REPEAT -- PowerTap Subsidiary AES-100 Inc. Accelerates Development and Commercialization of Green Hydrogen Technology with Appointment of Channce Fuller as President & Chief Executive Officer
January 17 2022 - 7:30AM
PowerTap Hydrogen Capital Corp (NEO: MOVE) (FWB: 2K6B)
(OTC: MOTNF) (“PowerTap” or the “Company” or “MOVE”) is
pleased to announce the appointment of Channce Fuller as President
and Chief Executive Officer of its 49 percent owned subsidiary
AES-100 Inc.
Mr. Fuller brings diverse experience in
executive leadership, operations, marketing/sales, and business
development. Most recently, Mr. Fuller was Vice President, Western
Canada for Terrapure Environmental (a subsidiary of GFL
Environmental). He was directly accountable for the planning and
performance of day-to-day operations with leadership accountability
for developing multi-year strategies, business plans and the
achievement of financial goals/objectives while driving
improvements in EH&S and other supporting functional areas.
Prior to this, Mr. Fuller worked in the
Agriculture and Chemicals industry at Nutrien (NYSE:NTR; TSX:NTR),
the world’s largest fertilizer producer and crop retailer. During
his tenure at Nutrien, he worked in technical engineering, process
safety, corporate development and global strategy development.
Mr. Fuller holds a Master of Business
Administration from Harvard Business School as well as a Bachelor’s
Degree in Chemical Engineering (with Great Distinction) from the
University of Saskatchewan. He is also a Professional Engineer
registered with the Association of Professional Engineers and
Geoscientists of Alberta.
Channce joins AES-100 Inc. to lead the
accelerated development of its transformational green hydrogen
technology. Channce will bring a unique blend of technical and
business development acumen that strengthens the company’s ability
to execute.
As the Company continues to shape a vision
focused on clean energy, Mr. Fuller’s appointment brings new
executional operations and commercialization expertise, adding
bench strength directly in the areas associated with the expedited
development timelines needed to capitalize on the multi-billion
dollar clean energy market.
ABOUT POWERTAP HYDROGEN CAPITAL CORP.
PowerTap Hydrogen Capital Corp., through its
wholly owned subsidiary, PowerTap Hydrogen Fueling Corp.
(“PowerTap”), is focused on installing hydrogen production and
dispensing fueling infrastructure in the United States. PowerTap’s
patented solution has been developed over 20 years. PowerTap is now
commercializing its third-generation blue hydrogen product that
will focus on the refueling needs of the automotive and long-haul
trucking markets that lack hydrogen fueling infrastructure. There
are currently under 100 operational publicly available hydrogen
stations in the United States with most of the existing stations
purchasing industrial hydrogen from industrial manufacturers and
shipping hydrogen to individual stations via tanker
trucks.www.PowerTapcapital.com www.PowerTapfuels.com
PowerTap Hydrogen common shares are listed on
the NEO Exchange. Please visit the company's profile on the NEO
Exchange website at
https://www.neo.inc/en/live/security-activity/MOVE#!/market-depth.
Investor Contact:Tyler Troup, Circadian Group IR
MOVE@circadian-group.com
PowerTap Contact:Raghu Kilambiraghu@hydrogenfueling.co+1 (604)
687-2038
NEITHER THE NEO EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER
HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY
OF THIS RELEASE.
This press release contains "forward-looking
statements" or "forward-looking information" (collectively referred
to herein as "forward-looking statements") within the meaning of
applicable securities legislation. Such forward-looking statements
include, without limitation, forecasts, estimates, expectations,
and objectives for future operations that are subject to a number
of assumptions, risks and uncertainties, many of which are beyond
the control of PowerTap and AES. Some assumptions include, without
limitation, t statements regarding AES; the AES technology; the
global addressable market for hydrogen; the effectiveness and
timelines to deploy the AES home power unit; reduction of risk for
industrial applications of the AES technology; the renewable
energies sector and the Company’s future plans. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur or be
achieved. This press release contains forward-looking statements
pertaining to, among other things, the timing and ability of the
Company to complete any potential investments or acquisitions, if
at all, and the timing thereof. Forward-looking information is
based on current expectations, estimates and projections that
involve a number of risks, which could cause actual results to vary
and, in some instances, to differ materially from those anticipated
by the Company and described in the forward-looking information
contained in this press release.
Although the Company believes that the material
factors, expectations, and assumptions expressed in such
forward-looking statements are reasonable based on information
available to it on the date such statements were made, no
assurances can be given as to future results, levels of activity
and achievements and such statements are not guarantees of future
performance.
The forward-looking information contained in
this release is expressly qualified by the foregoing cautionary
statements and is made as of the date of this release. Except as
may be required by applicable securities laws, the Company does not
undertake any obligation to publicly update or revise any
forward-looking information to reflect events or circumstances
after the date of this release or to reflect the occurrence of
unanticipated events, whether as a result of new information,
future events or results, or otherwise.
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