PowerTap’s (NEO: MOVE) (OTC: MOTNF) (FWB: 2K6), together with its wholly owned subsidiary PowerTap Hydrogen Fueling Corp., today noted that the Humboldt Transit Authority (“HTA”) has decided to use hydrogen fuel cell electric buses (“FCEBs”) for its transit bus fleet. According to the announcement, PowerTap has been in non-exclusive discussions with the HTA about its transition to the use of hydrogen powered buses and PowerTap being a potential supplier of hydrogen fuel. Any potential opportunities with the HTA remain subject to a definitive agreement. “HTA’s decision to use FCEBs is a significant step towards achieving California's ambitious clean energy goals, and PowerTap is proud to be a part of this transition to clean energy,” said Salim Rahemtulla, CEO of PowerTap Hydrogen Fueling Corp. “We are excited about the opportunity to explore the reconfiguration of our Northern California Fortuna and Eureka stations to support the refueling of HTA’s FCEBs, and we are committed to providing clean, zero-emission hydrogen fueling solutions to the transportation sector. PowerTap believes that the adoption of FCEBs in the transportation sector will continue to grow, and the company is committed to playing an integral role in supporting this transition. PowerTap is confident that its patented, unique onsite hydrogen fueling solutions will play a significant role in reducing greenhouse gas emissions, improving air quality and creating a cleaner environment for all.”
To view the full press release, visit https://ibn.fm/xhKu9
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’s patented solution has been developed over 20 years. PowerTap is now 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. For more information about the company, visit www.PowerTapcapital.com and www.PowerTapfuels.com.
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF
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