FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (the
“Company” or “FuelPositive”) is excited to announce the
official delivery date for its first on-farm, containerized, Green
Ammonia demonstration system, the FP300. On March 31st2024 the
Company anticipates the world’s first, on-demand, modular, Green
Ammonia fertilizer and fuel plant to be delivered and operational
on the Hiebert’s farm in Manitoba, Canada.
The FP300 is destined to become the first
farmer-owned Green Ammonia plant in the world. The first system
will support optimizing of future versions of this transformative
technology. This new approach to farming has the potential of
offering reliable supply and cost in addition to eliminating up to
4 tonnes of atmospheric polluting CO2e emissions for every tonne of
Green Ammonia produced. Ammonia supply and cost are the
second most challenging risk factors for many farmers after the
weather.
FuelPositive recently signed a lease in Waterloo,
Ontario, for a twelve thousand square foot manufacturing site to
accommodate the production of the following 30 systems. The
delivery of these systems is expected throughout 2024 and 2025.
Nelson Leite, COO and Board Member, commented, “We
have entered the final stage of the pre-shipment preparation. Our
team have witnessed the system running at full rate and can’t wait
to see it installed and producing Green Ammonia on farm. We are
extremely proud of our incredible team efforts and
accomplishments.”
Leite continued, “The breakthrough FP300 is a
pinnacle of engineering and technological innovation, and our
stakeholders and customers who have already seen our system are
excited for the positive change that it represents for people and
industries across many different sectors.”
Ian Clifford, CEO and Board Chair, concluded, “This
is a dream come true for all of us, a potential game changer for
global food security, and we’re just getting started!”
About FuelPositive Corporation
FuelPositive is a Canadian technology company
dedicated to delivering commercially feasible and sustainable clean
technology solutions that follow a circular approach, ensuring the
entire lifecycle of our products is environmentally friendly. This
includes an on-farm/onsite, containerized Green Ammonia (NH3)
production system that effectively eliminates carbon emissions
during the production process.
By focusing on technologies that are clean,
sustainable, economically advantageous and realizable, the Company
aims to help mitigate climate change, addressing unsustainable
agricultural practices through innovative technology and practical
solutions that can be implemented now. The FuelPositive
on-farm/onsite, containerized Green Ammonia production system is
designed to produce pure, anhydrous ammonia for multiple
applications, including fertilizer for farming, fuel for grain
drying and internal combustion engines, a practical alternative for
fuel cells and a solution for grid storage. Green Ammonia is also
considered a key enabler of the hydrogen economy.
FuelPositive systems are designed to provide for
Green Ammonia production on-farm/onsite, where and when needed.
This eliminates wildly fluctuating supply chains and offers
end-users clean fertilizer, energy and Green Ammonia supply
security while eliminating carbon emissions from the production
process. The first customers will be farmers. Farmers use 80% of
the traditional grey ammonia produced today as fertilizer.
See pre-sale details
here: https://fuelpositive.com/pre-sales/.
FuelPositive Corporation is based in Waterloo
(Canada) and trades on the TSX Venture Exchange under the symbol
NHHH and in the USA on the OTCQB under the symbol NHHHF.
For further information, please contact:Ian
CliffordChief Executive Officer and Board
ChairIan@fuelpositive.comTel: 416.535.8395www.fuelpositive.com
Investor Relations United States &
International:RB Milestone Group
(RBMG)fuelpositive@rbmilestone.com
Investor Relations Canada:Transcend
Capitalet@transcendcapitalinc.com
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) accept
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 of the date of this news release. The
information in this release about future plans and objectives of
the Company, including with respect to further testing and
implementation of the FP300 system, 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 which 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 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.
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