PowerTap’s (NEO: MOVE) (OTC: MOTNF) (FWB: 2K6), together with its wholly owned subsidiary PowerTap Hydrogen Fueling Corp., today noted that the Humboldt Transit Authority (“HTA”) has decided to use hydrogen fuel cell electric buses (“FCEBs”) for its transit bus fleet. According to the announcement, PowerTap has been in non-exclusive discussions with the HTA about its transition to the use of hydrogen powered buses and PowerTap being a potential supplier of hydrogen fuel. Any potential opportunities with the HTA remain subject to a definitive agreement. “HTA’s decision to use FCEBs is a significant step towards achieving California’s ambitious clean energy goals, and PowerTap is proud to be a part of this transition to clean energy,” said Salim Rahemtulla, CEO of PowerTap Hydrogen Fueling Corp. “We are excited about the opportunity to explore the reconfiguration of our Northern California Fortuna and Eureka stations to support the refueling of HTA’s FCEBs, and we are committed to providing clean, zero-emission hydrogen fueling solutions to the transportation sector. PowerTap believes that the adoption of FCEBs in the transportation sector will continue to grow, and the company is committed to playing an integral role in supporting this transition. PowerTap is confident that its patented, unique onsite hydrogen fueling solutions will play a significant role in reducing greenhouse gas emissions, improving air quality and creating a cleaner environment for all.”
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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
About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company with a portfolio of projects in process. The company’s flagship projects, the LANXESS Property Project and the South West Arkansas Project, are located in southern Arkansas near the Louisiana state line. The company is focused on the evaluation and testing of commercial lithium extraction and purification from brine sourced from approximately 180,000 acres of unitized leases across these two projects. The company operates a first-of-a-kind, industrial-scale Direct Lithium Extraction (“DLE”) Demonstration Plant at the LANXESS Property Project. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. A Definitive Feasibility Study (“DFS”) and Front-End Engineering Study (“FEED”) for phase 1A of the LANXESS Property Project commenced in September 2022. A Preliminary Feasibility Study (“PFS”) of the South West Arkansas Project commenced in May 2022. Standard Lithium is also pursuing the resource development of approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California. For more information about the company, please visit www.StandardLithium.com.
NOTE TO INVESTORS: The latest news and updates relating to SLI are available in the company’s newsroom at https://ibn.fm/SLI
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