PowerTap’s (NEO: MOVE) (OTC: MOTNF) (FWB: 2K6) wholly owned subsidiary, PowerTap Hydrogen Fueling Corp., has entered into a hydrogen purchase agreement (“HPA”) with a major original equipment manufacturer (“OEM”) of hydrogen fuel cell electric vehicles (“FCEV”). According to the announcement, the companies intend to collaborate to encourage adoption of the OEM’s Class 8 zero-emission vehicles with the deployment of PowerTap’s onsite clean hydrogen production systems. “We are thrilled to partner with a world-leading Class 8 truck OEM to bring on-site hydrogen production and dispensing to our fueling stations,” said PowerTap CEO and President Salim Rahemtulla. “This partnership will enable us to expand our fueling network and provide hydrogen fuel cell electric fleets with an ultra-safe, more reliable and cost-effective source of hydrogen fuel. We look forward to working with the OEM to continue driving the adoption of hydrogen fuel cell technology in California and beyond.”
To view the full press release, visit https://ibn.fm/AidMv
About PowerTap Hydrogen Capital Corp.
PowerTap Hydrogen Capital Corp., through its wholly owned subsidiary, PowerTap Hydrogen Fueling Corp. (“PowerTap”), 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. For more information about the company, visit www.PowerTapcapital.com and www.PowerTapfuels.com.
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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