First Hydrogen Corp. announces that it has signed a Definitive Agreement with Exodus Actuation Solutions Inc. (“RoboticsCo”). RoboticsCo holds a portfolio of patents and related intellectual property (“IP”), focused on advanced actuation, gearbox, motor, and robotics technologies. RoboticsCo owns or licenses 26 issued and 10 pending patents covering its actuation gearbox and high-performance motor lines. These technologies have been tested and successfully used by robotics, automotive and packaging companies worldwide.
RoboticsCo’s technologies are designed to address key performance requirements across the rapidly expanding robotics and automation markets, including greater speed, torque density, efficiency, precision and reliability, while reducing power consumption, size, noise and overall system cost. Its advanced actuation and gearing designs are intended to reduce friction, improve efficiency and backdrivability, and enable smoother, more natural robotic movement. The platform has undergone extensive development and testing, with more than 500 motors and gearboxes manufactured and shipped, and positive customer feedback demonstrating improved performance and the ability to enable new robotic applications.
The technologies have broad potential across a wide range of robotics, automation, and advanced motion-control applications. Potential uses include humanoid and industrial robotics, robotic arms and manipulators, collaborative robots, automated manufacturing and assembly, material handling, packaging and conveyance systems, precision motion control, and other applications requiring compact, high-performance, and energy-efficient actuation. By improving efficiency, power density, backdrivability and affordability, these solutions have the potential to support the development and wider adoption of increasingly capable robotic systems across emerging and established industries.
RBC Capital Markets estimates the global humanoid robotics market could reach approximately US$9 trillion by 2050, driven by adoption across households, agriculture, manufacturing, logistics and retail. RBC notes that component manufacturers producing critical robotic hardware, including actuators, sensors, and cameras, may benefit from industry growth as these technologies are required across a wide range of robotic platforms and manufacturers.
The investment in RoboticsCo provides First Hydrogen with access to proprietary technologies and intellectual property that have potential applications across multiple areas of the company’s business. In the near term, these technologies are particularly relevant to First Hydrogen’s “hydrogen-as-a-service” ecosystem, with longer-term applications across manufacturing, energy infrastructure, autonomous systems and SMR-related research and operations.
The Company is pleased to announce the launch of its wholly owned subsidiary, First Humanoid Corp. (“First Humanoid”), focused on advancing artificial intelligence, autonomous systems, and next-generation humanoid and intelligent robotic technologies. First Humanoid will serve as the company’s dedicated platform to hold, develop, and commercialise intellectual property and technologies related to humanoid robotics, autonomous systems, and AI-enabled technologies.
Transaction
First Hydrogen will acquire a 60 per cent interest in RoboticsCo by issuing two million common shares of the company, in stages, and financing $2 million (U.S.) in stages, subject to mutually agreed budgets, for the advancement of the robotics company’s technology. The definitive agreement is subject to acceptance by the TSX Venture Exchange. In connection with the transaction, the Company will pay a finder’s and consulting fee to a third party, in accordance with the TSX Venture Exchange policies.
