FuelPositive (TSXV: NHHH, OTCQB: NHHHF) Hires Sussex Strategy Group to Provide Government Relations Services
July 20 2021 - 11:06AM
FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF)
(“FuelPositive” or the “Company”) is pleased to announce it has
hired Sussex Strategy Group to provide government relations
services in Canada.
“As a Canadian growth-stage technology company focused on
developing clean technologies to fight climate change, we know we
share a lot of goals with the federal government and many
provincial/territorial governments across Canada. Sussex Strategy
Group is the right team to help us navigate the government
landscape so we can share the excitement of our core technology and
discuss with governments how we can help reduce greenhouse
emissions in this country to meet or surpass our Paris Agreement
commitments,” said Ian Clifford, FuelPositive CEO.
FuelPositive’s lead product, carbon-free ammonia (NH3), takes
air, water and sustainable electricity and converts that into a
non-polluting chemical for multiple applications, including
fertilizer for farming, fuel for combustion engines and a solution
for grid-storage, to name a few. The Company is currently
developing scalable and easily transportable commercial production
units which will allow end users to produce FuelPositive clean NH3
onsite, wherever it is needed, when it is needed.
“Sussex is excited to partner with FuelPositive to advance its
development of carbon- free ammonia for use in agricultural and
other sectors,” said Chris Benedetti, Managing Partner of Sussex.
“Ammonia is a well-known chemical that is easily transported and
stored. Being able to produce it carbon-free and in a scalable and
modular manner is a game changer and we believe governments will be
keen to support this Canadian-developed intellectual property.”
The Company will focus initially on the agriculture sector.
About 80% of the world’s demand for ammonia comes from the
agriculture sector, as ammonia is used to help add nitrogen, an
element that is essential for plants, back into soil that has been
depleted by growing crops. However, traditional ammonia is a heavy
polluter. FuelPositive’s carbon-free NH3 will provide all the
ammonia that is needed, without emitting greenhouse gases.
“Beyond agriculture, there are numerous applications where our
carbon-free NH3 can make a massive difference. For instance, we are
exploring using our system to provide clean energy for northern and
remote communities – that would be an ideal project for us to work
on in partnership with governments,” said Clifford.
“As well, we believe our carbon-free NH3 can be the enabler to
economically, efficiently and quickly produce, store, transport and
use hydrogen – making the hydrogen economy possible much sooner
than anyone has been expecting,” added Clifford. Not only does the
production of FuelPositive carbon-free NH3 require much less energy
than producing hydrogen on its own, but ammonia stores 65% more
hydrogen than highly compressed pure hydrogen, making ammonia the
most efficient way to store and transport hydrogen.
Approximately 200 million tons of traditional ammonia are
produced every year around the world with an annual market value of
about $90 billion CA. The existing ammonia market has been a
commodity-type market with compound annual growth rates (CAGR) of
about 5% per year. A number of recent projections suggest 50% CAGR,
or higher, for carbon-free ammonia over the next decade.
About Sussex Strategy GroupEstablished in 1998,
Sussex Strategy Group is one of Canada’s leading government
relations and strategic communications firms. With offices in
Toronto and Ottawa, and a network of expert affiliates in major
centres across the country, Sussex excels at helping its clients
manage public opinion about them and their issues, and advance
their interests with decision-makers at the federal, provincial and
municipal levels of government.
About FuelPositiveFuelPositive is a Canadian
growth-stage technology company committed to providing commercially
viable and sustainable “cradle to cradle” clean energy solutions,
including carbon-free ammonia (NH3), for use across a broad
spectrum of industries and applications. By focusing on
technologies that are clean, economically advantageous/ realizable
and that leverage existing infrastructure, the Company aims to
change the course of climate change through practical solutions
that can be implemented now.
Cautionary StatementTrading in the securities
of the Company should be considered highly speculative. No stock
exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein. Neither
the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking StatementsThis news release
contains certain "forward-looking information" and "forward-looking
statements" (collectively, "forward-looking statements") that are
based on expectations, estimates and projections as at the date of
this news release. The information in this release about future
plans and objectives of the Company are forward-looking
statements.
These forward-looking statements are based on assumptions and
estimates of management of the Company at the time they were made
and involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by the Company as of the time of such
statements, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. These
estimates and assumptions may prove to be incorrect.
Many of these uncertainties and contingencies can directly or
indirectly affect actual results and could cause actual results to
differ materially from those expressed or implied in any
forward-looking statements. There can be no assurance that
forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements.
Forward-looking information is provided for the purpose of
providing information about management's expectations and plans
relating to the future. The Company disclaims any intention or
obligation to update or revise any forward-looking information or
to explain any material difference between subsequent actual events
and such forward-looking information, except to the extent required
by applicable law.
For Media or Investor enquiries, please
contact:
Mr. Ian CliffordFuelPositive Chief Executive
Officerinvestors@fuelpositive.comwww.fuelpositive.com
Investor Relations (U.S.):RBMG - RB Milestone
Group LLCTrevor Brucato, Managing
Directorfuelpositive@rbmilestone.comwww.rbmilestone.com
Corporate Communications:InvestorBrandNetwork
(IBN) Los Angeles, CAwww.IBN.fm310.299.1717
OfficeEditor@NetworkNewsWire.com
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