FuelPositive Hires Core NH3 Technology Patent Co-Inventor Dr. Ghassan Chehade to Lead Prototype Manufacturing

TORONTO, July 26, 2021  FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF)

(“FuelPositive” or the “Company”) has hired engineer Dr. Ghassan Chehade, one of the co-inventors named on the provisional patent of the Company’s technology that will produce carbon-free ammonia (NH3). Dr. Chehade worked with Dr. Ibrahim Dincer on the original development of the Company’s core NH3 technology. He has joined the Company as Lead Project Engineer.

“Ghassan will play a significant role, working closely with National Compressed Air Canada Ltd., as we manufacture our Phase 2 commercial prototype demonstration systems for carbon-free NH3 production,” said Ian Clifford, Fuel Positive CEO. “The manufacturing of demonstration prototypes is a major milestone for us, as we transition from research and development to the commercialization phase of our growth. Having Ghassan involved daily will ensure success, preparing us for the rollout of our demonstration pilot projects in early 2022.”

“I am very excited to join Fuel Positive as a Lead Project Engineer. I look forward to working with Ian and his team on advancing this very important technology to the next phase,” said Ghassan Chehade.

The Company’s carbon-free NH3 technology, takes air, water and sustainable electricity and converts it to a non-polluting chemical for multiple applications, fertilizer for farming, fuel for combustion engines and a solution for grid storage. It is being considered as a replacement for fossil fuels and as the enabler of the hydrogen economy. Not only does the production of FuelPositive’s 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 safely store and transport hydrogen.

FuelPositive’s modular and transportable systems, leveraging shipping container configurations, will be adaptable to multiple applications. The Company is initially focusing on the agriculture sector where farmers will be able to produce carbon-free NH3 on their farms and use it to fertilize their fields and fuel their farming equipment, generators, coolers and grain drying equipment.

The traditional ammonia sector has a market value of about $70 billion US yearly, with compound annual growth rate of 5% each year. However, its production, centralized in massive refineries, contributes significantly to carbon emissions. FuelPositive’s technology can replace traditional ammonia with carbon-free NH3 that can be produced wherever it is needed. A number of recent projections suggest a compound annual growth rate for carbon-free ammonia of 50% or higher.

On June 8, 2021, the Company announced that it had filed for patent protection for its “Modular Transportable Clean Hydrogen-Ammonia Maker” with the United States Patent and Trademark Office (U.S. provisional patent application number 63197884).

You can watch an interview about this news release with Ian Clifford, FuelPositive CEO, on our YouTube channel: https://youtu.be/2jcrrGVVjkE

 

About Dr. Ghassan Chehade

Dr. Chehade is a senior engineer and hydrogen/ammonia subject matter specialist. His passion centers on the link between climate change and energy systems. He pursued graduate studies at Ontario Tech University under the supervision of Dr. Dincer, where he received MASc and PhD degrees in Mechanical Engineering with a focus on energy systems and thermofluids and his doctoral study was primarily focused on the development of the Company’s core NH3 technology. Dr. Chehade also has a certificate in electrochemical systems from the University of Toronto. Dr. Chehade worked for more than half a decade at the Clean Energy Research Laboratory performing research related to clean energy systems. His discoveries on ammonia and hydrogen production methods in the lab have translated to commercial solutions that could revolutionize the way to reduce carbon emissions.

About Fuel Positive

FuelPositive 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 Statement

Trading 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 Statements

This 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:

Ian Clifford

FuelPositive Chief Executive Officer

[email protected]

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Investor Relations (U.S.):

RBMG – RB Milestone Group LLC

Trevor Brucato, Managing Director

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www.rbmilestone.com

 

Corporate Communications:

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Government Relations:

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Contact: Devin McCarthy
(613) 864-0263

[email protected]

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