REPEAT -- PowerTap Participates in California Hydrogen Leadership Summit
June 21 2022 - 7:00AM
PowerTap Hydrogen Capital Corp (NEO: MOVE) (FWB: 2K6B)
(OTC: MOTNF) (“PowerTap” or the “Company” or “MOVE”) is
pleased to provide an update on its continued efforts in California
and recent participation in the California Hydrogen Leadership
Summit (CHLS) in Sacramento, California in early June 2022.
In early June 2022, the California Hydrogen
Business Council held the CHLS with PowerTap Hydrogen Fueling Corp.
sponsoring, participating and moderating an industry panel.
Participation was strong with over 550 registrants, including
representatives from the transportation, power and heavy industry
sectors, utility companies, and vendors from across and beyond the
hydrogen industry. A key audience for the summit was California
policy makers and regulators and focused on exploring the policies,
programs and incentives needed to accelerate production, use,
and storage of hydrogen, essential to California’s ability to meet
emissions goals and address climate protection, air quality, energy
resilience and sustainable economic growth needs. With a primary
intent of educating California policy makers and regulators on the
accelerating the hydrogen industry in the state, significant
takeaway from the summit was that collaboration between market
participants will solidify the hydrogen industry toward complete
decarbonization in California and state and federal incentives will
enable winners with standout cost effective technology and business
models to emerge and make significant strides to establishing the
industry.
PowerTap Hydrogen Fueling Corp. President, Salim
Rahemtulla, moderated a panel entitled “Building a Hydrogen Fueling
Network that Fuels the Gaps in California’s Transportation
Decarbonization and Air Quality Goals” that included panelists from
Nikola Corporation (NASDAQ: NKLA), Ballard (NASDAQ: BLDP), Chevron
(NYSE: CVX) and Trillium (of the Love’s Family of Companies). The
discussion points of the panel clearly identified that
collaboration is necessary across hydrogen industry verticals from
fuel-cell electric truck and bus OEMs to hydrogen producers and
fueling station developers.
ABOUT POWERTAP HYDROGEN CAPITAL
CORP.
PowerTap Hydrogen Capital Corp., 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.www.PowerTapcapital.com www.PowerTapfuels.com
PowerTap Hydrogen common shares are listed on
the NEO Exchange. Please visit the company's profile on the NEO
Exchange website at
https://www.neo.inc/en/live/security-activity/MOVE#!/market-depth.
Investor Contact:Tyler TroupCircadian Group
IRMOVE@circadian-group.com
PowerTap Contact:Raghu
Kilambiraghu@hydrogenfueling.co+1 (604) 687-2038
NEITHER THE NEO EXCHANGE NOR ITS REGULATIONS
SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
This press release contains "forward-looking
statements" or "forward-looking information" (collectively referred
to herein as "forward-looking statements") within the meaning of
applicable securities legislation. Such forward-looking statements
include, without limitation, forecasts, estimates, expectations,
and objectives for future operations that are subject to a number
of assumptions, risks and uncertainties, many of which are beyond
the control of PowerTap. Some assumptions include, without
limitation, the timing of and likelihood of the success of the
zoning application; the timing for the completion of the MHPDU
prototype; the availability of the supply of RNG; the global
addressable market for hydrogen; the renewable energies sector and
the Company’s future plans. Forward-looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur or be achieved. This press release
contains forward-looking statements pertaining to, among other
things, the timing and ability of the Company to complete any
potential investments or acquisitions, if at all, and the timing
thereof. Forward-looking information is based on current
expectations, estimates and projections that involve a number of
risks, which could cause actual results to vary and, in some
instances, to differ materially from those anticipated by the
Company and described in the forward-looking information contained
in this press release.
Although the Company believes that the material
factors, expectations, and assumptions expressed in such
forward-looking statements are reasonable based on information
available to it on the date such statements were made, no
assurances can be given as to future results, levels of activity
and achievements and such statements are not guarantees of future
performance.
The forward-looking information contained in
this release is expressly qualified by the foregoing cautionary
statements and is made as of the date of this release. Except as
may be required by applicable securities laws, the Company does not
undertake any obligation to publicly update or revise any
forward-looking information to reflect events or circumstances
after the date of this release or to reflect the occurrence of
unanticipated events, whether as a result of new information,
future events or results, or otherwise.
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