Recent news highlights HyOrc's progress in signing binding agreements for European waste-to-methanol projects, advancing rail decarbonization partnerships in the UK, and operational updates following uplisting to OTCQB.

• HyOrc signed a binding agreement for a European waste-to-methanol project, advancing its green methanol production capabilities [N6].
• The company is advancing localized methanol production as a strategic alternative to volatile oil routes, emphasizing energy sovereignty [N7].
• GB Railfreight and HyOrc signed a memorandum of understanding to advance rail decarbonization in the UK [N8].
• HyOrc provided an operational update following its uplisting to the OTCQB Venture Market [N8].

HyOrc's technology addresses critical decarbonization needs in shipping, rail, and power generation with a flexible and durable engine platform. The company's green methanol projects and locomotive retrofit initiatives align with evolving regulatory mandates and growing market demand for sustainable fuels. Strategic partnerships and binding agreements in Europe and the UK demonstrate progress toward commercialization. The company's ability to secure long-term offtake agreements and expand its patent portfolio could enhance its competitive position.

HyOrc faces significant risks including early-stage commercialization with unproven technology at scale, ongoing legal disputes affecting its geothermal asset, and liquidity challenges with a low current ratio. The company depends on external financing which may be dilutive and uncertain. Market adoption risks exist as customers may be reluctant to switch from established diesel and fuel cell technologies. Competition from well-funded incumbents and alternative technologies could limit HyOrc's market penetration. Delays or failures in project execution could adversely impact financial performance.

HyOrc's competitive advantages include its proprietary External Combustion Technology engine that offers fuel flexibility, higher durability, and cost competitiveness compared to fuel cells and diesel engines. Its waste-to-methanol process leverages municipal waste as feedstock, reducing reliance on costly green hydrogen. The retrofit approach for locomotives allows reuse of existing rolling stock at lower cost than new purchases. The company's patent portfolio and strategic joint ventures in Europe and partnerships in India and the UK support its market positioning.

• Liquidity and Going Concern Risks: HyOrc reported a net loss and has a current ratio of 0.12 as of June 30, 2026, indicating liquidity constraints and dependence on external financing to continue operations.
• Early Stage of Commercialization: The company's hydrogen engine and waste-to-methanol technologies are in pilot or development stages, with commercial adoption dependent on successful scale-up and customer acceptance.
• Legal Disputes: The 2MW geothermal power plant in the Philippines is offline due to legal disputes, with uncertain outcomes that could negatively affect financial condition.
• Dependence on Third-Party Manufacturing and Partners: HyOrc relies on third-party manufacturers and partners for production and project execution, which could impact operations if specifications or timelines are not met.
• Market Adoption and Competition: Customers may be reluctant to adopt new technologies, and HyOrc faces competition from established fuel cell, battery-electric, and conventional engine providers with greater resources.

• HyOrc Corporation is a Wyoming corporation focused on clean-energy technologies to decarbonize heavy-duty transport, industrial power generation, and distributed energy applications.
• The company operates three primary business verticals: green methanol production from waste, hydrogen power systems using modular hydrogen-fueled ORC engines, and hydrogen locomotive retrofits converting diesel locomotives to hydrogen or natural gas.
• HyOrc owns a subsidiary, SRE Power, Inc., which developed a 2MW geothermal power plant in Biliran, Philippines, currently offline due to legal disputes.
• HyOrc's core technology is External Combustion Technology (ECT) engines that operate on multiple fuels including hydrogen, LPG, natural gas, biogas, or syngas, with high efficiency and durability.
• The company has intellectual property including patents in India and PCT extensions under review in the US and EU for hydrogen engines, waste-to-methanol processes, and locomotive retrofits.
• HyOrc's green methanol project in Portugal is under development via a joint venture with Start Lda, targeting an 8 tonne per day pilot facility in Porto, with plans for expansion.
• The company is advancing PAYG hydrogen power systems targeting off-grid and critical infrastructure markets, with pilot projects sought in California and the EU.
• HyOrc has signed a memorandum of understanding with GB Railfreight to explore hydrogen and natural gas locomotive retrofits in the UK and submitted proposals to Indian Railways for retrofitting diesel locomotives.
• Revenue in 2025 was limited and primarily from operation & maintenance services and technical services via SRE Power; the geothermal plant has been offline since October 2024.
• For the quarter ended June 30, 2026, HyOrc reported $24,000 in revenue and a net loss of $689,712, with cash and equivalents of $53,912 and a current ratio of 0.12, indicating liquidity constraints.
• The company is pursuing legal remedies related to the Biliran geothermal project and is dependent on external financing to continue operations.
• HyOrc has completed factory acceptance testing of a 500kW ORC turbine for an international customer and is advancing commercialization of its green methanol platform across European markets.
• The company has signed binding agreements and term sheets for green methanol projects and offtake arrangements, including a 10-year offtake term sheet with Prio Bio for the Porto project.
• HyOrc has announced plans for a global rollout of methanol projects targeting significant income over the next decade.
• The company uplisted to the OTCQB Venture Market in early 2026 and is preparing for a Nasdaq uplist.
• Recent news highlights include HyOrc signing a binding agreement for a European waste-to-methanol project and advancing rail decarbonization initiatives with GB Railfreight in the UK.