Alkaline Fuel Cell Power Corp. Announces Grant of Restricted Share Units
posted on Jan 19, 2023 04:05PM
Generating Revenue Today While Driving the Energy Transition of Tomorrow
TORONTO, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (“ AFCP ” or the “ Company ”), a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech, is pleased to announce that the Company has granted an aggregate of 9,541,557 restricted share units (“ RSUs ”) to certain arm’s-length consultants of the Company (each, a “ Consultant ”).
The RSUs will vest in accordance with the terms of each Consultant’s RSU agreement and in accordance with the Company’s 2021 RSU Plan. Upon vesting, each RSU entitles the holder thereof to receive one common share in the capital of the Company.
ABOUT ALKALINE FUEL CELL POWER CORP. (NEO: PWWR)
AFCP is a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech. We bring ‘Power to the People’ today, combining a stable revenue stream with a future- forward vision to commercialize our advanced hydrogen fuel cell technology to meet the massive global market need, and ultimately generate compelling returns for investors.
AFCP operates through two global entities: Fuel Cell Power NV, a wholly owned subsidiary in Belgium, and PWWR Flow Streams (“PWWR Flow”), an AFCP brand in Canada.
AFCP is well positioned to deliver ‘Power to the People’ in the global energy transition while offering a diversified cleantech growth platform for investors.
Further information is available on the Company website at https://www.fuelcellpower.com/, and the Company encourages investors and other interested stakeholders to follow it on:
LinkedIn, Twitter, Facebook, Instagram and YouTube. Common shares are listed for trading on the NEO under the symbol “ PWWR ”, the OTC Venture Exchange “ OTCQB ” under the symbol “ ALKFF ” and on the Frankfurt Exchange under symbol “ 77R ” and “WKN A3CTYF ”.
For further information, please contact:
Chief Executive Officer
+1 (647) 531- 8264
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future eventsor future performance. All statements other than statements of historical fact may beforward-looking statements or information. In certain cases, forward-looking statementscan be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” or variations of suchwords and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “achieve”. Forward-looking statements in this news release may include, but are not limited to, the issuance of RSUs, the vesting of the RSUs, statements with respect to the Company’s technology, intellectual property, business plan,objectives and strategy.
Forward-looking statements and information are provided for the purpose of providinginformation about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors andrisks. Accordingly, readers should not place undue reliance on the forward-lookingstatements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward- looking statements and informationcontained in this news release are made as of the date hereof and no undertaking is givento update publicly or revise any forward-looking statements or information, whether as aresult of new information, future events or otherwise, unless so required by applicablesecurities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
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