Form DEFA14A Decarbonization Plus
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
(Rule 14a-101)
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. __)
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May 29, 2021
Hyzon Motors Announces New 50 Tonne Fuel Cell Truck Orders with Leading Dutch Transport Companies, Jan Bakker and Millenaar & van Schaik
| Hyzon signs definitive purchase agreements to supply a total of up to 20 hydrogen fuel cell powered trucks with subsidiaries of Jan Bakker Transport and Millenaar & van Schaik |
| Hyzon expects to deliver up to three trucks in 2021, followed by the remaining trucks in 2022 |
| Trucks will be assembled out of Hyzons European facility in the Groningen area of the Netherlands |
May 28, 2021, Rochester, NY and Groningen, Netherlands: Hyzon Motors Inc. (Hyzon or the Company), a leading global supplier of zero-emission hydrogen fuel cell powered commercial vehicles, today announced it has entered into definitive purchase agreements with subsidiaries of major Dutch transport companies Jan Bakker B.V (Jan Bakker) and Millenaar & van Schaik B.V. (Millenaar & van Schaik) to supply a total of up to 20 hydrogen fuel cell powered trucks. This comes ahead of Hyzons public listing via a definitive business combination agreement with Decarbonization Plus Acquisition Corporation (NASDAQ: DCRB, DCRBW).
Hyzon expects to deliver up to three vehicles in Q4 of 2021, and to deliver the remaining trucks in 2022. The vehicles, HyMax 450 Tractors built on a class-8 DAF truck chassis, are expected to have up to 520 km per refill with motor power up to 550 kW capacity. Hyzon expects to manufacture the trucks in its European facility in the Groningen area of the Netherlands, where orders are being taken for deliveries of Hyzon-branded commercial vehicles worldwide. The trucks have been purchased by Duurzaam Transport B.V., a subsidiary of Jan Bakker, and H2 Transport B.V., a subsidiary of Millenaar & van Schaik.
Jan Bakker counts 17 companies in the corporate family, operating in transport, energy, and agricultural trade. Millenaar & van Schaik is one of the largest asphalt transport companies in the Netherlands. Both companies are committed to sustainable practices and utilizing renewable energy sources such as wind and solar. Implementing Hyzons FCEVs extends this commitment along their truck routes.
Craig Knight, Hyzon CEO, said, We are excited to be engaging with transport and logistics organizations like Jan Bakker and Millenaar & van Schaik, to bring hydrogen fuel cell powered trucks to the Netherlands. These contracts further underline the interest in Hyzons products in the European market, where we have seen strong uptake in zero-emission heavy vehicles.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act. All statements, other than statements of present or historical fact included in this press release, including those regarding Decarbonization Plus Acquisition Corporations (DCRB) proposed acquisition of the
Company and DCRBs ability to consummate the transaction, are forward-looking statements. When used in this press release, the words could, should, will, may, believe, anticipate, intend, estimate, expect, project, the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on managements current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, DCRB and the Company disclaim any duty to update any forward looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. DCRB and the Company caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of either DCRB or the Company, including risks and uncertainties described in the Risk Factors section of Exhibit 99.3 of DCRBs Current Report on Form 8-K filed with the SEC on February 9, 2021, the Risk Factors section of DCRBs preliminary proxy statement on Schedule 14A filed with the SEC on March 17, 2021, as amended on May 14, 2021, and other documents filed by DCRB from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements, such as risks related to the ability to convert non-binding memoranda of understanding into binding orders or sales (including because of the current or prospective financial resources of the counterparties to Hyzons non-binding memoranda of understanding and letters of intent), or the ability to identify additional potential customers and convert them to paying customers. Hyzon gives no assurance that Hyzon will achieve its expectations.
Important Information for Investors and Stockholders
In connection with the proposed business combination, DCRB filed a proxy statement and other relevant documents with the SEC. Stockholders and other interested persons are urged to read the proxy statement and any other relevant documents filed with the SEC because they contain important information about DCRB, Hyzon and the proposed business combination. Stockholders may obtain a free copy of the proxy statement, as well as other filings containing information about DCRB, Hyzon and the proposed business combination, without charge, at the SECs website located at www.sec.gov.
DCRB, Hyzon and their directors and executive officers and other persons may be deemed to be participants in the solicitations of proxies from DCRBs stockholders in respect of the proposed business combination and the other matters set forth in the proxy statement. Information regarding DCRBs directors and executive officers is available in DCRBs Annual Report on Form 10-K for the annual period ended December 31, 2020 and under the heading Information About DCRB in DCRBs preliminary proxy statement related to the Proposed Business Combination filed with the SEC on March 17, 2021, as amended on May 14, 2021. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is set forth in the proxy statement relating to the proposed business combination.
Hyzon Motors Contacts
For US, Europe and Asia Media: Brian Brooks
H+K Strategies
713-752-1901 [email protected]
For Australasian Media: Fraser Beattie Cannings Purple
+61 421 505 557 [email protected]
For Investors:
Caldwell Bailey ICR, Inc. [email protected]
***
Forward Looking Statements
The information in this filing includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this filing, regarding Decarbonization Plus Acquisition Corporations (DCRB) proposed acquisition of Hyzon Motors Inc. (Hyzon), DCRBs ability to consummate the transaction, the benefits of the transaction and the combined companys future financial performance, as well as the combined companys strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this filing, the words could, should, will, may, believe, anticipate, intend, estimate, expect, project, the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on managements current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, DCRB and Hyzon disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. DCRB and Hyzon caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of either DCRB or Hyzon. In addition, DCRB cautions you that the forward-looking statements are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay the business combination or give rise to the termination of the Business Combination Agreement and Plan of Organization, dated as of February 8, 2021, by and among DCRB, DCRB Merger Sub Inc., and Hyzon, any PIPE investors subscription agreement, and the other agreements related to the business combination (including catastrophic events, acts of terrorism, the outbreak of war, COVID-19 and other public health events), as well as managements response to any of the foregoing; (ii) the outcome of any legal proceedings that may be instituted against DCRB, Hyzon, their affiliates or their respective directors and officers following announcement of the transactions; (iii) the inability to complete the business combination due to the failure to obtain approval of the stockholders of DCRB, regulatory approvals, or other conditions to closing in the transaction agreement; (iv) the risk that the proposed business combination disrupts DCRBs or Hyzons current plans and operations as a result of the announcement of the transactions; (v) Hyzons ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the pace and depth of hydrogen vehicle adoption generally, and the ability of Hyzon to accurately estimate supply and demand for its vehicles, and to grow and manage growth profitably following the business combination; (vi) risks relating to the uncertainty of the projected financial information with respect to Hyzon, including the conversion of pre-orders into binding orders; (vii) costs related to the business combination and the PIPE investment; (viii) changes in applicable laws or regulations, governmental incentives and fuel and energy prices; (ix) the possibility that Hyzon may be adversely affected by other economic, business, and/or competitive factors; (x) the amount of redemption requests by DCRBs public stockholders; and (xi) such other factors affecting DCRB that are detailed from time to time in DCRBs filings with the Securities and Exchange Commission (the SEC). Should one or more of the risks or uncertainties, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in DCRBs proxy statement, which was initially filed with the SEC on March 17, 2021, and its periodic filings with the SEC, including its Annual Report on Form 10-K for annual period ended December 31, 2020. DCRBs SEC filings are available publicly on the SECs website at www.sec.gov.
Important Information for Investors and Stockholders
In connection with the proposed business combination, DCRB initially filed a proxy statement with the SEC on March 17, 2021. Additionally, DCRB will file other relevant materials with the SEC in connection with the business combination. Copies may be obtained free of charge at the SECs web site at www.sec.gov. Security holders of DCRB are urged to read the proxy statement and the other relevant materials when they become available before making any voting decision with respect to the proposed business combination because they contain or will contain important information about the business combination and the parties to the business combination.
Participants in the Solicitation
DCRB and its directors and officers may be deemed participants in the solicitation of proxies of DCRBs stockholders in connection with the proposed business combination. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of DCRBs executive officers and directors in the solicitation by reading DCRBs Annual Report on Form 10-K for the annual period ended December 31, 2020, and the proxy statement and other relevant materials filed with the SEC in connection with the business combination. Information concerning the interests of DCRBs participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, is set forth in the proxy statement relating to the business combination.
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