NEWS RELEASE
VANCOUVER, British Columbia, March 8, 2021 – Clean Power Capital Corp. (CSE: MOVE)(FWB: 2K6)(OTC: MOTNF) (“Clean Power” or the “Company” or “MOVE”). The Company is pleased to appoint Mr. David Bray, former Corporate Officer/General Manager of Shell Oil Products US to the advisory board of PowerTap Hydrogen Fueling Corp. (“PowerTap”).
Mr. Bray’s company, Bray Retail Consulting, LLC will also join PowerTap in a consulting role under an exclusive one-year assignment. The focus is to provide critical product development and services related to PowerTap’s proprietary modular 1,250 kg hydrogen production and dispensing unit. Consistent with a previous announcement, this will be operationalized through the Andretti Group’s (“Andretti”) significant network of retail locations and market leadership. Mr. Bray’s support will further strengthen PowerTap’s initiative to accelerate deployment of its unique patented technology and compelling retail model.
A seasoned Shell executive with 30+ years, Mr. Bray served as the General Manager of several groups at Shell, including Strategy/Business Development, Fuels and Marketing, and Americas Aviation. Mr. Bray’s career with Shell was heavily focused on downstream customer facing businesses, which provides a tremendous advantage for PowerTap. Additionally, given his senior roles, Mr. Bray served on teams that focused on the future of energy for the US as well as California’s Alternative Fuels/Hydrogen Highway.
“I am excited to join PowerTap’s advisory board and assist the company in pursuing its initiatives to bring their intellectual property to the market. These are exciting times as we seek to exceed customers’ expectations regarding performance while reducing our impact to the planet. Regarding hydrogen, we are at the starting line in terms of the growth opportunity for its use as a transportation fuel. I believe that hydrogen will play a critical role in meeting the energy needs of the Americas going forward.” said Mr. Bray.
“We are thrilled to appoint David Bray to PowerTap’s advisory board. He has a thorough and complete understanding of this industry and has a proven track record of delivery. We are excited to have him join our Advisory Board and as an exclusive consultant as we look to commercialize our PowerTap onsite hydrogen generation with the Andretti Group across the USA,” said Mr. Raghu Kilambi, CEO of PowerTap Hydrogen Fueling Corp.
ABOUT POWERTAP
The Company invested in PowerTap on October 27, 2020 (see the Company’s news release on October 28, 2020). PowerTap is leading the charge to build out cost-effective hydrogen fueling infrastructure through its environmentally friendly intellectual property, product design for the modularized and lowest tier production cost of hydrogen, and launch plan. PowerTap technology-based hydrogen fueling stations are located in private enterprises and public stations (near LAX airport) in California, Texas, Massachusetts, and Maryland. Additional information about PowerTap and the Hydrogen Industry may be found at its website at http://www.powertapfuels.com
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 our investments. A copy of Clean Power’s amended and restated investment policy may be found under the Company’s profile at www.sedar.com.
Learn more about Clean Power by visiting our website at: https://cleanpower.capital/
PowerTap Contact
Raghu Kilambi
raghu@hydrogenfueling.co
PR Contact
Vito Palmeri
AMW PR
c: 347.471.4488 | o: 212.542.3146
vito@amwpr.com
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
Joel Dumaresq
info@cleanpower.capital
+1 (604) 687-2038
Notice Regarding Forward Looking Information:
This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities law. Forward-looking information is frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or information that certain events or conditions “may” or “will” occur. This information is only a prediction. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking information throughout this news release. Forward-looking information includes, but is not limited to: political changes in Canada and internationally, future legislative and regulatory developments involving cannabis in Canada and internationally, AgraFlora’s ability to secure distribution channels in international jurisdictions, competition and other risks affecting AgraFlora in particular and the cannabis industry generally. Without limiting the generality of the foregoing, the forward-looking statements herein include, among other things, the ability to develop the Delta Greenhouse Complex and the successful integration of Organic Flower’s unique domestic downstream asset portfolio under the AgraFlora banner.
The forward-looking information contained in this release is expressly qualified by the foregoing cautionary statements and is made as of the date of this release. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward- looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.