Receive instant alerts when news is published about your stocks. Claim your one week free trial for StreetInsider Premium here.
www.iamm.green focus on its IAMM unit sales”
TORONTO, ON/ACCESSWIRE/June 14, 2022/ (CSE: AMMP)(OTCQB: AMPF)(ESF: 601A) AmmPower Corp. (the “Company” or “AmmPower”) is pleased to announce the launch of iamm.green as a website dedicated to raising awareness and selling the company’s IAMM agricultural units. Having recently completed the 50 kg/day ammonia synthesis prototype, AmmPower is eager to begin sales for delivery in the first quarter 2023 IAMM units” of 4 tonnes/day.
The Company has received strong interest in IAMM” units from around the world, and the website portal will enable direct sales to begin for the Company. These units, each capable of generating 4 tonnes per day of green ammonia, are being installed to revolutionize agricultural and fertilizer space. IAMM” units eliminate the middleman from the fertilizer supply chain by creating agricultural ammonia on-site, and they avoid the traditionally carbon-intensive manufacturing processes that use natural gas. Instead, IAMM systems “will produce 100% carbon-free ammonia because they do not use any form of fossil fuel.
Figure 1. Interactive diagram of the IAMM Tech page on the new iamm.green website, demonstrating how the unit will work
AmmPower has a host of patents that have been filed around its reactor process, with the majority of IAMM units being easily assembled with off-the-shelf parts. This considerably reduces the unit cost and manufacturing times. Full information on pricing, power requirements, and outputs are available at www.iamm.green.
Eric Kelley, Head of AmmPower Agricultural, says, “This is a very big step for AmmPower to become a huge disruptor in the agricultural space. For the first time, farmers will be able to control their ammonia supply and use fertilizers that do not rely on natural gas or create carbon emissions. We also look at how using this green manure could increase crop value. Units are sized with the farmer and the fertilizer distributor in mind. One IAMM unit “will produce enough green ammonia to fertilize 30-40 acres of farmland per day, allowing farmers to have green, economically viable ammonia for their farms. »
Gary Benninger, CEO says, “We are very proud of the quick turnaround to implement short-term revenue systems such as IAMM. The website will allow our customers to not only purchase, but to better understand the pricing, entry and exit and carbon credit programs attached to the IAMM unit’s patented and viable green ammonia system for the agricultural community.”
On behalf of the Board of Directors
Gary Benninger, Ph.D.
Chief executive officer
About Amm Power
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 manure, carbon-free transportation fuel, and the cracking or displacement of green hydrogen in the form of ammonia. The company is working to develop proprietary technologies to produce green ammonia and green hydrogen on a large scale, including the study of unique catalytic reactions to reduce costs and take advantage of carbon credits in the field of renewable energies. . AmmPower currently holds several letters of intent with ports in Brazil, USA, 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 the Klotz Lake region of northwestern Ontario.
This press release contains forward-looking statements that are subject to risks and uncertainties, including with respect to the Company’s business plans and anticipated opportunities, including market demand for its products. All statements contained herein, other than statements of historical fact, should be considered forward-looking. 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 which may be general or specific and which give rise to the possibility that the expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that the assumptions incorrect, and that the objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include, but are not limited to, the risk that MDI units” may not generate the anticipated sales or benefits, and risks identified and disclosed in the public filings by the Company under the Company’s SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking information, there may be other factors that cause the actions , events or results are not 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, except as required by law.
The Canadian Securities Exchange (CSE) has not reviewed, approved or disapproved of the contents of this press release.
THE SOURCE: AmmPower Corp.
See the source version on accesswire.com: