TORONTO, April 24, 2023 (GLOBE NEWSWIRE) -- Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (“PWWR” or the “Company”), a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech, is pleased to announce a name change to CLEANTECH POWER CORP. (the “Name Change”) effective Thursday, May 4, 2023, subject to final acceptance of the NEO Exchange Inc. (the “NEO”).
Reflecting growth of the Company since 2021, the Company believes that the Name Change more clearly communicates to the marketplace its intentions and strategic priorities as announced on March 6, 2023, on a go forward basis.
“Cleantech and Power are synonymous with our approach to deliver affordable, renewable and reliable power to the people,” stated Frank Carnevale, Chief Executive Officer of PWWR. “The name change is consistent with our messaging with investors, customers and acquisition targets.”
The Name Change will not affect the rights of the Company's shareholders. There will be no consolidation of capital associated with the name change. Shareholders will not be required to take any action in connection with the Name Change. Issued certificates representing common shares in the capital of the Company will not be affected by the Name Change and will not need to be exchanged.
ABOUTALKALINEFUELCELLPOWERCORP.(NEO:PWWR)
PWWR is a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech. We bring ‘Power to the People’ today, combining a stable revenue stream with a future- forward vision to commercialize our advanced hydrogen fuel cell technology to meet the massive global market need, and ultimately generate compelling returns for investors.
PWWR is well positioned to deliver ‘Power to the People’ in the global energy transition while offering a diversified cleantech growth platform for investors.
Further information is available on the Company website at https://www.fuelcellpower.com/, and the Company encourages investors and other interested stakeholders to follow it on:
LinkedIn, Twitter, Facebook, Instagram and YouTube. Common shares are listed for trading on the NEO under the symbol “PWWR”, the OTC Venture Exchange “OTCQB” under the symbol “ALKFF” and on the Frankfurt Exchange under symbol “77R” and “WKN A3CTYF”.
Forfurtherinformation,pleasecontact:
Frank Carnevale
ChiefExecutiveOfficer
+1(647)531-8264
fcarnevale@fuelcellpower.com
Forward-LookingInformation
This news release contains forward-looking statements and forward-looking information within the meaningofapplicablesecuritieslaws.Thesestatementsrelatetofutureeventsorfutureperformance.All statementsotherthanstatementsofhistoricalfactmaybeforward-lookingstatementsorinformation.In certaincases,forward-lookingstatementscanbeidentifiedbytheuseofwordssuchas“plans”,“expects” or “does not expect”, “is expected”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” or variationsofsuchwordsandphrasesorstatementsthatcertainactions,eventsorresults“may”,“could”, “would”, “might”, “occur” or “achieve”. Forward-looking statements in this news release may include, but are not limited to, the Name Change.
Forward-lookingstatementsandinformationareprovidedforthepurposeofprovidinginformationabout the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results coulddiffer materiallyfromthosecurrentlyanticipatedduetoanumber offactorsandrisks.Accordingly, readersshouldnotplace undue relianceontheforward-lookingstatementsandinformationcontainedin this newsrelease. Readersare cautioned that the foregoing list of factors is notexhaustive. The forward- lookingstatementsandinformationcontainedinthisnewsreleasearemadeasofthedatehereofandno undertakingisgiventoupdatepubliclyorreviseanyforward-lookingstatementsorinformation,whether asaresultofnewinformation,futureeventsorotherwise,unlesssorequiredbyapplicablesecuritieslaws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
NEITHER THE NEO EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE NEO EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
