NetworkNewsBreaks – FuelPositive Corporation (TS
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Posted On: 08/31/2022 4:06:48 PM
NetworkNewsBreaks – FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) Files Quarterly Report, Shares Presales Status Update
FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a Canadian-based, growth-stage company committed to providing commercially viable and sustainable, cradle-to-cradle, clean-energy solutions, has filed its quarterly interim financial statements and other required information, including management’s discussion and analysis for the nine-month period ended June 30, 2022. Included in the filing is a status report on the company’s demonstration project. The company noted that earlier this month validation had begun on its first demonstration system, with an expected completion date in November 2022. The system will be contained in three 20-foot containers and will be located on an 11,000-acre, family-operated crop farm in Manitoba. The company noted that the building of its patent-pending ammonia synthesis convertor is also on track for completion in November 2022. The level of interest in presales serves as a strong indicator of demand, the announcement stated, noting a high level of interest in NHHH’s onsite model. According to the company, it plans to deliver its proprietary onsite, containerized green ammonia production systems within one growing season to farmers who place orders. “The demand we are seeing is encouraging,” said FuelPositive chief operating officer Nelson Leite in the press release. “We should be ready to provide an update in November about the size of our long-term manufacturing capacity planning. The volume of demand will guide us as we determine how large our mass manufacturing facility needs to be, as well as what our material and labor plans, production schedule and order fulfillment plans should be.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), a Canadian-based, growth-stage company committed to providing commercially viable and sustainable, cradle-to-cradle, clean-energy solutions, has filed its quarterly interim financial statements and other required information, including management’s discussion and analysis for the nine-month period ended June 30, 2022. Included in the filing is a status report on the company’s demonstration project. The company noted that earlier this month validation had begun on its first demonstration system, with an expected completion date in November 2022. The system will be contained in three 20-foot containers and will be located on an 11,000-acre, family-operated crop farm in Manitoba. The company noted that the building of its patent-pending ammonia synthesis convertor is also on track for completion in November 2022. The level of interest in presales serves as a strong indicator of demand, the announcement stated, noting a high level of interest in NHHH’s onsite model. According to the company, it plans to deliver its proprietary onsite, containerized green ammonia production systems within one growing season to farmers who place orders. “The demand we are seeing is encouraging,” said FuelPositive chief operating officer Nelson Leite in the press release. “We should be ready to provide an update in November about the size of our long-term manufacturing capacity planning. The volume of demand will guide us as we determine how large our mass manufacturing facility needs to be, as well as what our material and labor plans, production schedule and order fulfillment plans should be.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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