Robert Borin
Chief Executive Officer

Okay. Good morning, everyone, and welcome to Cavendish Hydrogen's First Quarter Presentation. My name is Robert Borin and I am the CEO of Cavendish Hydrogen. And with me today, I have our CFO, Marcus Halland. The presentation will last for roughly 20 minutes, and there will be a live Q&A session after the presentation.

So most of you know us pretty well by now. But for those of you who are new to our company, I will start with a short introduction before we move on to the first quarter business update. So in Cavendish Hydrogen, we are in the business of ending emissions from mobility. And we do this through reliable hydrogen fueling solutions across the world. So yes, why is it that we are focusing on hydrogen mobility and not on other solutions like electricity or biofuel?

Well, hydrogen fuel cell vehicles have strong advantages over conventional fossil combustion engine vehicles, like, for instance, no emissions, which we consider to be a hygiene factor in the modern mobility business of today. But on top of that, hydrogen fuel cell vehicles also have advantages over battery electric vehicles, like, for instance, the longer driving range, where a long-range heavy-duty truck need to have a range of above 800 kilometers in 1 charge or refill, which hydrogen vehicles can do today. A refill that should not take more than 15 minutes.

And finally, the grid connection needed to install a hydrogen fueling station for heavy-duty mobility is significantly smaller than the grid connection needed for a