PowerTap Hydrogen Fueling Corp. and Coleman Industrial Gases, LLC Sign a Strategic Partnership-based "Letter of Intent" to Negotiate and Execute a CO2 and Hydrogen Purchase Agreement - Seite 2

Furthermore, PowerTap US and Coleman have committed to collaborating on an innovative and cost-effective dual-purpose storage and delivery system, in which PowerTap US hydrogen production hub sites would use Coleman rail-based tankers as the primary CO₂ storage tanks.

The LOI also contemplates an additional opportunity in which dry ice manufacturing from CMC Dry Ice Manufacturing, LLC ("CMC"), a Coleman affiliate, can be integrated as a co-located distribution center at PowerTap US refueling stations, eliminating the need for CO₂ transport. In these cases, CMC will offer the dry ice produced to PowerTap FCET OEMs and fleet operators for cold transport of products such as vaccines and produce, further positioning PowerTap US as a cost competitive resource to fleets.

Mike Coleman, Chief Executive Officer of Coleman Industrial Gases, LLC, stated, "We are excited to embark on this journey with PowerTap to leverage sustainable energy solutions and enhance our operations. This new relationship with PowerTap aligns with our commitment to environmental responsibility and innovation."

Salim Rahemtulla, Chief Executive Officer of PowerTap expressed enthusiasm, saying, "Our pending partnership with Coleman is a testament to the power of collaboration in advancing clean energy solutions. Together, we are poised to make a positive impact on the environment while meeting the evolving needs of our customers."

This LOI represents a significant step forward in the path towards a cleaner and more sustainable future, showcasing the commitment of PowerTap and Coleman in pioneering environmental and operational excellence.

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 is in the process of 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.

www.PowerTapcapital.com
www.PowerTapfuels.com

PowerTap Hydrogen common shares are listed on CBOE Canada. Please visit the Company's profile on the CBOE Canada website at https://www.cboe.ca/en/live/security-activity/MOVE#!/market-depth

For media inquiries or further information, please contact:

PowerTap: Byron Berry, 647-302-8276

Coleman: Mike Coleman, 980-565-5224