AmmPower Corp. Announces Joint Venture Agreement With CTEC Energy Sales USA Inc.
AmmPower Corp. Announces Joint Venture Agreement With CTEC Energy Sales USA Inc.
TORONTO, June 15, 2023 (GLOBE NEWSWIRE) -- AmmPower Corp. (CSE: AMMP) (OTCQB: AMMPF) (FSE: 601A) (the "AmmPower" or "Company") is pleased to announce that it has signed a joint venture agreement with CTEC Energy Sales USA Inc. (a private company) ("CTEC") to create centers for transforming waste into ammonia using CTEC and AmmPower technology and products.
多倫多，2023 年 6 月 15 日（GLOBE NEWSWIRE）— ammPower Corp. (CSE: AMMP) (OTCQB: AMMPF) (FSE: 601A) （“ammPower” 或 “公司”）欣然宣佈，它已與CTEC Energy Sales USA Inc.（一傢俬營公司）（“CTEC”）簽署了合資協議，使用CTEC和ammPower的技術和產品創建將廢物轉化爲氨的中心。
Gary Benninger, AmmPower CEO, states, "We are very excited about our new relationship with CTEC since it will allow waste materials to be converted into the hydrogen and electricity required for the ammonia synthesis process. It eliminates the need for an electrolyzer to create the hydrogen and in so doing substantially reduces the electric power required for the overall process."
ammPower首席執行官Gary Benninger表示：“我們對與CTEC的新關係感到非常興奮，因爲這將使廢物能夠轉化爲氨合成過程所需的氫氣和電力。它無需使用電解槽來產生氫氣，從而大大降低了整個過程所需的電力。”
The joint venture will be owned 50/50 between CTEC Energy Sales USA Inc and AmmPower Inc. and will have its own management team. It should be noted that the CTEC technology is in production in Europe and the United Kingdom in over 25 locations. The hydrogen and electricity produced by the CTEC units will directly feed AmmPower's IAMM ammonia synthesis units.
該合資企業將由CTEC Energy Sales USA Inc.和AmmPower Inc.50持有，並將擁有自己的管理團隊。值得注意的是，CTEC技術正在歐洲和英國超過25個地點生產。CTEC裝置產生的氫氣和電力將直接爲AMMPower的IAMM氨合成裝置供電。
Peter Wild of CTEC noted, "The relationship with AmmPower is an ideal marriage since it provides a mechanism to convert waste materials into a product with value, and does so without the creation of greenhouse gasses."
CTEC的彼得·懷爾德指出：“與AmmPower的關係是理想的結合，因爲它提供了一種將廢物轉化爲有價值產品的機制，而且無需產生溫室氣體。”
On Behalf of the Board of Directors
Gary Benninger
Chief Executive Officer
代表董事會
Gary Benninger
首席執行官
About AmmPower
關於 ammPower
AmmPower is a clean energy company focused on the production of green ammonia. The Company is based in Toronto, Ontario with research and manufacturing facility in Southeast Michigan. The company is active in all facets of green ammonia production, including the production of green fertilizers, carbon free shipping fuel, and the "cracking", or moving of green hydrogen as ammonia. The company is working on the development of proprietary technologies to produce green ammonia and green hydrogen at scale, including the investigation of unique catalytic reactions to bring down costs and to take advantage of carbon credits in the renewable energy space, AmmPower currently holds several LOIs with ports in Brazil the United States, and is currently completing its IAMM prototype to create green ammonia for the agricultural industry. The company also holds a lithium exploration property in the James Bay/Eeyou Istche region of Quebec and an option on the Titan Property located in Klotz Lake area in Northwestern Ontario.
AmmPower是一家清潔能源公司，專注於綠色氨的生產。該公司總部位於安大略省多倫多，在密歇根州東南部設有研究和製造工廠。該公司活躍於綠色氨生產的各個方面，包括綠色肥料、免碳運輸燃料的生產，以及 “裂解” 或將綠色氫作爲氨的運輸。該公司正在開發專有技術，以大規模生產綠色氨和綠色氫氣，包括研究獨特的催化反應以降低成本和利用可再生能源領域的碳信用額。ammPower目前在巴西和美國的港口持有幾份意向書，目前正在完成其IAMM原型，爲農業行業製造綠色氨氣。該公司還在魁北克詹姆斯灣/Eeyou Istche地區持有鋰勘探物業，以及位於安大略省西北部克洛茨湖地區的泰坦地產的期權。
Investor Relations
投資者關係
512-850-7711
invest@ammpower.com
Forward-Looking Statements
512-850-7711
invest@ammpower.com
前瞻性陳述
This news release includes forward-looking statements that are subject to risks and uncertainties, including with respect to the joint venture with CTEC, potential benefits of the joint venture and the application of CTEC and AmmPower's technologies. All statements within, other than statements of historical fact, are to be considered forward-looking. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company's public filings under the Company's SEDAR profile at . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
本新聞稿包括受風險和不確定性的前瞻性陳述，包括與CTEC的合資企業、合資企業的潛在收益以及CTEC和AMMPower技術的應用。除歷史事實陳述外，其中的所有陳述均應被視爲前瞻性。公司提供前瞻性陳述的目的是傳達有關當前預期和未來計劃的信息，並提醒讀者，此類陳述可能不適合用於其他目的。就其性質而言，這些信息存在固有的風險和不確定性，這些風險和不確定性可能是普遍的或具體的，這使得預期、預測、預測、預測或結論可能不準確，假設可能不正確，目標、戰略目標和優先事項將無法實現。這些風險和不確定性包括但不限於公司根據公司SEDAR概況提交的公開文件中發現和報告的風險和不確定性，網址爲。儘管公司試圖確定可能導致實際行動、事件或結果與前瞻性信息中描述的存在重大差異的重要因素，但可能還有其他因素導致行動、事件或結果與預期、估計或預期不符。由於實際結果和未來事件可能與此類陳述中的預期存在重大差異，因此無法保證此類信息會被證明是準確的。除非法律要求，否則公司不打算或有義務更新或修改任何前瞻性信息，無論是由於新信息、未來事件還是其他原因。
The Canadian Securities Exchange (CSE) has not reviewed, approved or disapproved the contents of this press release.
加拿大證券交易所 (CSE) 尚未審查、批准或不批准本新聞稿的內容。
譯文內容由第三人軟體翻譯。