AMPD Subsidiary AMPD Technologies Inc. Announces CAD $1.8M Binding Memorandum of Understanding with Unleash Future Boats GmbH

VANCOUVER, BC / ACCESSWIRE / June 15, 2022 / AMPD Ventures Inc. (CSE:AMPD)(OTCQB:AMPDF)(FRA:2Q0) ("AMPD" or the "Company"), a next-generation digital infrastructure provider, is pleased to announcethat its wholly-owned subsidiary, AMPD Technologies (Canada) Inc. ("AMPD Technologies"), has entered into a binding Memorandum of Understanding ("MOU") with Unleash Future Boats GmbH ("UFB"), for CAD $1.8 million in revenue to AMPD as part of an anticipated broader collaborative relationship between the two companies. UFB are experts in water-based autonomous transportation and recipients of the Regulatory Sandbox Innovations Award by the Federal Republic of Germany.

AMPD Technologies will be developing and manufacturing four Computing Containers which will then be shipped to Schleswig-Holstein in Germany to commence "Proof of Concept" trials on a government-approved 42 km test field Schlei for autonomous ships. This agreement marks an exciting new vertical for AMPD Technologies in the zero-emission, autonomous, maritime vessel market. The global autonomous ships market size was estimated to be worth USD $5.8 billion in 2020 and is projected to reach USD $14.2 billion by 2030, at a compound annual growth rate (CAGR) of 9.3% from 2020 to 2030¹.

The signing of the definitive agreement contemplated by the MOU is contingent upon the successful awarding of funds from the German Federal Ministry for Digital and Transportation, regarding a previously submitted funding grant to develop the Digital Port Schleswig-Holstein. The grant award is anticipated by the fourth quarter of 2022.

"UFB and AMPD share the vision of a sustainable, greener future," commented Anthony Brown, CEO of AMPD Ventures. "Having the opportunity to architect and build the next generation of digital infrastructure for maritime traffic, that will support zero-emissions watercraft, is very exciting. Lars and his team in Germany have developed first-class expertise in autonomous vehicle technology and we are looking forward to building out this solution that will have global implications together."

"We are very pleased to enter into a formal relationship with our Canadian partners, AMPD Technologies and their extremely impressive, high-performance computing capabilities," said Lars Engelhard, Founder and CEO of Unleash Future Boats.

About Unleash Future Boats GmbH (UFB)

UFB is a pioneer in the field of autonomous and zero-emission transport systems for mobility and logistics on the water. UFB develops sustainable solutions through electric drive systems with fuel cells and green hydrogen. The company has previously introduced ZeroOne, the world's first fully autonomous ship with international registration and global insurance.