PowerTap (NEO: MOVE) (OTC: MOTNF) (FWB: 2K6) today announced that it has acquired 49% of AES-100 Inc. According to the update, AES-100 is the owner of exclusive rights and all intellectual property pertaining to the Advanced Electrolyzer System (“AES”), a novel electrochemical technology that selectively recovers high purity hydrogen from dilute syngas streams. “PowerTap’s hydrogen production technology and the advanced electrolyzer technology have great synergy,” said PowerTap CEO Raghu Kilambi. “Their integration offers a highly competitive modular system for on-site hydrogen production for the emerging multibillion-dollar fuel cell industry. This strategic move assures rapid deployment of our hydrogen refueling stations worldwide, creating attractive value for our shareholders.”
To view the full press release, visit https://ibn.fm/jpXcw
About PowerTap Hydrogen Capital Corp.
PowerTap Hydrogen Capital, 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. PowerTap Hydrogen common shares are listed on the NEO Exchange. Please visit the company’s profile on the NEO Exchange website at www.neo.inc/en/live/security-activity/MOVE#!/market-depth.
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF
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