Methane gas, LNG, hydrogen and LPG components and systems for the motor vehicles sector. The Company is based in Cavriago (Reggio Emilia) and has over 60 years' experience in the sector, and is renowned for the extent of its international activities in over 50 countries, with export sales of about 80%. Landi Renzo S.p.A. has been listed on the STAR segment of the MTA Market of Borsa Italiana since June 2007.

www.landirenzogroup.com

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