AmmPower Corp. Announces Assignment of Patent Rights
September 29 - Toronto, Ontario - AmmPower Corp. (CSE:AMMP) (OTC:AMMPF) (FSE:601A) (the "Company" or "AmmPower") an industry leader in innovative green ammonia solutions, is pleased to announce that a new ammonia synthesis converter technology designed for small production units has been granted a utility patent by the United States Patent and Trademark Office (USPTO).
Development of this advanced reactor technology, specifically targeted to provide small-scale and modular green ammonia production with unmatched efficiency, was managed by AmmPower Chief Technologist, Dr. Zhenyu Zhang, in cooperation with SANsyco Consulting, LLC and a group of experienced ammonia industry experts. Assignment of patent rights for the reactor technology to AmmPower has now been filed with the USPTO. In combination with AmmPower's know-how in product development and manufacturing, the modular Independent Ammonia Making Machine (IAMM™) is set to deliver reliable and cost-effective green ammonia production solutions and revolutionize the ammonia supply model worldwide.
"The successful issue of his patent and its assignment to AmmPower reflects our commitment to staying at the forefront of technological advancements," says Dr. Gary N. Benninger, CEO of AmmPower Corp.
The ammonia synthesis converter technology is also the subject of an international Patent Cooperation Treaty (PCT) application eligible to secure IP rights in PCT member states. The successful USPTO patent award and the PCT patent filing will further strengthen AmmPower's leading IP positions at a global scale in response to worldwide customer inquiries of the IAMM units.
About Ammpower
Ammpower is a clean energy company focused on the production of green ammonia. The company is based in Toronto, Ontario, with a research and manufacturing facility in Southeast Michigan. The company is active in all facets of green ammonia production, including the production of green fertilizers, carbon free shipping fuel, and the 'cracking', or moving of green hydrogen as ammonia. The company is working on the development of proprietary technologies to produce green ammonia and green hydrogen at scale, including the investigation of unique catalytic reactions to bring down costs and to take advantage of carbon credits in the renewable energy space. Ammpower currently holds several LOIs with ports in Brazil, the United States, and is currently completing its IAMM(TM) prototype to create green ammonia for the agricultural industry.
On Behalf of the Board of Directors
Gary Benninger
Chief Executive Officer
Investor Relations
512-850-7711
invest@ammpower.com
Forward-Looking Statements
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