Aberdeen International Inc. (TSX: AAB) (OTC: AABVF) (FR: A8H) today announced the rebranding of its portfolio company, AES-100 Inc., to Progressus Clean Technologies(TM). Progressus is a private company with ownership held by PowerTap (NEO: MOVE) (OTC: MOTNF) (FWB: 2K6), Aberdeen International and a minority position being privately held. According to the update, the new name and brand marks a significant first step towards successful commercialization of Progressus’ unique green hydrogen technology and continued vision in becoming a leading clean energy company. “Progressus is the Latin word for advancement, and its suiting because our technology has the ability to transform the way our world uses green energy,” said Channce Fuller, president and CEO of Progressus. “Establishing a new brand and market presence is a key first step to the successful commercialization of our technology. This exciting milestone allows Progressus to pursue additional business opportunities going forward and brings us closer in providing clean hydrogen energy to residential homes.”
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About PowerTap Hydrogen Capital Corp.
PowerTap Hydrogen Capital, through its wholly owned subsidiary, PowerTap Hydrogen Fueling Corp. (“PowerTap”), is focused on installing hydrogen production and dispensing fueling infrastructure in the United States. PowerTap’s patented solution has been developed over 20 years. PowerTap is now commercializing its third-generation blue hydrogen product that will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure. There are currently under 100 operational publicly available hydrogen stations in the United States with most of the existing stations purchasing industrial hydrogen from industrial manufacturers and shipping hydrogen to individual stations via tanker trucks. PowerTap Hydrogen common shares are listed on the NEO Exchange. Please visit the company’s profile on the NEO Exchange website at https://www.neo.inc/en/live/security-activity/MOVE%23!/market-depth#!/market-depth.
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF
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