FuelPositive Corporation, a leading Green Ammonia Company (TSX.V:
NHHH) (OTCQB: NHHHF) (the "Company" or "FuelPositive") is pleased
to announce that on March 15, 2024, the United States National
Science Foundation funded Global Nitrogen Innovation Center for
Clean Energy and the Environment (NICCEE) held an exploratory
meeting with regional agricultural partners in the Chesapeake Bay
Watershed's key grain production region, the Eastern Shore of
Maryland.
FuelPositive was invited by Dr. Matthew Houser, a
Senior Social Scientist at The Nature Conservancy and Assistant
Research Professor at the University of Maryland Center for
Environmental Science, to present their breakthrough Green Ammonia
story.
The Global Nitrogen Innovation Center for Clean
Energy and the Environment (NICCEE), spearheaded by
the University of Maryland Center for Environmental
Science (UMCES) with key partners in the U.S.
(New York
University and University of
Massachusetts Amherst), Canada (University of
Guelph), and the U.K. (Rothamsted
Research), provide timely and crucial insights associated
with the rapidly evolving technological innovation to produce Green
Ammonia using renewable energy for clean energy and food
production.
The meeting's goal was to inform potential
end-users about the emerging on-farm green ammonia production
technology and document their perceived opportunities and concerns
related to adoption.
The meeting attendees represented various parties
involved in agricultural nitrogen management, including grain
farmers, regional fertilizer distributors, agricultural policy
representatives, and agricultural conservation organizations. "In
addition to several presentations that covered the purpose of
NICCEE and the overall development of Green Ammonia, FuelPositive
CEO Ian Clifford joined to discuss the Company's On-farm Green
Ammonia units. During a facilitated discussion, workshop
participants offered their perspectives on this new technology,
centered around FuelPositive's system." stated Dr Houser.
"Regional distributors and farmers alike are "price
takers" when it comes to inputs that FuelPositive's system can
produce or replace, such as nitrogen fertilizer and propane for
grain drying. Both groups were primarily excited about the
potential to "take control" of these inputs, which would enable
retailers to offer customers' better nitrogen prices and farmers to
have consistent input costs. They like the independence it gives
them: the stability and predictability of the price and supply.
While farmers and distributor participants noted some potential
adoption and implementation challenges, there was general
enthusiasm about the economic and environmental potential of these
systems and several participants expressed that they were seriously
considering these units for their operation," continued Dr
Houser.
"We feel deeply honoured to have been invited to
meet such open-minded farmers and leaders in the Green Ammonia
sector. Participating in a full day of discussion and debate with
individuals who share a commitment to environmental responsibility
in agriculture was truly inspiring. Our ongoing and increasing
encounters with passionate advocates committed to optimizing
agriculture while safeguarding the environment have been
remarkable. It reaffirms our collective dedication to fostering
sustainable practices to benefit our planet and future
generations," concluded Ian Clifford, FuelPositive CEO and Board
Chair.
NICCEE plans to host future partner workshops in
other regions across the US, Canada, and the UK to assess how
perceptions differ across and within national boundaries. As an
Innovation Partner of NICCEE, FuelPositive will benefit from this
wealth of information about a newly emerging sector and its first
end-users.
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 clean, sustainable, economically
advantageous and realizable technologies, 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 production. The
first customers will be farmers. Farmers use 80% of the traditional
grey ammonia produced today as fertilizer.
Sales details here:
https://fuelpositive.com/sales/
FuelPositive Corporation is based in Waterloo
(Canada) and trades on the TSX Venture Exchange under the symbol
NHHH and on the OTCQB under the symbol NHHHF in the USA.
For further information, please contact:
Ian CliffordChief Executive Officer and Board
ChairIan@fuelpositive.comTel: 416.535.8395www.fuelpositive.com
Logan RossSenior Vice President, Communications
& Campaigns Counsel Public Affairs, Inc.lross@counselpa.comTel:
204.720.3662www.counselpa.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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