AmmPower Corp.
AmmPower Corp. Announces First Ammonia Produced from Its 50 kg/day Demonstration Unit
DGAP-News: AmmPower
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AmmPower Corp. Announces First Ammonia Produced from Its 50 kg/day Demonstration Unit
IAMM™ Unit Set to Be Major Disruptor in Green Agricultural Space TORONTO, ON / ACCESSWIRE / May 5, 2022 / (CSE:AMMP)(OTCQB:AMMPF)(FSE:601A) / AmmPower Corp. (the “Company” or “AmmPower”) is pleased to announce that its in-house designed, 50 kilogram per day IAMMTM (Independent Ammonia Making MachineTM) demonstration unit is now operational. AmmPower produced its first ammonia using this demonstration unit on May 16, 2022. “The demonstrated success of our IAMMTM technology is a TRL 6 event, serving as a major milestone for AmmPower. It validates our technology and our approach to IAMMTM modularization. We are proud of what our team has accomplished in just six months,” states Dr. Gary Benninger, CEO of AmmPower. To view the image click here Pictured here is the AmmPower America Engineering Team and R&D Team, with several Company Executives, standing in front of the now operational IAMMTM Demo Unit. The technology used in this demonstration unit will be scaled up for use in AmmPower’s 4 metric ton per day IAMMTM unit, which is also being designed in-house. The target market for the full-scale units will be the independent distributors and retailers of anhydrous ammonia used for fertilizer. The Company is targeting Q1 of 2023 for first deliveries. The production team, led by General Manager Greg Barranger and Chief Technologist Dr. Zhenyu Zhang, have begun patent submissions around the IAMMTM process of green ammonia production. The team designed the novel ammonia synthesis reactor and performed months of catalyst research to develop the techniques used to create scalable, safe, and economically viable green ammonia solutions, applicable for farming, fuel, and the cracking of hydrogen for a variety of purposes. Rene Bharti, AmmPower President, commented, “the interest in our IAMMTM units has been strong. The concept of economical, distributed production is a major disruptor in the way ammonia is produced and transported for agricultural use. This would put AmmPower in position to be at the forefront of green ammonia production for the agricultural arena.” AmmPower’s head of Agriculture, Eric Kelley, states, “the IAMMTM unit is something that has been missing in the agricultural world. Allowing for ammonia production, on location, providing fertilizer for dealers and growers, is something that has rarely been seen before in modern farming history. The fact that the IAMM™ unit also comes with carbon credits and allows farmers to take a renewable and green approach to their livelihood is the future of farming.” On Behalf of the Board of Directors About AmmPower For More Information Forward-Looking Statements The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release. SOURCE: AmmPower Corp.
18.05.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | AmmPower |
Toronto, ON | |
Canada | |
EQS News ID: | 1355039 |
End of News | DGAP News Service |