CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (UHP) hydrogen and other strategic industrial gases, has announced 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 formalizes and extends a commercial relationship that began with CHARBONE's first hydrogen sales in Ontario in January 2026.
Under the binding two-year contract, CHARBONE will supply clean UHP hydrogen to fuel Hone's trailer-mounted 165 kW hydrogen ICE generator systems, which serve as a zero-emission alternative to traditional diesel generators used on film sets. Each generator day can displace more than 1.5 tonnes of CO2 compared to diesel operations, according to the announcement. Hone's proprietary Fuel Block™ delivery and drop-and-swap refueling system ensures uninterrupted power throughout production.
The agreement highlights growing acceptance of hydrogen as a clean power source in the entertainment industry. 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. This commercial traction demonstrates the real-world viability of hydrogen in mobile, time-sensitive production environments where reliability and safety are critical.
CHARBONE management emphasized the strategic importance of the partnership. Dave Gagnon, Chairman & Chief Executive Officer of CHARBONE, stated: "This long-term supply agreement with Hone is a direct extension of the commercial momentum we established earlier this year, and it reflects something meaningful: the entertainment industry is not just testing hydrogen, it is integrating it into active studio production workflows. Clean hydrogen is proving its value in some of the most demanding operational environments, where reliability, safety, and performance are non-negotiable."
The agreement provides supply certainty for Hone as it serves multiple Hollywood productions and clients across other industries. Ry Smith, CEO of Hone, commented: "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 a diverse range of other industries and clients. 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."
Consistent with its practice, CHARBONE is not disclosing the volume, pricing, or financial terms of the contract to maintain its competitive position. The company noted that demand for its clean UHP hydrogen continues to outpace available supply, underscoring 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.
The partnership between CHARBONE and Hone represents a significant step toward reducing carbon emissions in the entertainment industry, where diesel generators have long been the standard for on-set power. By displacing over 1.5 tonnes of CO2 per generator day, the adoption of hydrogen power can substantially lower the environmental footprint of film and television productions. For the broader industrial gas sector, this agreement demonstrates the viability of hydrogen as a clean energy solution in mobile applications, potentially paving the way for wider adoption in other industries such as construction, fleet EV charging, and remote community power provision.
