VANCOUVER, British Columbia, March 25, 2021 (GLOBE NEWSWIRE) — Clean Power Capital Corp. (CSE: MOVE)(FWB: 2K6)(OTC: MOTNF) (“Clean Power” or the “Company” or “MOVE”). The Company is pleased to announce that on March 23, 2021, the Company’s 94.5% subsidiary, PowerTap Hydrogen Fueling (“PowerTap”) provided an update on its completed design of its 3rd generation PowerTap hydrogen fueling units (“Gen3”). As an investor of PowerTap, the Company wishes to share PowerTap’s update, which is a significant milestone for the Company’s investment.
For a full and complete update from PowerTap on the completion of its Gen3 fueling unit design, please see PowerTap’s news release at the following link: https://www.globenewswire.com/news-release/2021/03/23/2197309/0/en/PowerTap-Provides-Update-on-the-Development-of-Its-3rd-Generation-Hydrogen-Fueling-Units.html
Mr. Raghu Kilambi, CEO of Clean Power stated, “Clean Power is very pleased with the development of its first investment in the hydrogen fueling industry. The Company continues to seek additional opportunities within the scope of its investment policy to pursue new potential investments.”
About Clean Power Capital Corp.
Clean Power is an investment company, that specializes in investing into private and public companies opportunistically that may be engaged in a variety of industries, with a current focus in the health and renewable energy industries. In particular, the investment mandate is focused on high return investment opportunities, the ability to achieve a reasonable rate of capital appreciation and to seek liquidity in its investments.
Learn more about Clean Power by visiting our website at: https://cleanpower.capital/
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Clean Power Contact
Raghu Kilambi, CEO
PR Contact Vito Palmeri AMW PR
c: 347.471.4488 | o: 212.542.3146
Notice Regarding Forward Looking Information:
This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Clean Power. Some assumptions include, without limitation, the development of hydrogen powered vehicles by vehicle makers, the adoption of hydrogen powered vehicles by the market, legislation and regulations favoring the use of hydrogen as an alternative energy source, the Company’s ability to build out its planned hydrogen fueling station network, and the Company’s ability to raise sufficient funds to fund its business plan. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur or be achieved. This press release contains forward-looking statements pertaining to, among other things, the timing and ability of the Company to complete any potential investments or acquisitions, if at all, and the timing thereof. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward- looking information contained in this press release.
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