Fuel - Positive presence at the HC Wainwright World Investment Conference - Benzinga - Benzinga

Fuel – Positive presence at the HC Wainwright World Investment Conference – Benzinga – Benzinga

TORONTO, May 26, 2022 (The Globe Newswire) – FuelPositive Corporation (TSX.V: NHHH) NHHHF (“The Company”) addressed attendees at the HC Wainwright Global Investment Conference held in Miami on May 25, 2022. Chief Operating Officer Nelson Light gave a corporate update to conference attendees, and met with a series of registered investors. The green ammonia production system packaged in Vyulpositive containers was the main focus of the presentation.

“We love these conferences because they give us a chance to showcase our technology and learn from investors about what matters to them. Our timing to market is the deciding factor at the moment. We are still on track to have our first fully validated beta system ready for launch by late summer 2022.” By “fully validated,” we mean that we have verified the purity of the green ammonia produced by the system, as well as its energy consumption and production rate.”

The company has a specific program to verify its technology. Each validation is performed following a standard process of iteration and replication (R&R scale), which includes three different tests performed by three different sources. The sources are FuelPositive, an institution like a university and an accredited private professional laboratory. “This process is what our investors and customers expect, so they know they can trust any claims we make,” Light added.

FuelPositive will also verify the operating costs it first projected in November 2021, and price them for its first customers, who will be farmers. They will use FuelPositive Systems to produce green ammonia on their farms, use it as fertilizer for their crops and eventually as fuel for farm equipment. “It’s safe to say that our pricing would save farmers dollars and our systems would give them control of the supply. We’ve known all along that our green ammonia should be priced lower than gray ammonia, which has become prohibitively expensive for many farmers,” he said. lite. To view the November 18, 2021 news release about the initial cost model, follow this link: https://fuelpositive.com/november-2021-corporate-update/

FuelPositive’s full conference title has been videotaped and will be available soon.

ABOUT FUELPOSIVIET

FuelPositive is a Canadian technology company committed to providing commercially viable and sustainable “cradle-to-cradle” clean technology solutions, including a containerized green ammonia (NH3) production system for use across a wide range of industries and applications. With a focus on clean, sustainable and economically beneficial/achievable technologies, the company aims to change the trajectory of climate change with practical solutions that can be implemented in the short term.

The FuelPositive Green Production System takes sustainable ammonia air, water and electricity and turns it into pure anhydrous ammonia for multiple applications, including fertilizer for agriculture and fuel for drying grain and internal combustion engines, and is a viable alternative to fuel cells and a solution to grid storage. Green ammonia is also a major enabler of the hydrogen economy.

FuelPositive systems are designed to provide on-site green ammonia production when needed. This eliminates the extreme volatility of supply chains and provides the end user with energy and supply security.

FuelPositive has already proven in the lab that it is building three full-size systems to be rolled out to pilot pilot projects in 2022.

cautionary statement

Trading in the company’s securities should be considered highly speculative. No stock exchange, Securities Commission or any other regulatory authority has approved or rejected the information contained herein. Neither TSX Venture Exchange nor the Regulatory Services Provider (as defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.

forward-looking statements

This press release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) that are based on expectations, estimates and projections at the date of this press release. Information in this release about the company’s future plans and goals, including expected expenditures from the proceeds of the private placement, are forward-looking statements.

These forward-looking statements are based on the assumptions and estimates of the Company’s management at the time they were made and include known and unknown risks, uncertainties and other factors that could cause the Company’s actual results, performance or achievements to differ. from any future results, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions which, while considered reasonable by the Company as of the time these statements are made, are inherently subject to significant economic and competitive uncertainties and contingencies. These estimates and assumptions may be incorrect.

Many uncertainties and contingencies can affect them directly or indirectly, and could cause actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no guarantee that forward-looking information will prove to be accurate, as actual results and future events may differ materially from those projected in such statements.

Forward-looking information is provided for the purpose of providing information about management’s expectations and plans regarding the future. The Company disclaims any intention or obligation to update or revise any forward-looking information or to clarify any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.

For media or investor inquiries, please contact:

Ian Clifford
CEO and Chairman of the Board of Directors
mailbox1@fuelpositive.com
www.fuelpositive.com

Jennifer Spencer
Communications Manager
jennifer@fuelpositive.com
www.fuelpositive.com

Investor Relations (USA)
RBMG – RB Milestone Group LLC
Trevor Brocato, Managing Director
Fuelpositive@rbmilestone.com
www.rbmilestone.com


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