- Canadian-based clean energy solutions innovator FuelPositive Corp. began trading on the OTCQB Venture Marketplace July 21 to increase its North American presence among investors
- The company will also continue trading on the TSX Venture Exchange in Canada
- FuelPositive’s primary IP strategy is to develop scalable and easily transportable commercial ammonia production units that are non-polluting and able to help the carbon-intense ammonia industry evolve
- The company is also increasing its ability to work with the Canadian government on mutual goals by hiring Sussex Strategy Group to provide government relations services
- The potential applications of FuelPositive’s technology extend beyond the agriculture industry, which provides about 80 percent of the world’s demand for ammonia currently, to potential non-polluting fuel for combustion engines and a solution for grid-storage
Canadian-based growth-stage company FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) has kicked in the boosters on its flight toward commercialization of its clean energy IP with the announcement July 21 that its common shares have begun trading on the OTCQB Venture Marketplace under the symbol NHHHF.
“We’ve been in application now for a number of months and have gone through all of the qualifications to graduate to the QB so we’re very excited, really for our U.S.-based investors. We have a lot of retail investors in the U.S. and we expect that this will create a lot easier access to trading our stock,” CEO Ian Clifford said (https://ibn.fm/NzXlf).
FuelPositive is dedicated to helping the fight against climate change through the development of green solutions that are accessible to the public and that improve on current technologies. The company is currently developing a patent-pending first-of-its-kind carbon-free ammonia (“NH3”) technology that provides a more efficient alternative to current ammonia production through modular, on-site capabilities.
Ammonia production is a multi-billion-dollar industry that primarily supplies agricultural needs, an absolutely necessary food-production commerce chain but also a large source of the world’s greenhouse emissions. But FuelPositive’s solution would not only improve the environmental footprint of industry associated with agriculture, it also has the potential to expand into alternative applications including non-polluting fuel for combustion engines and a solution for grid-storage.
“Beyond agriculture, there are numerous applications where our carbon-free NH3 can make a massive difference. For instance, we are exploring using our system to provide clean energy for northern and remote communities – that would be an ideal project for us to work on in partnership with governments,” Clifford stated (https://ibn.fm/tN8AK).
FuelPositive’s debut on the OTCQB Venture Marketplace grants it greater visibility and liquidity as its potential for growing its investor audience is realized.
“We believe the exciting promise of our carbon-free ammonia (‘NH3’) and its role in significantly reducing greenhouse gases across multiple sectors will resonate with institutional and retail investors within the U.S. investor community, opening up enhanced opportunities for engagement,” Clifford stated in a news release about the development (https://ibn.fm/rZw4d).
The Company’s common shares will continue to be traded on the TSX Venture Exchange in Canada with its existing symbol NHHH as part of its efforts to build its North American presence.
Clifford’s statement on alternative clean energy applications noted that the company has hired Sussex Strategy Group to provide government relations services in Canada, helping the company build on mutual goals it shares with the government under the Paris Agreement.
FuelPositive’s carbon-free ammonia product takes air, water and sustainable electricity and converts it into a non-polluting chemical formulation of nitrogen and hydrogen (“NH3”) that can economically, efficiently and quickly produce, store, transport and use hydrogen, which supports current hydrogen fuel economy efforts.
FuelPositive’s IP strategy is to develop scalable and easily transportable non-polluting commercial ammonia production units that will allow their end users to make clean NH3 onsite, “wherever it is needed, when it is needed.”
The existing ammonia market has been a commodity-type market with a CAGR of 5 percent but the company states that several recent projections suggest the carbon-free ammonia market can achieve a 50 percent CAGR or more in the next decade.
For more information, visit the company’s website at www.FuelPositive.com.
NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://ibn.fm/NHHHF
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