FuelPositive Accelerating Toward Sustainable Solutions

WATERLOO, Ontario, Feb. 06, 2024 (GLOBE NEWSWIRE) -- FuelPositive Corporation, a leading Green Ammonia Company (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company” or “FuelPositive”) provides updates on recent achievements, new initiatives, and completion of financing.

Government Spotlight:

FuelPositive's year got off to a great start with an impactful visit from the Federal Minister of Agriculture, the Honorable Lawrence MacAulay, and two local Members of Parliament, the Honorable Bardish Chagger and MP Tim Louis, at its Northland facility, which was a landmark and celebratory event for the young company. The Minister of Agriculture and the MPs engaged directly with FuelPositive’s team.

Minister MacAulay, an experienced potato farmer from Charlottetown, PEI, understands the challenges Canadian farmers face: the pressure from fluctuating fertilizer prices and supply, the effects of climate change, and the rising demand to sustain a growing population.

Ongoing dialogue and additional minister/government officials' visits are scheduled to explore further avenues of support for the company's rapid growth.

Jeanne Milne, FuelPositive’s Senior Government Relations Advisor, remarked, "Witnessing the FuelPositive team's pride in presenting our groundbreaking technology at our Research and Development Facility at 99 Northland was truly inspiring. Government officials recognized the pivotal role this technology can play in transforming the agricultural sector."

FP300 “On-Farm” Readiness:

FuelPositive remains on track to deliver its first commercial system in early Spring 2024. Due to additional safety verification steps, the updated delivery date is now April 15th.

The company announces the introduction of a Performance Guarantee on operating costs (OPEX) and production output for the trailblazing early adopters of FuelPositive technology.

The first FP300 system has officially been moved to FuelPositive's new 15,000-square-foot manufacturing facility for the Factory Acceptance Test (FAT). The FAT is the final approval step before delivery and on-farm installation.

FuelPositive has invited the Hieberts and other customer-farmers to visit its facilities throughout March 2024. The Hieberts will complete their Factory Acceptance Test and receive training on their initial FP300 system.

Other interested customers will have a firsthand look at FuelPositive’s proprietary technology as they make their final purchase commitments.

Nelson Leite, COO of FuelPositive, announced, "We've relocated the FP300 to our new manufacturing facility. In the next few weeks, we'll focus on finalizing commissioning, optimization, and safety checks for on-farm deployment in Manitoba. We’re looking forward to hosting some select customers to the facility throughout March and welcoming the Hieberts for their Factory Acceptance Testing and related training.”