Progressus Clean Technologies Appoints Chairman of Advisory Board
April 12 2022 - 7:00AM
Aberdeen International Inc. (“
Aberdeen” or the
“
Company”) (TSX: AAB) (F: A8H) (OTC: AABVF) is
pleased to announce the appointment of Pinakin Patel as Chairman of
the Advisory Board of its portfolio company Progressus Clean
Technologies (“
Progressus”).
Pinakin Patel has been appointed to the role of
chairman of the advisory board. Mr. Patel is a world-renowned
hydrogen and fuel cell expert with more than 40 years of directly
applicable experience. In addition to his experience, he has an
extensive industry network, has contributed to more than 30
patents, and has received awards from prestigious organizations for
his many contributions in the hydrogen industry spanning the US
Department of Energy, the American Society of Mechanical Engineers,
the National Hydrogen Association, the State of Connecticut, the
Electrochemical Society, and others. Mr. Patel was also recently
elected as a director on the board of the California Hydrogen
Business Council, a national level organization consisting of over
140 companies engaged in every aspect of the hydrogen supply chain
worldwide as well as advocating for the commercialization of
low-carbon and green hydrogen technologies.
“Pinakin’s network in the hydrogen and fuel cell
space along with his expertise and direct experience with
Progressus technology is second to none,” said Channce Fuller,
President and CEO of Progressus. “His appointment to chair the
advisory board for Progressus is a catalyzing opportunity for us to
bring more and more experience to the venture.”
Mr. Patel has an extensive resume having raised
more than $500 million in R&D funding for advanced technology,
manufacturing and application development projects in USA, Canada,
Japan, Europe and Asia. His experience is in-depth spanning every
type of fuel cell and renewable power using a variety of sources
including waste-derived biogas, solar, wind and others. Mr. Patel
has also supported dozens of venture stage companies in the
alternative energy space by arranging supply chain coordination,
strategic alliances and funding, which is of direct benefit to
Progressus.
As Progressus continues to progress technology
development and commercialization, Mr. Patel’s first initiative
will be to fill out the remainder of the advisory board with
experts to ensure a successful product launch and market
penetration.
Aberdeen will continue to keep the market
updated on developments at Progressus.
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 majority ownership held by PowerTap Hydrogen Capital Corp.
(NEO: MOVE) (FWB:2K6B) (OTC: MOTNF), Aberdeen International (TSX:
AAB F: A8H, OTC: AABVF) and minority ownership held by private
shareholders.
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 Progressus Clean Technologies
Advisory Board and appointments; 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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