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PowerTap Hydrogen Capital Corp (symbol: MOTNF) is a leading company in the hydrogen fuel industry, specializing in the production and distribution of clean energy solutions. With a focus on sustainability and innovation, PowerTap is committed to reducing carbon emissions and promoting a greener future. The company's cutting-edge technology and strategic partnerships position it as a key player in the transition to renewable energy sources. PowerTap's recent achievements include successful product launches, expansion into new markets, and strong financial performance. As a reliable and forward-thinking company, PowerTap Hydrogen Capital Corp continues to drive positive change in the energy sector.
PowerTap Hydrogen Capital Corp. has announced the completion of the engineering design for its PowerTap Gen3 unit through its subsidiary, PowerTap Fueling. The new design features significant enhancements to the steam methane reformer (SMR), improving hydrogen production, reducing feedstock needs, and extending the lifespan of the SMR to over 15 years. The company is in the process of manufacturing prototypes and applying for sites in California. The updates aim to improve hydrogen accessibility for automotive and trucking industries, addressing the current lack of hydrogen fueling infrastructure.
PowerTap Hydrogen Capital Corp. (OTC: MOTNF) has successfully completed the engineering design for its PowerTap Gen3 hydrogen production system, showing improvements in steam methane reformer technology. Innovations include enhanced heat transfer, reduced reactor stress, and extended system life from 10 to over 15 years. The company is now progressing toward prototype manufacturing and is filing applications for hydrogen refueling infrastructure credits in California. These advancements aim to support the growing hydrogen fueling needs in the automotive and trucking sectors.
PowerTap Hydrogen Capital Corp. has officially changed its name from its previous designation as an investment issuer to emphasize its focus on hydrogen fueling technology. This transition aligns with its subsidiary's efforts to develop PowerTap 3.0 hydrogen fueling units. Effective June 14, 2021, the company continues trading under the symbols 'MOVE' (NEO), 'MOTNF' (OTC), and '2K6' (Frankfurt). The name change does not alter the company's share structure or shareholder rights.
PowerTap Hydrogen Capital Corp. has officially changed its name to reinforce its focus on hydrogen fueling technology, effective June 14, 2021. This transition aligns with the development of its PowerTap 3.0 hydrogen fueling units and its wholly-owned subsidiary's objectives. Financial results will be consolidated starting June 1, 2021. Despite the name change, there will be no alterations to the company's share structure or shareholder rights. PowerTap aims to enhance hydrogen production and dispensing infrastructure in the U.S., targeting the automotive and long-haul trucking sectors.
Clean Power Capital Corp. will change its name to PowerTap Hydrogen Capital Corp., effective June 14, 2021. This rebranding aligns the company with its focus on hydrogen fueling technology, transitioning from an investment issuer to a dedicated hydrogen fueling technology company. The shift emphasizes the development of PowerTap's 3.0 hydrogen fueling units aimed at enhancing hydrogen infrastructure in the U.S. Currently, there are under 100 operational hydrogen stations in the country, highlighting the need for further investment in this sector.
Clean Power Capital Corp. (OTC: MOTNF) will change its name to PowerTap Hydrogen Capital Corp. on June 14, 2021, reflecting its transition to a hydrogen fueling technology company. This shift aligns with the focus on its subsidiary, PowerTap Hydrogen Fueling Corp., which develops the PowerTap 3.0 hydrogen fueling units. CEO Raghu Kilambi emphasized that the name change clarifies the company's strategy and identity, aiming to become a leader in hydrogen fuel delivery.
Clean Power Capital Corp. (OTC: MOTNF) announced a strategic transition to a single-purpose hydrogen technology company as of June 1, 2021. This shift involves reorganizing its assets to focus on the design and installation of hydrogen dispensing units for vehicles. Through its subsidiary, PowerTap Hydrogen Fueling Corp., Clean Power aims to develop its hydrogen fueling station network. CEO Raghu Kilambi emphasized the company's commitment to leading the hydrogen fueling industry and announced consolidated financial reporting from the transition date.
Clean Power Capital Corp. (OTC: MOTNF) has officially transitioned to a single-purpose hydrogen technology company as of June 1, 2021. This strategic shift involves reallocating resources to focus on the design and operation of hydrogen dispensing units for vehicles. Through its subsidiary, PowerTap Hydrogen Fueling Corp., Clean Power aims to bolster its hydrogen fueling station network. CEO Raghu Kilambi emphasizes the company's commitment to becoming a leader in the hydrogen fueling industry, particularly with the upcoming rollout of PowerTap 3.0 units.
On May 27, 2021, Clean Power Capital Corp. (OTC: MOTNF) announced that PowerTap Hydrogen Fueling Corp. will sponsor the No. 17 Indy Lights car, driven by Devlin DeFrancesco, until December 31, 2023. This partnership, marking Clean Power's debut in motorsports, aims to promote hydrogen fueling technology. The sponsorship fee is set at US $2 million annually, paid through the issuance of common shares. The first payment equates to 2,104,348 shares, valued at CDN $1.15 each, pending NEO Exchange approval.
Clean Power Capital Corp. (OTC: MOTNF) announced a significant partnership with PowerTap Hydrogen Fueling Corp. to sponsor the No. 17 Indy Lights entry, driven by Devlin DeFrancesco, until December 31, 2023. The deal marks Clean Power's entry into motorsports with a sponsorship fee of US $2 million per year, paid in shares. This collaboration aims to enhance the visibility of hydrogen fueling technology within the racing community, contributing to carbon-neutral goals. The initial sponsorship fee will be settled by issuing 2,104,348 shares, contingent on NEO Exchange approval.
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