PLASTIC OMNIUM (EPA:POM) - Plastic Omnium signs technological partnership with McPhy

Transparency directive : regulatory news

06/05/2021 07:30

Levallois, May 6, 2021

   Plastic Omnium signs technological partnership with McPhy to boost its
      expertise and solutions for hydrogen fuel cell electric vehicles

* A technological collaboration to maximize the performance of the Group's
  hydrogen solutions, in particular concerning the filling interface between
  hydrogen stations and high-pressure vessels.
* A commitment to sharing expertise, to speed up the transition to carbon-free
  mobility.

Plastic Omnium has signed a technological partnership with McPhy, a specialist
in hydrogen production and distribution equipment. One of the central aspects
of this partnership is to collaborate on filling protocols and interfaces
between hydrogen stations and high-pressure vessels, thereby helping broaden
the Group's expertise across the entire hydrogen value chain.

Convinced of hydrogen's major role in tomorrow's sustainable mobility, Plastic
Omnium has built up technological and industrial expertise since 2015. Its
production capacities - now operational - enable the Group to provide its
customers with a complete range of solutions across the entire hydrogen value
chain, from high-pressure vessels to fuel cells stacks and the integrated
hydrogen systems.

Laurent Favre, Chief Executive Officer of Plastic Omnium, explains:
"Sustainable mobility challenges require an agile and open approach. This
partnership with McPhy ties in perfectly with Plastic Omnium's strategy to
develop its expertise in this sector, in order to extend its technological and
industrial lead in the rapidly growing hydrogen market."

Laurent Carme, Chief Executive Officer of McPhy, adds: "This partnership with
Plastic Omnium, with whom we share the same technological and industrial
challenges, is an example of cooperation that McPhy intends to implement in
order to cross-fertilize its expertise with other major stakeholders in the
hydrogen sector, in a true sector logic. It allows us to accelerate the
development of hydrogen stations, to prepare an industrialized, market-scaled
and competitive offer".

Technological cooperation: cross-fertilization of offers and broadening of the
customer base

This technological collaboration will in particular aim to improve the
performance and connectivity of high- pressure vessels, by analyzing and mining
the data generated by the interface at the filling station.

Plastic Omnium and McPhy are also looking at developing joint commercial
products and solutions starting from the needs' analysis phase, for Plastic
Omnium's historic customers as well as new hydrogen mobility players.

About Plastic Omnium
Around the world, Plastic Omnium provides carmakers with innovative solutions
for more connected and sustainable mobility. A global leader in its three
businesses, the Group develops and produces intelligent exterior systems, clean
energy systems and customized complex modules. With an international footprint
of 135 plants and 25 R&D centers, Plastic Omnium relies on its 31,000 employees
to meet the challenges of clean and smart mobility. Innovation-driven since its
creation, Plastic Omnium is now paving the way for the zero-carbon car through
its investments in hydrogen solutions, for which the Group has ambitions to
become world leader throughout the entire value chain
Plastic Omnium is listed on Euronext Paris, compartment A, and is included in
the SRD (deferred settlement service) and SBF 120 and CAC Mid 60 indices (ISIN
code: FR0000124570).

About McPhy
Specialized in hydrogen production and distribution equipment, McPhy is
contributing to the global deployment of zero carbon hydrogen as a solution for
energy transition. With its complete range of products dedicated to the
industrial, mobility and energy sectors, McPhy offers its customers turnkey
solutions adapted to their applications in industrial raw material supply,
recharging of fuel cell electric vehicles or storage and recovery of
electricity surplus based on renewable sources. As designer, manufacturer and
integrator of hydrogen equipment since 2008, McPhy has three development,
engineering and production centers in Europe (France, Italy, Germany). Its
international subsidiaries provide broad commercial coverage for its innovative
hydrogen solutions. McPhy is listed on Euronext Paris (compartment C, ISIN
code: FR0011742329, MCPHY).

CONTACTS

Press relations:
Myriam Malak: myriam.malak@plasticomnium.com
+33 (0) 1 40 87 65 41

Investor relations:
Philippine de Schonen: investor.relations@plasticomnium.com
+33 (0) 1 40 87 6678

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PLASTIC OMNIUM (EPA:POM) - Plastic Omnium signs technological partnership with McPhy

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