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TORONTO, March 15, 2023 (GLOBE NEWSWIRE) — Alkaline Gas Cell Energy Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (“PWWR” or the “Firm”), a diversified funding platform growing inexpensive, renewable, and dependable power property and cleantech, is happy to announce that the Firm has entered right into a non-binding letter of intent (the “LOI”) with Koben Methods Inc. (“Koben”), a licensed distributor of GENIUS, the one hybrid stable state power enterprise breaker panel. The LOI summarizes the intentions of the Firm and Koben to enter right into a Joint Enterprise (“JV”) for the combination of the GENIUS Power Hub with PWWR’s gas cell (the “Pilot”).

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“The mixing of this GENIUS Power Hub breaker panel would allow PWWR gas cell techniques to robotically shift any/all energy sources based mostly on time, worth, and availability, thus enable PWWR gas cell techniques to operate because the quarterback for all on-site energy sources,” said Frank Carnevale, Chief Govt Officer of PWWR. “This pilot is about enhancing the worth proposition to prospects in delivering Energy to the Individuals, and using AI would add one other win for customers.”

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“This decade kicked off the adoption of fresh power and the necessity to electrify every part to speed up emission discount inside our constructed atmosphere. We’re happy to align with Alkaline Gas Cell Corp. to advance our imaginative and prescient to convey innovation to the power and the prop-tech trade,” said Vic Burconak, Chief Govt Officer of Koben. “We see this collaboration between Alkaline Gas Cell Energy Corp. and GENIUS Power Hub as a mission crucial step in making power customers conscious of their power use and offering consumer particular management with AI.”

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Determine 1 – picture of GENIUS Power Hub

Determine 2 – picture of PWWR Jupiter 1.0 prototype, 4 kW CHP

Joint Enterprise Particulars

PWWR and Koben will search to combine GENIUS Power Hub with Jupiter 1.0 or 4 kW gas cell generator at a buyer’s website to offer energy for back-up, peaking and/or Demand Power Sources (“DER”) circumstances. The scope of labor can be outlined within the definitive settlement regarding the JV. There are a number of objects required to execute the JV, together with:

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PWWR has recognized a number of potential pilot venture websites. Koben and PWWR anticipate to barter and execute the JV inside 90 days from execution date of LOI, until prolonged by the events.

2023 Priorities

As per the Mach 6, 2023 announcement of listing of 2023 priorities, PWWR is intending to make use of this Pilot in the direction of demonstrating the improved worth to prospects and potential companions and distributors, thus aimed to ship nearer time period gross sales faster.

PWWR has entry to $5 million in debt financing (the “Financing”), and intends to assist prices in strategic gas cell Pilots.

About Koben Methods Inc.

Koben is a licensed distributor of GENIUS, some of the superior power enterprise system hybrid stable state breaker panels. Its hybrid stable state electrical panel is designed to interchange the ever-present 100-year-old mechanical breaker field. GENIUS robotically shifts any hooked up power useful resource based mostly on time, worth, and availability. Its bidirectional function means the property can operate independently, or with the neighborhood grid. GENIUS will be networked throughout all properties and communities, cities, and international locations, conforming to any regulatory format anyplace on the planet.

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GENIUS Power Hub is hybrid stable state know-how that permits agnostic integration of a number of power sources on the identical time. GENIUS provides varied configurations for integration from on-grid internet metering, off-grid, entire dwelling back-up, back-up for single part masses or any mixture thereof. At the moment’s mechanical system integrations have many parts leading to extreme prices for supplies and set up. Integrating with GENIUS reduces a number of parts to permit for seamless and easy orchestration of power sources that may be managed from a unified platform referred to as GENIUS Q.

GENIUS Power Hub is without doubt one of the most superior breaker panel applied sciences that optimizes power utilization within the constructed atmosphere often called prop-tech. GENIUS removes the barrier to decarbonization of properties – lowering carbon emissions in Koben’s quest to enhance our Carbon constrained world.

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ABOUT
ALKALINE
FUEL
CELL
POWER
CORP.
(NEO:
PWWR)

PWWR is a diversified funding platform growing inexpensive, renewable, and dependable power property and cleantech. We convey ‘Energy to the Individuals’ at the moment, combining a secure income stream with a future- ahead imaginative and prescient to commercialize our superior hydrogen gas cell know-how to fulfill the large international market want, and finally generate compelling returns for buyers.

PWWR operates by two international entities: Gas Cell Energy NV, an entirely owned subsidiary in Belgium, and PWWR Stream Streams (“PWWR Stream”), an AFCP model in Canada.

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PWWR is properly positioned to ship ‘Energy to the Individuals’ within the international power transition whereas providing a diversified cleantech progress platform for buyers.

Additional data is on the market on the Firm web site at https://www.fuelcellpower.com/, and the Firm encourages buyers and different stakeholders to observe it on:

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LinkedIn, Twitter, Fb, Instagram and YouTube. Frequent shares are listed for buying and selling on the NEO below the image “PWWR”, the OTC Enterprise Change “OTCQB” below the image “ALKFF” and on the Frankfurt Change below image “77R” and “WKN A3CTYF”.

For
additional
data,
please
contact:

Frank Carnevale
Chief
Govt
Officer
+1
(647)
531-8264
fcarnevale@fuelcellpower.com

Ahead-Wanting
Data

This information launch comprises forward-looking statements and forward-looking data throughout the which means
of
relevant
securities
legal guidelines.
These
statements
relate
to
future
occasions
or
future
efficiency.
All statements
different
than
statements
of
historic
truth
might
be
forward-looking
statements
or
data.
In sure
instances,
forward-looking
statements
can
be
recognized
by
the
use
of
phrases
such
as
“plans”,
“expects” or “doesn’t anticipate”, “is anticipated”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” or variations
of
such
phrases
and
phrases
or
statements
that
sure
actions,
occasions
or
outcomes
“might”,
“might”, “would”, “may”, “happen” or “obtain”. Ahead-looking statements on this information launch might embody, however aren’t restricted to, the JV and the phrases related therewith, the JV and timelines related therewith, the anticipated advantages arising from the JV and the Pilot for each PWWR and Koben, statements
with
respect
to
the
Firm’s and Koben’s the Genius know-how, the Financing and meant use of proceeds from the Financing,
mental
property,
enterprise
plan,
aims
and technique.

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Ahead-looking
statements
and
data
are
supplied
for
the
goal
of
offering
data
concerning the present expectations and plans of administration of the Firm regarding the long run. Readers are cautioned that reliance on such statements and data might not be applicable for different functions, resembling making funding choices. Since forward-looking statements and data handle future occasions and circumstances, by their very nature they contain inherent dangers and uncertainties. Precise outcomes might
differ materially
from
these
at the moment
anticipated
due
to
a
variety of
elements
and
dangers.
Accordingly, readers
ought to
not
place undue reliance
on
the
forward-looking
statements
and
data
contained
on this information
launch. Readers
are cautioned that the foregoing listing of things isn’t
exhaustive. The forward- wanting
statements
and
data
contained
in
this
information
launch
are
made
as
of
the
date
hereof
and
no enterprise
is
given
to
replace
publicly
or
revise
any
forward-looking
statements
or
data,
whether or not as
a
end result
of
new
data,
future
occasions
or
in any other case,
until
so
required
by
relevant
securities
legal guidelines. The forward-looking statements or data contained on this information launch are expressly certified by this cautionary assertion.

NEITHER THE NEO EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE NEO EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Images accompanying this announcement can be found at
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