Next Hydrogen Solutions Transitions to New Auditor for Growth
Next Hydrogen Solutions Changes Its Auditor
Next Hydrogen Solutions Inc. has made an important move by appointing a new auditor. This decision reflects their commitment to maintaining high standards in corporate governance, aiming for transparency as the company grows. The shift is from KPMG LLP, the former auditor, to MNP LLP, effective December 1, 2025.
The Transition Process
This transition was initiated when the board of directors of Next Hydrogen Solutions decided to request the resignation of KPMG LLP as their auditor, which took effect on November 30, 2025. Following this, they appointed MNP LLP to take over the auditing responsibilities. This change will last until the next Annual General Meeting of the Company.
Audit Findings and Compliance
It is important to note that there were no modified opinions in the audit reports from KPMG LLP for the last two completed financial years, which ended December 31, 2024, and 2023, respectively. Additionally, there were no significant events reported between the former auditor and the company during this period, ensuring a seamless transition.
Adhering to Regulatory Standards
In line with National Instrument 51-102, Next Hydrogen Solutions has filed the Change of Auditor Notice with SEDAR+. This notice details the resignation of KPMG LLP and the appointment of MNP LLP, including letters from both auditors confirming agreement with the relevant statements. Such transparency underscores the company's dedication to following best practices in financial reporting.
About Next Hydrogen Solutions
Founded in 2007, Next Hydrogen Solutions Inc. stands at the forefront of renewable energy technology, specializing in the design and manufacture of electrolyzers. These innovative devices utilize water and electricity to produce clean hydrogen, thus playing a crucial role in the energy sector’s shift towards sustainability.
Innovative Technology for a Sustainable Future
Next Hydrogen's distinct cell design, supported by 40 patents, allows for high current density operations. This means they can efficiently convert intermittent renewable electricity into green hydrogen on a large scale. Following successful pilot programs, the company is now focused on scaling up their technology to provide commercial solutions that aim to decarbonize both transportation and industrial sectors.
Leadership and Contact Information
The driving force behind Next Hydrogen Solutions is Raveel Afzaal, who serves as both President and Chief Executive Officer. His vision for the company emphasizes innovation and sustainability, making Next Hydrogen a key player in the clean energy industry.
For more information, individuals can reach out via email at rafzaal@nexthydrogen.com or by phone at 647-961-6620. Additionally, the company’s website www.nexthydrogen.com offers further insights into their operations and initiatives.
Frequently Asked Questions
What was the reason for changing auditors?
The board requested the change to enhance transparency and ensure compliance with regulatory standards.
Who is the new auditor for Next Hydrogen Solutions?
The company's new auditor is MNP LLP, taking over from KPMG LLP.
What is the role of an auditor in a company?
Auditors help ensure that a company's financial statements are accurate and comply with accounting standards, promoting trust with investors and stakeholders.
What technology does Next Hydrogen Solutions specialize in?
The company specializes in electrolyzers, which generate clean hydrogen using water and electricity.
Who is the CEO of Next Hydrogen Solutions?
Raveel Afzaal serves as the President and CEO of the company, focusing on innovation and sustainability initiatives within the clean energy sector.
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