- FuelPositive continues to make strides in delivering carbon-free ammonia solution; poised to disrupt traditional NH3 manufacturing, responsible for some of the world’s most concentrated CO2 emissions
- Company has issued an update about its current operations, completed financial transactions and plans for the future; management is optimistic about the positive outlook as opportunities continue to unfold
- FuelPositive continues to build financial, IP and human resources as it develops first-of-its-kind modular and scalable NH3 technology
FuelPositive (TSX.V: NHHH) (OTC: NHHHF), a provider of commercially viable and sustainable clean energy solutions, forges ahead, poised to capitalize on the growing opportunities relating to energy-efficient technologies. The company has issued an update on its operations, completed financial transactions and plans for the future (https://ibn.fm/1W9bP). In the update, FuelPositive has shared that all announced initiatives are advancing as planned, while the company’s financial standing has been fortified with additional financing. To support ambitious plans for the future, the company has also continued to grow its core team and put in place the foundational intellectual property protection for its ammonia and hydrogen technology. The statement of Ian Clifford, FuelPositive’s CEO, encapsulates the enthusiasm about the company’s future. “We are in a strong position overall and are pleased with the opportunities unfolding for us to continue to build shareholder value in the company,” he said.
The company has fortified its balance sheet with CAD 5 million, after successfully completing private placement with the US institutional investors’ institutional financing last month (https://ibn.fm/hWcGW). This transaction allows it to fully fund Phase 2 Hydrogen-Ammonia Synthesizer commercial prototype systems for Carbon-Free Ammonia (“NH3”) production developed in partnership with National Compressed Air Canada Ltd (https://ibn.fm/KTNs7). In addition, the company has filed for patent protection for its “Modular Transportable Clean Hydrogen-Ammonia Maker” with the United States Patent and Trademark Office (https://ibn.fm/uGUmZ). This flagship technology allows for the in-situ production of carbon-free ammonia (“NH3”), providing an innovative solution to several environmental concerns that can be used across multiple industries as NH3 production is completely sustainable, using just water, air and sustainable electricity.
FuelPositive appears poised to create a powerful team that will make its ambitious plans possible. The company is led by Ian Clifford, the Director, CEO and Founder, an industry veteran with more than 25 years of experience in technology and marketing, and supported by Dr. Ibrahim Dincer, who serves as a scientific advisor. Dr. Dincer, who is internationally recognized as a pioneer and leader in sustainable energy technologies, is responsible for creating the carbon-free ammonia production technology that the company is commercializing. But, FuelPositive will not stop here. Committed to further growing the team, FuelPositive will announce additions as new team members join the company. The company also appears poised to make complementary acquisitions to expand its sustainability footprint across carbon-free ammonia, power generation, and enabling technologies amid the growing market need for energy-efficient and environmentally friendly technologies.
For more information, visit the company’s website at www.FuelPositive.com.
NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://ibn.fm/NHHHF
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