ALKFF - ALKFF STOCK NEWS

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) announced a delay in its annual financial statements for the fiscal year ending December 31, 2022, due to staffing issues impacting audit procedures. A management cease trade order (MCTO) has been granted, restricting executives from trading shares. The company aims to file the required documents by May 30, 2023, while adhering to alternative guidelines during the delay. Additionally, its subsidiary Fuel Cell Power NV is undergoing bankruptcy proceedings in Belgium, effective March 28, 2023. The company is exploring options for FCP to maximize shareholder value amidst this challenge.

Alkaline Fuel Cell Power Corp. (ALKFF) announced a non-binding LOI with Koben Systems to create a Joint Venture for integrating the GENIUS Energy Hub with its fuel cell technology. This collaboration aims to enhance energy management by enabling automatic resource allocation based on availability and pricing. Koben emphasizes the importance of this partnership for improving energy efficiency and consumer awareness. The JV's next steps include identifying pilot project sites and finalizing agreements within 90 days. PWWR has secured $5 million in debt financing to advance fuel cell projects, aligning with its 2023 sales enhancement goals.

Alkaline Fuel Cell Power Corp. (OTCQB:ALKFF) outlined its 2023 priorities to enhance financial performance, emphasizing the launch of its Jupiter 1.0 fuel cell prototype. CEO Frank Carnevale stated that the company aims to achieve EBITDA positivity within 4-6 quarters by reducing cash burn and aligning expenditures with strategic projects. Key priorities include expediting revenue growth, capitalizing on fuel cell pilots for immediate sales, and securing funding to lower growth capital costs. The firm operates through subsidiaries and is poised to capitalize on the growing demand for clean energy solutions while aiming to generate significant returns for investors.

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) outlined its 2023 priorities focused on profitability and growth through strategic initiatives. The launch of the Jupiter 1.0 fuel cell prototype aims to reduce cash burn and align spending with key projects. CEO Frank Carnevale emphasized the goal of becoming EBITDA-positive within 4-6 quarters, depending on capital deployment and acquisitions. Key priorities include accelerating revenue, reducing fuel cell operational costs, leveraging pilot programs for immediate sales opportunities, and creating funding pathways for growth. The company's diversified platform aims to address global energy needs while driving returns for investors.

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) has entered an exclusive sales and marketing agreement with Viridian Hydrogen UAE to develop and deploy its next-generation hydrogen-powered fuel cells in the MENA region. The partnership aims to leverage Viridian's extensive experience in hydrogen opportunities, facilitating market entry and accelerating sales of PWWR’s Jupiter 1.0 hydrogen-powered fuel cell. This collaboration supports the UAE’s ambition to become a global hub for hydrogen production and renewable energy. PWWR will join the Viridian Hydrogen Advisory Council to explore various hydrogen projects with governments and corporations.

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) announced the launch of its micro-combined heat and power (CHP) fuel cell prototype, Jupiter 1.0, through its subsidiary Fuel Cell Power NV in Belgium. This fuel cell, operating with approximately 90% efficiency, is designed for homes and small buildings, capable of providing around 7kW of power initially and 4kW subsequently. The company plans pilot projects to further demonstrate the technology, which utilizes fewer components and avoids precious metals, enhancing cost-effectiveness. Management will focus on CE-certification and commercialization strategies following strategic leadership changes.

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) announces a milestone with its Belgium subsidiary Fuel Cell Power NV, revealing plans for a prototype alkaline fuel cell system launch on January 11, 2023. The Company will transition to commercialization, focusing on a micro-combined heat and power system and off-grid power generators. CEO Frank Carnevale emphasizes the technology's cost-effectiveness, citing fewer components and the elimination of precious metals. Jo Verstappen has been appointed Managing Director of FCP NV to ensure successful commercialization in the European hydrogen market.

Alkaline Fuel Cell Power Corp. (OTCQB:ALKFF) announced a significant milestone with the prototype launch of its alkaline fuel cell system on January 11, 2023, in Geel, Belgium. The company has transitioned its COO, Jo Verstappen, to Managing Director of its subsidiary, Fuel Cell Power NV, to drive commercialization efforts. The new alkaline fuel cells will be cheaper to produce, avoiding costly platinum components. This launch marks a crucial step towards delivering innovative energy solutions to residential and commercial markets, enhancing PWWR’s presence in the global hydrogen market.

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) announced that CEO Frank Carnevale will present at VirtualInvestorConferences.com on December 1, 2022, from 12:30 to 1:00 PM EST. Following the presentation, he will hold one-on-one meetings with investors on December 2 and December 5-6. This event allows real-time interaction with investors, and a recorded webcast will be available for those unable to attend live. The company aims to develop affordable, renewable energy solutions and advance hydrogen fuel cell technology to meet global market needs.