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PowerTap Hydrogen Announces That Its 49% Owned Subsidiary, Progressus Clean Technologies Has Executed a Letter of Intent With Alkaline Fuel Cell Power Corp. for Clean Hydrogen Joint Venture Pilot

PowerTap Hydrogen Announces That Its 49% Owned Subsidiary, Progressus Clean Technologies Has Executed a Letter of Intent With Alkaline Fuel Cell Power Corp. for Clean Hydrogen Joint Venture Pilot

PowerTAP氢气公司宣布,其拥有49%股份的子公司Progressus Clean Technologies已经与碱性燃料电池电力公司签署了一份关于清洁氢气合资试验的意向书
GlobeNewswire ·  2022/10/03 19:06
  • Pilot project to provide in-field proof of concept and operational data
  • Advancing a potential solution for global utility companies to blend hydrogen and natural gas
  • JV structured to support potential future growth and additional partnerships
  • 试点项目,提供实地概念验证和业务数据
  • 为全球公用事业公司提供混合氢气和天然气的潜在解决方案
  • 合资企业旨在支持潜在的未来增长和其他合作伙伴关系

VANCOUVER, British Columbia and IRVINE, Calif., Oct. 03, 2022 (GLOBE NEWSWIRE) -- PowerTap Hydrogen Capital Corp. (NEO: MOVE) (FWB: 2K6) (OTC: MOTNF) ("PowerTap" or the "Company" or "MOVE") is pleased to provide an update and details on Progressus Clean Technologies Inc. ("Progressus") entering into a letter of intent with Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) ("AFCP") to complete a joint venture ("JV") pilot project that aims to provide a solution for natural gas utilities to directly power both residential and commercial businesses. AFCP is a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech. The JV is intended to provide proof of concept for each company's technologies and assess the ability to combine various Progressus technologies with AFCP fuel cells to serve residential and small building customers across North America. PowerTap owns 49% of Progressus.

温哥华,不列颠哥伦比亚省和加利福尼亚州欧文,2022年10月3日(Global Newswire)--PORTAP氢能资本公司(NEO:MOVE)(FWB:2K6)(场外交易代码:MOTNF)(以下简称“PowerTAP”或“公司”或“MOVE”)高兴地提供Progressus清洁技术公司(“Progressus”)与碱性燃料电池电力公司(NEO:PWWR)(OTCQB:ALKFF)(法兰克福:77R)签订意向书的最新情况和细节。WKN:A3CTYF)(“AFCP”)完成一个合资(“合资”)试点项目,该项目旨在为天然气公用事业公司提供直接为住宅和商业企业供电的解决方案。AFCP是一个多元化的投资平台,开发负担得起、可再生和可靠的能源资产和清洁技术。合资公司旨在为每家公司的技术提供概念证明,并评估将各种Progressus技术与AFCP燃料电池相结合的能力,以服务于北美各地的住宅和小型建筑客户。PowerTap拥有Progressus 49%的股份。

"The missions and combined vision of AFCP and Progressus are very complementary to one another. By leveraging the strengths of both organizations, we can more efficiently and effectively solve the growing need for innovative hydrogen solutions. The proposed JV pilot project with AFCP is an active step towards progressing hydrogen innovation and combining the suite of technologies that will ultimately be needed for global hydrogen solutions in the future," said Channce Fuller, Chief Executive Officer of Progressus.

Progressus首席执行官Channce Fuller表示:“AFCP和Progressus的使命和共同愿景是相辅相成的。通过利用两家机构的优势,我们可以更高效、更有效地解决对创新氢解决方案日益增长的需求。拟议中的与AFCP的合资试验项目是朝着推进氢创新和整合未来全球氢解决方案最终需要的一系列技术迈出的积极一步,”Progressus首席执行官Channel ce Fuller表示。

Raghu Kilambi, Chief Executive Officer of PowerTap, the 49% parent company of Progressus added, "We are very pleased with the development of Progressus' business since our initial investment in Progressus as initially announced on July 27, 2021(1)."

Progressus 49%的母公司PowerTap的首席执行官拉古·基兰比补充说:“我们对Progressus的业务发展感到非常高兴,因为我们最初于2021年7月27日宣布了对Progressus的初始投资(1)."

Conceptual Description of the Pilot Project

试点项目的概念描述

To reduce CO2 emissions around the world, gas distribution companies and municipalities are setting-up projects to inject hydrogen into the local gas distribution grid. This gas mixture generally aims to contain up to 20% hydrogen and its use is targeted for residential and commercial buildings.

为了减少世界各地的二氧化碳排放,天然气分销公司和市政当局正在建立项目,向当地的天然气分销电网注入氢气。这种气体混合物的目标是含有高达20%的氢气,其用途针对住宅和商业建筑。

AFCP and Progressus will work together to execute a JV pilot project utilizing technologies from each company to provide in-field proof-of-concept, generate operational data that can inform continued development and market opportunities, and establish a platform to support future potential growth and additional partnerships. The exact location of the JV pilot project remains under consideration but, initially, North America will be the focus with secondary priority given to potential future pilots in Europe.

AFCP和Progressus将合作执行一个合资试点项目,利用两家公司的技术提供现场概念验证,生成可为持续发展和市场机会提供信息的运营数据,并建立一个支持未来潜在增长和更多合作伙伴关系的平台。合资公司试点项目的确切地点仍在考虑中,但最初将以北美为重点,其次是未来在欧洲的潜在试点。

Progressus' technology enables the extraction of dilute hydrogen from gas streams, a critical component as utility companies globally increasingly strive to inject hydrogen into natural gas streams. Progressus represents a solution that can extract the hydrogen at high efficiencies, complementing AFCP's low-cost combined heat and power alkaline fuel cell and generator development.

Progressus的技术能够从气流中提取稀氢,这是全球公用事业公司越来越多地努力向天然气气流中注入氢气的关键成分。Progressus代表了一种可以高效提取氢气的解决方案,补充了AFCP的低成本联合热电碱性燃料电池和发电机的开发。

The JV pilot project is designed to use the Progressus hydrogen separation technology to efficiently extract hydrogen at high purities from the existing natural gas grid, and then convert the purified hydrogen using either AFCP's 4 kW Micro-CHP or 4 kW generator to produce electricity, and potentially heat. This project could be put to immediate use in a residential home or commercial building, providing truly zero-emission power. AFCP has already identified interest from natural gas and electric utilities and municipalities to pilot the concept.

合资公司的试点项目旨在使用Progressus氢分离技术从现有天然气电网中高效地提取高纯度氢气,然后使用AFCP的4千瓦微型热电联产或4千瓦发电机将净化后的氢气转化为电力,并可能产生热量。该项目可以立即用于住宅或商业建筑,提供真正的零排放电力。AFCP已经确定天然气和电力公用事业公司以及市政当局有兴趣试行这一概念。

Combining the technologies from both companies offers an ideal potential solution to support the generation of low carbon energy that contributes to the world's clean energy transition.

将这两家公司的技术结合在一起,提供了一种理想的潜在解决方案,可以支持低碳能源的产生,为世界清洁能源转型做出贡献。

Macro-economic Backdrop

宏观经济背景

The energy sector currently accounts for approximately three-quarters of global greenhouse gas emissions and is therefore simultaneously capable of averting the worst effects of climate change(2). To reduce CO2 emissions, gas distribution companies and municipalities are advancing projects that facilitate the injection of hydrogen into the local gas distribution grid as a cleaner energy source.

能源部门目前约占全球温室气体排放量的四分之三,因此同时能够避免气候变化的最坏影响。(2)。为了减少二氧化碳排放,天然气分销公司和市政当局正在推进项目,以促进将氢气注入当地天然气分销电网,作为一种更清洁的能源。

In the last two years alone, there have been more than two dozen hydrogen injection projects announced in the United States with companies continuing to reinforce additional commitments in early 2022(3). Further, with the passing of the Inflation Reduction Act (IRA), there is massive momentum building for additional investment in clean hydrogen solutions. Beyond the United States, the largest gas utilities around the globe (SoCalGas, Enbridge, ATCO Gas, Snam SpA, Enagas S.A., and Open Grid Europe to name a few) are all actively working on projects to inject hydrogen into their natural gas grids(4).

仅在过去两年里,美国就宣布了20多个注氢项目,各公司将在2022年初继续加强额外的承诺(3)。此外,随着《降低通货膨胀法案》(IRA)的通过,清洁氢解决方案的额外投资将形成巨大的势头。在美国之外,全球最大的天然气公司(SoCalGas、Enbridge、ATCO Gas、Snam Spa、Enagas S.A.和Open Grid Europe等)都在积极开展向其天然气电网注入氢气的项目(4).

The proposed pilot project would initially cover one extraction system linked to one 4 kW Micro-CHP or generator system, with expansion to a larger scale in future pilots designed to provide clean hydrogen and power for multiple residential users or commercial applications.

拟议的试点项目最初将包括一个与一个4千瓦微型热电联产或发电系统相连的提取系统,未来将扩大到更大规模的试点,旨在为多个住宅用户或商业应用提供清洁的氢气和电力。

Footnotes:

脚注:

(1)    

(1)

Corporate Update

企业动态

Further to the Company's new release dated July 30, 2021, the Company announces that it will issue an aggregate of 4,576,600 common shares at a deemed price of $0.10 per share pursuant to an agency agreement entered into with Mulberry Capital Inc. ("Mulberry") on October 18, 2021 and July 28, 2021 (the "Agency Agreement"). Mulberry is the Company's exclusive agent with the right to arrange, negotiate and obtain representation for sales in the Middle East. The issuance of shares is being made in lieu of a USD $350,000 cash payment for the first-year anniversary payment due under the Agency Agreement. The common shares are subject to a four month and one day hold period from the date of issuance and are subject to the Neo Exchange's acceptance of final filing documents.

继本公司于2021年7月30日发布新新闻稿后,本公司宣布,将根据于2021年10月18日及2021年7月28日与Mulberry Capital Inc.(“Mulberry”)订立的代理协议(“代理协议”),按每股0.10美元的价格发行合共4,576,600股普通股。Mulberry是该公司的独家代理商,有权安排、谈判和获得中东地区的销售代表。将发行股票,以代替根据《代理协议》应支付的第一年周年付款的350,000美元现金。普通股自发行之日起有四个月零一天的持有期,并须视乎Neo交易所接受最终申报文件而定。

On August 17, 2022, the Company issued an aggregate of 361,453 common shares at a deemed price of $0.29 per share pursuant to the Racing Sponsorship Agreement with Steinbrenner Racing, LLC and Defrancesco Motorsports Inc. The share issuance represented the final payment due for the 2023 sponsorship year. The securities were issued with a four month and one day hold period that will expire on December 18, 2022.

2022年8月17日,根据与斯坦布伦纳赛车公司、有限责任公司和德弗朗西斯科赛车公司签订的赛车赞助协议,该公司以每股0.29美元的价格发行了总计361,453股普通股。此次股票发行是2023年赞助年度到期的最后一笔付款。这些证券的发行期限为4个月零1天,将于2022年12月18日到期。

The Company also announces that pursuant to its shareholder approved restricted share unit plan (the "RSU Plan"), it has granted an aggregate of 13,000,000 restricted share units ("RSUs") to consultants (the "Eligible Parties") of the Company on September 16, 2022. The RSUs vested on issuance. The RSUs shall entitle the Eligible Parties the ability to acquire one common share (a "Share") of the Company underlying each such RSU by delivering a notice of acquisition to the Company in accordance with the RSU Plan for a period of 5 years from issuance. In accordance with the RSU Plan, the RSUs were priced at $0.085 based on the previous days trading price.

本公司亦宣布,根据其股东批准的限制性股份单位计划(“RSU计划”),本公司已于2022年9月16日向本公司的顾问(“合资格人士”)授予合共13,000,000个限制性股份单位(“RSU”)。RSU在发行时授予。RSU将使合资格各方有权根据RSU计划向本公司递交收购通知,自发行之日起5年内收购每一RSU相关的一股公司普通股(“股份”)。根据RSU计划,RSU在前几个交易日的交易价基础上定价为0.085美元。

ABOUT Progressus Clean Technologies

关于Progressus Clean Technologies

Progressus Clean Technologies (formerly AES-100 Inc.) is a venture stage green technology company focused on the development of novel hydrogen generation and separation technologies. Progressus Clean Technologies owns the exclusive rights and intellectual property pertaining to the Advanced Electrolyzer System for the production of hydrogen from dilute syngas.

Progressus Clean Technologies(前AES-100 Inc.)是一家专注于开发新型制氢和分离技术的创业期绿色科技公司。Progressus Clean Technologies拥有先进电解槽系统的独家权利和知识产权,该系统用于从稀合成气中生产氢气。

ABOUT POWERTAP HYDROGEN CAPITAL CORP.

关于PowerTap氢资本公司。

PowerTap Hydrogen Capital Corp., through its wholly owned subsidiary, PowerTap Hydrogen Fueling Corp. ("PowerTap"), is focused on installing hydrogen production and dispensing fueling infrastructure in the United States. PowerTap's patented solution has been developed over 20 years. PowerTap is now commercializing its third-generation blue hydrogen product that will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure. There are currently under 100 operational publicly available hydrogen stations in the United States with most of the existing stations purchasing industrial hydrogen from industrial manufacturers and shipping hydrogen to individual stations via tanker trucks.

PowerTAP氢能资本公司通过其全资子公司PowerTAP氢燃料公司(“PowerTAP”),专注于在美国安装氢气生产和分配燃料基础设施。PowerTAP的专利解决方案已经开发了20多年。PowerTAP目前正在将其第三代蓝氢产品商业化,该产品将专注于缺乏氢气燃料基础设施的汽车和长途卡车运输市场的加油需求。美国目前有不到100个可公开使用的运营氢气站,现有的大多数氢气站从工业制造商那里购买工业氢气,并通过油罐车将氢气运往各个氢气站。

PowerTap Hydrogen common shares are listed on the NEO Exchange. Please visit the company's profile on the NEO Exchange website at !/market-depth.

POWERTAP氢能普通股在NEO交易所上市。请访问NEO交易所网站上的公司简介,网址为!/market-Deep。

Investor Contact:
Tyler Troup, Circadian Group IR
MOVE@circadian-group.com

投资者联系方式:
Tyler Troup,Circadian Group IR
邮箱:move@Circadian-group.com

PowerTap Contact:
Raghu Kilambi raghu@hydrogenfueling.co
+1 (604) 687-2038

POWERTAP联系人:
邮箱:ragu kilambi ragu@氢气燃料
+1 (604) 687-2038

NEITHER THE NEO EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

NEO交易所及其监管服务提供商均未对本新闻稿的充分性或准确性进行审查或承担责任。

Notice Regarding Forward Looking Information:

关于前瞻性信息的通知:

This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of PowerTap. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur or be achieved.

本新闻稿包含适用证券法规定义的“前瞻性陈述”或“前瞻性信息”(本文统称为“前瞻性陈述”)。这些前瞻性陈述包括但不限于对未来业务的预测、估计、期望和目标,这些预测、估计、预期和目标受到许多假设、风险和不确定性的影响,其中许多不是PowerTAP所能控制的。前瞻性陈述是指不是历史事实的陈述,一般但并非总是以“预期”、“计划”、“预期”、“相信”、“打算”、“估计”、“项目”、“潜在”和类似的表述,或事件或条件“将”、“将”、“可能”、“可能”或“应该”发生或实现。

Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance. Forward-looking statements inherently involve risks and uncertainties that could cause our actual results to differ materially from any forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, Progressus' failure to implement or otherwise achieve the benefits of its proposed business initiatives and plans; the failure of the BioQuest and Progressus to enter into a definitive agreement related to the transaction proposed in the LOI; Progressus' ability to raise the funding required to support its continued operations and the implementation of its business plan; the ability of Progressus to develop effective new products and receive required approvals; competitive factors, including customer acceptance of the Company's products; and dependence upon third-party vendors, including to manufacture its products.

尽管公司认为这些前瞻性陈述中所表达的重大因素、预期和假设是合理的,但不能对未来的结果、活动水平和成就作出保证,这些陈述也不能保证未来的业绩。前瞻性陈述本身就包含风险和不确定因素,这些风险和不确定性可能导致我们的实际结果与任何前瞻性陈述大不相同。可能导致或促成这些差异的因素包括,但不限于,Progressus未能实施或以其他方式实现其提议的业务倡议和计划的好处;BioQuest和Progressus未能就意向书中提议的交易达成最终协议;Progressus'为支持其持续运营和业务计划的实施而筹集所需资金的能力;Progressus开发有效的新产品并获得所需批准的能力;竞争因素,包括客户对公司产品的接受程度;以及对第三方供应商的依赖,包括制造其产品。

The forward-looking information contained in this release is expressly qualified by the foregoing cautionary statements and is made as of the date of this release. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.

本新闻稿中包含的前瞻性信息明确地受到前述警示声明的限制,并且是在本新闻稿发布之日作出的。除非适用的证券法另有要求,否则公司不承担任何公开更新或修改任何前瞻性信息的义务,以反映本新闻稿发布之日后的事件或情况,或反映由于新信息、未来事件或结果或其他原因而发生的意外事件。


译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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