Clean Power Capital Corp. (CSE: MOVE)(FWB: 2K6)(OTC:
MOTNF) (“Clean Power” or the
“Company” or
"MOVE"). The Company
is pleased to appoint Mr. Greg Nuttall to the advisory board of
PowerTap Hydrogen Fueling Corp. (“PowerTap”), its 90 percent owned
subsidiary.
Mr. Nuttall is one of the founding CEO’s of the
world’s first waste-to-fuel company. As CEO of Toronto-based
Woodland Biofuels (www.woodlandbiofuels.com) (“Woodland”), Mr.
Nuttall has taken Woodland’s ground breaking automotive fuel
technology from drawing board to proven production. Along the way
he has forged relationships around the globe with governments, key
financial players, oil and gas companies, engineering &
construction firms, and feedstock providers. Woodland has raised
significant institutional capital from USA and Canadian cleantech
funds, strategic investors, and Canadian governments.
Prior to becoming CEO of Woodland, Mr. Nuttall
was a partner at Rubicon Investment Group, a merchant bank focused
on accelerating the growth of the companies it acquires and invests
in. Before this Mr. Nuttall was co-founder and CEO of a leading
management consulting firm that helps large and mid-sized
organizations in Canada and the United States. At the outset of his
career Mr. Nuttall was an M&A and corporate finance lawyer. As
a lawyer he practiced at Clifford Chance, one of the world's
largest law firms, where he was based in London, and at Torys, a
leading corporate law firm based in Toronto. Mr. Nuttall earned his
Master of International Laws degree at Cambridge University and is
a Pegasus Scholar.
“I’m excited to work with PowerTap Hydrogen
Fueling Corp. as they roll out hydrogen fueling stations using
their leading PowerTap fueling technology. Hydrogen has immense
potential as a transport fuel. Most important, renewable hydrogen
reduces GHG emissions substantially compared to gasoline. One of
the main obstacles to hydrogen’s adoption has always been the lack
of fueling infrastructure to deliver it to end users – this has
created a huge opportunity for PowerTap‘s technology,” Mr. Nuttall
said. He continued, “I look forward to helping PowerTap capitalize
on this opportunity – to start, by helping to develop key strategic
partnerships in North America and around the world.”
“Greg Nuttall is a visionary in the clean fuel
industry and we are honored to have him join our Advisory Board as
we look to deploy our PowerTap onsite hydrogen generation and
fueling technology across North America and beyond,” said Mr. Raghu
Kilambi, CEO of PowerTap Hydrogen Fueling Corp. "Mr. Nuttall will
introduce to PowerTap existing relationships with large North
American truck stop and gas station operators, North American
cleantech funds and other strategic relationships that he has
developed over the past 15 years in clean fuel energy.”
Director Resignation
Clean Power also announces that Mr. Joe Perino
has resigned from the board of directors of the Company, effective
immediately. The Company would like to thank Mr. Perino for his
contributions to the Company and wishes him well with his current
projects.
About PowerTap
The Company acquired a 90 percent interest in
PowerTap on October 27, 2020 (see the Company’s news release on
October 28, 2020). PowerTap is leading the charge to build out
cost-effective hydrogen fueling infrastructure through its
environmentally friendly intellectual property, product design for
the modularized and lowest tier production cost of hydrogen, and
launch plan. PowerTap technology-based hydrogen fueling stations
are located in private enterprises and public stations (near LAX
airport) in California, Texas, Massachusetts, and Maryland.
Additional information about PowerTap may be found at its website
at http://www.powertapfuels.com
ABOUT CLEAN POWER CAPITAL
CORP.
Clean Power is an investment company, that
specializes in investing into private and public companies
opportunistically that may be engaged in a variety of industries,
with a current focus in the health and renewable energy industries.
In particular, the investment mandate is focused on high return
investment opportunities, the ability to achieve a reasonable rate
of capital appreciation and to seek liquidity in our investments. A
copy of Clean Power’s amended and restated investment policy may be
found under the Company’s profile at www.sedar.com.
ON BEHALF OF THE CLEAN POWER CAPITAL
CORP. BOARD OF DIRECTORS
“Joel Dumaresq”
Joel Dumaresq CEO+1 (604) 687-2038info@cleanpower.capital
Learn more about Clean Power by visiting our website at:
https://cleanpower.capital/
THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
Notice Regarding Forward Looking
Information:
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 Clean Power. Some assumptions include, without
limitation, the development of hydrogen powered vehicles by vehicle
makers, the adoption of hydrogen powered vehicles by the market,
legislation and regulations favoring the use of hydrogen as an
alternative energy source, the Company’s ability to build out its
planned hydrogen fueling station network, and the Company’s ability
to raise sufficient funds to fund its business plan.
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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