Canadian Business Journal Says Hydrogen Purity Exceeds Expectations

TORONTO, November 7, 2022 (GLOBE NEWSWIRE) — FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (“FuelPositive” or “Company”) is issuing the first of a series of updates, news releases and images as it enters the final stages of assembly and validation of a containerized green ammonia production system on farms. , sharing its progress. Its first full-scale demonstration system will be installed on his 11,000-acre crop farm in Manitoba, commissioned and run as a pilot project in all kinds of operating conditions. This system is used to produce green ammonia that is applied as a fertilizer and ultimately used as grain drying on farms and as fuel for internal combustion engines.

FuelPositive’s CEO and Chairman of the Board, Ian Clifford, said:

Each component of the system is individually tested and commissioned before powering up the entire system. The system consists of a nitrogen generator that produces nitrogen from air, a water electrolyser that produces hydrogen from water, and a patent-pending ammonia synthesis converter that produces green ammonia from hydrogen and nitrogen.

Commissioning and certification of gas mass spectrometers
Calibrated to standards set by the National Institute of Standards and Technology (NIST), the company’s gas mass spectrometers identify the exact composition and purity of gases. It is used to test the composition of gases at all stages of production, focusing on hydrogen, nitrogen and ammonia produced in demonstration systems. Accurately identifies and quantifies all gases present in the system, allowing the team to verify production gases with 3 decimal places of precision.

“With the commissioning and third-party certification of the gas mass spectrometer, we have completed building the lab and are now ready to begin verifying the functionality of the system. We’ve had good results so far, applying this sophisticated and essential instrument to the rigorous testing and validation of all relevant components of the system,” said Nelson Leite, Chief Operating Officer at FuelPositive. said.

Tested and commissioned electrolysers
FuelPositive is investigating and evaluating different methods and technologies for producing hydrogen for the system, so the first demonstration system utilizes two electrolyzer technologies to produce hydrogen. Both electrolysers have now passed FAT (factory acceptance test) with FAT purity testing of 99.999% purity. FuelPositive utilizes an in-house accredited lab to verify hydrogen purity, and Bureau Veritas verifies the tests performed by FuelPositive. Bureau Veritas is accredited to ISO/IEC 17025 for specific parameters regarding the scope of accreditation.

The planned green ammonia production rate that the company has set for the system is 300 kg/day or 500 liters/day.

“Hydrogen purity directly corresponds to the conversion rate of an ammonia synthesis system and its ability to convert gas to ammonia. Impure hydrogen degrades the process over time, reducing conversion rate and efficiency. Electrolysis Tanks are the largest contributor to system operating expenses (OpEx) and capital expenditures (CapEx), accounting for over 80% of system costs, and their efficient operation has the greatest impact on overall system performance. Our team is dedicated to ensuring that each system not only works well the first time, but over each decade of the system’s life. It’s going to be, and in order to do that, the system has to perform over its entire lifetime,” said Leite.

Upcoming milestones
The company will soon be sequentially and independently verifying its patent-pending ammonia synthesis converter. First, FuelPositive independently verifies the separation rate, then controls the parameters (pressure and temperature), followed by the conversion rate. We will report on each separately. Likewise, the nitrogen system will be independently verified and commissioned at FuelPositive’s site, after already passing FAT at the supplier’s site, and integrated into the system as a complete process. The entire system is turned on and verified before it is finally declared “farm ready”. First by FuelPositive, then he is verified by two independent professional organizations.

Supply chain challenges
“It should be noted that supply chain delays continue to challenge our various suppliers. As a result, we expect the first systems to be farm-ready by the end of December 2022. We have not experienced any technical delays, and in the event of further delays, we will notify you of this.The demand for our technology is very important and the interest is very high, so delays are ideal. We understand that this is not the case, and we are pleased that we are at a minimum speed due to the global supply chain issues that have affected so many businesses and people around the world. is a tribute to the professionalism of our team, whose completion of the system may have been pushed back to next summer, but this team has the skills and experience to mitigate extreme delays,” said Leite. added.

About FuelPositive
FuelPositive is a commercially viable and sustainable ‘cradle-to-cradle’ clean technology solution that includes an on-site containerized green ammonia (NH3) production system that eliminates carbon emissions from green ammonia production. is a Canadian technology company committed to providing By focusing on clean, sustainable and economically advantageous/feasible technologies, we aim to change the course of climate change through practical solutions that can be implemented in the short term.

The FuelPositive onsite containerized green ammonia production system provides pure anhydrous ammonia for multiple applications including agricultural fertilizer, grain drying and fuel for internal combustion engines, a viable alternative to fuel cells, and grid storage solutions. is designed to produce Green ammonia is also considered a key enabler of the hydrogen economy.

The FuelPositive system is designed to produce green ammonia on-site as needed. This eliminates the wildly fluctuating supply chain, providing energy and supply security to the end user while reducing carbon emissions from the production process. Our first customers are farmers. The farmer uses his 80% of the conventional ammonia currently produced as fertilizer.

We will begin accepting pre-sale inquiries in August 2022. For pre-sales details, please visit https://fuelpositive.com/pre-sales/.

Notes
Trading in our securities should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein. Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

Forward-Looking Statements
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) that are based on our expectations, estimates and projections as of the date of this news release. is included. Information in this release regarding the Company’s future plans and objectives, including the anticipated expenditure of proceeds from private placements, is forward-looking statements.

These forward-looking statements are based on our management’s assumptions and estimates at the time they were made and are subject to known and unknown risks, uncertainties and implications of our actual results, performance or performance. Accompanied by other factors that may cause results to vary widely. from future results, performance or achievements expressed or implied by such forward-looking statements; Forward-looking statements are necessarily based on a number of estimates and assumptions, which we believe to be reasonable at the time of making such statements, but which are inherently Subject to uncertainty and unforeseen circumstances. These estimates and assumptions may prove incorrect.

Many of these uncertainties and unforeseen circumstances may directly or indirectly affect our actual results and could differ materially from those expressed or implied by the forward-looking statements. There is a nature. There can be no assurance that any forward-looking information will prove to be accurate, as actual results or future events could differ materially from those anticipated in such statements.

Forward-looking information is provided for the purpose of providing information regarding management’s expectations and plans for the future. We disclaim any intention or obligation to update or revise any forward-looking information, except to the extent required by applicable law, or to describe any material differences between subsequent actual events and such forward-looking information. Disclaim intent or obligation.

For investor inquiries, please contact:
Ian Clifford
Chief Executive Officer and Chairman
[email protected]
www.fuelpositive.com

Information for investors (US)
RBMG – RB Milestone Group LLC
Trevor Burkato, Managing Director
[email protected]
www.rbmilestone.com

Media Inquiries:
Oliver Newman
Sussex Strategy Group
519-770-2991
[email protected]

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/cddbed86-d66a-4f29-9111-da7d7a8697f8

https://www.globenewswire.com/NewsRoom/AttachmentNg/b7acf5ef-391b-4734-81e9-b01ff78ab9c6

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https://www.globenewswire.com/NewsRoom/AttachmentNg/4476806a-2d3f-4721-bbc5-7e6bb02795ec

https://www.globenewswire.com/NewsRoom/AttachmentNg/f93c8d45-037c-4673-b64f-da22d9b091b8

https://www.globenewswire.com/NewsRoom/AttachmentNg/303eb072-8270-4dba-9b94-59696c84cd67

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