TORONTO, Oct. 24, 2022 (GLOBE NEWSWIRE) — Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (“AFCP” or the “Company”), a diversified funding platform growing reasonably priced, renewable, and dependable power property and cleantech, is happy to announce that the Canadian Hydrogen and Fuel Cell Association (“CHFCA”), a nationwide business affiliation centered on advancing the usage of clear hydrogen and gas cell applied sciences, has elected AFCP’s CEO, Frank Carnevale, to its Board of Directors, efficient October 13, 2022. AFCP joined the CHFCA as a Small Business Member in August of 2022.
Comprised of business, academia, analysis businesses and different stakeholders, CHFCA’s objective is to champion the Canadian hydrogen and gas cell sector as certainly one of many options designed to assist sort out the world’s most crucial power challenges. In addition, CHFCA focuses on arming companies, buyers, media, most of the people and different stakeholders with fulsome data concerning the alternative and potential for hydrogen and gas cells to play a key position within the power transition. The place and mandate of CHFCA are effectively aligned with AFCP’s personal mission to carry ‘PWWR to the People’ by means of our mixed warmth and energy (“CHP”) know-how that gives lowered emissions with improved power effectivity, whereas additionally concurrently growing hydrogen-powered micro-combined warmth and energy (“micro-CHP”) techniques together with off-grid and back-up energy turbines that includes zero CO2 emissions to assist meet world net-zero targets.
The CHFCA’s Board of Directors performs an lively position in offering its administration with valued oversight in addition to overseeing its monetary and governance insurance policies. In addition to his expertise serving as AFCP’s CEO, Mr. Carnevale brings intensive expertise with managing investments in cleantech and PropTech platforms, together with originating over $2.5 billion in transactions in power and utilities sectors. Taking on this place with the nationally acknowledged and extensively revered CHFCA serves to additional elevate AFCP’s place as a thought chief inside the hydrogen and gas cell sector.
“I am very excited to have the opportunity to contribute to the CHFCA’s esteemed Board of Directors, and be a positive driver of change in the energy space,” says Frank Carnevale, Chief Executive Officer of Alkaline Fuel Cell Power Corp. “I intend to use this opportunity to assist educating key stakeholders on the benefits of hydrogen and the use of stationary fuel cells for residential and small building applications. The energy transition is a necessary evolution to achieve the international target of net-zero by 2050, and ensuring that small energy customers have the best opportunities to have affordable, renewable and reliable power, is a critical component of success for customers and AFCP.”
About the Canadian Hydrogen and Fuel Cell Association (CHFCA)
The Canadian Hydrogen and Fuel Cell Association (CHFCA) is a nationwide affiliation that helps business, academia, authorities businesses, monetary organizations and different stakeholders centered on hydrogen and gas cell applied sciences and merchandise. As the collective voice of Canada’s world-leading hydrogen and gas cell sector, the CHFCA’s mission is to strengthen Canadian management, elevate consciousness of the advantages of the know-how, and speed up the adoption of its members’ services and products in Canada and overseas. The CHFCA at present has greater than 170 members throughout Canada and regional branches in British Columbia, Quebec and Ontario. You can even observe CHFCA on Twitter at @PoweringNow or go to www.chfca.ca for extra info.
ABOUT ALKALINE FUEL CELL POWER CORP. (NEO: PWWR)
AFCP is a diversified funding platform growing reasonably priced, renewable, and dependable power property and cleantech. We carry ‘Power to the People’ as we speak, combining a steady income stream with a future- ahead imaginative and prescient to commercialize our superior hydrogen gas cell know-how to satisfy the large world market want, and in the end generate compelling returns for buyers.
AFCP operates by means of two world entities: Fuel Cell Power NV, an entirely owned subsidiary in Belgium, and PWWR Flow Streams (“PWWR Flow”), an AFCP model in Canada.
- Fuel Cell Power NV is concentrated on the event, manufacturing and commercialization of micro- mixed warmth and energy (“micro-CHP”) techniques and off-grid and back-up energy turbines based mostly on superior alkaline gas cell know-how that generates zero CO2 emissions. Fuel Cell Power NV is working by means of milestones to ship a commercialized alkaline gas cell in 2024.
- PWWR Flow is concentrated on the event, possession and operations of mixed warmth and energy (“CHP”) property. PWWR Flow property ship effectivity enhancements of over 20% with lowered prices to clients in multi-residential and industrial purposes. PWWR Flow has contracted present CHP property in Toronto, Canada, and has a further pipeline of potential contracts valued at over $50 million at present in growth.
AFCP is effectively positioned to ship ‘Power to the People’ within the world power transition whereas providing a diversified cleantech development platform for buyers.
Further info is out there on the Company web site at https://www.fuelcellpower.com/, and the Company encourages buyers and different stakeholders to observe it on:
LinkedIn, Twitter, Facebook, Instagram and YouTube. Common shares are listed for buying and selling on the NEO underneath the image “PWWR”, the OTC Venture Exchange “OTCQB” underneath the image “ALKFF” and on the Frankfurt Exchange underneath image “77R” and “WKN A3CTYF”.
For additional info, please contact:
Frank Carnevale
Chief Executive Officer
+1 (647) 531-8264
[email protected]
Forward-Looking Information
This information launch incorporates forward-looking statements and forward-looking info inside the that means of relevant securities legal guidelines. These statements relate to future occasions or future efficiency. All statements different than statements of historic reality could be forward-looking statements or info. In sure circumstances, forward-looking statements can be recognized by the use of phrases such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “may”, “could”, “would”, “might”, “occur” or “achieve”. Forward-looking statements on this information launch could embody, however are usually not restricted to, the Warrant Amendments and timelines related therewith, the Option Amendments and timelines related therewith, the Special Meeting, statements with respect to the Company’s know-how, mental property, business plan, aims and technique.
Forward-looking statements and info are offered for the function of offering info concerning the present expectations and plans of administration of the Company referring to the longer term. Readers are cautioned that reliance on such statements and data is probably not applicable for different functions, resembling making funding choices. Since forward-looking statements and data deal with future occasions and circumstances, by their very nature they contain inherent dangers and uncertainties. Actual outcomes may differ materially from these at present anticipated due to a variety of elements and dangers. Accordingly, readers ought to not place undue reliance on the forward-looking statements and info contained on this information launch. Readers are cautioned that the foregoing record of things is just not exhaustive. The forward-looking statements and info contained in this information launch are made as of the date hereof and no endeavor is given to replace publicly or revise any forward-looking statements or info, whether or not as a end result of new info, future occasions or in any other case, until so required by relevant securities legal guidelines. The forward-looking statements or info contained on this information launch are expressly certified by this cautionary assertion.
NEITHER THE NEO EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE NEO EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
