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VANCOUVER, British Columbia, July 07. 2022 (GLOBE NEWSWIRE) — PowerTap Hydrogen Capital Corp. (NEO: MOVE) (FWB: 2K6B) (OTC: MOTNF) (“PowerTap” or the “Company”) is pleased to announce that Mr. William O’Banion, Founder/CEO of Indranet Partners (https: //www.indranetpartners.com/), Director of Strategic Development at Fidelity Capital Partners (http://fidelitycapitalonline.com/) and Acting Director of Business Development for PowerTap Hydrogen Fueling Corp., has been appointed to the PowerTap Advisory Board . Mr. O’Banion brings his experience as a seasoned equipment business development specialist and advanced automation with a unique focus on Oil & Gas and Semiconductor Gas delivery system solutions, and his track record as Director of Advanced Automation and business development career spanning three decades in the alternative fuels, renewable energy and agriculture/cannabis markets.

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Mr. O’Banion is a great addition to the PowerTap Advisory Board given his 27 years of experience as a business/strategic development manager in the advanced automation industry, having led the strategic development of customers, products and the associated supply chain of several companies involved in equipment capital in some of the world’s most advanced technology markets. His company is currently heavily invested in the hydrogen fuel cell and electric vehicle markets, where PowerTap’s hydrogen generation platforms will be deployed to meet the fuel demands of the hydrogen-based transportation industry. hydrogen. Mr. O’Banion has an outstanding track record in developing deep relationships with global leaders in each respective market with which he has historically engaged, generating nearly $2 billion in revenue during his career. He has been responsible for creating niche markets by introducing the most advanced technologies in extremely challenging applications that have resulted in critical market evolution and global leadership positions. William has fulfilled a leadership role at every stage of his career with an entrepreneurial spirit and a keen eye for aligning technology solutions where they are needed most.

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“We are very pleased to have Bill join our Advisory Board – He complements our team and adds a wealth of critical knowledge and relationships, and a record of building deep relationships in the industries in which we focus our deployment strategy, making his appointment a strategy and integral to PowerTap’s long-term future growth,” said Raghu Kilambi, CEO of PowerTap Hydrogen Capital Corp.

ABOUT POWERTAP HYDROGEN CAPITAL CORP.

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

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PowerTap Hydrogen’s common stock is listed on the NEO Exchange. Please see the company profile on the NEO Exchange website at https://www.neo.inc/en/live/security-activity/MOVE#!/market-depth.

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

Contact PowerTap:
Raghu Kilambi
[email protected]

+1 (604) 687-2038

NEITHER THE NEO EXCHANGE NOR ITS REGULATION SERVICE PROVIDER HAS REVIEWED NOR ACCEPTS 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. These forward-looking statements include, but are not limited to, predictions, estimates, risks and uncertainties, many of which are beyond PowerTap’s control. Certain assumptions include, but are not limited to, the Company’s ability to raise sufficient funds to fund its business plan. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends to ”, “estimates”, “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 information. prospective. contained in this press release.

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Although the Company believes that the material 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 assurance can be given as to the results, levels future activities 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 preceding cautionary statements and is made as of the date of this press release. Except as required by applicable securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of any unforeseen events, whether as a result of new information, future events or results, or otherwise.

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