친환경 상용차 업체 Pure One, 건설자재업체 Heidelberg용 32톤 FC 믹서트럭 2대 조립

■ 제목: Pure One Advances Two Hydrogen Concrete Trucks for Heidelberg as Battery-Swap Expansion Begins

■ 출처: Fuel Cells Works

■ 작성자: Fuel Cells Works

■ 발행일: August 4, 2026 at 11:07 AM EDT

■ 원문 링크: https://fuelcellsworks.com/2026/08/04/investors/pure-one-advances-two-hydrogen-concrete-trucks-for-heidelberg-as-battery-swap-expansion-begins

■ 본문:

One 32-tonne fuel-cell agitator is heading for installation of its concrete mixer while the second undergoes ADR testing before entering service at Heidelberg Materials’ Rockingham site

Pure One Corporation Limited (ASX: P1E) June 2026 Quarterly Report — Q4 FY2026

Highlights

• Two hydrogen fuel cell 8x4 32T concrete agitator trucks for Heidelberg Materials have been assembled, with one on route to add the concrete mixing bowl and the other testing for ADR requirements before going into operation at Heidelberg's Rockingham site in Western Australia
• Delivered an EV70 electric minibus to South West Community Transport
• Strengthened available funding through A$3.5 million received from the first tranche of the Turquoise Group sale, with a further A$1.5 million payable under the transaction
• Strategic energy investments advanced: Eastern Gas executed a drilling contract for the Venus appraisal program and Botala progressed Pitse Pilot well 3.5B through completion and into stimulation readiness following stronger-than-expected logging results
• Subsequent to quarter end, Pure One has been planning the launch of its Alpha battery-swap Prime Mover and Zeus EV Van. The official launch is set to take place at Eastern Creek on 9 September 2026. To attend please email investor@pure1corp.com
• The first Zeus Van and battery-swap Alpha Prime Mover Truck arrived in Australia in July 2026
• Subsequent to quarter end, appointed experienced electric vehicle executive Mr Edward Kocwa as a Non-Executive Director, following the retirement of Mr Ron Prefontaine. In addition, Mr Jeff Le Compte has been appointed Chief Financial Officer of the Company
• As at 30 June 2026, Pure One held cash of $7.3 million with undrawn credit facilities of approximately $7.3 million. The Company remains well capitalised to support its growth

Pure One Corporation Limited ('Pure One' or 'the Company') (ASX: P1E) is pleased to provide this Activities Report for the quarter ended 30 June 2026 (Q4 FY2026).

During the June quarter, Pure One continued to execute its strategy of building a leading zero-emission commercial vehicle business, strengthening its balance sheet, and unlocking value from its portfolio of strategic energy assets.

A major milestone during the quarter was the completion of the first tranche of the sale of the Company's 40% interest in Turquoise Group, following shareholder approval. The transaction delivered gross cash proceeds of A$3.5 million, significantly strengthening the Company's financial position and providing additional capital to support the commercial rollout of its expanding zero-emission vehicle portfolio.

The Company also progressed multiple funding initiatives to support the deployment of its clean technology commercial vehicles and advanced the development of its Alpha Series battery-swap Prime Mover and Zeus electric van, both of which are scheduled for commercial launch in September 2026.

Subsequent to quarter end, the Company further strengthened its Board with the appointment of experienced electric vehicle executive Mr Edward Kocwa as a Non-Executive Director, enhancing the Company's automotive, manufacturing and commercial expertise as it enters its next phase of growth.

Pure One Managing Director, Mr Scott Brown, said: "The June quarter delivered significant progress across every aspect of our business. The completion of the first tranche of the Turquoise Group transaction strengthened our balance sheet with A$3.5 million in cash while allowing us to continue executing our commercial vehicle strategy."

"During the quarter, we also progressed the manufacture and delivery of customer vehicles. Our two hydrogen fuel cell prime movers for Heidelberg Materials successfully advanced through Factory Acceptance Testing, while we delivered an EV70 electric minibus to South West Community Transport in New South Wales. These projects demonstrate that our technologies are moving beyond development and into real-world commercial fleet operations."

"With the arrival of our Alpha Series battery-swap Prime Mover and Zeus electric van in Australia, together with several funding initiatives currently underway, we are well positioned to accelerate our market entry and deliver practical zero-emission transport solutions for Australian fleet operators. Whilst the Board is frustrated with the current share price, we believe there are multiple near-term milestones that will help us re-rate Pure One. These include Eastern Gas Corporation Limited, in which we hold a 69.4% interest, successfully completing the Venus-2H appraisal well and undertaking ongoing field development, and establishing a sustainable sales base for our Alpha Series battery-swap Prime Mover and the Zeus electric van, as this will clearly demonstrate that we have competitive products in what is a rapidly growing mobility sector. In the near term, we are well-funded and have considerable financial flexibility and a portfolio of valuable tradable securities, the value of which also has considerable upside."

Electric Commercial Vehicle Strategy

Subsequent to quarter end, Pure One achieved another important milestone with the arrival in Australia of the first Alpha Series battery-swap Prime Mover and Zeus electric commercial van. Preparations are now well advanced for the official launch of both vehicles on 9 September 2026. Shareholders and interested parties wishing to attend the launch are invited to register their interest by emailing investor@pure1corp.com.

Product demonstration videos for both vehicles are available on the Company's website at www.pure1corp.com.

The Alpha Series and Zeus represent the next stage of Pure One's strategy to become a leading supplier of zero-emission commercial vehicles across Australia. Together with the Company's hydrogen fuel cell and hybrid vehicle technologies, these products form a key pillar of Pure One's long-term clean mobility strategy.

Battery-swap technology enables depleted battery packs to be exchanged for fully charged batteries within minutes, significantly reducing vehicle downtime compared with conventional plug-in charging. The technology is particularly suited to high-utilisation commercial fleets and back-to-base operations where vehicle availability is critical. The light commercial vehicle segment also presents a significant near-term opportunity for fleet electrification across urban logistics, freight and last-mile delivery applications.

During the quarter, the Company continued to expand its commercial pipeline and strengthen its go-to-market strategy by engaging with prospective fleet customers, strategic partners and government stakeholders in preparation for the commercial deployment of its expanding zero-emission vehicle portfolio.

Alpha battery-swap electric prime mover is a battery-swap enabled electric prime mover designed for short-distance urban and port-based bulk haulage, targeting back-to-base fleet operators where predictable route cycles support rapid battery-swap turnaround in place of conventional depot charging. Alpha is configured as a 6x4 prime mover with a 90,000 kg GCM, a 400 kWh CATL battery system with integrated charging and battery-swap capability, and a 280 kW rated / 420 kW peak powertrain delivering up to 2,600 Nm of torque.

Zeus all-electric large commercial van is a fully electric large commercial van designed for urban logistics, delivery and commercial fleet applications, extending Pure One's offering into the light commercial vehicle segment. Zeus is powered by a 100.9 kWh CATL battery with a 150 kW / 370 Nm powertrain, offering up to 408 km of range, a 1,980 kg payload and 14 m³ of cargo volume. The first Zeus Van arrived in Australia in July 2026, creating a nearer-term pathway to orders and sales.

Hydrogen Fuel Cell and Electric Vehicle Progress

During the quarter and subsequent to the quarter end, Pure One advanced its vehicle programs across both hydrogen fuel cell and battery-electric platforms. The Company's two hydrogen fuel cell (HFC) 8x4 32T concrete agitator trucks for Heidelberg Materials were assembled and are awaiting delivery to the customer. The trucks will be operated at Heidelberg's Rockingham operations in Western Australia and incorporate a 200 kW fuel cell system and CATL traction battery designed for heavy-duty concrete delivery operations.

The Company also delivered an EV70 electric minibus to South West Community Transport, a leading not-for-profit organisation based in Minto, New South Wales, supporting elderly (65+) and NDIS participants. The fully accessible, ADR-compliant vehicle replaces traditional diesel platforms and is projected to deliver approximately 113 tonnes of CO₂ emissions savings per annum compared to diesel alternatives.

Separately, Solo Resource Recovery, a customer of Pure One, conducted a demonstration and briefing for the Mayor of Byron Shire Council, showcasing its hydrogen fuel cell rear loader waste collection vehicle currently operating in Byron Bay, New South Wales.

Sale of Turquoise Group Interest

During the quarter, the Company achieved a significant milestone with the completion of the first tranche of the sale of its 40% interest in Turquoise Group. The transaction, originally announced on 22 December 2025, was approved by shareholders at a General Meeting held on 24 June 2026, with the resolution carried on a poll with 96.84% of votes in favour.

Following shareholder approval, Pure One received the first cash payment of A$3.5 million, with the remaining balance of A$1.5 million to be received in accordance with the terms of the transaction agreement. The sale is expected to generate an estimated profit on disposal of approximately A$3.4 million, which will be recognised by the Company subject to completion of the transaction and final accounting adjustments.

The completion of the first tranche represents an important step in the Company's strategy to strengthen its balance sheet and provide additional capital to accelerate the growth of its clean technology electric vehicle business.

Eastern Gas Corporation Limited (ASX: EGA)

Eastern Gas Corporation Limited ("Eastern Gas"), in which Pure One holds a 69.4% interest, advanced its flagship Venus Project (ATP 2051) in Queensland's Surat Basin during the quarter through execution of a drilling contract for a material appraisal program.

The program is centred on the Venus-2H horizontal well and is designed to assess reservoir deliverability and production performance, support future field development planning and evaluate the potential for future reserve conversion. Subsequent to quarter end, Eastern Gas commenced field operations at Venus, including site construction and preparation of Venus-1 for the integrated appraisal program.

Serowe Gas Project — Botswana

Pure One retains exposure to the Serowe Coal Bed Methane (CBM) Project in Botswana through its strategic investment in project operator Botala Energy Limited (ASX: BTE). During the quarter, Pitse Pilot well 3.5B reached a total depth of 449 metres and wireline logging confirmed 13 metres of net Serowe coal, approximately 30% thicker than the pre-drill estimate, including an 11-metre clean and continuous coal column. The well was progressed to stimulation readiness by quarter end. Subsequent to quarter end, Botala completed hydraulic stimulation and commenced controlled dewatering as part of commercial production testing.

Board Appointment — Mr Edward Kocwa

On 1 July 2026, Pure One announced the appointment of Mr Edward Kocwa as a Non-Executive Director of the Company. Mr Kocwa was previously Chief Executive Officer of BOSSCAP Group, which he expanded from a vehicle import business into a vertically integrated vehicle manufacturing and distribution group developing and remanufacturing right-hand-drive electric vehicles for the resources and commercial sectors. He has been an active advocate for Australian sovereign manufacturing and new energy initiatives, and was a finalist in The CEO Magazine's 2025 Executive of the Year Awards in the Energy and Mining category.

Mr Kocwa's appointment follows the retirement of Mr Ron Prefontaine from the Board. Mr Prefontaine served as a Non-Executive Director and Chair following the merger of Strata-X Energy and Real Energy in early 2021. The Board thanked Mr Prefontaine for his leadership, strategic counsel and long service to the business.

The Company also appointed Jeff Le Compte as Chief Financial Officer after the end of the quarter. Mr Le Compte brings more than three decades of leadership experience across finance, accounting, governance, investment banking and corporate advisory, with a proven track record in both listed companies and high-growth businesses. He is a Chartered Accountant (CA), Certified Practising Accountant (CPA), Graduate of the Australian Institute of Company Directors (GAICD) and holds an MBA from Deakin University. Mr Le Compte has been engaged as Chief Financial Officer at a fee of A$1,000 per day under the terms of a services agreement.

Tenement Schedule at End of Quarter

Corporate

As at 30 June 2026, Pure One held cash of $7.3 million, with undrawn funding of approximately $7.3 million. During the quarter, the Company received A$3.5 million from the first tranche of the Turquoise Group sale, with a further A$1.5 million to be received under the terms of the transaction.

During the quarter, the Company continued to focus on disciplined cost management, achieving reductions in several key operating expense categories. Sales and marketing expenditure decreased to $117,000, compared with $220,000 in the March 2026 quarter. Operating expenses were reduced to $77,000, down from $101,000, while administration and corporate costs decreased to $99,000, compared with $152,000 in the previous quarter.

These reductions were partially offset by increased expenditure associated with the Company's subsidiary Eastern Gas Corporation Limited (69.4% ownership), which incurred exploration and operational expenditure of $629,000 during the quarter. In addition, inventory increased by $361,000 as the Company continued to build stock to support its expanding zero-emission commercial vehicle operations.

Payments to related parties and their associates during the quarter totalled $99,000, comprising directors' fees, consulting fees and wages paid to executive directors and related entities in the ordinary course of business.

As at 30 June 2026, the Company has 405,447,249 shares on issue.

Consolidated Statement of Cash Flows (Appendix 5B)

Cash flows from operating activities (Quarter / Year to date — $A'000)

Cash flows from investing activities

Cash flows from financing activities

Cash position

Estimated funding available: 8.95 quarters

Financing Facilities

Website: www.pure1corp.com

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