FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a Canadian-based, growth-stage company committed to providing commercially viable and sustainable, cradle-to-cradle, clean-energy solutions, shared a company update at its recent virtual Annual General Meeting (“AGM”). During the meeting, both Dr. Ibrahim Dincer, the lead inventor of FuelPositive’s flagship technology, and Curtis Hiebert, the company’s first demonstration project partner presented an overview of the company’s proprietary green ammonia production technology. The tech is a scalable, containerized system featuring a carbon-free process that makes pure, anhydrous ammonia. According to the announcement, the technology is designed to disrupt the traditional grey ammonia supply chain because it places production systems onsite, enabling the customer to be self-sufficient and have control over supply, timing and costs. The presentation also noted key milestones that the company had met in 2021, including hiring key staff, appointing expert advisors, securing critical leases for facilities, validating the first demonstration system, and identifying demonstration project partners. In addition, the presentation noted that the company had refined the costing model, filed a nonprovisional patent for its technology, started to accept preorders, and acquired new intellectual property designed to diversity the company’s portfolio, among other things “It’s astounding when you think that we’ve gone from a cold start, with the acquisition of the intellectual property for the technology 13 months ago, to being ready for the field five months from now,” said FuelPositive CEO and board chair Ian Clifford in the press release. “Within that time frame, we’ve accomplished so much: we basically have a new company, a new team, and a unique product that is going to make a disruptive difference in the world. And it’s all been done during a global pandemic with serious supply chain issues. I’m very proud of our progress.”
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About FuelPositive Corporation
FuelPositive is a Canadian-based technology company committed to providing commercially viable and sustainable, cradle-to-cradle, clean-technology solutions, including green ammonia (“NH3”), for use across a broad spectrum of industries and applications. By focusing on technologies that are clean, sustainable, and economically advantageous and realizable, FuelPositive aims to change the course of climate change through practical solutions that can be implemented now. The company’s FuelPositive green ammonia production system takes air, water and sustainable electricity and synthesizes it into a pure, anhydrous ammonia for multiple applications,including fertilizer for farming, fuel for internal combustion engines and a solution for grid storage. Green ammonia is being considered as a replacement for fossil fuels and as a key enabler of the hydrogen economy. For more information about the company, visit www.FuelPositive.com.
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