TORONTO, June 02, 2022 (GLOBE NEWSWIRE) — FuelPositive Company (TSX.V: NHHH) (OTCQB: NHHHF) (“FuelPositive” or the “Corporate”) is happy to announce that it has filed a U.S. Non-Provisional Patent Utility for the Corporate’s “Modular Portable Blank Hydrogen-Ammonia Maker” with the USA Patent and Trademark Place of job (U.S. non-provisional patent software serial quantity: 17/826641). The applying claims precedence out of FuelPositive’s U.S. Provisional Patent Utility filed on June 7, 2021 and elaborates upon FuelPositive’s creative ideas.
FuelPositive has additionally filed a better half Patent Co-Operation Treaty (“PCT”) Patent Utility holding FuelPositive’s proper to its proprietary invention in all 156 PCT member states. This PCT Patent Utility additionally claims precedence out of FuelPositive’s U.S. Provisional Patent Utility filed June 7, 2021.
The Corporate’s flagship era is a containerized gadget that takes water, air and sustainable electrical energy to provide inexperienced, carbon-free, anhydrous ammonia on web site, the place finish customers want it. The gadget contains an electrolyzer to provide hydrogen from water, a nitrogen generator to provide nitrogen from air, and an ammonia synthesis converter to provide inexperienced ammonia from the nitrogen and hydrogen on a continuing foundation.
“We proceed to refine our proprietary methods and equipment within the procedure of making our demonstration methods,” mentioned Ian Clifford, CEO and Board Chair of FuelPositive.
“There’s a international scarcity of ammonia and fertilizer and significantly compromised provide chains, making our decentralized and containerized on-site inexperienced ammonia manufacturing methods acutely wanted. We’re being approached day by day via other people and firms from everywhere the arena who need our methods so they are able to regulate their provide, timing and pricing, whilst dramatically decreasing carbon emissions. Through submitting those patent packages, we’re environment ourselves up so to ship inexperienced anhydrous ammonia and its derivatives anyplace the era is wanted within the coming years,” added Clifford.
FuelPositive is a Canadian era corporate dedicated to offering commercially viable and sustainable “cradle to cradle” blank era answers, together with a containerized inexperienced ammonia (NH3) manufacturing gadget to be used throughout a large spectrum of industries and packages. Through that specialize in applied sciences which are blank, sustainable and economically fine/realizable, the Corporate goals to modify the process local weather alternate thru sensible answers that may be applied within the brief time period.
The FuelPositive containerized inexperienced ammonia manufacturing gadget produces natural, anhydrous ammonia for a couple of packages, together with fertilizer for farming, gasoline for grain drying and inside combustion engines, a sensible selection for gasoline cells and an answer for grid garage. Inexperienced ammonia could also be being thought to be as a key enabler of the hydrogen financial system.
FuelPositive methods are designed to offer for inexperienced ammonia manufacturing on-site, the place it’s wanted. This gets rid of wildly fluctuating provide chains and gives end-users power and provide safety, whilst slicing carbon emissions from the manufacturing procedure. The primary shoppers will probably be farmers. Farmers use 80% of the standard ammonia produced these days as fertilizer.
Already confirmed within the lab, FuelPositive is lately development 3 full-sized methods. The primary gadget will probably be field-ready and entirely validated via FuelPositve and two authorized 3rd events via past due summer season 2022, ahead of being moved to a farm in Manitoba, Canada. The Corporate expects to start serial, assembly-line production in 2023.
Buying and selling within the securities of the Corporate must be thought to be extremely speculative. No inventory alternate, securities fee or different regulatory authority has licensed or disapproved the guidelines contained herein. Neither the TSX Mission Change nor its Legislation Services and products Supplier (as that time period is outlined within the insurance policies of the TSX Mission Change) accepts duty for the adequacy or accuracy of this launch.
Ahead-Having a look Statements
This information launch accommodates sure “forward-looking data” and “forward-looking statements” (jointly, “forward-looking statements”) which are according to expectancies, estimates and projections as on the date of this information launch. The tips on this launch about long run plans and targets of the Corporate, together with the predicted expenditures of the proceeds of the personal placement, are forward-looking statements.
Those forward-looking statements are according to assumptions and estimates of control of the Corporate on the time they had been made and contain recognized and unknown dangers, uncertainties and different elements which might reason the real effects, efficiency or achievements of the Corporate to be materially other from any long run effects, efficiency or achievements expressed or implied via such forward-looking statements. Ahead searching statements are essentially primarily based upon a lot of estimates and assumptions that, whilst thought to be affordable via the Corporate as of the time of such statements, are inherently matter to vital trade, financial and aggressive uncertainties and contingencies. Those estimates and assumptions might turn out to be flawed.
Many of those uncertainties and contingencies can immediately or not directly impact, and may reason, precise effects to range materially from the ones expressed or implied in any forward-looking statements. There may also be no assurance that forward-looking data will turn out to be correct, as precise effects and long run occasions may range materially from the ones expected in such statements.
Ahead-looking data is supplied for the aim of offering details about control’s expectancies and plans with regards to the long run. The Corporate disclaims any purpose or legal responsibility to replace or revise any forward-looking data or to provide an explanation for any subject material distinction between next precise occasions and such forward-looking data, excluding to the level required via acceptable regulation.
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