FTEL:CC - First Tellurium Provides Details on Drone Applications for New Thermoelectric Generator

(TheNewswire)

Device being designed to fit seamlessly into existingcommercial drone systems, without modification.

Vancouver, BC, Canada – TheNewswire - June 20, 2024 –First Tellurium Corp. (CSE: FTEL , OTC: FSTTF ), has providedadditional information about potential drone applications for the newtellurium-based thermoelectric generator developed by PyroDelta Inc, in which FirstTellurium is the majority owner. The thermoelectric device leveragestemperature differentials to deliver clean power, and its light weightand compact size make it ideal for extending the range of drones forboth industry and defense applications.

The drone version of the thermoelectric generator, nowunder development, exploits temperature differentials associated withpropellor downwash. The planned power generation system contains nomoving parts, ensuring silent operation and reducing detection risks.These are vital attributes for both industry and defense use.

“Our research and development is aimed at producing athermoelectric device that fits seamlessly into existing commercialdrone systems, without modification,” said First Tellurium Presidentand CEO Tyrone Docherty. “We believe this feature offers asignificant advantage for drone industry adoption anddeployment.”

Docherty noted that the solid-state device is expectedto generate significant power for its size, providing extended droneoperation time and range. It would also provide minimal impact ondrone payload.

Defense and IndustryApplications

For defense applications, the device would enhanceoperational capabilities for longer missions without reliance onfrequent power resupply. It would also provide advantages forenvironmental monitoring, with extended coverage for data collectionin remote or hazardous locations.

“We also see a big market in drones for logistics anddelivery,” said Docherty. “We can support longer delivery routes,optimizing supply chain efficiency.”

Global Drone Market Estimated at OverUS$63 Billion

According to Grand View Research, the global dronemarket size was estimated at US$64.32 billion in 2023, and it isprojected to grow at a CAGR of 14.5% from 2024 to 2030, owing tovarious factors including advances in technology, broadeningapplication portfolio across various industries, and plummeting costsof drone technology.

Grand View estimated the US drone market alone atUS$22.3 billion in 2022, with a compound annual growth rate of over13%.

Docherty noted: “Considering the size and projectedgrowth of the drone market, we believe that a product offeringsignificant advantages in range and efficiency should generate strongindustry interest.”

Industrial and AutomotiveApplications

As reported in previous First Tellurium news releases,PyroDelta’s thermoelectric device converts thermal energy intoelectrical power using the Capillary Casting technology, for whichpatents have been filed. While its light weight makes it ideal fordrone applications, the device’s ability to withstand temperature extremes makes it optimal for industrial andautomotive applications. The device harnesses waste heat from internalcombustion engines, offering an eco-friendly and more efficientalternative to traditional alternators.

As reported June 5 and May 30 , 2024,First Tellurium and RESOLVE Inc. have formed a joint venture called Tellurium Electric to advance thethermoelectric generator, which is ready for manufacturing and sales,and bring it to various markets.

For more information about the thermoelectricgenerator, please visit www.pyrodelta.com , First Tellurium news release dated October 23, 2023 and various news releases in 2024.

About First Tellurium Corp.

First Tellurium’s unique business model is togenerate revenue and value through mineral discovery, projectdevelopment, project generation and development of tellurium-basedtechnologies.

First Tellurium proudly adheres to, and supports, theprinciples and rights set out in the United Nations Declaration on theRights of Indigenous Peoples and in particular the fundamentalproposition of free, prior and informed consent. First Tellurium islisted on the Canadian Stock Exchange under the symbol “FTEL” andon the OTC under the symbol “FSTTF”. Further information aboutFTEL and its projects can be found on www.firsttellurium.com .

Neither theCanadian Securities Exchange nor its regulations services acceptresponsibility for the adequacy or accuracy of this release.

Forward-lookinginformation

All statements included in thispress release that address activities, events or developments that theCompany expects, believes or anticipates will or may occur in thefuture are forward-looking statements.  These forward-lookingstatements involve numerous assumptions made by the Company based onits experience, perception of historical trends, current conditions,expected future developments and other factors it believes areappropriate in the circumstances. In addition, these statementsinvolve substantial known and unknown risks and uncertainties thatcontribute to the possibility that the predictions, forecasts,projections and other forward-looking statements will proveinaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-lookingstatements.  Except as required by law, the Company does not intendto revise or update these forward-looking statements after the datehereof or revise them to reflect the occurrence of futureunanticipated event.

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