Hydrogen Future Industries Plc Hydrogen Production System Development Update

 
TIDMHFI 
 
1 November 2022 
 
                        Hydrogen Future Industries plc 
                           ("HFI" or the "Company") 
 
                 Hydrogen Production System Development Update 
 
Hydrogen Future Industries plc (AQSE:HFI), a developer of proprietary wind and 
water-based green hydrogen production systems, announces the commencement of 
prototype testing of the wind element of the Company's hydrogen production 
system 1 metre diameter prototype (the "Prototype") in Montana, USA. 
 
A key element of the Prototype is its proprietary wind turbine, which has been 
designed with notably distinct features which allow the turbines to be more 
efficient than current open rotor turbines due to modified aerodynamics, with 
cowling directing air flow across the rotor blades to create a multiple factor 
increase in wind speed. The cowling also directs the flow of wind out and away 
from the rear of the turbine, reducing the potential for still air to block the 
flow through the turbines. 
 
The Directors believe the increased efficiency of the turbine could in turn 
increase the efficiency and ultimately lower the cost of hydrogen production. 
 
The Prototype is being tested in an area selected for its consistent wind 
speeds and regulatory support for wind turbine development and wind farm 
placement. HFI has a local development facility where the turbines have been 
fabricated and mounted onto towers for testing in local wind speeds. The power 
output from the turbines will be compared to predicted results. The cowling and 
rotor blades are a product of aerodynamic development and have been 3D printed 
on site. 
 
The first stage of the outdoor test programme - a 20-hour live test - has been 
successfully completed, confirming the aerodynamics align to the wind direction 
as planned, there is no distinguishing noise from the rotor blades, and there 
is no fouling of the blades with the cowling. 
 
A PDF version of this announcement containing a photograph of HFI's 1 metre 
diameter prototype wind energy hydrogen production system undergoing testing in 
Montana, USA is available via the following link:  https://mma.prnewswire.com/ 
media/1934084/ 
Hydrogen_Production_System_Development_Update_vFinal__PDF_version_with_image.pdf 
 
David Ormerod, Executive Director of HFI, commented: 
 
"The testing HFI is undertaking in Montana will hopefully confirm the 
efficiency of the key elements of our wind energy system. Additionally, given 
the considerable efficiency gains we believe our turbine will offer compared to 
existing open rotor wind turbines in use today, the commercial applications for 
the HFI turbine may not be limited to hydrogen and could be applied to the 
wider wind energy sector." 
 
Enquiries: 
 
Hydrogen Future Industries plc 
 
Daniel Maling                               +44 (0)20 3475 6834 
David Ormerod 
 
Vigo Consulting (Investor Relations) 
 
Ben Simons                                  +44 (0) 20 7390 0230 
 
Peter Jacob 
 
Cairn Financial Advisers LLP (AQSE 
Corporate Adviser) 
 
Ludovico Lazzaretti                         +44 (0) 20 72130 880 
Liam Murray 
 
Peterhouse Capital Limited (Broker) 
 
Duncan Vasey                                +44 (0) 20 7469 0930 
 
Inside Information 
 
This announcement contains inside information for the purposes of the UK Market 
Abuse Regulation and the Directors of the Company accept responsibility for the 
contents of this announcement. 
 
Caution Regarding Forward Looking Statements 
 
Certain statements made in this announcement are forward-looking statements. 
These forward-looking statements are not historical facts but rather are based 
on the Company's current expectations, estimates, and projections about its 
industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 
'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions 
are intended to identify forward-looking statements. These statements are not a 
guarantee of future performance and are subject to known and unknown risks, 
uncertainties, and other factors, some of which are beyond the Company's 
control, are difficult to predict, and could cause actual results to differ 
materially from those expressed or forecasted in the forward-looking 
statements. The Company cautions security holders and prospective security 
holders not to place undue reliance on these forward-looking statements, which 
reflect the view of the Company only as of the date of this announcement. The 
forward-looking statements made in this announcement relate only to events as 
of the date on which the statements are made. The Company will not undertake 
any obligation to release publicly any revisions or updates to these 
forward-looking statements to reflect events, circumstances, or unanticipated 
events occurring after the date of this announcement except as required by law 
or by any appropriate regulatory authority. 
 
 
 
END

(END) Dow Jones Newswires

November 01, 2022 03:01 ET (07:01 GMT)

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