Alkaline Fuel Cell Power Corp. ring the opening bell at NEO Exchange

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VANCOUVER, British Columbia, July 21, 2021 (GLOBE NEWSWIRE) – Power Corp. Alkaline Fuel Cell (NEO: PWWR) (“AFCP“or the”Company“), a company focused on the design, development and marketing of alkaline fuel cell heating and power systems for the residential, industrial and commercial markets around the world, celebrated the company’s listing on the NEO Exchange (“NEO”) by virtually ringing the opening bell at 9:30 am ET today Senior management of the company participated in the recognition ceremony for the AFCP which began trading on the NEO on July 16, 2021 under the ticker symbol “PWWR”.

“We are delighted to open the market with NEO today after our first day of trading last week,” said Jef Spaepen, CEO of AFC Power. “Our solution generates electricity and an equivalent amount of heat with zero CO2 emissions and pure water as the only by-product, making it ideal for spaces that need electricity and low heat. scale, including residential homes, apartment buildings and office spaces as well as applications where heat produced is not needed, such as electric vehicle charging stations, computer equipment, power supply back-up for cell phone towers and hospitals, temporary power for construction sites, and much more. We believe that a disruptive, technology-centric exchange like NEO is the ideal market for AFCP to advance our technology.

As the global demand for clean, cost-effective energy solutions grows, investors are also looking for opportunities that support positive environmental, social and governance (“ESG”) narratives.

Please visit our website to learn more at https://www.fuelcellpower.com/ and follow us on LinkedIn, Twitter, Facebook and Instagram.

About Alkaline Fuel Cell Power Corp.

The Company is focused on the development, production and final commercialization of micro-cogeneration systems (“micro-CHP”) based on alkaline fuel cell technology. A fuel cell is a system for converting / producing clean electrical energy, similar to small power plants that provide electricity and an equivalent amount of heat for a variety of purposes. Based on hydrogen powered alkaline fuel cell technology, our technology provides an energy source that generates zero CO2 emissions with pure water as the only by-product, making it ideal for markets. residential and small to medium size electricity. We believe the Company is well positioned to become a positive contributor to the global demand for clean energy, particularly in Europe where demand exceeds supply and current technology remains inadequate to meet market needs. Further information is available on our website at https://www.fuelcellpower.com/ and on our SEDAR profile at www.sedar.com. We encourage investors and other interested stakeholders to follow us on LinkedIn, Twitter, Facebook and Instagram. Our common shares are listed on the NEO Exchange under the symbol “PWWR”.

For more information, please contact:

Forward-looking informationThis press release contains beforeforward-looking and forward-looking statementssearch for information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact can be transmittedstatements or research information. In some cases, forward-looking statements may be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “forecasts”. “,” The intention “,” “anticipates”, “believes” or variations of these words and expressions or statements that certain actions, events or results “could”, “could”, “would”, “could”, ” to occur ”or“ to achieve ”. Forward-looking statements may include, without limitation, statements regarding technology, intellectual property, the business plan, objectives and strategy of the Company.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of the Company’s management for 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 beforeforward-looking statements and information relate to future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently expected due to a number of factors and risks. Therefore, readers should not place undue reliance onthe forward-looking statements and information contained in this press release. Readers are cautioned that the above list of factors is not exhaustive. The frontforward-looking statements and information contained in this press release are made as of the date hereof and no commitment is made to publicly update or reviseforward-looking statements or information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.

NEO NEO EXCHANGE NOR ITS REGULATORY SERVICE PROVIDER (AS DEFINED IN THE POLICIES OF NEO EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS COMMUNICATION.

Source: Alkaline Fuel Cell Power Corp.


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