FuelPositive Announces 3rd Party Verification of FP300 Green Ammonia Output Rate
FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) has successfully completed 3rd party verification of the FP300 Green Ammonia output rate, marking a significant milestone for the company. With this validation, FuelPositive is now ready to accept 30% deposits on the initial 30 commercial systems and accelerate its production. The base price for the FP300 Green Ammonia system is set at C$950,000.
Nelson Leite, COO and Board Member, expressed confidence in the operating cost assumptions and emphasized the importance of this validation in accepting deposits from lead customers. This transition from a pre-revenue start-up to a revenue-producing commercial entity marks a pivotal moment for FuelPositive. The 30% deposits on the initial 30 FP300 systems amount to nearly C$9,000,000, with the completed sale of these systems projected to reach approximately C$30,000,000. FuelPositive also has a robust sales pipeline with hundreds of systems in consideration.
The validation process, conducted by third-party process validation service M2AR Consulting, showcased FuelPositive's exceptional precision and meticulousness in testing and data collection methods. The modular process of creating Green Ammonia demonstrated by FuelPositive's system received high praise. FuelPositive looks forward to further collaboration with M2AR Consulting in evaluating subsequent processes and systems for the market.
FuelPositive's commitment to providing clean and sustainable technology solutions, particularly in the production of Green Ammonia, positions the company as a key player in mitigating climate change and addressing unsustainable agricultural practices. The on-farm/onsite, containerized Green Ammonia production system offers clean fertilizer, energy, and supply security while eliminating carbon emissions from the production process.
For more information, please contact Ian Clifford, CEO and Board Chair, at 416.535.8395 or visit FuelPositive's website at www.fuelpositive.com.
Cautionary Statement: Trading in the securities of the Company should be considered highly speculative. Forward-looking statements in this news release are subject to various risks, uncertainties, and other factors that may cause actual results to differ materially from expectations. The Company disclaims any intention or obligation to update or revise any forward-looking information, except as required by applicable law.
FuelPositive's Green Ammonia Output Verification: A Game-Changer for New Businesses in Clean Energy
FuelPositive Corporation's recent announcement of the successful 3rd party verification of its FP300 Green Ammonia output rate could have significant implications for new businesses in the clean energy sector. This validation marks a pivotal transition for FuelPositive, from a pre-revenue start-up to a revenue-generating commercial entity, setting a precedent for other emerging companies in the field.
FuelPositive's ability to accept substantial deposits on its initial commercial systems not only demonstrates the market's confidence in their technology but also highlights the potential profitability of sustainable solutions. New businesses can take inspiration from this success, recognizing the financial viability of investing in clean and sustainable technologies.
Moreover, FuelPositive's meticulous testing and data collection methods, praised by M2AR Consulting, underscore the importance of precision and thoroughness in the development and validation of new technologies. For new businesses, this serves as a reminder to uphold high standards in their operations, especially when introducing innovative solutions to the market.
FuelPositive's commitment to mitigating climate change and addressing unsustainable agricultural practices through its Green Ammonia production system also illustrates the growing demand for environmentally-friendly solutions. This trend presents a wealth of opportunities for new businesses aiming to make a positive impact while achieving commercial success.