Progressus Clean Technologies Announced as New Name and Brand for Leading Green Hydrogen Technology Company, AES-100 Inc.
February 28 2022 - 7:00AM
Aberdeen International Inc. (“
Aberdeen” or the
“
Company”) (TSX: AAB F: A8H, OTC: AABVF) is
pleased to announce the new rebranding of its portfolio company,
AES-100 Inc., to become Progressus Clean TechnologiesTM
(“
Progressus”). The new name and brand marks a
significant first step towards successful commercialization of its
unique green hydrogen technology and continued vision in becoming a
leading clean energy company.
“Progressus is the Latin word for advancement,
and its suiting because our technology has the ability to transform
the way our world uses green energy,” said Channce Fuller,
President and CEO of Progressus. “Establishing a new brand and
market presence is a key first step to the successful
commercialization of our technology. This exciting milestone allows
Progressus to pursue additional business opportunities going
forward and brings us closer in providing clean hydrogen energy to
residential homes.”
Uniquely differentiated, Progressus owns the
intellectual property for a world class proprietary system that
enables lower cost hydrogen production with no greenhouse gas
emissions. Further, Progressus technology does not rely on
construction of new infrastructure, instead leveraging existing
pipeline infrastructure to bring clean power to the doorsteps of
common residential homes. The name change and new brand aligns the
vision and mission of the company to transform the green hydrogen
landscape.
"We're extremely proud of the Progressus
technology and want to make sure its strategically branded to
succeed in the marketplace. The ethos associated with the name does
exactly that. Although Progressus is a new name, our purpose of
providing a renewable and sustainable economy stays the same. This
continues to position us as a company making a positive difference
in the world," said Christopher Younger, CEO of Aberdeen.
In conjunction with the name change, the company
also launched its new website with the most up to date information
on technology developments as well as relevant market updates. The
new website can be viewed at www.progressuscleantech.com.
ABOUT Progressus Clean
Technologies
Progress Clean Technologies (formerly AES-100
Inc.) is a venture stage green technology company focused on the
development of novel hydrogen generation and separation
technologies. Progressus Clean Technologies owns the exclusive
rights and intellectual property pertaining to the Advanced
Electrolyzer System for the production of hydrogen from dilute
syngas.
Progressus Clean Technologies is a private company
with ownership held by PowerTap Hydrogen Capital Corp. (NEO: MOVE)
(FWB:2K6B) (OTC: MOTNF), Aberdeen International (TSX: AAB F: A8H,
OTC: AABVF) and a minority position being privately held.
ABOUT ABERDEEN INTERNATIONAL
INC.
Aberdeen International is a global resource
investment company and merchant bank focused on small
capitalization companies in the rare metals and renewable energy
sectors. Progressus Clean Technologies (formerly AES-100 Inc.), an
Aberdeen portfolio investment, owns the exclusive rights and all
intellectual property pertaining to the Advanced Electrolyzer
System for the production of hydrogen from dilute syngas.
For additional information, please visit our
website at www.aberdeen.green
For further information, please contact:
Chris Younger Chief Executive Officer Aberdeen
International Inc. Chris.Younger@aberdeen.green (416) 861-1685
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, statements regarding the name change to Progressus
Clean Technologies; the Advanced Electrolyzer System; the renewable
energies sector and the Company’s future plans. Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including risks inherent in the mining
industry and risks described in the public disclosure of the
Company which is available under the profile of the Company on
SEDAR at www.sedar.com and on the Company's website at
www.aberdeen.green. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
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