TORONTO, ON / ACCESS Newswire / February 4, 2026 / CHAR Technologies Ltd. ("CHAR Tech" or "the Company") (TSXV:YES)(FSE:68K) a leader in sustainable biomass energy solutions, today announced that it has entered into a formal technology know-how licensing agreement with GazoTech SAS ("GazoTech"), a France-based energy developer, to support deployment of CHAR Tech's technology in France and selected European markets.

The agreement follows recent commissioning progress at CHAR Tech's Thorold Renewable Energy Facility and complements the Company's ongoing development of larger-scale projects in North America.

Under the agreement, CHAR Tech is the licensor of its proprietary High-Temperature Pyrolysis ("HTP") technology, granting GazoTech a know-how licence for projects developed in France as well as certain additional European markets, subject to project-by-project application of the licenced technology.

GazoTech has multiple projects in development in France, notably:

An industrial integration opportunity where waste biomass would be converted into syngas to serve the industrial thermal energy needs while also producing biocarbon for metallurgical applications; and
Bio-Méthane Provence ("BMP") project, which is co-located with a former biomass-fired power generation facility and is being advanced by GazoTech together with key project partners.

Both companies expect these projects to progress through development and execution phases, with additional details to be disclosed as project milestones are achieved.

"Working with the team at GazoTech over the last couple of years has been extremely collaborative," said Andrew White, Chief Executive Office of CHAR Tech. "They have advanced a number of projects in France efficiently, and we see a strong opportunity to leverage their development and technical capabilities to deploy HTP projects in France and, over time, across Europe."

"We are thrilled to partner with CHAR Tech to introduce their HTP technology into France and Europe," said Maël Disa-Vingataramin, CEO of GazoTech. "The ability to convert waste wood into low-carbon gas and biocarbon at industrial scale aligns well with the needs of European industrial and energy users."

Under the licence agreement, CHAR Tech will be engaged on a paid basis to provide process design, technology transfer, and engineering support. GazoTech would be responsible for supplying HTP equipment under license to the projects. CHAR Tech will receive a one-time licence fee upon delivery of licensed HTP equipment to a project, together with ongoing royalties linked to biocarbon production. This licensing structure enables CHAR Tech to generate revenue without deploying project-level capital.

The agreement also provides CHAR Tech with the opportunity, subject to further negotiation, to participate in the equity of projects developed by GazoTech using the licensed technology.

CHAR Tech's Thorold Renewable Energy Facility is structured as a Limited Partnership with the BMI Group, in which CHAR Tech is a 50% owner.

About CHAR Technologies Ltd.

CHAR Tech (TSXV:YES)(FSE:68K) is a Canadian clean-technology company developing first-in-kind high-temperature pyrolysis ("HTP") systems that process unmerchantable wood and organic waste to generate two renewable energy revenue streams, renewable natural gas or green hydrogen, and a solid biocarbon that serves as a carbon-neutral, drop-in replacement for metallurgical coal.

CHAR Tech's HTP platform is also advancing a new vertical focused on the permanent destruction of PFAS in wastewater biosolids. Operating at temperatures sufficient to break down long-chain fluorinated compounds, the system enables municipalities and industrial operators to eliminate PFAS while converting biosolids into energy and low-carbon solid products.

About GazoTech SAS

GazoTech is a France-based developer of technologies and projects that reduce reliance on fossil natural gas by producing low-carbon gas through the pyro-gasification of residual biomass and wastes, for on-site industrial use or grid injection, with the valorization of co-products such as biochar for agricultural use or biocarbon for industrial coal replacement applications.

For further information, please contact:

Andrew White
Chief Executive Officer
CHAR Technologies Ltd.
E: andrew.white@chartechnologies.com
T: 866 521-3654

Galen Cranston
Director of Stakeholder Relations
CHAR Technologies Ltd.
E: gcranston@chartechnologies.com
T: 647-546-5633

Website: www.chartechnologies.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy of this news release.

Forward-Looking Statements

Statements contained in this press release contain "forward-looking information" within the meaning of Canadian securities laws ("forward-looking statements") about CHAR and its business and operations. The words "may", "would", "will", "intend", "anticipate", "expect" and similar expressions as they relate to CHAR Tech, are intended to identify forward-looking information. Forward-looking statements include, but are not limited to, statements relating to the timing for full facility construction, securing project financing, expectations regarding the offtake agreements, future plans, operations and activities, expectations regarding the scale up of production, and other statements that are not historical facts. Such statements reflect CHAR Tech's current views and ‎intentions with respect to future events, and current information available to CHAR Tech, and are subject to ‎certain risks, uncertainties and assumptions, including, among others, those risk factors discussed or referred to in CHAR Tech's disclosure documents filed with the securities regulatory authorities in certain provinces of Canada, including the Management Discussion & Analysis dated January 27^th, 2026 for the fiscal year ended September 30, 2025, and available under CHAR Tech's profile on www.sedarplus.ca. Any such forward-looking information is expressly qualified in its ‎entirety by this cautionary statement. Moreover, CHAR Tech does not assume responsibility for the accuracy or ‎completeness of such forward-looking information. The forward-looking information included in this press release ‎is made as of the date of this press release and CHAR Tech undertakes no obligation to publicly update or revise ‎any forward-looking information, other than as required by applicable law.

SOURCE: CHAR Technologies Ltd.

View the original press release on ACCESS Newswire

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