NewHydrogen Announces Uplisting to OTCQB Venture Market

Core Viewpoint - NewHydrogen, Inc. has successfully uplisted its common stock to the OTCQB Venture Market, enhancing its transparency and credibility as it advances the development of its ThermoLoop technology for producing low-cost green hydrogen [1][3]. Company Overview - NewHydrogen is focused on developing ThermoLoop, a technology that utilizes water and heat instead of electricity to generate the world's cheapest green hydrogen [5]. - The company aims to contribute to the green hydrogen economy, which Goldman Sachs estimates could reach a market value of $12 trillion [6]. Uplisting to OTCQB - The uplisting to the OTCQB Venture Market represents a significant advancement from the Pink Open Market, requiring companies to meet higher reporting standards and undergo annual verification [2]. - This move is expected to increase visibility among a broader range of U.S. and international investors and improve stock liquidity as the company progresses towards commercialization of its ThermoLoop platform [3]. Technology and Market Potential - Current methods for producing green hydrogen involve splitting water using electrolyzers powered by expensive green electricity, which constitutes 73% of the cost of green hydrogen [6]. - By employing heat directly from sources like concentrated solar, geothermal, and industrial waste, NewHydrogen aims to significantly reduce production costs [6].