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DiagnaMed and QIMC to Advance Hydrogen Production Technology at the Ville Marie Clean Natural Renewable Hydrogen Project

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DiagnaMed Holdings Corp. (CSE: DMED, OTCQB: DGNMF) has announced a strategic partnership with Québec Innovative Materials Corp. (QIMC) to implement DiagnaMed's hydrogen extraction technology at QIMC's Ville Marie Hydrogen Project in Québec.

The collaboration centers on DiagnaMed's patented technology (WO2023044149A1), developed by Dr. Qingwang Yuan at Texas Tech University. This innovative method combines hydraulic fracturing with electromagnetic wave heating to extract hydrogen from various sources, including light oil, gas, shale reservoirs, and ultramafic rock formations.

The technology promises hydrogen production costs as low as $0.86 per kilogram, aligning with the U.S. Department of Energy's goal of achieving $1/kg hydrogen production by 2031. As part of the agreement, QIMC will receive 2,000,000 shares of DMED.

DiagnaMed Holdings Corp. (CSE: DMED, OTCQB: DGNMF) ha annunciato una partnership strategica con Québec Innovative Materials Corp. (QIMC) per implementare la tecnologia di estrazione dell'idrogeno di DiagnaMed nel progetto Idrogeno di Ville Marie in Québec.

La collaborazione si basa sulla tecnologia brevettata di DiagnaMed (WO2023044149A1), sviluppata dal Dr. Qingwang Yuan presso la Texas Tech University. Questo metodo innovativo combina la fratturazione idraulica con il riscaldamento a onde elettromagnetiche per estrarre idrogeno da varie fonti, tra cui petrolio leggero, gas, serbatoi di scisto e formazioni rocciose ultramafiche.

La tecnologia promette costi di produzione dell'idrogeno pari a $0,86 per chilogrammo, in linea con l'obiettivo del Dipartimento dell'Energia degli Stati Uniti di raggiungere i $1/kg di produzione di idrogeno entro il 2031. Come parte dell'accordo, QIMC riceverà 2.000.000 azioni di DMED.

DiagnaMed Holdings Corp. (CSE: DMED, OTCQB: DGNMF) ha anunciado una asociación estratégica con Québec Innovative Materials Corp. (QIMC) para implementar la tecnología de extracción de hidrógeno de DiagnaMed en el Proyecto de Hidrógeno de Ville Marie en Québec.

La colaboración se centra en la tecnología patentada de DiagnaMed (WO2023044149A1), desarrollada por el Dr. Qingwang Yuan en la Texas Tech University. Este método innovador combina la fracturación hidráulica con el calentamiento por ondas electromagnéticas para extraer hidrógeno de varias fuentes, incluyendo petróleo ligero, gas, reservorios de esquisto y formaciones rocosas ultramáficas.

La tecnología promete costos de producción de hidrógeno tan bajos como $0.86 por kilogramo, alineándose con el objetivo del Departamento de Energía de EE. UU. de alcanzar $1/kg de producción de hidrógeno para 2031. Como parte del acuerdo, QIMC recibirá 2,000,000 acciones de DMED.

DiagnaMed Holdings Corp. (CSE: DMED, OTCQB: DGNMF)는 Québec Innovative Materials Corp. (QIMC)와 전략적 파트너십을 체결하고 DiagnaMed의 수소 추출 기술을 Québec의 Ville Marie 수소 프로젝트에 적용할 계획이라고 발표했습니다.

이 협력은 Texas Tech University의 Qingwang Yuan 박사가 개발한 DiagnaMed의 특허 기술(WO2023044149A1)을 중심으로 이루어집니다. 이 혁신적인 방법은 수압 파쇄와 전자기파 가열을 결합하여 경유, 가스, 셰일 저장소 및 울트라마픽 암석 형성 등 다양한 원천에서 수소를 추출합니다.

이 기술은 수소 생산 비용이 $0.86 킬로그램당까지 낮아질 것으로 예상되며, 이는 미국 에너지부의 2031년까지 $1/kg의 수소 생산 목표와 일치합니다. 계약의 일환으로 QIMC는 2,000,000주의 DMED 주식을 받게 됩니다.

DiagnaMed Holdings Corp. (CSE: DMED, OTCQB: DGNMF) a annoncé un partenariat stratégique avec Québec Innovative Materials Corp. (QIMC) pour mettre en œuvre la technologie d'extraction d'hydrogène de DiagnaMed dans le Projet Hydrogène de Ville Marie au Québec.

La collaboration repose sur la technologie brevetée de DiagnaMed (WO2023044149A1), développée par le Dr. Qingwang Yuan à l'Université Texas Tech. Cette méthode innovante combine le fracturation hydraulique et le chauffage par ondes électromagnétiques pour extraire de l'hydrogène de diverses sources, y compris le pétrole léger, le gaz, les réservoirs de schiste et les formations rocheuses ultramafiques.

La technologie promet des coûts de production d'hydrogène aussi bas que $0,86 par kilogramme, en accord avec l'objectif du Département de l'Énergie des États-Unis d'atteindre 1 $/kg de production d'hydrogène d'ici 2031. Dans le cadre de l'accord, QIMC recevra 2 000 000 actions de DMED.

DiagnaMed Holdings Corp. (CSE: DMED, OTCQB: DGNMF) hat eine strategische Partnerschaft mit Québec Innovative Materials Corp. (QIMC) angekündigt, um die Wasserstoffextraktionstechnologie von DiagnaMed im Wasserstoffprojekt Ville Marie in Québec umzusetzen.

Die Zusammenarbeit basiert auf der patentierten Technologie von DiagnaMed (WO2023044149A1), die von Dr. Qingwang Yuan an der Texas Tech University entwickelt wurde. Diese innovative Methode kombiniert hydraulisches Fracking mit elektromagnetischer Wellenheizung zur Extraktion von Wasserstoff aus verschiedenen Quellen, darunter leichtes Öl, Gas, Schieferlagerstätten und ultramafische Gesteinsformationen.

Die Technologie verspricht Wasserstoffproduktionskosten von nur $0,86 pro Kilogramm, was mit dem Ziel des US-Energieministeriums übereinstimmt, bis 2031 eine Wasserstoffproduktion von $1/kg zu erreichen. Im Rahmen der Vereinbarung erhält QIMC 2.000.000 Aktien von DMED.

Positive
  • Technology could achieve hydrogen production costs of $0.86/kg, significantly below current market rates
  • Leverages existing oil and gas infrastructure, reducing implementation costs
  • Aligns with U.S. Department of Energy's 2031 cost targets
Negative
  • Share dilution through issuance of 2,000,000 DMED shares to QIMC
  • Technology still in testing phase with unproven commercial viability

A Strategic collaboration to Accelerate Clean Natural Hydrogen Innovation

TORONTO, Jan. 08, 2025 (GLOBE NEWSWIRE) -- DiagnaMed Holdings Corp. (“DiagnaMed” or the “Company”) (CSE: DMED) (OTCQB: DGNMF), a leading innovator in hydrogen production technologies and artificial intelligence (AI) applications, is thrilled to announce a strategic collaboration with Québec Innovative Materials Corp. (CSE: QIMC, FSE: 7FJ, OTCQB: QIMCF) (“QIMC”). This partnership will deploy DiagnaMed’s pioneering technology, designed to accelerate the extraction of natural clean hydrogen, at QIMC’s Ville Marie Hydrogen Project in Québec.

Transforming the Clean Natural Hydrogen Energy Landscape

Fabio Chianelli, Chairman and CEO of DiagnaMed, expressed his enthusiasm for the collaboration:

“We are delighted to partner with QIMC on this ground-breaking initiative. By field-testing our novel hydrogen-producing technology at the Ville Marie Clean Natural Renewable Hydrogen Project, we are taking a significant step toward advancing clean energy solutions. This collaboration underscores DiagnaMed’s commitment to forging strategic alliances with energy innovators, enabling cost-effective, carbon-neutral hydrogen production that aligns with global sustainability goals.”

Driving Innovation Through Collaboration

John Karagiannidis, CEO of Québec Innovative Materials Corp., commented:

“We are thrilled to strategically collaborate with DiagnaMed on this transformative project. The Ville Marie Clean Natural Renewable Hydrogen Project represents a pivotal opportunity to integrate innovative technologies into sustainable energy production. By leveraging DiagnaMed’s cutting-edge hydrogen technology, we are strengthening our commitment to advancing clean energy solutions and positioning QIMC as a leader in the emerging natural hydrogen sector. This partnership is a testament to the potential of collaboration to drive impactful change and create long-term value for stakeholders.”

Revolutionizing Hydrogen Production

DiagnaMed’s cutting-edge hydrogen production technology represents a breakthrough in clean energy. Developed by Dr. Qingwang Yuan of the HOPE Group at Texas Tech University, the patented method (WO2023044149A1) combines hydraulic fracturing with electromagnetic wave heating to extract hydrogen from light oil, gas, and shale reservoirs, as well as ultramafic rock formations.

This technology offers unparalleled efficiency and sustainability, with potential hydrogen production costs as low as $0.86 per kilogram. The method aligns with the U.S. Department of Energy’s “Hydrogen Energy Earthshot” initiative to achieve $1/kg hydrogen production by 2031.

By reusing existing oil and gas infrastructure, it delivers a competitive advantage, positioning DiagnaMed and QIMC at the forefront of the clean natural hydrogen revolution.

In exchange for the collaboration, QIMC will receive 2,000,000 shares of DMED. 

About Québec Innovative Materials Corp. (QIMC)

Québec Innovative Materials Corp. is a forward-thinking exploration and development company committed to harnessing Canada’s abundant natural resources responsibly. With a focus on natural hydrogen and high-grade silica deposits, QIMC is driving innovation to support the AI-powered, carbon-neutral economy. Through environmental stewardship and cutting-edge extraction technologies, QIMC is dedicated to advancing sustainable energy solutions and shaping a greener future.

For more information on QIMC’s Ville Marie Clean Natural Renewable Hydrogen Project, visit https://qimaterials.com/ville-marie.

About DiagnaMed

DiagnaMed Holdings Corp. (CSE: DMED) (OTCQB: DGNMF) is a leading innovator in hydrogen production technologies and artificial intelligence (AI) applications. Visit DiagnaMed.com.

For more information, please contact:

Fabio Chianelli
Chairman and CEO
DiagnaMed Holdings Corp.
Tel: 416-800-2684
Email: info@diagnamed.com
Website: www.diagnamed.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider have reviewed or accept responsibility for the adequacy or accuracy of this release.

Cautionary Statement

Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “will”, “may”, “expect”, “could”, “can”, “estimate”, “anticipate”, “intend”, “believe”, “projected”, “aims”, and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption “Risk Factors” in Company’s management’s discussion and analysis for the three and nine months ended June 30, 2024 (“MD&A”), dated August 22, 2024, which is available on the Company's profile at www.sedarplus.ca. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction.


FAQ

What is the expected hydrogen production cost for DGNMF's new technology?

DiagnaMed's technology is expected to achieve hydrogen production costs as low as $0.86 per kilogram.

How many shares of DGNMF stock will be issued to QIMC in the partnership?

QIMC will receive 2,000,000 shares of DiagnaMed (DMED) as part of the collaboration agreement.

What technology will DGNMF implement at the Ville Marie Hydrogen Project?

DiagnaMed will implement its patented technology that combines hydraulic fracturing with electromagnetic wave heating to extract hydrogen from various sources.

How does DGNMF's hydrogen production cost compare to the U.S. Department of Energy's targets?

DiagnaMed's $0.86/kg production cost aligns with the U.S. Department of Energy's 'Hydrogen Energy Earthshot' goal of achieving $1/kg hydrogen production by 2031.

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