300750 CONTEMPORARY AMPEREX TECHNOLOGY CO

DGAP-News: AmmPower Has Entered Into Negotiations for Sale and Delivery of First IAMM (TM) Unit

DGAP-News: AmmPower Corp. / Key word(s): Miscellaneous
AmmPower Has Entered Into Negotiations for Sale and Delivery of First IAMM (TM) Unit

08.09.2022 / 13:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


AmmPower Has Entered Into Negotiations for Sale and Delivery of First IAMM (TM) Unit

AmmPower's IAMM™ Units Set to Become Disruptor in Global Green Ammonia Market

TORONTO, ON / ACCESSWIRE / September 8, 2022 / AmmPower Corp. (the "Company" or "AmmPower") is pleased to announce that the Company has entered into negotiations with a potential purchaser of its first IAMM™ unit. AmmPower is proud to announce that, subject to entering into a definitive agreement in respect of the potential sale transaction, it could be delivering its first unit within the United States late in the first quarter of 2023. This is a pivotal point for the company to achieve commercialization and revenue generation, and the IAMM™ unit would be one of the first revenue generating initiatives globally in the green ammonia space.

AmmPower recently successfully completed its pilot prototype, the "demo unit", capable of producing 50 kg of ammonia per day, at its Manufacturing and R&D facility in Michigan. The demo unit has run successfully since initiation and multiple patents have been submitted on AmmPower's reactor technology. This same technology being scalable quickly allowed AmmPower to begin its sales cycle for the 4 metric ton/day green ammonia production unit, the Independent Ammonia Making Machine™.

Since the launch of IAMM™ pre-sales in July 2022, AmmPower has received many inquiries about the units, and has sent out budgetary quotes for both single-unit orders and multi-unit orders all over the world. AmmPower is however surprised to learn that the interest in the IAMM™ units goes beyond the agricultural industry for use of anhydrous ammonia as fertilizer in the United States, as the Company has received global interest in the agricultural, industrial, and energy sectors.

fncls.ssp?fn=download2_file&code_str=753b240907791fe026229f7ee9ede6c4

 

With the passing of the U.S. Inflation Reduction Act on August 16th, 2022, the economics around the IAMM™ units changed significantly. The potential 3 $/kg hydrogen tax credit equates to 530 $/metric ton of green ammonia tax credits.

Gary Benninger, CEO of AmmPower, states, "we are extremely excited to be close to completing our first sale of the IAMM™ unit. We are truly on the verge of a ground breaking moment, and our units have the potential to be an incredible disruptor for the agricultural space. The green movement has changed the landscape of farming and we are extremely proud that we will be leading the front."
 

On Behalf of the Board of Directors
Gary Benninger
Chief Executive Officer

About AmmPower
AmmPower is a clean energy company focused on the production of green ammonia. The Company is based in Toronto, Ontario, with a research and manufacturing facility in Southeast Michigan. The Company is active in all facets of green ammonia production, including the production of green fertilizers, carbon free shipping fuel, and the ‘cracking', or moving of green hydrogen as ammonia. The Company is working on the development of proprietary technologies to produce green ammonia and green hydrogen at scale, including the investigation of unique catalytic reactions to bring down costs and to take advantage of carbon credits in the renewable energy space. AmmPower currently holds several LOIs with ports in Brazil, the United States, and is currently completing its IAMM™ prototype to create green ammonia for the agricultural industry. The Company also holds a lithium exploration property in the James Bay/Eeyou Istche region of Quebec and an option on the Titan Property located in Klotz Lake area in Northwestern Ontario.

For More Information please visit , or contact AmmPower Investor Relations: ,

Forward-Looking Statements
This news release includes forward-looking statements that are subject to risks and uncertainties, including with respect to the sales of IAMM™ units, entering into a definitive agreement in respect of the potential sale transaction, the IAMM™ unit becoming one of the first revenue generating initiatives globally in the green ammonia space, and the IAMM™ units becoming an incredible disruptor for the agricultural space. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections, or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company's public filings under the Company's SEDAR profile at Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

SOURCE: AmmPower Corp.



08.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at


Language: English
Company: AmmPower Corp.
Toronto, ON
Canada
EQS News ID: 1437861

 
End of News DGAP News Service

1437861  08.09.2022 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1437861&application_name=news&site_id=research_pool
EN
08/09/2022

Underlying

300750CONTEMPORARY AMPEREX TECHNOLOGY CO

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on CONTEMPORARY AMPEREX TECHNOLOGY CO

 PRESS RELEASE

EQS-News: vbw Pressemitteilung zum Koalitionsvertrag: Gute Grundlage

Emittent / Herausgeber: ibw – Informationszentrale der Bayerischen Wirtschaft e. V. / Schlagwort(e): Sonstiges/Sonstiges vbw Pressemitteilung zum Koalitionsvertrag: Gute Grundlage 10.04.2025 / 09:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. vbw zum Koalitionsvertrag: Gute Grundlage Brossardt: „Koalitionsvertrag schafft Planungssicherheit und setzt Wachstumsimpulse“  Bertram Brossardt, Hauptgeschäftsführer der vbw – Vereinigung der Bayerischen Wirtschaft e. V.: (München, 09.04.2025). Wir freuen uns, dass jetzt der Weg frei ist f...

 PRESS RELEASE

Aquis Stock Exchange - suspension of trading

Aquis Stock Exchange Aquis Stock Exchange - suspension of trading 10-Apr-2025 / 07:00 GMT/BST The issuer is solely responsible for the content of this announcement. The following securities are suspended from trading on the Aquis Growth Market from 08.00, 10 April 2025, at the request of the company: Richmond Hill Resources Plc Ordinary Shares Symbol: SHNJ ISIN: GB00BNTBWF32 The Regulation Department Aquis Stock Exchange Floor 2, 63 Queen Victoria Street, EC4N 4UA Tel: 0203 597 6361 Email:  Website:  Dissemination of a CORPORATE NEWS, transmitted by EQS Group.The i...

 PRESS RELEASE

EQS-News: CO2Coin one of the most successful crypto investments of the...

Issuer: Clima4Future Ltd. / Key word(s): Cryptocurrency / Blockchain/Market Launch CO2Coin one of the most successful crypto investments of the coming decades. 10.04.2025 / 04:55 CET/CEST The issuer is solely responsible for the content of this announcement.     CO2Coin is going through a phase of phenomenal growth. A year ago the price was just €1, today it is around 270 USDT - an increase in value that illustrates the enormous potential of this unique project. This development reflects the crypto community's growing interest in sustainable investments. Clima4Future Lt...

 PRESS RELEASE

EQS-News: CO2Coin eine der erfolgreichsten Krypto-Investitionen der ko...

Emittent / Herausgeber: Clima4Future Ltd. / Schlagwort(e): Kryptowährung / Blockchain/Markteinführung CO2Coin eine der erfolgreichsten Krypto-Investitionen der kommenden Jahrzehnte. 10.04.2025 / 04:55 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Der CO2Coin hat einen beeindruckenden Kursanstieg erlebt. Vor einem Jahr lag der Kurs noch bei 1 €, heute liegt er bei rund 270 USDT - eine Wertsteigerung, die das enorme Potenzial dieses einzigartigen Projekts verdeutlicht. Diese Entwicklung spiegelt das wachsende Interesse der Krypto-Com...

 PRESS RELEASE

EQS-News: Zimbabwe Government Delivers on Commitment: Compensation of ...

EQS-News: Zimbabwe Ministry of Finance, Economic Development and Investment Promotion / Key word(s): Miscellaneous Zimbabwe Government Delivers on Commitment: Compensation of Former Farm Owners under the Global Compensation Deed Commences 09.04.2025 / 20:20 CET/CEST The issuer is solely responsible for the content of this announcement. In line with the GCD agreement, the FFOs receive 1 per cent of their claim in cash, with the balance being paid through US$ denominated Treasury bonds with a 2 per cent coupon and maturities of 2 to 10 years HARARE, Zimbabwe, April 9, 2025...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch