Cipher Neutron Adds Industry Veteran Dr. Pierre Rivard on its Board of Directors

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TORONTO — Canadian company Cipher Neutron Inc. (“Cipher Neutron”, “Company” or “CN”) is pleased to announce the appointment of Dr. Pierre Rivard to the Board of Directors, as of October 16, 2024.

About Dr. Pierre Rivard

Dr. Pierre Rivard has been a champion of clean and renewable energy for three decades, and a passionate supporter and developer of the energy technology industry. He has served as CEO, co-founder, chairman, board member, angel investor, advisor, and philanthropist in numerous startups in California and Canada, including successful hydrogen fuel cell and electrolyser companies, as well as energy storage, wind, flywheel, electric vehicle, aerospace, waste management, and water treatment businesses. He has chaired national and regional associations and research organizations. Most recently, he served on Canada’s Clean Technology Economic Strategy Table.

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The success of Dr. Rivard oversees the launch and IPO of the NASDAQ-listed hydrogen fuel cell company, Hydrogenics Corporation, where, for 12 years, he served as President and founding CEO and later became Executive Chairman. At Hydrogenics, he built an award-winning, high-performing team that was recognized as Canada’s fastest growing company, earning the #1 spot on the Profit 100 list in 2003. Hydrogenics Corporation was later acquired by Cummins Inc. in 2019.

Dr. Rivard is currently the Executive Chairman and Co-Founder of TUGLIQ Energy Corp., a company focused on diversifying energy sources for Northern mining operations using renewable energy. He also serves on the Departmental Audit Committee and on the Council of the National Research Council. Additionally, Dr. Rivard devoted 21 years of service to the Canadian Air Force.

Dr. Rivard holds a Doctorate in Engineering from the University of Toronto (Honoris Causa, lifetime achievement in clean technology), an MBA from Western University’s Ivey School of Business, and a Baccalaureate in Mechanical Engineering from Kingston’s Royal Military College in Canada. He is a Professional Engineer licensed in Quebec and Ontario, and previously in California and Norway.

Dr. Pierre Rivard, Director of Cipher Neutron, said, “I am delighted to join Cipher Neutron’s Board of Directors at such an important time for the company and the green hydrogen industry. Cipher Neutron’s new AEM electrolyser technology has the potential to revolutionize the way green hydrogen is produced, and I look forward to contributing my knowledge to help accelerate its growth and impact. Together, we will advance the vision of a sustainable, carbon-free future.”

Gurjant Randhawa, President and CEO of Cipher Neutron, said, “We are very pleased to welcome Pierre Rivard to Cipher Neutron’s board of directors. His unparalleled experience in the hydrogen industry, combined with his visionary leadership, will be invaluable as we scale our green hydrogen technology. Pierre’s track record of innovation is a perfect fit for our mission, and we look forward to the great things we will achieve together.”

About Cipher Neutron Inc.

Cipher Neutron is a fast growing disruptive technology company specializing in AEM Electrolysers for Green Hydrogen production and Reversible Fuel Cells for power generation and Energy Storage Solutions. Cipher Neutron is a global group of scientists, engineers, technology developers, hydrogen technology experts, investment bankers and people who have been working on hydrogen for decades. Cipher Neutron’s new products, such as AEM Electrolysers and Reversible Fuel Cells have unique advantages over other Green Hydrogen production, energy production and energy storage solutions currently available on the global market. Please see: https://cipherneutron.com/

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Forward-Looking Statements: This news release may contain forward-looking statements about future events, financial performance, or business strategies of Cipher Neutron Inc. These statements are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed. or implied in forward-looking statements. Cipher Neutron Inc. undertakes no obligation to update or revise any such forward-looking statements, if any, whether as a result of new information, future events, or otherwise. Cipher Neutron Inc. reserves the right to change, amend or update any information in this press release without prior notice. Cipher Neutron Inc. is not required and may not inform readers of any such changes or any updates to this news release to reflect subsequent developments.

View the source version at businesswire.com: https://www.businesswire.com/news/home/20241017511061/en/

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Contacts

For more information, please contact:

Gurjant Randhawa, CEO & President
The company Cipher Neutron Inc.
101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (647) 803-0002
grandhawa@cipherneutron.com

Nancy Massicotte
Vice President of Business Development
The company Cipher Neutron Inc.
+1 (604) 507-3377
nancy@cipherneutron.com

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