PowerTap Announces Letter of Intent With Newport Realty Group for Retail Energy Center
PowerTap Announces Letter of Intent With Newport Realty Group for Retail Energy Center
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VANCOUVER, British Columbia and ALISO VIEJO, Calif., April 03, 2023 (GLOBE NEWSWIRE) -- PowerTap Hydrogen Capital Corp. (NEO: MOVE) (OTC: MOTNF) ("PowerTap" or the "Company" or "MOVE") PowerTap Hydrogen Fueling Corp., ("PowerTap"), a leading provider of on-site hydrogen production technology, today announced that it has entered into a letter of intent with Newport Realty Group ("NRG"), Newport Beach, California-based real estate development firm, to enter into a lease in Yermo, California to operate a future PowerTap Hydrogen Fueling Station. The lease remains subject to a definitive agreement.
Subject to finalizing the terms of the lease, this future location for PowerTap hydrogen fueling stations will help to provide clean and reliable energy solutions for light-duty fuel cell electric vehicles (FCEVs), as well as battery electric vehicles (BEVs) and traditional gasoline-powered vehicles. The site will host an on- site hydrogen production station developed by PowerTap, which will provide fuel for light-duty FCEVs. NRG plans to develop several retail/energy plazas along Interstate 15, extending from Los Angeles and Orange County in California to Las Vegas and beyond through the states of Nevada and Utah. These sites, on which PowerTap will have a first look to participate, will provide microgrids for battery electric charging of battery electric vehicles (BEVs) and petrol stations servicing gasoline and diesel vehicles, along with other uses such as drive-thru restaurants, convenience stores, food halls, public-private lounges, and rest areas, to support consumers while charging their vehicles.
"We are thrilled to partner with Newport Realty Group to bring the benefits of clean and sustainable hydrogen energy to consumers and businesses across the west coast," said Mr. Salim Rahemtulla, President and CEO of PowerTap. "Our on-site hydrogen production stations will provide a reliable and efficient fuel source for FCEVs and FCETs, while the retail energy centers developed by NRG will offer convenient and accessible charging options for BEVs and traditional gasoline-powered vehicles."
The collaboration between PowerTap and NRG reflects a shared commitment to sustainability and reducing carbon emissions. By providing on-site hydrogen production and microgrids to support BEV charging and the other uses on these sites, the partnership aims to promote the adoption of cleaner transportation solutions and support the growth of the hydrogen economy in the United States. "We are excited to join forces with PowerTap to create a new model for sustainable energy solutions," said Mr. Barry Blake, President of Newport Realty Group. "Our retail energy centers will not only provide convenient charging options for EVs, but also offer amenities and services to make the charging experience more enjoyable and efficient. We look forward to working together to create a more sustainable future for all."
As reported in PowerTap's November 23, 2022 press release, its technology validation for the PowerTap Gen3 modular hydrogen production and dispensing unit (MHPDU), producing 1,250 kg per day of hydrogen, is anticipated to be wrapped up by the end of Q2 2023, while engineering plans are being finalized for submittal to municipalities for construction permit approval through Q3 2023 and, in parallel, supply chains being solidified, PowerTap MHPDUs at Andretti-owned stations are expected to be installed starting at the end of Q1 2024.
With that as context, NRG has agreed to deliver possession of the premises to PowerTap in the second half of 2024. The operation of this site as a hydrogen fueling center remains subject to PowerTap obtaining all of the final permits and approvals necessary for PowerTap's construction and intended use of the premises. The operation of the site as a hydrogen fueling center is also subject to PowerTap finalizing the design of its on-site hydrogen fueling units, completing the manufacturing of the units, and obtaining all necessary governmental approvals, permits and licenses.
A photo accompanying this announcement is available at
PowerTap is also excited to report that the 2023 IndyCar Series continues with the Grand Prix of Long Beach April 14 - 16, 2023, with Steinbrenner Racing and Andretti Autosport Car No. 29, sponsored by PowerTap. Management will be hosting several key PowerTap partners throughout the weekend in Long Beach.
ABOUT POWERTAP HYDROGEN CAPITAL CORP.
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.
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 Contact:
Raghu Kilambi raghu@hydrogenfueling.co
+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.
Notice Regarding Forward Looking Information:
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. Some assumptions include, without limitation, the development of hydrogen powered vehicles by vehicle makers, the adoption of hydrogen powered vehicles by the market, legislation and regulations favoring the use of hydrogen as an alternative energy source, the qualification for carbon credits (including the availability of credits, benefits, emission reductions, offsets and allowances, howsoever entitled, attributable to the production, combustion or other use of biogas), the availability of sufficient RNG feedstock the Company's ability to build out its planned hydrogen fueling station network, and the Company's ability to raise sufficient funds to fund its business plan. 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.
This press release contains forward-looking statements pertaining to, among other things, the timing and ability of the Company to complete the development and manufacture of its on-site hydrogen fueling units; finalizing engineering plans for submission to municipalities for construction permit approval through Q3 2023; finalizing supply chains; installing PowerTap MHPDUs at Andretti-owned stations starting at the end of Q1 2024; NRG's plan to develop energy plazas along Interstate 15, extending from Los Angeles and Orange County in California to Las Vegas and beyond through the states of Nevada and Utah. Forward- looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking information contained in this press release.
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.
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.
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溫哥華,不列顛哥倫比亞省和ALISO VIEJO,加利福尼亞州,2023年4月3日(Global Newswire)--PowerTap氫氣資本公司(NEO:MOVE)(場外交易代碼:MOTNF)(以下簡稱“PowerTAP”或“公司”或“MOVE”)是現場制氫技術的領先供應商,今天宣佈已與位於加利福尼亞州紐波特海灘的房地產開發公司Newport Realty Group(“NRG”)簽訂意向書,租用位於加利福尼亞州耶爾莫的未來PowerTap氫氣加氣站。租約仍以最終協定為準。
在最終敲定租約條款後,未來PowerTAP加氫站的選址將有助於為輕型燃料電池電動汽車(FCEV)以及電池電動汽車(BEV)和傳統汽油動力汽車提供清潔可靠的能源解決方案。該地點將容納一個由PowerTAP開發的現場氫氣生產站,該站將為輕型FCEV提供燃料。NRG計劃沿著15號州際公路開發幾個零售/能源廣場,從加利福尼亞州的洛杉磯和奧蘭治縣延伸到拉斯維加斯,並延伸到內華達州和猶他州。PowerTAP將率先參與這些網站的建設,這些網站將為電池電動汽車(BEV)和汽油和柴油汽車的加油站提供電池充電微電網,以及免下車餐廳、便利店、食品大廳、公共-私人休息室和休息區等其他用途,以支持消費者為汽車充電。
“我們很高興能與紐波特房地產集團合作,為西海岸的消費者和企業帶來清潔和可持續的氫能的好處,”PORTAP首席執行官兼首席執行官總裁先生說。我們的現場氫氣生產站將為FCEV和FCET提供可靠和高效的燃料來源,而NRG開發的零售能源中心將為BEV和傳統汽油動力汽車提供方便和可獲得的充電選擇。
PowerTAP和NRG之間的合作反映了對可持續發展和減少碳排放的共同承諾。通過提供現場氫氣生產和微電網,以支持Bev充電和這些地點的其他使用,該合作夥伴關係旨在促進採用更清潔的交通解決方案,並支持美國氫經濟的增長。新港地產集團總裁表示:“我們很高興能與PowerTAP聯手,開創可持續能源解決方案的新模式。”我們的零售能源中心不僅將為電動汽車提供便捷的充電選擇,還將提供便利設施和服務,使充電體驗更加愉快和高效。我們期待著共同努力,為所有人創造一個更可持續的未來。
據PowerTAP在2022年11月23日的新聞稿中報道,其對PowerTAP第三代模塊化氫氣生產和分配單元(MHPDU)的技術驗證預計將於2023年第二季度末完成,預計將於2023年第二季度末完成,同時工程計劃正在敲定,以便在2023年第三季度之前提交給市政當局審批建設許可,同時,供應鏈正在固化,Andretti擁有的加油站的PowerTAP MHPDU預計將於2024年第一季度末開始安裝。
在此背景下,NRG已同意在2024年下半年將該房產的所有權移交給PowerTAP。作為氫氣燃料中心的這個地點的運營仍然需要PowerTAP獲得建造和預期使用該場所所需的所有最終許可和批准。該廠作為氫氣燃料中心的運營還需要PowerTAP敲定其現場氫氣燃料裝置的設計,完成裝置的製造,並獲得所有必要的政府批准、許可和許可證。
這一公告附帶的照片可在以下網址查閱
PowerTap還很高興地報告,2023年IndyCar系列賽將繼續進行2023年4月14日至16日的長灘大獎賽,由PowerTap贊助的Steinbrenner賽車和Andretti Autosport 29號車。整個週末,管理層將在長灘招待PowerTap的幾個關鍵合作夥伴。
約電源抽頭氫氣資本公司
PowerTAP氫能資本公司通過其全資子公司PowerTAP氫燃料公司(“PowerTAP”),專注於在美國安裝氫氣生產和分配燃料基礎設施。PowerTAP的專利解決方案已經開發了20多年。PowerTAP目前正在將其第三代藍氫產品商業化,該產品將專注於缺乏氫氣燃料基礎設施的汽車和長途卡車運輸市場的加油需求。
POWERTAP氫能普通股在NEO交易所上市。請訪問NEO交易所網站上的公司簡介,網址為!/market-Deep
POWERTAP聯繫人:
郵箱:ragu kilambi ragu@氫氣燃料
+1(604)687-2038
都不是這個近地天體交易所也不是它的法規服務提供商有已回顧或對本新聞稿的充分性或準確性承擔責任。
告示關於轉發張望資料:
本新聞稿包含適用證券法規定義的“前瞻性陳述”或“前瞻性資訊”(本文統稱為“前瞻性陳述”)。這些前瞻性陳述包括但不限於對未來業務的預測、估計、期望和目標,這些預測、估計、預期和目標受到許多假設、風險和不確定性的影響,其中許多不是PowerTAP所能控制的。一些假設包括但不限於,汽車製造商對氫動力汽車的開發,市場對氫動力汽車的採用,支持使用氫作為替代能源的法律和法規,碳信用額度的資格(包括信用、好處、減排、補償和津貼,無論如何,可歸因於沼氣的生產、燃燒或其他使用),充足的RNG原料的可用性,公司建設其計劃中的氫氣加氣站網路的能力,以及公司籌集足夠資金為其業務計劃提供資金的能力。前瞻性陳述是指不是歷史事實的陳述,一般但並非總是以“預期”、“計劃”、“預期”、“相信”、“打算”、“估計”、“專案”、“潛在”和類似的表述,或事件或條件“將”、“將”、“可能”、“可能”或“應該”發生或實現。
本新聞稿包含前瞻性陳述,涉及公司完成現場氫氣燃料裝置開發和製造的時間和能力;最終確定工程計劃,供市政當局在2023年第三季度之前提交建設許可批准;最終確定供應鏈;從2024年第一季度末開始在安德雷蒂擁有的車站安裝PowerTAP MHPDU;NRG計劃沿著15號州際公路開發能源廣場,從加利福尼亞州的洛杉磯和奧蘭治縣延伸到拉斯維加斯,直到內華達州和猶他州。前瞻性資訊基於當前的預期、估計和預測,這些預期、估計和預測涉及許多風險,可能導致實際結果不同,在某些情況下,與本新聞稿中包含的前瞻性資訊中描述的公司預期的結果大不相同。
儘管公司認為這些前瞻性陳述中表達的重要因素、預期和假設是合理的,但不能對未來的結果、活動水準和成就作出保證,這些陳述也不能保證未來的業績。
本新聞稿中包含的前瞻性資訊明確地受到前述警示聲明的限制,並且是在本新聞稿發佈之日作出的。除非適用的證券法另有要求,否則公司不承擔任何公開更新或修改任何前瞻性資訊的義務,以反映本新聞稿發佈之日後的事件或情況,或反映由於新資訊、未來事件或結果或其他原因而發生的意外事件。
譯文內容由第三人軟體翻譯。
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