PowerTap Hydrogen Capital (NEO: MOVE) (FWB: 2K6B) (OTC: MOTNF)
has partnered with Viridian Hydrogen UAE to create a hydrogen ecosystem in the United Arab Emirates (“UAE”) and throughout the Middle East. Viridian has built a reputation for delivering integrated solutions across the hydrogen sector and for its keen understanding of the potential for those solutions in the UAE and Middle East. The teams at PowerTap and Viridian plan to build valuable partnerships in the area based on a commitment to innovation and collaboration. The partnership between MOTNF and Viridian is intended to assist both private and public entities to meet the growing need for renewable options across the UAE moving forward. The two companies are committed to balance both economic potential and environmental directives in their efforts to transition the UAE into a global leader in hydrogen production, distribution, utilization and carbon capture technology. “We are committed to working with Viridian and the UAE to create a template for a new hydrogen ecosystem that will be a showcase for other countries to emulate,” said PowerTap Hydrogen Capital CEO Raghu Kilambi in the press release. “We will responsibly transition the UAE to hydrogen while creating jobs and attracting investment into the United Arab Emirates. PowerTap is constantly being approached by parties all over the world to license their patented carbon capturing, hydrogen producing technology. To operate and conduct business in the Middle East, you must have entrenched longstanding local connections with governments and major businesses. PowerTap is confident that the team at Viridian in conjunction with the local Advisory Board that is being assembled, who are all local experienced businessmen and trusted advisors to governments and family offices, will showcase the type of individuals PowerTap wants to represent MOVE in the MENA region.”
To view the full press release, visit https://ibn.fm/s67aP
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 that will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure. Currently fewer than 100 operational, publicly available hydrogen stations exist in the United States, with most of those stations purchasing industrial hydrogen from industrial manufacturers and shipping hydrogen to individual stations via tanker trucks. 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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