Feb. 5th. 2021
Mizuho Leasing Company, LimitedMarubeni Corporation
Delivery of Zero-Emission Refrigerated Trailers for Leasing by PLM Fleet, LLC.

Mizuho Leasing Company, Limited (hereinafter "Mizuho Leasing") and Marubeni Corporation (hereinafter"Marubeni")

have begun delivery of zero-emission (*) refrigerated trailers designed and manufactured by

Advanced Energy Machines (hereinafter referred to as “AEM”) in the United States to customers in December
last year through PLM Fleet, LLC (hereinafter "PLM"), a U.S.-based refrigerated trailer leasing and rental business.
As a leader in the U.S. cold chain supply industry, PLM has been educating refrigerated fleet operators on theviability of zero-emission refrigerated trailers, holding joint exhibitions and lectures with AEM, since 2019. In May
2020, PLM signed an agreement with AEM and started sales activities in the U.S. market. PLM has since signed
agreements with major customers and began delivery of zero-emission refrigerated trailers in 2020. Interest anddemand for the zero-emission technology is steadily increasing as the technology continues to prove itself as aviable alternative to diesel.
In the United States, hybridization and electrification are accelerating in not only passenger cars and trucks, butalso refrigerated trailers equipped with transport refrigeration units traditionally powered by diesel engines.
Companies have begun to transition fleet equipment to green alternatives leveraging lease flexibility as animportant tool in the change. The state of California is leading the way with guidance aimed at accelerating thereduction of harmful pollutants by providing support for zero-emission vehicles and equipment as well as
infrastructure and distributed energy solutions.
Compared to diesel powered transport refrigeration units (hereinafter “TRUs”), AEM zero-emission technology
eliminates many tons of carbon dioxide annually while also eliminating harmful nitrogen oxides. In addition tohelping the environment, the AEM TRUs use low-voltage, safe charging to greatly reduce the risk of electric shock
to equipment users. Available across all trailer sizes and configurations, including multiple temperatureapplications, the AEM TRUs use battery technology along with solar and momentum generation to extend usefulroutes before recharging.
Through PLM, Mizuho Leasing and Marubeni will contribute to deliver low-carbon and sustainable solutions byexpanding environmentally focused products with advanced technology in the cold chain market, which willcontinue to grow and evolve in the years to come.

(*) Zero emission: No exhaust gas such as carbon dioxide and nitrogen oxides discharged while driving.

Solar panel on trailer roof

Battery<About PLM>
Company Name

：PLM Fleet, LLC

Location：New Jersey, USA

Established：2000

Representative：Keith Shipp CEOMain Business：Leasing and rental of refrigerated trailer

Website：https://www.plmtrailer.com/<About AEM>
Company Name

：Advanced Energy Machines, LLC

Location：Nevada, USA

Established：2013

Representative：Robert Koelsch CEO

Main Business：Development and Manufacturing of zero emission transport refrigeration unit andpower supply system
Website：https://www.aem.green/End