TORONTO (GLOBE NEWSWIRE), December 20, 2021 — FuelPositive Corporation (TSX.V, NHHH), (OTCQB, NHHHF) (FuelPositive Corporation or the Company) is proud to announce that Dr. Claudia Wagner-Riddle (University of Guelph) has been appointed the Company’s new Agriculture advisor. FuelPositives is a modular, scalable technology that produces green ammonia suitable for a wide range industries and applications. About 80% of grey or traditional ammonia is used in agriculture, primarily for fertilizer. FuelPositive is focusing its efforts on agriculture as the first sector to eliminate the exploitative and problematic grey ammonia supply chains.
We believe that the best way for us to deliver excellence is to hire great people to join our team. Dr. Wagner-Riddle is a great advisor to us as we build our green ammonia production system to help farmers reduce carbon footprints and manage their fertilizer and fuel supply. Her knowledge of the environmental impact of farming and the effects of climate change on farming has already helped us make the right decisions to maximize the benefit for farmers.
Dr. Claudia Wagner Riddle is a Professor at the School of Environmental Sciences (SES) University of Guelph in Canada. Claudia is originally from Brazil and holds degrees from the University of Sao Paulo as well as Guelph. Claudia leads an internationally-renowned research program utilizing the measurement of greenhouse gas emissions to determine the carbon footprint of food, feed and fuel produced by agriculture. Claudia is currently involved in several projects that examine how soil health impacts ecosystem services. This includes a $2 million infrastructure project that uses a large-scale soil weighing system. Claudia is a Fellow of the Soil Science Society of America and of American Meteorological Society. She is also the Editor-in Chief of the international journal Agricultural and Forest Meteorology and coordinates a national program for climate-smart land. Claudia was recently appointed Director for the North American chapter of the International Nitrogen Initiative. She was also awarded the 2020 IFA Borlaug Excellence in Crop Nutrition Award. Dr. Wagner – Riddle has published more 160 papers and has a h-index (Google Scholar) of 45.
You can find more information about Dr. Wagner, including her affiliations, awards, and honours, here. Here is a complete list.
FuelPositive, a young Canadian company with innovative technologies and products, is a pleasure to work with. We share the same passion for reducing our carbon footprint. I am thrilled that my experience will be of direct benefit to the FuelPositive team as they begin to market their green ammonia production system. Dr. Wagner Riddle stated that we aim to hear farmers concerns and work with FuelPositive in order to make sure farmers can adapt their farming practices so they can use the new technology. This could give farmers more control and certainty than ever before.
FuelPositive currently builds its first full-sized green nitrogen production units. It expects to launch several pilot projects in the real world throughout 2022. Dr. Wagner-Riddle assists the Company in identifying its first pilot project partners.
The first FuelPositive systems can produce 300 kilos (500 L) of green anhydrous nitrogen per day, or approximately 100 tonnes per year. Farms that require more ammonia can simply increase their production capacity. FuelPositives’ modular, portable and scalable green ammonia production units make this easy.
FuelPositiveis an innovative Canadian technology company at the growth stage. We are committed to providing sustainable, commercially viable, and economically viable cradle-to-cradle clean technology solutions for a wide range of industries and applications.
By focusing on technologies that are clean and economically advantageous/realizable, the Company aims to change the course of climate change through practical solutions that can be implemented now.
The Company’s core technology is a modular and scalable green-ammonia system that takes air, electricity, and water and makes it into a nonpolluting chemical suitable for multiple applications. This includes fertilizer for agriculture, fuel for internal combustion engines, as well as a solution for grid storage. As a key enabler for the hydrogen economy, green ammonia is being considered a replacement of fossil fuels.
The FuelPositive System has several key benefits:
- A stable, predictable, and highly competitive cost that’s significantly lower than current grey ammonia prices.
- Independence from the fluctuating supply chain for grey ammonia today.
- On-site production, utilization and recycling of a truly sustainable, green, carbon-free and environmentally-friendly form of ammonia.
- Farmers have the potential to not only use their own source for green ammonia as fertilizer but also to branch out and have their own source to burn fossil fuels when drying grain and using internal combustion engine equipment such as tractors or combines.
You can find the most recent corporate update for the company, which was presented in November, here.
The Company’s securities should not be traded as speculative. This information has not been approved by any securities commission, stock exchange or other regulatory authority. The adequacy and accuracy of this release is not the responsibility of the TSX Venture Exchange or its Regulation Services Provider, as that term is defined by the TSX Venture Exchange policies.
This news release contains forward-looking information (collectively, forward looking statements) that are based upon expectations, estimates, and projections as of the date of this newsrelease. Forward-looking statements include information about the Company’s future plans and objectives, including the anticipated expenditures of the proceeds from the private placement.
These forward-looking statements are based upon assumptions and estimates made by management at the time they were made. They involve known and unknown uncertainties, risks, and other factors that could cause actual results, performance, or achievements to differ materially from any future results or performance or achievements. Forward-looking statements are based on a variety of assumptions and estimates that, while considered reasonable by management at the time of such statements were made, are subject to significant business, competitive, and other uncertainties. These estimates and assumptions could prove to be incorrect.
Many of these uncertainties or contingencies could directly or indirectly impact, and cause, actual results to differ materially than those expressed or implied by forward-looking statements. Forward-looking information cannot be guaranteed to be accurate as actual results or future events may differ materially from those predicted.
Forward-looking information is provided to help you understand management’s plans and expectations for the future. Except as required by law, the Company disclaims any obligation to update or revise forward-looking statements or to explain any material differences between actual events and such forward looking information.
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