PowerTap files financial statements for the year ended

VANCOUVER, British Columbia, Sep 28, 2021 (GLOBE NEWSWIRE) – PowerTap Hydrogen Capital Corp (NEO: MOVE) (FWB: 2K6B) (OTC: MOTNF) (“PowerTap” or the “Company”) reports financial results for its fiscal year ended June 30, 2021.

The audited consolidated financial statements of the Company for the year ended June 30, 2021, together with the accompanying MD&A and Annual Information Form have been filed on SEDAR at www.SEDAR.com

ABOUT POWERTAP HYDROGEN CAPITAL CORP.

PowerTap Hydrogen Capital Corp., through its wholly owned subsidiary, PowerTap Hydrogen Fueling Corp. (“PowerTap”), focuses on installing hydrogen production and distribution infrastructure in the United States. PowerTap’s patented solution has been developed over 20 years. PowerTap is now marketing its third-generation blue hydrogen product that will focus on the fueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure. There are currently less than 100 publicly available operational hydrogen stations in the United States, with most of the existing stations purchasing industrial hydrogen from industrial manufacturers and shipping hydrogen to individual stations via tankers.

PowerTap Hydrogen’s common shares are listed on the NEO Stock Exchange. Please see the Company Profile on the NEO Exchange website at https://www.neo.inc/en/live/security-activity/MOVE#!/market-depth.

PR contact:
Ajay Bruno
Account Director | RP AMW
c: 732.546.4287 o: 212.542.3146
[email protected]

Investor contact:
Tyler Troup, Circadian Group IR
[email protected]

PowerTap contact:
Raghu Kilambi
[email protected]
+1 (604) 687-2038

NEO NEO EXCHANGE NOR ITS REGULATORY SERVICE PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS COMMUNICATION.

Notice Regarding Forward-Looking Information: This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities laws. Forward-looking statements contained in this press release include, without limitation, the statements, beliefs, expectations or intentions of management regarding the hydrogen extraction market and the economy in general, plans business and strategy of the Company, including planned capital deployments and their timing, and the Company’s ability to raise sufficient capital to fund its business plan. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions which, although considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are statements which are not historical fact and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends to”. “,” Believes “,” projects “,” potential “and similar expressions, or that events or conditions” will “,” would “,” could “,” could “or” should “occur or be achieved. Forward-looking information is based on current expectations, estimates and projections which involve a number of risks, which could cause actual results to vary and, in some cases, differ materially from those anticipated by the Company and described in the forward-looking information. contained in this press release.

Although the Company believes that the important factors, expectations and assumptions expressed in these forward-looking statements are reasonable based on the information available to it on the date on which these statements were made, no guarantee can be given as to the results, levels future activity and achievements. and these statements are not guarantees of future performance.

The forward-looking information contained in this press release is expressly qualified by the foregoing warnings and is made as of the date of this press release. Except as required by applicable securities laws, the Company assumes no obligation to update or publicly revise any forward-looking information to reflect events or circumstances after the date of this press release or to reflect the occurrence of ‘unforeseen events, whether as a result of new information, future events or results, or otherwise.


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