GWSO Invited to Apply for Exclusive Government Grants Program

Rhea-AI Summary

Global Warming Solutions, Inc. (OTCQB: GWSO) and AQST-USA have submitted a pitch proposal for federal grants from the National Science Foundation (NSF) to support the development of EcoHydroGen©, a revolutionary technology for on-demand hydrogen and electricity generation. The NSF is a highly selective agency that only funds projects with significant potential. GWSO and AQST-USA are confident in securing the necessary funding to bring EcoHydroGen© to market.

Temecula, CA , July 19, 2023 (GLOBE NEWSWIRE) -- Global Warming Solutions, Inc. (OTCQB: GWSO) and AQST-USA, a developer of hydrogen production technologies, today announced that they have been invited, and submitted a pitch proposal for federal grants from the National Science Foundation (NSF) to support the development of EcoHydroGen©.

EcoHydroGen© is a revolutionary new technology that produces on-demand hydrogen and electricity generation system that can be used in a variety of applications, including transportation, power generation, and industrial use. The technology is based on a unique electrochemical process that is highly efficient and environmentally friendly.

The NSF is a highly selective agency that only funds projects with the potential to make significant advances in science and technology. Only fifty two organizations have been awarded a phase one grant through NSF in 2023. In addition to the NSF, GWSO and AQST-USA are also pursuing other interest opportunities from government agencies. And in conjunction with the recent announcement that the Biden-Harris Administration, through the U.S. Department of Energy (DOE), offered the availability of $750 million for research, development, and demonstration efforts to dramatically reduce the cost of clean hydrogen, the company is very confident that it will be able to secure the necessary funding to bring EcoHydroGen© to market.

“This invitation is the culmination of a lot of hard work by our team, and now that we have submitted a pitch to the NSF we expect to submit to more government agencies. The doors are beginning to open for us.” Stated Michael Pollastro CEO GWSO
“We are honored to have been invited to present our proposal to the NSF,” said Raymond Caldas, CEO AQST-USA, LLC. “This is a significant endorsement of our technology and our team, and it demonstrates the potential of EcoHydroGen© to make a real difference in the fight against climate change.”

“We believe that EcoHydroGen© has the potential to be a major commercial success,” said Caldas. “The green sector is growing rapidly, and there is a significant demand for clean and efficient hydrogen production technologies. We are confident that we will be able to secure the funding we need to bring EcoHydroGen© to market and make a significant impact on the fight against climate change.”

Michael Pollastro
Chief Executive Officer
Global Warming Solutions Inc.
mpollastro@gwsogroup.com

About Global Warming Solutions Inc.

Global Warming Solutions Inc. (GWSO) is a worldwide developer of technologies that help mitigate climate change and its effects on the planet. The company’s mission is to develop and bring innovative market technologies that address the urgent need to reduce greenhouse gas emissions and adapt to the impacts of climate change.

Forward-Looking Statements

This press release may include predictions, estimates, or other information that might be considered forward-looking within applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially.

You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as potential, expect, look forward, believe, dedicated, building or variations of such words and similar expressions are intended to identify forward-looking statements.

Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC) available at www.sec.gov and on the Company’s website at http://www.gwsogroup.com

FAQ

Who is developing EcoHydroGen©?

Global Warming Solutions, Inc. (GWSO) and AQST-USA.

What is EcoHydroGen©?

It is a revolutionary technology for on-demand hydrogen and electricity generation.

What is the National Science Foundation (NSF)?

It is a highly selective agency that funds projects with significant potential in science and technology.

What other opportunities are GWSO and AQST-USA pursuing?

They are also pursuing other interest opportunities from government agencies.

How much funding is available from the U.S. Department of Energy (DOE)?

The Biden-Harris Administration has offered $750 million for research, development, and demonstration efforts to reduce the cost of clean hydrogen.

What is the CEO's statement about the invitation?

Michael Pollastro, CEO of GWSO, stated that the invitation is the culmination of hard work and they expect to submit to more government agencies.

What is the CEO of AQST-USA's comment?

Raymond Caldas, CEO of AQST-USA, stated that the invitation is a significant endorsement of their technology and team, demonstrating the potential of EcoHydroGen© to fight against climate change.

What is the CEO's belief about EcoHydroGen©?

Raymond Caldas, CEO of AQST-USA, believes that EcoHydroGen© has the potential to be a major commercial success, meeting the growing demand for clean and efficient hydrogen production technologies.