FuelPositive Corporation announces start of validation and pre-sales in preparation for project launch

TORONTO — FuelPositive Corporation announces that it has begun validation of its onsite, containerized green ammonia production system, and on August 10, 2022, will begin accepting pre-sales. Additional milestones have been met in preparation for the launch of the Company’s first demonstration pilot project – including the hiring of Operations team members and a move to the Company’s new lab/manufacturing facility.

“We are moving along quickly towards getting our first demonstration system onto the farm, and we’ve been realizing the tremendous benefits of having such an experienced and dedicated team to get us there,” said Ian Clifford, FuelPositive CEO and Board Chair. “Our company is growing rapidly – only a year ago, we set the groundwork for a successful business, and we now have a robust team of experts, advisors, multiple premises, respected partners, a patent-pending technology on the verge of being fully validated, and pre-sales starting up. It’s extremely gratifying to be achieving these milestones, doing what we said we would do to make a huge contribution to food security and positive environmental change around the world.”

The original plan was to perform the validation when the entire system was completed. This plan still holds, but FuelPositive has implemented a process in which each component is individually tested as it is ready, which will drastically reduce the time required for final validation.

“This approach to validation is one way we are managing the global supply chain delays that we’ve experienced,” said FuelPositive Chief Operating Officer Nelson Leite. “Some of the parts and materials we have ordered are taking longer to get to us than estimated. With each delay, we assess the circumstances and determine how we can mitigate it, not only for the current demonstration system but to ensure we are prepared when we roll out more of our systems in the future. Mitigation strategies have included switching to new suppliers, validating at the supplier’s facility before shipping, buying off-the-shelf products that we modify, and increasing our staff sooner than planned so we can take on more of the work ourselves.”

“As a result, we are planning for validation to be fully completed by us in November 2022, rather than by late summer as we previously estimated. We are now saying “fall” 2022. After that, the two independent, third-party validations will follow quickly and at that point, we can move the system to the farm,” said Leite.