Cipher Neutron and the Canadian University of Alberta Enter into Collaboration Discussions on Advanced Research in AEM Electrolyser Membrane Catalysts

Toronto, Ontario--(Newsfile Corp. - July 26, 2023) - Cipher Neutron Inc. ("Cipher Neutron", "CN" or the "Company") and the University of Alberta ("University of Alberta") in Canada are pleased to jointly announce that they have entered into discussions to collaborate on advanced research in AEM Electrolyser Membrane Catalysts (the "Collaboration").

Collaboration on AEM Membrane Catalysts

The Collaboration provides for the development of specialized Membrane Catalysts which can be used in the AEM Green Hydrogen Electrolysers of Cipher Neutron to further increase the superior efficiencies of Green Hydrogen production achieved by Cipher Neutron. The Research by the University of Alberta is expected to be endorsed in part by MITACS and Cipher Neutron, and the University of Alberta intends to continue with this prestigious MITACS sponsorship.

MITACS is a non-profit Canadian national research organization that, in partnerships with Canadian academia, private industry, and government, operates research and training programs in fields related to industrial and social innovation.

The University of Alberta is an ideal University in Canada to carry out this important research because it has renowned expertise in the advancement of the science of new membrane catalysts. The research will be led by Dr. Shiva Mohajernia, Assistant Professor in the Department of Chemical and Materials Engineering at the University of Alberta.

Dr. Shiva Mohajernia

Dr. Shiva Mohajernia is leading the Energy Materials ("NRGMATs") research group at the University of Alberta. The primary focus of her group's research is centered around the design of nanomaterials and the precise modification of their surfaces with catalysts at an atomic-scale level for energy conversion applications such as those used by the AEM Green Hydrogen Electrolyser of Cipher Neutron. The investigations by NRGMATs aim to unlock the exceptional catalytic performance that results from utilizing catalysts at the atomic level. Prior to joining the University of Alberta, Dr. Mohajernia was the catalysis group leader at the University of Siegen, Germany. Her educational background is in material science and engineering, having earned her Ph.D. from the Department of Material Science and Engineering at the University of Erlangen-Nuremberg in Germany. Dr. Mohajernia's contributions to the field have earned her several accolades, including the 2022 Catalysts Award and the 2020 International Society of Electrochemistry Award.

Dr. Shiva Mohajernia, Assistant Professor in the Department of Chemical and Materials Engineering at the University of Alberta, stated, "Cipher Neutron's AEM technology fits perfectly with our ongoing research at the University of Alberta for catalyst development for AEM electrolysers. We are delighted to foster PFAS-free and PGM-free disruptive AEM electrolyser technology in the province of Alberta, which will contribute to the greener and more sustainable future of Canada and the rest of the world. The University of Alberta has a long history in supporting green and sustainable technology, and now we welcome the opportunity to be a part of this transition to the Green Hydrogen Economy.

Gurjant Randhawa, President and CEO of Cipher Neutron, stated, "Cipher Neutron welcomes the collaboration with Dr. Shiva Mohajernia and the University of Alberta on its ongoing Membrane Catalyst projects. We commend the University of Alberta for its leadership in Green Hydrogen development. Our collaboration with University of Alberta is a very important step towards the evolution of new catalysts to further reduce the capital expenditures (CAPEX) and operating expenditures (OPEX) of AEM electrolysers to achieve the universal goal of low-cost Green Hydrogen."

Jean-Pierre Colin, Executive Vice President and Director of dynaCERT Inc., a partner of Cipher Neutron, stated, "After months of due diligence and negotiations with Dr. Shiva Mohajernia and the University of Alberta, dynaCERT is very pleased to congratulate its partner, Cipher Neutron, and the University of Alberta, for the conclusion of their collaboration to further advance Cipher Neutron's efficient Electrolysers. The University of Alberta is a particularly well-suited university to assist with Cipher Neutron's green hydrogen technology since there is an abundance of intellectual know-how and commitment to better the future of mankind."

About Cipher Neutron Inc.

Cipher Neutron is a rapidly growing disruptive technology company focused on 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, experts in hydrogen technology, investment bankers and people that have worked in hydrogen for decades. Cipher Neutron's innovative products, such as AEM Electrolysers and Reversible Fuel Cells have unique advantages over other Green Hydrogen production, power generation and energy storage solutions currently available in the global market. Please see: https://cipherneutron.com.

For more information, please contact:

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

Nancy Massicotte
Vice-President Corporate Development
Cipher Neutron Inc.
+1 (604) 507-3377
nancy@irprocommunications.com

Forward-Looking Statements: This news release may contain forward-looking statements regarding 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 possible 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 modify, amend or update any information in this news 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.

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