Balance SheetThe company closed the divestiture of its Light-Duty business, strengthening its balance sheet with proceeds including $41.2M received on closing.
ExpansionThe company is planning to open a Hydrogen Innovation Center and manufacturing facility in China to capitalize on the strong hydrogen market there.
Strategic FocusThe company's future business model is expected to focus on leveraging its HPDI technology to develop products for alternative fuel solutions, including LNG, CNG, RNG, and hydrogen systems.