FuelPositive Update

2023's Milestones Achieved - 2024 Path Forward. Additional Capital Secured

WATERLOO, Ontario, Dec. 15, 2023 (GLOBE NEWSWIRE) -- FuelPositive Corporation, a leading Green Ammonia company, (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company” or “FuelPositive”) provides a recap of 2023 Milestones Achieved, Highlights for 2024, as well as details on securing further financing and the closing of the First Tranche of $1,350,000, in an active private placement.

The ammonia industry is currently one of the world's most polluting sectors. Grey ammonia production depends on fossil fuels and follows the oil industry as one of the most carbon-intensive processes.

Grey ammonia is produced in massive, complicated, centralized plants and must be transported worldwide to the end-user through complex and polluting distribution networks. 80% of ammonia is used today as essential nitrogen fertilizer on farms. In light of global conflict, climate change and shifting politics, this antiquated mode of grey ammonia production and distribution is unsustainable, which creates uncertainty in supply and price for the end-user, mainly farmers.

FuelPositive's patent-pending, 3^rd party validated breakthrough technology supports farmers' independence and needed change. The Company’s modular, containerized, Green Ammonia on-site system enables farmers to produce their own fertilizer and fuel, simply powered by green electricity. This decentralized solution is scalable and provides farmers with price and supply certainty.

By producing Green Ammonia on site, FuelPositive customers eliminate up to 4 tonnes of CO2e emissions per tonne of Green Ammonia produced!

In short, FuelPositive technology has the potential to create a lasting positive impact on farmer's health and finances and ultimately, on global food security.

2023 Summary:

First System Milestones:

• FuelPositive is Making Ammonia:
  • FuelPositive FP-300: the first decentralized, containerized, commercial-scale Green Ammonia system in the world produces ammonia. 
• Third-party validation:
  • testing laboratory, Ortech Consulting Inc., confirms FuelPositive’s data
  • FuelPositive achieves Independent Certification of Pure Anhydrous Ammonia Output
    

Global IP Protection and Additional IP Development:

• Throughout 2023, the Company filed additional global patent protection for its core technology and has developed a robust and growing portfolio of additional and complementary technologies, which are in various stages of the patent protection process.