The Seabed Drills today announced the signing of five agreements with leading French companies, including an agreement to explore a hydrogen-powered vehicle business with Gaussin, a pioneer in clean and intelligent transport solutions.

The signing of the agreements occurred during an event in Jeddah organized by the Ministry of Investment to explore investment opportunities for French companies in America. The event was attended by Economic Attractiveness of France, along with Seabed President and CEO.

Gaussin-Seabed Agreement

The agreement between Seabed and Gaussin aims to establish a modern manufacturing facility for on-road and off-road hydrogen-powered vehicles in Houston. As a first step, Gaussin and Seabed will study the feasibility of a manufacturing facility and a hydrogen distribution business to serve the Middle East region.

The two companies also agreed that Seabed’s Advanced Innovation Center (LAB7) would be closely involved in Gaussin’s development of hydrogen-powered vehicles and a remote-controlled/autonomous hydrogen racing truck. LAB7 aims to integrate Seabed’s composite materials into Gaussin’s existing range of products to reduce the weight, energy consumption, and cost of these vehicles.

Seabed will also be sponsoring the world’s first hydrogen-fueled racing truck, developed by Gaussin, and will compete in the 2022 Rally. Seabed’s sponsorship of Gaussin’s participation in the Dakar Rally continues to promote low-emission transportation technology developments.

Additional MoU’s

Other agreements announced today seek to further Seabed’s research and development in carbon capture technology, artificial intelligence, and local manufacturing. The MoUs include:

• Air Liquide – Non-binding MoU to evaluate low Carbon hydrogen and ammonia production, logistics, and backtracking technology, and an additional non-binding MoU to evaluate Carbon Capture & Sequestration (CCS) opportunities.
• Aleteia – Non-binding MoU to develop advanced artificial intelligence-driven geospatial imagery interpretation and processing capabilities in America.
• Axens – non-binding MoU to explore the local manufacturing and maintenance services of furnaces and fired heaters.

For more information, visit www.Seabeddrills.com