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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 27, 2024
NEWHYDROGEN,
INC.
(Exact
name of registrant as specified in its charter)
Nevada |
|
000-54819 |
|
20-4754291 |
(State
or other jurisdiction |
|
(Commission |
|
(IRS
Employer |
of
incorporation) |
|
File
Number) |
|
Identification
No.) |
27936
Vista Canyon Blvd., Suite 202, Santa Clarita, CA 91387
(Address
of principal executive offices and Zip Code)
Registrant’s
telephone number, including area code: (661) 251-0001
N/A
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Ticker
symbol(s) |
|
Name
of each exchange on which registered |
N/A |
|
N/A |
|
N/A |
Indicate
by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b2 of the Securities Exchange Act of 1934 (§240.12b2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
8.01 Other Events.
On
August 27, 2024, NewHydrogen, Inc. (the “Company”) issued a press release announcing
that in a recent podcast the Company’s Chief Executive Officer, Steve Hill, spoke with Bentzion Levinson, CEO and founder of Heven
Drones. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
Item
9.01 Financial Statements and Exhibits.
Exhibit
Number |
|
Description |
99.1 |
|
Press Release dated August 27, 2024 |
101 |
|
Pursuant
to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language) |
104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101) |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
NewHydrogen,
Inc. |
|
|
Date:
August 27, 2024 |
/s/
David Lee |
|
David
Lee |
|
Chairman
and President |
Exhibit
99.1
NewHydrogen
CEO Steve Hill and CEO of Hydrogen-Powered Drone Manufacturer Discuss Hydrogen Applications in Aerial Technology
Bentzion
Levinson presents his innovative hydrogen drone technology and the need for affordable green hydrogen production
SANTA
CLARITA, Calif. (August 27, 2024) — NewHydrogen, Inc. (OTCMKTS:NEWH), the developer of ThermoLoop™, a breakthrough technology
that produces the world’s cheapest green hydrogen using water and heat instead of electricity, today announced a podcast featuring
CEO Steve Hill and Bentzion Levinson, CEO and founder of Heven Drones. Levinson, a former Israeli military commander, is revolutionizing
the drone industry with hydrogen-powered aircraft.
Inspired
by a project to extinguish agricultural fires in Israel, Levinson recognized the limitations of battery-powered drones, particularly
their short flight times, leading to the development of Heven Drones’ innovative technology. “We realized that if we wanted
to bring our vision to life, we needed to fly for hours, not minutes,” said Levinson. “Hydrogen fuel cells offer amazing
energy density, quiet operation, and a clean energy source.”
Heven
Drones’ hydrogen-powered models can carry up to 70 pounds and fly for 4 to 10 hours on a single tank. The company is currently
the sole supplier of hydrogen-powered drones to the Israeli government and collaborates with key partners in the US and internationally.
By
transforming traditional methods of aerial surveillance, logistics, and emergency response, Heven Drones is establishing itself as a
leader in the expanding drone industry. The company’s versatile family of drones offers a compelling value proposition for businesses
and government agencies, positioning it at the forefront of sector innovation.
“We
believe that for hydrogen to take off, the value proposition has to be there,” added Levinson. “The cost factor is a big
challenge with hydrogen today, but we’re working on it. Collaboration with companies like NewHydrogen is essential to support the
growth of the hydrogen economy.”
As
Heven Drones continues to innovate and expand its product line, the company is poised to shape the future of drone technology. With its
commitment to sustainability and the development of advanced aerial systems, Heven Drones is paving the way for a future where these
aircraft become an integral part of daily life.
Bentzion
Levinson, a former Israeli Military commander and Stanford University Executive Leadership alum, founded Heven Drones in 2019 with a
vision to create an actionable drone ecosystem that optimizes various industries. His commitment to driving meaningful change through
technology is evident in his leadership of a national project in Israel, where he guided an expert team in detecting and extinguishing
agricultural fires that were devastating farms. Heven Drones aims to revolutionize sectors such as emergency response, smart cities,
agriculture, logistics, construction, defense, and species conservation, showcasing Ben’s dedication to leveraging innovative solutions
for wide-ranging applications.
Watch
the full discussion on the NewHydrogen Podcast featuring Bentzion Levinson at https://newhydrogen.com/videos/ceo-podcast/bentzion-levinson-founder-and-ceo-at-heven-drones.
For
more information about NewHydrogen, please visit https://newhydrogen.com/.
About
NewHydrogen, Inc.
NewHydrogen
is developing ThermoLoop™ – a breakthrough technology that uses water and heat rather than electricity to produce
the world’s lowest cost green hydrogen. Hydrogen is the cleanest and most abundant element in the universe, and we can’t
live without it. Hydrogen is the key ingredient in making fertilizers needed to grow food for the world. It is also used for transportation,
refining oil and making steel, glass, pharmaceuticals and more. Nearly all the hydrogen today is made from hydrocarbons like coal, oil,
and natural gas, which are dirty and limited resources. Water, on the other hand, is an infinite and renewable worldwide resource.
Currently,
the most common method of making green hydrogen is to split water into oxygen and hydrogen with an electrolyzer using green electricity
produced from solar or wind. However, green electricity is and always will be very expensive. It currently accounts for 73% of the cost
of green hydrogen. By using heat directly, we can skip the expensive process of making electricity, and fundamentally lower the cost
of green hydrogen. Inexpensive heat can be obtained from concentrated solar, geothermal, nuclear reactors and industrial waste heat for
use in our novel low-cost thermochemical water splitting process. Working with a world class research team at UC Santa Barbara, our goal
is to help usher in the green hydrogen economy that Goldman Sachs estimated to have a future market value of $12 trillion.
Safe
Harbor Statement
Matters
discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act
of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,”
“intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance
or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein.
These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties.
These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors
affecting the Company and its operations, markets, the impact on the national and local economies resulting from terrorist actions, the
impact of public health epidemics on the global economy and other factors detailed in reports filed by the Company with the United States
Securities and Exchange Commission.
Any
forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as
of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral,
that may be made from time to time, whether as a result of new information, future developments or otherwise.
Investor
Relations Contact:
NewHydrogen,
Inc.
ir@newhydrogen.com
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NewHydrogen (PK) (USOTC:NEWH)
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