FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF)
(“FuelPositive” or the “Company”) has hired engineer Dr. Ghassan
Chehade, one of the co-inventors named on the provisional patent of
the Company’s technology that will produce carbon-free ammonia
(NH3). Dr. Chehade worked with Dr. Ibrahim Dincer on the original
development of the Company’s core NH3 technology. He has joined the
Company as Lead Project Engineer.
“Ghassan will play a significant role, working closely with
National Compressed Air Canada Ltd., as we manufacture our Phase 2
commercial prototype demonstration systems for carbon-free NH3
production,” said Ian Clifford, Fuel Positive CEO. “The
manufacturing of demonstration prototypes is a major milestone for
us, as we transition from research and development to the
commercialization phase of our growth. Having Ghassan involved
daily will ensure success, preparing us for the rollout of our
demonstration pilot projects in early 2022.”
The Company’s carbon-free NH3 technology, takes air, water and
sustainable electricity and converts it to a non-polluting chemical
for multiple applications, fertilizer for farming, fuel for
combustion engines and a solution for grid storage. It is being
considered as a replacement for fossil fuels and as the enabler of
the hydrogen economy. Not only does the production of
FuelPositive’s carbon-free NH3 require much less energy than
producing hydrogen on its own, but ammonia stores 65% more hydrogen
than highly compressed pure hydrogen, making ammonia the most
efficient way to safely store and transport hydrogen.
FuelPositive’s modular and transportable systems, leveraging
shipping container configurations, will be adaptable to multiple
applications. The Company is initially focusing on the agriculture
sector where farmers will be able to produce carbon-free NH3 on
their farms and use it to fertilize their fields and fuel their
farming equipment, generators, coolers and grain drying
equipment.
The traditional ammonia sector has a market value of about $70
billion US yearly, with compound annual growth rate of 5% each
year. However, its production, centralized in massive refineries,
contributes significantly to carbon emissions. FuelPositive’s
technology can replace traditional ammonia with carbon-free NH3
that can be produced wherever it is needed. A number of recent
projections suggest a compound annual growth rate for carbon-free
ammonia of 50% or higher.
On June 8, 2021, the Company announced that it had filed for
patent protection for its “Modular Transportable Clean
Hydrogen-Ammonia Maker” with the United States Patent and Trademark
Office (U.S. provisional patent application number 63197884).
You can watch an interview about this news release with Ian
Clifford, FuelPositive CEO, on our YouTube
channel: https://youtu.be/2jcrrGVVjkE.
About Dr. Ghassan Chehade
Dr. Chehade is a senior engineer and hydrogen/ammonia subject
matter specialist. His passion centers on the link between climate
change and energy systems. He pursued graduate studies at Ontario
Tech University under the supervision of Dr. Dincer, where he
received MASc and PhD degrees in Mechanical Engineering with a
focus on energy systems and thermofluids and his doctoral study was
primarily focused on the development of the Company’s core NH3
technology. Dr. Chehade also has a certificate in electrochemical
systems from the University of Toronto. Dr. Chehade worked for more
than half a decade at the Clean Energy Research Laboratory
performing research related to clean energy systems. His
discoveries on ammonia and hydrogen production methods in the lab
have translated to commercial solutions that could revolutionize
the way to reduce carbon emissions.
About Fuel Positive
FuelPositive is a Canadian growth-stage technology company
committed to providing commercially viable and sustainable “cradle
to cradle” clean energy solutions, including carbon-free ammonia
(NH3), for use across a broad spectrum of industries and
applications. By focusing on technologies that are clean,
economically advantageous/ realizable and that leverage existing
infrastructure, the Company aims to change the course of climate
change through practical solutions that can be implemented now.
Cautionary Statement
Trading in the securities of the Company should be considered
highly speculative. No stock exchange, securities commission or
other regulatory authority has approved or disapproved the
information contained herein. Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain "forward-looking information"
and "forward-looking statements" (collectively, "forward-looking
statements") that are based on expectations, estimates and
projections as at the date of this news release. The information in
this release about future plans and objectives of the Company are
forward-looking statements.
These forward-looking statements are based on assumptions and
estimates of management of the Company at the time they were made
and involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by the Company as of the time of such
statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. These
estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or
indirectly affect actual results and could cause actual results to
differ materially from those expressed or implied in any
forward-looking statements. There can be no assurance that
forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements.
Forward-looking information is provided for the purpose of
providing information about management's expectations and plans
relating to the future. The Company disclaims any intention or
obligation to update or revise any forward-looking information or
to explain any material difference between subsequent actual events
and such forward-looking information, except to the extent required
by applicable law.
For Media or Investor enquiries, please
contact:
Ian CliffordFuelPositive Chief Executive
Officerinvestors@fuelpositive.comwww.fuelpositive.com
Investor Relations (U.S.):
RBMG - RB Milestone Group LLCTrevor Brucato, Managing
Directorfuelpositive@rbmilestone.comwww.rbmilestone.com
Corporate Communications:
InvestorBrandNetwork (IBN) Los Angeles,
CAwww.IBN.fm310.299.1717 OfficeEditor@NetworkNewsWire.com
Government Relations:
Sussex Strategy Group Toronto &
Ottawahttps://www.sussex-strategy.com/Contact: Devin
McCarthy(613) 864-0263dmccarthy@sussex-strategy.com
FuelPositive (TSXV:NHHH)
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FuelPositive (TSXV:NHHH)
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