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Regarding today's Pr where "imminent on-farm launch" is stated. The April 15th guidance for on-farm delivery has not changed. (As confirmed via correspondence)
NEWS -- FuelPositive names Counsel Public Affairs as Communications and Marketing Agency of Record
WINNIPEG, Manitoba and WATERLOO, Ontario, March 20, 2024 (GLOBE NEWSWIRE) -- FuelPositive Corporation, a leading Green Ammonia Company (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company” or “FuelPositive”) is pleased to announce Counsel Public Affairs (Counsel) as its communications and marketing Agency of Record, following a thorough search announced in a news release dated February 6, 2024.
Luna Clifford, Chief Impact Officer at FuelPositive, commented on this new partnership: "We are thrilled to welcome Counsel Public Affairs as our newly appointed agency of record. Under the dynamic leadership of Logan Ross, Senior Vice President of Communications and Campaigns, Counsel’s team possesses a targeted understanding of our technology and audiences. After an extensive search, we firmly believe Counsel is the ideal strategic choice to meet FuelPositive's expanding communications and marketing needs.”
Clifford continued: "With FuelPositive's strategic focus on sales and manufacturing in Canada and Manitoba; we actively pursued an agency equipped with comprehensive knowledge of these markets and having a long track record of supporting clients in the green energy and the AgTech sector. Counsel is strategically positioned to capitalize on increasing government support and awareness at provincial, federal, and global levels. Their deep understanding of government policies and programs will help us effectively leverage strategic opportunities.”
Logan Ross, Senior Vice President of Communications and Campaigns at Counsel Public Affairs shared her enthusiasm for the partnership, “We are thrilled to be named FuelPositive’s Agency of Record for communications and marketing services. We have a long history of helping clients to succeed in the green energy and agriculture sectors. FuelPositive’s technology has the potential to transform the green economy in this country; we can’t wait to help them tell their story in Manitoba and beyond.”
Ian Clifford, FuelPositive CEO and Board Chair, highlighted the significance of the partnership: "Choosing our strategic communications and marketing agency marks a pivotal moment as we gear up for the imminent on-farm launch of our inaugural system in Manitoba with a worldwide audience eagerly awaiting this milestone for the Company, we set our sights on nothing short of excellence in agency selection to help steer FuelPositive through this transformative phase. We foresee a successful collaboration with Counsel, echoing their excitement for the journey ahead."
Counsel will also provide FuelPositive with investor relations communications support. The engagement will be for an initial twelve-month term ending on March 14, 2025, during which time Counsel will receive a monthly retainer*. In addition, Counsel will also be entitled to receive a one-time grant of 1,200,000 incentive stock options (the “Options”) exercisable at a price of $0.05 for a period of sixty months. The Options will vest in four equal parts over twelve months with the first part vesting after three months.
About Counsel Public Affairs
Counsel is Canada’s most effective public affairs firm, specializing in government relations, strategic communications, and integrated campaigns.
Established in 2004, Counsel is a national firm with over 40 consultants in Victoria, Vancouver, Calgary, Edmonton, Regina, Winnipeg, Toronto, and Ottawa.
Counsel’s team has decades of experience and includes senior individuals who have quarterbacked national political campaigns, run provincial war rooms, written winning platforms, served as Cabinet Ministers, led First Nations, held executive roles in major corporations, and most importantly, helped hundreds of clients succeed.
About FuelPositive Corporation
FuelPositive Corporation is at the forefront of Canadian technology and is committed to delivering sustainable, environmentally responsible Green Ammonia solutions. Our innovative approach includes on-farm/on-site, containerized Green Ammonia production systems, effectively eliminating carbon emissions.
Our commercial Green Ammonia systems are versatile and serve multiple applications, including fertilizer for farming, fuel for grain drying, internal combustion engines, and hydrogen storage for fuel cells and other sectors.
Our main customer base consists of farmers, who currently utilize 80% of the global ammonia production. We address their nitrogen fertilizer needs while advocating for environmental change.
Our Canadian company leverages Canada’s expertise in technology and environmental stewardship to empower communities worldwide against food insecurity. We’re shaping a more resilient future for generations through collaboration and innovation.
FuelPositive: Fuel for a Mindful World.
See 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 in the USA on the OTCQB under the symbol NHHHF.
For further information, please contact:
Ian Clifford
Chief Executive Officer and Board Chair
mailto://Ian@fuelpositive.com
Tel: 416.535.8395
https://www.fuelpositive.com
Logan Ross
Senior Vice President, Communications & Campaigns
Counsel Public Affairs, Inc.
mailto://lross@counselpa.com
Tel: 204.720.3662
https://www.counselpa.com
Investor Relations United States & International:
RB Milestone Group (RBMG)
mailto://fuelpositive@rbmilestone.com
Investor Relations Canada:
Transcend Capital Inc.
mailto://et@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.
*Counsel Public Affairs will be compensated a professional fee of $60,000.00 plus applicable taxes and disbursements for the 12-month term, which is payable monthly.
NEWS -- FuelPositive Announces Closing of Non-Brokered Private Placement
WATERLOO, Ontario, Feb. 09, 2024 (GLOBE NEWSWIRE) -- FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company”) is pleased to announce that it has closed a final tranche of its non-brokered private placement (the “Offering”) and has issued 9,961,909 units (each, a “Unit”) at a price of $0.055 per Unit, for aggregate gross proceeds of $547,905. Each Unit consists of one common share of the Company and one common share purchase warrant (each, a “Warrant”) allowing holders to purchase an additional common share at a price of $0.07 until February 9, 2029.
When combined with the first tranche of the Offering, the Company has raised gross proceeds of $1,897,905 through the issuance of 34,507,363 Units. The net proceeds from the Offering will be utilized for general working capital purposes.
In connection with closing of the final tranche of the Offering, the Company issued 525,000 Warrants and paid $28,875 to certain arms-length parties who assisted in introducing subscribers to the Offering. All securities issued in the final tranche of the Offering are subject to a statutory hold period until June 10, 2024, in accordance with applicable securities laws.
About FuelPositive Corporation
FuelPositive Corporation is at the forefront of Canadian technology and is committed to delivering sustainable, environmentally responsible Green Ammonia solutions. Our innovative approach includes on-farm/on-site, containerized Green Ammonia production systems, effectively eliminating carbon emissions.
Our commercial Green Ammonia systems are versatile, serving multiple applications, including fertilizer for farming, fuel for grain drying, internal combustion engines, and hydrogen storage for fuel cells and other sectors.
Our main customer base consists of farmers, who currently utilize 80% of the global ammonia production. We address their nitrogen fertilizer needs while advocating for environmental change.
Our Canadian company leverages Canada’s expertise in technology and environmental stewardship to empower communities worldwide against food insecurity. We’re shaping a more resilient future for generations through collaboration and innovation.
FuelPositive: Fuel for a Mindful World.
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 Clifford
Chief Executive Officer and Board Chair
mailto://Ian@fuelpositive.com
https://www.fuelpositive.com
Investor Relations United States & International:
RB Milestone Group (RBMG)
mailto://fuelpositive@rbmilestone.com
Investor Relations Canada:
Transcend Capital Inc.
mailto://et@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 the expected expenditures of the proceeds of the private placement, 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.
We are due for some share price appreciation.
This is a very positive Pr IMO even though the market is not reacting that way. Turnaround coming soon IMO.
NEWS -- FuelPositive Accelerating Toward Sustainable Solutions
WATERLOO, Ontario, Feb. 06, 2024 (GLOBE NEWSWIRE) -- FuelPositive Corporation, a leading Green Ammonia Company (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company” or “FuelPositive”) provides updates on recent achievements, new initiatives, and completion of financing.
Government Spotlight:
FuelPositive's year got off to a great start with an impactful visit from the Federal Minister of Agriculture, the Honorable Lawrence MacAulay, and two local Members of Parliament, the Honorable Bardish Chagger and MP Tim Louis, at its Northland facility, which was a landmark and celebratory event for the young company. The Minister of Agriculture and the MPs engaged directly with FuelPositive’s team.
Minister MacAulay, an experienced potato farmer from Charlottetown, PEI, understands the challenges Canadian farmers face: the pressure from fluctuating fertilizer prices and supply, the effects of climate change, and the rising demand to sustain a growing population.
Ongoing dialogue and additional minister/government officials' visits are scheduled to explore further avenues of support for the company's rapid growth.
Jeanne Milne, FuelPositive’s Senior Government Relations Advisor, remarked, "Witnessing the FuelPositive team's pride in presenting our groundbreaking technology at our Research and Development Facility at 99 Northland was truly inspiring. Government officials recognized the pivotal role this technology can play in transforming the agricultural sector."
FP300 “On-Farm” Readiness:
FuelPositive remains on track to deliver its first commercial system in early Spring 2024. Due to additional safety verification steps, the updated delivery date is now April 15th.
The company announces the introduction of a Performance Guarantee on operating costs (OPEX) and production output for the trailblazing early adopters of FuelPositive technology.
The first FP300 system has officially been moved to FuelPositive's new 15,000-square-foot manufacturing facility for the Factory Acceptance Test (FAT). The FAT is the final approval step before delivery and on-farm installation.
FuelPositive has invited the Hieberts and other customer-farmers to visit its facilities throughout March 2024. The Hieberts will complete their Factory Acceptance Test and receive training on their initial FP300 system.
Other interested customers will have a firsthand look at FuelPositive’s proprietary technology as they make their final purchase commitments.
Nelson Leite, COO of FuelPositive, announced, "We've relocated the FP300 to our new manufacturing facility. In the next few weeks, we'll focus on finalizing commissioning, optimization, and safety checks for on-farm deployment in Manitoba. We’re looking forward to hosting some select customers to the facility throughout March and welcoming the Hieberts for their Factory Acceptance Testing and related training.”
Marketing and Sales:
FuelPositive is in the final stages of selecting Public and Media Relations firms, with the announcement expected by the end of February.
Ian Clifford, FuelPositive’s CEO, stated, "We are selecting the most strategic media and public relations suppliers with a targeted understanding of our technology and audiences. We will announce our decision shortly."
The company focuses its initial sales efforts in Manitoba, Canada, capitalizing on the green grid, numerous qualifying farmers, and strong government support. Ian Clifford emphasized, "With these advantages, many Manitoba farmers will directly benefit from our fertilizer and fuel solutions."
FuelPositive is also focusing on commercializing the FP1500 system in response to global inquiries from farms 10,000 acres and larger. This system produces 500 metric tonnes of Green Ammonia annually, five times more than the FP300, while maintaining a similar footprint and offering a more cost-effective rate per tonne.
People and Culture:
As part of its strategic expansion, the Company has recruited its first Director of Sales, who will join the team this month. In the last two months, FuelPositive welcomed a Controller, a Senior Purchaser, an Engineer of Record, and a Senior Electrical Engineer to the team. These key hires and promotions from within the organization will support the Company in achieving its ambitious goals.
Cheryl Allen, Director of Human Resources at FuelPositive, remarked, "Leading the crucial task of sourcing and recommending new team members has been an honour and pleasure for me. As we expand into a prominent green technology and manufacturing entity, I look forward to continuing my leadership role in supporting our growth journey."
Sector Recognition:
FuelPositive is proud to announce that it has been selected as an International Industry Innovation Leader and a “Living Lab” by NICCEE (the Global Nitrogen Innovation Center for Clean Energy and the Environment). “NICCEE … involves collaborators from eight countries: academia, NGOs, international organizations, government agencies, and private companies. These partnerships offer complementary expertise and present a diverse portfolio of opportunities to investigate the emerging challenges and possibilities of Green Ammonia technologies.”
FuelPositive's FP300, addressing nitrogen-related pollution, is referenced as a "living lab" for its innovative use of Green Ammonia. This sector recognition aligns with FuelPositive's ongoing efforts to reduce agricultural and fuel-switching nitrogen-related emissions.
Luna Clifford, FuelPositive’s Chief Impact Officer, stated, “NICCEE recognition highlights our innovative technology and commitment to responsible Green Ammonia use, showcasing FuelPositive's holistic approach to mitigating and eliminating all agricultural greenhouse gas emissions. The work that NICCEE is doing is vital to addressing one of the planet's most volatile greenhouse gas emissions. It is a critical and timely undertaking.”
Carbon Credits:
FuelPositive is developing a cutting-edge method to collect carbon credits in real-time while also focusing on the emission-free combustion of Green Ammonia.
This monetization method will be linked to real-time trading platforms, allowing FuelPositive to help offset its customer’s operational and capital costs. The company aims to help farmers profit from producing Green Ammonia on their farms faster.
Andre Mech, FuelPositive’s Advisor for Carbon Credits and Emissions Reduction, stated, "FuelPositive’s Green Ammonia production system is an excellent example of what carbon credit legislation aims to promote. With zero emissions across Scope 1, 2, and 3, a decentralized on-farm system from FuelPositive will maximize carbon credit value within any jurisdiction."
Finances:
FuelPositive has secured an additional $550,000 in the final tranche of its current financing, which is expected to close in the next several days. This brings the total raised in this placement to $1,900,000.
Despite prevailing global challenges in the public markets, FuelPositive remains resilient. This financing will give the company essential funding for final testing, intellectual property advancements, and growth plans.
Ian Clifford, FuelPositive’s CEO, stated, "Our transition to revenue is imminent. We've invested considerable time to reach this point and are deeply grateful for the patience and support of our stakeholders. As we defy skeptics, break new ground, and establish a whole new sector, we recognize the unprecedented position we hold today. Our journey owes much to the trust and confidence of both new and long-standing investors and shareholders. We’re looking forward to our upcoming successes and sharing the rewards with our shareholders."
About FuelPositive Corporation
FuelPositive Corporation is at the forefront of Canadian technology and is committed to delivering sustainable, environmentally responsible Green Ammonia solutions. Our innovative approach includes on-farm/on-site, containerized Green Ammonia production systems, effectively eliminating carbon emissions.
Our commercial Green Ammonia systems are versatile, serving multiple applications, including fertilizer for farming, fuel for grain drying, internal combustion engines, and hydrogen storage for fuel cells and other sectors.
Our main customer base consists of farmers, who currently utilize 80% of the global ammonia production. We address their nitrogen fertilizer needs while advocating for environmental change.
Our Canadian company leverages Canada's expertise in technology and environmental stewardship to empower communities worldwide against food insecurity. We're shaping a more resilient future for generations through collaboration and innovation.
FuelPositive: Fuel for a Mindful World.
See 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 in the USA on the OTCQB under the symbol NHHHF.
For further information, please contact:
Ian Clifford
Chief Executive Officer and Board Chair
mailto://investors@fuelpositive.com
Tel: 416.535.8395
https://www.fuelpositive.com
Investor Relations United States & International:
RB Milestone Group (RBMG)
mailto://fuelpositive@rbmilestone.com
Investor Relations Canada:
Transcend Capital Inc.
mailto://et@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.
NEWS -- FuelPositive Joins the Canadian Hydrogen and Fuel Cell Association and Sets Completion Date for Non-Brokered Private Placement
WATERLOO, Ontario, Jan. 08, 2024 (GLOBE NEWSWIRE) -- FuelPositive Corporation, a leading Green Ammonia Company (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company” or “FuelPositive”) announces that it has joined the Canadian Hydrogen and Fuel Cell Association (CHFCA).
“We are pleased to welcome Fuel Positive to the CHFCA as a start-up member. With deep knowledge of the green ammonia and agricultural space, FuelPositive’s initiatives will be a key driver in the industry. We eagerly anticipate supporting FuelPositive’s industry growth and influence,” said Ivette Vera-Perez, CEO of CHFCA.
Nelson Leite, Chief Operating Officer and Board Member of FuelPositive, stated, “Farmers use 80% of the traditional, highly polluting, grey ammonia produced today, and ammonia is a critical chemical in many other sectors. The possibility of producing Green Ammonia on-site for nitrogen fertilizers, fuel-switching, and water purification – with no carbon emissions – is drawing attention globally. It can replace the grey ammonia in virtually all the traditional sectors, significantly reducing carbon emissions worldwide.”
Leite continued, “On-site Green Hydrogen production is a key component of our system. FuelPositive is excited to join the CHFCA to bring us closer to the greatest minds focused on Canadian Green Hydrogen technologies!”
Ian Clifford, FuelPositive’s Chief Executive Officer and Chair, stated, “We are very excited to partner with Canadian Green Hydrogen manufacturers and innovators through the CHFCA. FuelPositive is testing and accessing Green Hydrogen technologies worldwide for our systems. Teaming up with Canadian technology companies and supporting the Canadian economy as we build our Green Ammonia solutions aligns with our mission as a Company.”
About the Canadian Hydrogen and Fuel Cell Association (CHFCA)
The Canadian Hydrogen and Fuel Cell Association (CHFCA) is a national association that supports industry, academia, government agencies, financial organizations, and other stakeholders focused on hydrogen and fuel cell technologies and products. As the collective voice of Canada’s world-leading hydrogen and fuel cell sector, the CHFCA’s mission is to strengthen Canadian leadership, raise awareness of the benefits of the technology, and accelerate the adoption of its members’ products and services in Canada and abroad. The CHFCA currently has more than 170 members across Canada and regional branches in British Columbia, Quebec and Ontario. You can visit www.chfca.ca for more information.
FuelPositive Sets Completion Date for Non-Brokered Private Placement
The Company has set the deadline for completing its ongoing non-brokered private placement (the “Offering”) for January 31, 2024. The Offering consists of up to 90,909,090 units (each a “Unit”) at a price of $0.055 per Unit. Each Unit consists of one common share of the Company and one common share purchase warrant allowing holders to purchase an additional common share at a price of $0.07 for a period of sixty months.
On December 15, 2023, the Company completed an initial tranche of the Offering and issued 24,545,454 Units for aggregate gross proceeds of $1,350,000.
All securities issued in connection with the Offering are subject to restrictions on resale for a period of four months and one day in accordance with applicable securities laws. The Company will pay finders’ fees to eligible third parties who have assisted in introducing subscribers to the Offering. The net proceeds from the Offering will be utilized for general working capital purposes.
About FuelPositive Corporation
FuelPositive is a Canadian technology company that delivers economical and sustainable clean technology solutions. FuelPositive strives to ensure that the 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 Clifford
Chief Executive Officer and Board Chair
mailto://ian@fuelpositive.com
Tel: 416.535.8395
https://www.fuelpositive.com
Investor Relations United States & International:
RB Milestone Group (RBMG)
mailto://fuelpositive@rbmilestone.com
Investor Relations Canada:
Transcend Capital Inc.
mailto://et@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.
NEWS -- FuelPositive Update: 2023's Milestones Achieved - 2024 Path Forward. Additional Capital Secured
WATERLOO, Ontario, Dec. 15, 2023 (GLOBE NEWSWIRE) -- FuelPositive Corporation, a leading Green Ammonia company, (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company” or “FuelPositive”) provides a recap of 2023 Milestones Achieved, Highlights for 2024, as well as details on securing further financing and the closing of the First Tranche of $1,350,000, in an active private placement.
The ammonia industry is currently one of the world's most polluting sectors. Grey ammonia production depends on fossil fuels and follows the oil industry as one of the most carbon-intensive processes.
Grey ammonia is produced in massive, complicated, centralized plants and must be transported worldwide to the end-user through complex and polluting distribution networks. 80% of ammonia is used today as essential nitrogen fertilizer on farms. In light of global conflict, climate change and shifting politics, this antiquated mode of grey ammonia production and distribution is unsustainable, which creates uncertainty in supply and price for the end-user, mainly farmers.
FuelPositive's patent-pending, 3rd party validated breakthrough technology supports farmers' independence and needed change. The Company’s modular, containerized, Green Ammonia on-site system enables farmers to produce their own fertilizer and fuel, simply powered by green electricity. This decentralized solution is scalable and provides farmers with price and supply certainty.
By producing Green Ammonia on site, FuelPositive customers eliminate up to 4 tonnes of CO2e emissions per tonne of Green Ammonia produced!
In short, FuelPositive technology has the potential to create a lasting positive impact on farmer's health and finances and ultimately, on global food security.
2023 Summary:
First System Milestones:
It appears that there is also a big short on the Canadian Market. If you look at every trading day for the past six+ months after a Pr comes out the mms dropped the SP on small trades and not small tick but a ridiculous drop. It happened yesterday. IMO the short list shows that with every day except one, upwards of 80% to 90% volume short there is no way that the short was covered. Verified per OTC short report.
I'm also holding and feeling better knowing whats been going on.
NEWS -- FuelPositive Update: The First On-Farm Green Ammonia System
WATERLOO, Ontario, Dec. 05, 2023 (GLOBE NEWSWIRE) -- 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 Clifford
Chief Executive Officer and Board Chair
mailto://Ian@fuelpositive.com
Tel: 416.535.8395
https://www.fuelpositive.com
Investor Relations United States & International:
RB Milestone Group (RBMG)
mailto://fuelpositive@rbmilestone.com
Investor Relations Canada:
Transcend Capital
mailto://et@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.
Somebody likes $NHHHF. 45,110 shares slapped at the ask.
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