Molecular Energies provides an update relating to G-Mobility and CPH2. G-Mobility, a subsidiary of Green House Capital, the green division of Molecular which is progressing a spin out and IPO notes the RNS announcement of Clean Power Hydrogen PLC ("CPH2") made in relation to a non-binding framework agreement having been signed between G-Mobility and CPH2. Under the non-binding framework agreement the parties will explore a licensing arrangement for the manufacture and sale of CPH2's electrolysers in the Mercosur trading bloc of countries in South America.

G-Mobility believes there is a significant market opportunity for the supply of domestically produced electrolysers in the large Mercosur trading bloc including Brazil, Paraguay, Uruguay and Argentina, and this agreement is enhances the ability of G-Mobility to be a key player in this market.