Loop Energy and Drabpol announced Polish electric bus manufacturer ARP E-Vehicles has selected Loop Energy's T605 fuel cell system for its new hydrogen electric bus platform. This announcement marks Loop Energy's third win with European bus manufacturers, and the 6th time globally. With this selection, Loop Energy is now a fuel cell provider of choice to fuel cell electric bus manufacturers addressing what is estimated to be an up to 12,000 units per year serviceable market opportunity across Korea, Australia, and Europe.

Under the agreement, Loop Energy's 60 kW fuel cell system will be integrated into ARP E-Vehicles' new 12 m hydrogen-electric bus designed for municipal transit service market in Europe. Anticipated to take place in fourth quarter of 2023, delivery of the first T605 60 kW fuel cell unit to ARP E-Vehicles will constitute the first deployment of Loop Energy's new product line designed for rooftop mounting, thus specifically catering to the European bus market. Local support was an important requirement for ARP E-Vehicles in the tender process, and Loop Energy's partnership with Drabpol in Poland was key to ARP E- Vehicles selection.

The T605 system also integrates Loop Energy's eFlow technology to offer fuel efficiency, another leading factor in ARP's requirements. ARP E-Vehicles expects completion of its first hydrogen-electric bus in the fourth quarter of 2023, and for commercial sales to begin in 2024. Headquartered in Poland, Drabpol offers high-level technical support, design, implementation and market development as a value added reseller for numerous global brands in Poland, and is well positioned as a value-added supplier within dominant Polish bus manufacturing sector that supplies a significant percentage of Europe's bus market.

Drabpol and Loop Energy entered into the value-added distribution agreement for Poland in 2022.