Alkaline Fuel Cell Power Corp. Announces Appointment of J. Michael Sullivan as Strategic Consultant
April 26 2023 - 12:05AM
Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF)
(Frankfurt: 77R, WKN: A3CTYF) (“
PWWR” or
the “
Company”), a diversified investment platform
developing affordable, renewable, and reliable energy assets and
cleantech, is pleased to announce that the Company has appointed J.
Michael Sullivan as a consultant of the Company (the
“
Consultant”).
“I am very pleased to add Mike Sullivan as a
Strategic Consultant to the Company. I expect his experience in
structured financial vehicles, including flow through offerings for
cleantech and hydrogen-based opportunities will be a tremendous
asset to PWWR,” stated Frank Carnevale, CEO of PWWR.
In connection with the appointment of the
Consultant to the Company, the Company granted an aggregate of
600,000 restricted share unit (each, a “RSU”) to
the Consultant, pursuant to the terms of a consulting agreement
entered into between the Company and the Consultant (the
“Consulting Agreement”). The RSUs will vest in
accordance with the terms of the Consulting Agreement and in
accordance with the Company’s 2021 RSU Plan. Upon vesting, each RSU
will entitle the holder thereof to receive one common share in the
capital of the Company.
ABOUT MR. SULLIVAN
Mr. Sullivan is an energy sector executive with
over 35 years in energy infrastructure project and corporate
finance related businesses. He has experience as CEO and/or CFO in
resource extraction, energy processing and renewable energy
sectors. Mr. Sullivan has been responsible for over $3 billion
capital investment in infrastructure projects. Specifically, Mr.
Sullivan has extensive experience in structured financing vehicles
including flow-through share offerings in clean technologies and
hydrogen-based opportunities.
Mr. Sullivan graduated from the University of
New Brunswick with a Bachelor of Business Administration degree in
Finance and Economics. Mr. Sullivan holds a Chartered Financial
Analyst designation and attended the Rotman School of Management at
the University of Toronto executive programs in advanced financial
management and structuring.
ABOUT ALKALINE
FUEL CELL POWER
CORP. (NEO:
PWWR)PWWR is a diversified investment platform
developing affordable, renewable, and reliable energy assets and
cleantech. We bring ‘Power to the People’ today, combining a stable
revenue stream with a future- forward vision to commercialize our
advanced hydrogen fuel cell technology to meet the massive global
market need, and ultimately generate compelling returns for
investors.
PWWR is well positioned to deliver ‘Power to the
People’ in the global energy transition while offering a
diversified cleantech growth platform for investors.
Further information is available on the Company
website at https://www.fuelcellpower.com/, and the Company
encourages investors and other interested stakeholders to follow it
on:LinkedIn, Twitter, Facebook, Instagram and YouTube. Common
shares are listed for trading on the NEO under the symbol
“PWWR”, the OTC Venture Exchange
“OTCQB” under the symbol “ALKFF”
and on the Frankfurt Exchange under symbol “77R”
and “WKN A3CTYF”.
For further
information, please
contact:
Frank CarnevaleChief Executive Officer+1 (647)
531-8264fcarnevale@fuelcellpower.com
Forward-Looking
Information
This news release contains forward-looking
statements and forward-looking information within the meaning of
applicable securities laws. These statements relate to future
events or future performance. All statements other than statements
of historical fact may be forward-looking statements or
information. In certain cases, forward-looking statements can be
identified by the use of words such as “plans”, “expects” or “does
not expect”, “is expected”, “estimates”, “forecasts”, “intends”,
“anticipates”, “believes” or variations of such words and phrases
or statements that certain actions, events or results “may”,
“could”, “would”, “might”, “occur” or “achieve”. Forward-looking
statements in this news release may include, but are not limited
to, the issuance of the RSUs, the appointment of Mr. Sullivan as
Consultant and expectations relating thereto, and statements with
respect to the Company’s technology, intellectual property,
business plan, objectives and strategy.
Forward-looking statements and information are
provided for the purpose of providing information about the current
expectations and plans of management of the Company relating to the
future. Readers are cautioned that reliance on such statements and
information may not be appropriate for other purposes, such as
making investment decisions. Since forward-looking statements and
information address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated
due to a number of factors and risks. Accordingly, readers should
not place undue reliance on the forward-looking statements and
information contained in this news release. Readers are cautioned
that the foregoing list of factors is not exhaustive. The forward-
looking statements and information contained in this news release
are made as of the date hereof and no undertaking is given to
update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events
or otherwise, unless so required by applicable securities laws. The
forward-looking statements or information contained in this news
release are expressly qualified by this cautionary statement.
NEITHER THE NEO EXCHANGE NOR ITS REGULATION
SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
NEO EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY
OF THIS RELEASE.
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