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PowerTap Provides Business Update Including Gen3 Hydrogen Dispensing Unit Plans and Market Focus

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Powertap,Hydrogen,Fueling Stations

PowerTap Holdings Inc. has issued a business update outlining its plans for its third-generation hydrogen dispensing units, its shift towards the heavy-duty fuel cell electric truck (FCET) market, and recent project terminations. The company also clarified its anticipated rollout timeline for Gen3 units in California.

a discussion on the Company's plan for its Gen3 hydrogen dispensing unit design and the status of the development;

a discussion on the Company’s projects which have recently been terminated and the reasons for such terminations;identification of specific related parties with whom the Company has entered into contracts with; andclarify that the Company anticipates the roll out of the Gen3 hydrogen dispensing units in California to commence in 2025; andThe enhanced disclosure in the amended and restated MD&As and revised AIF is aimed to provide the reader with a broader understanding of the Company’s...

Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance.

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