Fuelpositive Corp - NHHHF stock
Introduction[edit]
FuelPositive Corporation (OTC: NHHHF, TSXV: NHHH) is a Canada-based technology company that provides clean energy solutions. The company is committed to providing commercially viable and sustainable cradle-to-cradle clean energy solutions, like carbon-free ammonia (NH3), for use across a wide range of industries and applications. It also acquires, through licensing and/or purchase, quality assets for other sustainable energy storage and fuel technologies. Its lead product, the green ammonia system takes air, water, and sustainable electricity and synthesizes it into pure, anhydrous ammonia for multiple applications, including fertilizer for farming, fuel for grain drying and internal combustion engines, and a solution for grid storage. The system is tailored to instantly produce green ammonia, eliminate wildly varying supply chains, and provide end-user energy and supply security.[1] FuelPositive Corp. was founded in 2000 by Ian Clifford. It was initially known as EEStor Corporation before changing its name to FuelPositive Corporation in February 2021. The company’s stock is publicly traded on OTCQB under the ‘NHHHF’ ticker symbol. The firm is headquartered in Toronto, Canada.[2]
Business Description[edit]
FuelPositive is a developer and growth-stage manufacturer of a growing portfolio of energy storage and fossil fuel replacement technologies. The firm holds significant technology rights to solid-state capacitors and related energy storage technologies currently under further advancements with strategic third parties. It also owns rights to certain proprietary hydrogen and ammonia technologies being developed and patented. The company focuses on manufacturing, joint venture, and licensing opportunities for its technologies across a wide spectrum of industries and applications.[3]
Its operations recognize the fact that the world requires a decentralized source of sustainable, clean energy and fertilizer to minimize carbon emissions. FuelPositive heavily invests in clean, economical, and leveraged advanced technologies in production to change negative climate shifts via immediate practical solutions. The company’s modular and scalable on-site containerized Green Ammonia production system aims to revolutionize clean energy through patent-pending technology. The system takes air, water, and a sustainable electricity source to produce Green Anhydrous Ammonia with zero carbon emissions.
The centralized, Green Ammonia production system will:
- Eliminate the carbon emissions in the agriculture sector, associated with the production of ammonia fertilizers
- Ultimately, replace fossil fuels used in internal combustion engines in the agriculture, transportation, and other sectors
- Provide an affordable, convenient, sustainable supply of fuel for fuel cells
- Offer much-needed storage of excess electricity for energy grids to enable the shift to a hydrogen economy and reduce the need for the current massive, highly polluting ammonia infrastructure and supply chain
Batch manufacturing is anticipated as soon as initial orders begin to flow. The firm is planning to begin serial, assembly-line manufacturing in late 2023.[4]
Company News[edit]
On August 30, 2022, the company announced the availability of its quarterly interim financial statements and accompanying management’s discussion and analysis for the nine months ended June 30, 2022, available on the SEDAR website. The company also provided an update on its first demonstration project and pre-sales activity as below:
- Validation on the first demonstration system was in progress and is expected to wind up in November 2022
- The system, to be contained in a 20-foot container, will be erected on an 11,000-acre family-operated crop farm in Manitoba, operated by Tracy and Curtis Hiebert
- The hydrogen separator and nitrogen extractor, which substitute 60 percent of the whole system, had been validated ahead of schedule and shipped to the Company’s Ontario facility
- The system’s rate of production and purity levels exceeded expectations prompting pre-sale arrangements for farmers as early as August 10.
- Derek Boudreau, FuelPositive’s Strategic Advisor for Agricultural Implementation was excited to spill that the levels of interest in the pre-sale indicated the existence of robust demand.[5]
On August 8, 2022, the company announced that the firm had signed an agreement, appointing Lenore Newman of the University of Fraser Valley, as FuelPositive’s Global Food Security Advisor. Besides being the Director of the Food and Agriculture Institute in the institution, Lenore is a leading researcher, author, and past Canada Research Chair in Food Security. The company also formalized a partnership with the Controlled Environment Systems Research Facility at the University of Guelph. The facility’s operations are focused on controlled environment agriculture.[6]
Leadership[edit]
Executive Leadership Team[7][edit]
- Ian Clifford, Board Chair and CEO
- More than 25 years of experience in the fields of technology and marketing
- Has successfully led the Company to global brand recognition via its unique energy solutions
- Has raised more than $80 million in equity financing for the Company since 2006
- Co-founded digIT Interactive, a full-service Internet marketing company
- Nelson Leite, Board Member, and Chief Operating Officer
- Focused on the design, development, and production of the FuelPositive prototype units and the future commercialized unit
- Possesses an engineering and manufacturing background, commanding over 30 years in the high-tech automation and robotics industries
- Tasked with driving the commercialization of FuelPositve’s systems, along with evolving the technology further
- Jing Peng, CPA, Chief Financial Officer
- Has worked in public accounting for the past 10 years, providing financial services primarily to junior exploration companies
- Was previously the CFO of Austin Resources Ltd., a TSXV-listed company, since September 2015 and the CFO of Captor Capital Inc., a CSE-listed company, since March 2014
- Was a senior accountant at MSCM LLP and KPMG LLP, earlier in his career
- Holds a master’s degree in management and professional accounting from the Rotman School of Management, University of Toronto
- Ghassan Chehade, BEng, MSc, EIT, Ph.D., Co-Inventor, Lead Project Engineer
- A hydrogen/ammonia subject matter specialist focused on the link between climate change and energy systems
- Worked for more than half a decade at the Clean Energy Research Laboratory at the University of Ontario Institute of Technology, performing research related to clean energy systems
- His discoveries in the lab have translated into commercial solutions that can revolutionize the way to reduce carbon emission
Company ESG[edit]
The company’s mission is to lead in the fight against climate change by creating and engineering practical, clean, and sustainable carbon-free solutions that can economically be implemented today. The company’s mission and vision are chained to reciprocating the negative climate change and eternally eradicating greenhouse gas emissions. The company hence strives to associate with principled and ethical parties in the quest to achieve a carbon-free economy. The firm is determined and actively engaged in finding solutions for cradle-to-cradle, non-polluting offerings.[8]
- ↑ cnbc.com/quotes/NHHHF?tab=profile – CNBC News
- ↑ barrons.com/market-data/stocks/nhhhf/company-people – BARRON’S
- ↑ FUELPOSITIVE CORPORATION (FORMERLY EEStor CORPORATION) INTERIM MANAGEMENT’S DISCUSSION & ANALYSIS – QUARTERLY HIGHLIGHTS FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2021, Page 3 – SEC GOV Report. Retrieved on 10/7/2022.
- ↑ Our lead product – An Onsite, Containerized Green Ammonia Production System – FuelPositive Website. Retrieved on 10/7/2022
- ↑ FuelPositive Announces Filing of Quarterly Report and Provides Early Pre-Sales Update – Yahoo Finance. Accessed on 10/7/2022.
- ↑ Food Security and Partnership with the University of Guelph – FuelPositive official website.
- ↑ FuelPositive Board of Directors – Fuel Positive website. Retrieved on 10/8/2022
- ↑ FuelPositive’s Vision, Mission & Values – FuelPositive website.
OTC Symbol: NHHHF | OTC Tier: OTCQB
