REPEAT -- Alkaline Fuel Cell Power Corp. Provides Technology and Target Market Overview
2021年8月12日 - 10:00PM
Alkaline Fuel Cell Power Corp. (NEO: PWWR)
(Frankfurt: 77R, WKN: A3CTYF) ("
AFCP" or the
"
Company"), a company engaged in the development
and production of alkaline fuel cell heat and power systems for
residential, industrial and commercial markets, today provides an
overview on our technology and our target markets.
“Our hydrogen powered alkaline fuel cell
technology is being positioned to offer all of Europe an energy
source that generates zero CO2 emissions with pure water as the
only by-product,” commented Jef Spaepen, AFCP’s CEO. “With
technology originally derived from the European Space Agency, AFCP
has been able to develop a fuel cell which is smaller in size and
is scalable as a result of fewer ‘operating’ inputs and the absence
of noble metals, which include high-value, high-cost platinum-group
metals. As a result, AFCP’s technology will benefit from
cost-effective supply chains and production representing a highly
competitive product for boiler replacement across Europe. We are
exceptionally well positioned for residential and small- to
medium-sized power markets in Europe and around the world. As
governments tighten CO2 emission regulations, we are preparing to
respond with a fuel cell for the masses that is ideal for boiler
replacement.”
With the EU having put forward a 2030 Climate
Target Plan that includes a proposal to cut GHG emissions by at
least 55% by 2030, and a goal of becoming climate neutral by 2050,
AFCP’s technology solution offers numerous economic and
environmental advantages which can support consumers making the
transition from traditional gas boilers to a cleaner alternative,
thereby aiding countries in achieving their net-zero emissions
goals.
The AFCP system offers fuel cell power
generation potential with low implementation costs not seen by
industry to date and does not require combustion, which leads to
zero emissions with pure water as the only by-product. The solution
represents a clean electrical power conversion/generation system
akin to a small power station that provides electricity and an
equivalent amount of heat for various purposes. With a virtually
silent process and no vibration, and a compact size equivalent to
conventional modern natural gas boilers, the AFCP solution is ideal
for residential use as a boiler replacement.
Our target markets include those where there is
a requirement for small-scale power and heat such as individual
households, apartment buildings, office spaces and small commercial
spaces with a power requirement of less than 50kW, and access to a
hydrogen feed line. The AFCP fuel cell’s compact size, virtually
silent operation and zero emissions output make it ideally suited
for the domestic environment, offering a clean alternative to
conventional modern natural gas boilers. In the UK alone, heating
represents an estimated 40% of that country’s energy consumption
with approximately 14% of GHGs being emitted from homes; a similar
emission level to that from cars in the UK1.
About Alkaline Fuel Cell Power
Corp.
The Company is focused on the development,
production and commercialization of micro-combined heat and power
(“micro-CHP”) systems based on alkaline fuel cell technology. A
fuel cell is a clean electrical power conversion/generation system,
akin to small power stations that provide electricity and an
equivalent amount of heat for various purposes. Based on hydrogen
powered alkaline fuel cell technology, our technology offers an
energy source that generates zero CO2 emissions with pure water as
the only by-product, making it ideally suited for residential and
small- to medium-sized power markets. We believe Fuel Cell Power is
well positioned to become a positive contributor to the global
demand for clean energy, particularly in Europe where demand
outpaces supply, and current technology remains inadequate to meet
market needs. Further information is available on our website at
https://www.fuelcellpower.com/ and we encourage investors and other
interested stakeholders to follow us on LinkedIn, Twitter, Facebook
and Instagram. Our common shares are listed for trading on the NEO
Exchange (“NEO”) under the symbol “PWWR” and on the Frankfurt
Exchange under symbol 77R and WKN A3CTYF.
For further information, please
contact:
Gerard SauerChairman of the Advisory
Board+3214574648info@fuelcellpower.com |
Cindy GrayInvestor Relations+1 (403)
705-5076info@5qir.com |
Eugene BeukmanDirector+1 (604)
687-2038info@fuelcellpower.com |
Forward-Looking Information
This news release contains forward‐looking
statements and forward‐looking information within the meaning of
applicable securities laws. These statements relate to future
events or future performance. All statements other than statements
of historical fact may be forward‐looking statements or
information. In certain cases, forward-looking statements can be
identified by the use of words such as “plans”, “expects” or “does
not expect”, “is expected”, “estimates”, “forecasts”, “intends”,
“anticipates”, “believes” or variations of such words and phrases
or statements that certain actions, events or results “may”,
“could”, “would”, “might”, “occur” or “achieve”. Forward-looking
statements may include, but are not limited to, statements with
respect to the Company’s technology, intellectual property,
business plan, objectives and strategy.
Forward-looking statements and information are
provided for the purpose of providing information about the current
expectations and plans of management of the Company relating to the
future. Readers are cautioned that reliance on such statements and
information may not be appropriate for other purposes, such as
making investment decisions. Since forward‐looking statements and
information address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated
due to a number of factors and risks. Accordingly, readers should
not place undue reliance on the forward‐looking statements and
information contained in this news release. Readers are cautioned
that the foregoing list of factors is not exhaustive. The
forward‐looking statements and information contained in this news
release are made as of the date hereof and no undertaking is given
to update publicly or revise any forward‐looking statements or
information, whether as a result of new information, future events
or otherwise, unless so required by applicable securities laws. The
forward-looking statements or information contained in this news
release are expressly qualified by this cautionary statement.
NEITHER THE NEO EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE NEO EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
1 Source:
https://www.wired.co.uk/article/central-heating-gas-boiler-climate-change
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