Pure Hydrogen Corporation's response to ASX query

Pure Hydrogen Corporation Limited (ASX:PH2) has responded to ASX's query regarding recent announcements and the commencement of the trial program with PepsiCo. The company clarified its position on the materiality of the information, the timing of becoming aware of the information, the validity of the cleansing notice, and compliance with listing rules.

Executive commentary on recent ASX query

Pure Hydrogen does not consider the disclosed information to have a material effect on the price or value of its securities. The company believes that the announcement on 14 August 2024 was not marked as 'market sensitive' on MAP because the registration of the first Hydrogen Fuel Cell Prime Mover was a final step in a project that had been extensively disclosed in previous announcements and reports. The company also addressed the share price increase, stating that it was not out of the ordinary and the share volume was not significantly elevated. Pure Hydrogen emphasized that it did not believe the information was material and had prepared the announcement promptly after internal and customer approval.

Summary of ASX query response and outlook

Pure Hydrogen Corporation has provided detailed responses to ASX's queries, asserting its position on the materiality of the disclosed information, the validity of the cleansing notice, and compliance with listing rules. The company clarified that the commencement of the trial program with PepsiCo aligns with the previously indicated timeline and provided insights into the activities involved in the trial. Pure Hydrogen emphasized that it did not believe the delay in the trial commencement to be material and explained the reasons for not making public statements about the delay. The company confirmed its compliance with listing rules and the authorization of its responses by the board. Looking ahead, Pure Hydrogen aims to continue its trial with PepsiCo and maintain transparency in its future announcements and presentations.