Alkaline Fuel Announces Achievement of First Key Milestone in the Development of Hydrogen Fuel Cell
19 Maio 2022 - 4:00AM
Alkaline Fuel Cell Power Corp. (NEO: PWWR)(OTCQB:ALKFF)
(Frankfurt: 77R, WKN: A3CTYF) ("AFCP" or
the
"Company"), a company engaged in the
development and production of alkaline fuel cell heat and power
systems for residential, industrial and commercial markets
worldwide, is pleased to announce the achievement of the Company’s
first Milestone, as of May 6th, 2022. The Company has successfully
created a functioning, bench test, single stack and system
operation at working temperature. The Company is working to towards
commercializing of 4kW micro-combined heat and power (“Micro-CHP”)
system.
”We are very pleased that, despite strong
challenges from covid-19 and supply chain, our teams in Belgium and
Czech Republic were able to achieve the first critical milestone in
the development of our own hydrogen fuel cell, on time.” Commented
Frank Carnevale, Chief Executive Officer. “Along with additional
CHP development opportunities, AFCP is focused on capitalizing on
that market shift to affordable, resilient, and renewable energy
solutions for the masses.”
As released on August 19, 2021, the Company
identified several key milestones towards the development and
commercialization of a fully functioning and integrated 4.4 kW
Micro-CHP system. The system will be a crucial step in the creation
of the Company’s manufacturing capabilities and commercial
offerings going forward.
The unit performed as expected, and the
electrical output and thermal output were as per the Company’s
original calculations. The new unit demonstrated a consistent and
continuous output, as well as being able to be switched on and off,
whilst retaining the values and output expected in the design
specifications.
ABOUT ALKALINE FUEL CELL POWER CORP.
The Company is focused on the development,
production and commercialization of micro-combined heat and power
(“micro-CHP”) systems based on alkaline fuel cell technology. A
fuel cell is a clean electrical power conversion/generation system,
akin to small power stations that provide electricity and an
equivalent amount of heat for various purposes. Based on hydrogen
powered alkaline fuel cell technology, our technology offers an
energy source that generates zero CO2 emissions with pure water as
the only by-product, making it ideally suited for residential and
small- to medium-sized power markets. We believe Fuel Cell Power is
well positioned to become a positive contributor to the global
demand for clean energy, particularly in Europe where demand
outpaces supply, and current technology remains inadequate to meet
market needs. Further information is available on our website
at https://www.fuelcellpower.com/ and we encourage
investors and other interested stakeholders to follow us
on LinkedIn, Twitter, Facebook, Instagram and YouTube.
Our common shares are listed for trading on the NEO Exchange
(“NEO”) under the symbol “PWWR”, the OTC Venture Exchange “OTCQB”
under the symbol “ALKFF” and on the Frankfurt Exchange under
symbol “77R” and “WKN A3CTYF”.
For further information, please contact:
Frank CarnevaleChief Executive Officer+1 (647)
531-8264fcarnevale@fuelcellpower.com
Forward-Looking Information
This news release contains forward‐looking
statements and forward‐looking information within the meaning of
applicable securities laws. These statements relate to future
events or future performance. All statements other than statements
of historical fact may be forward‐looking statements or
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or statements that certain actions, events or results “may”,
“could”, “would”, “might”, “occur” or “achieve”. Forward-looking
statements may include, but are not limited to, statements with
respect to the Company’s technology, intellectual property,
business plan, objectives and strategy.
Forward-looking statements and information are
provided for the purpose of providing information about the current
expectations and plans of management of the Company relating to the
future. Readers are cautioned that reliance on such statements and
information may not be appropriate for other purposes, such as
making investment decisions. Since forward‐looking statements and
information address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated
due to a number of factors and risks. Accordingly, readers should
not place undue reliance on the forward‐looking statements and
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forward‐looking statements and information contained in this news
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ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
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