PowerTap Hydrogen Capital (NEO: MOVE) (FWB: 2K6B) (OTC: MOTNF) is reporting on the company’s activities, including key progress of PowerTap Hydrogen Fueling Corp., a MOTNF subsidiary. According to the update, PowerTap Hydrogen Fueling Corp. has, in collaboration with T2M Global, made progress in the engineering and supply chain validation of its PowerTap Gen3 Modular Hydrogen Production and Dispensing Unit (“MHPDU”). The unit is part of the company’s plan to establish light-duty and heavy-duty fuel cell electric vehicle (“FCEV”) hydrogen (“H2”) refueling stations; the company is working to accomplish that by 2024. MOTNF reported that as part of the progress made on the validation, T2M has made significant movement toward finalizing a compression partnership that would substantially improve station uptimes, an essential piece because current uptimes of 40% to 65% for existing H2 fuel stations in California are “unacceptable.” The announcement noted that T2M has played a key role in supporting the “corporate development in which PowerTap has been engaged with potential industry partners,” including station partners, vehicle OEMs and industry consortium partnerships.
To view the full press release, visit https://ibn.fm/2RM2X
About PowerTap Hydrogen Capital Corp.
PowerTap Hydrogen, through its wholly owned subsidiary PowerTap Hydrogen Fueling Corp., is focused on installing hydrogen production and dispensing fueling infrastructure in the United States. PowerTap’s patented solution has been developed over 20 years. PowerTap is now commercializing its third-generation blue-hydrogen product, which will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure. For more information about the company, please visit www.CleanPower.Capital.
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF
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