VANCOUVER, British Columbia, February 2, 2021 – Clean Power Capital Corp. (CSE:MOVE) (FWB:2K6) (OTC:MOTNF) (“Clean Power” or the “Company” or “MOVE”). The Company is pleased to appoint Michael Andretti, Chairman and CEO of Andretti Autosport and founding partner of The Andretti Group to the advisory board of PowerTap Hydrogen Fueling Corp. (“PowerTap”). As previously announced on October 28, 2020, the Company invested in PowerTap as part of its investment strategy in the hydrogen sector.
Second-generation auto racing legend Michael Andretti, the namesake of international racing enterprise Andretti Autosport, hung up his helmet in 2003 making the full-time transition from driver to business leader. Andretti leads his businesses with the same focus and determination he showed behind the wheel of a race car and has grown the Andretti Autosport brand to global recognition, boasting a championship pedigree.
Andretti is also a founding partner of Andretti Group, dating back to 1997. The Andretti Group family of companies has grown rapidly to include chain of over 100 Retail Fuel/Convenience Store/Quick Service Restaurant (QSR) operations; Branded and Unbranded Wholesale Fuel operations; Trucking/Logistics operations; Card Lock/Fleet Fueling operations; and Full-Service Factory Authorized Maintenance operations. The enterprise operates and/or supplies facilities under the Chevron, Texaco, Shell, 76, Circle K, Pacific Pride, and CFN brands, amongst others, in a geography spanning California, Oregon, and Washington.
Expectations are high when you enter the world of racing with a name like Andretti, and Michael Andretti has been raising the bar as a driver, team owner and businessman throughout his illustrious career. Andretti knows the importance of striving for excellence and pushes to move from good to great. He raises the bar and sets new standards. He knows what it takes to be a Champion.
The 1991 CART series champion retired from professional racing as the winningest driver in CART history with 42 victories. He is also second on the list of INDYCAR laps led, right behind his father, Mario Andretti, with 6,702. Additionally, Andretti has been inducted into the Motorsports Hall of Fame (2008), the Canadian Motorsports Hall of Fame (2012) and was voted as one of CART’s most popular drivers. Andretti commented, “I’m particularly excited about helping the company grow rapidly over the coming years and serving as an advisor for PowerTap. The proprietary PowerTap technology provides critical and unique advantages as the global energy transition is in full swing. I believe hydrogen could play a critical role in the future of both consumer transportation and motorsport.”
“We are thrilled that Clean Power Capital has appointed Michael Andretti to the advisory board of PowerTap. Mr. Andretti and his family are legends in the auto racing industry and well known to all stakeholders in the transportation industry, ” said Mr. Raghu Kilambi, CEO of PowerTap Hydrogen Fueling Corp. “Mr. Andretti’s extensive network in the automobile manufacturing, gas station and truck stop industries are indispensable to PowerTap as we launch our hydrogen fueling station network across the United States.”
Engagement Renewal of First Marketing GMBH
Clean Power initially retained First Marketing GmbH (“FMG”), a leading marketing firm based in Heidelberg, Germany, on October 28, 2020, to provide marketing services focused on the European markets. Under the agreement, the service provider is to provide content distribution, translation and advertising services in Europe. The Company has elected to renew the FMG engagement and has agreed to pay the service provider up to an additional 850,000 euros to continue the marketing services over the next four months. All content created by the service provider on behalf of the Company and its investments will be reviewed and vetted in accordance with the Company’s enhanced review procedures before distribution.
About PowerTap
PowerTap is leading the charge to build out cost-effective hydrogen fueling infrastructure through its environmentally friendly intellectual property, product design for the modularized and lowest tier production cost of hydrogen and launch plan. PowerTap technology-based hydrogen fueling stations are located in private enterprises and public stations (near LAX airport) in California, Texas, Massachusetts, and Maryland. Additional information about PowerTap may be found at its website at http://www.powertapfuels.com
About Clean Power Capital Corp
Clean Power is an investment company that specializes in investing into private and public companies opportunistically that may be engaged in a variety of industries, with a current focus in the health and renewable energy industries. In particular, the investment mandate is focused on high return investment opportunities, the ability to achieve a reasonable rate of capital appreciation and to seek liquidity in our investments. A copy of Clean Power’s amended and restated investment policy may be found under the Company’s profile at https://www.sedar.com/
PowerTap Contact
Raghu Kilambi
[email protected]
Andretti Autosport
Ryann Weatherford
VP of Communications
[email protected]
PR Contact
Vito Palmeri
AMW PR
c: 347.471.4488
o: 212.542.3146
[email protected]
On Behalf of the Clean Power Capital Corp. Board of Directors
Joel Dumaresq
Joel Dumaresq CEO
+1 (604) 687-2038
[email protected]
Learn more about Clean Power by visiting our website at: https://cleanpower.capital/
THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
Notice Regarding Forward Looking Information:
This press release contains “forward-looking statements” or “forward-looking information” (collectively referred to herein as “forward-looking statements”) within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Clean Power. Some assumptions include, without limitation, the development of hydrogen powered vehicles by vehicle makers, the adoption of hydrogen powered vehicles by the market, legislation and regulations favoring the use of hydrogen as an alternative energy source, the Company’s ability to build out its planned hydrogen fueling station network, and the Company’s ability to raise sufficient funds to fund its business plan. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur or be achieved. This press release contains forward-looking statements pertaining to, among other things, the timing and ability of the Company to complete any potential investments or acquisitions, if at all, and the timing thereof. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward looking information contained in this press release.
Although the Company believes that the material factors, expectations and assumptions expressed in such forward- looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance.
The forward-looking information contained in this release is expressly qualified by the foregoing cautionary statements and is made as of the date of this release. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward- looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.
IMPORTANT NOTICE AND DISCLAIMER
Paid Advertisement
This communication is a paid advertisement. ValueTheMarkets is a trading name of Digitonic Ltd, and its owners, directors, officers, employees, affiliates, agents and assigns (collectively the “Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by CLEAN POWER CAPITAL CORP. to conduct investor awareness advertising and marketing and has paid the Publisher the equivalent of five hundred thousand US dollars to produce and disseminate this and other similar articles and certain related banner advertisements. This compensation should be viewed as a major conflict with the Publisher’s ability to provide unbiased information or opinion.
Changes in Share Trading and Price
Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to adversely affect share prices. Frequently companies profiled in our articles experience a large increase in share trading volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in share trading volume and share price may likely occur.
No Offer to Sell or Buy Securities
This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security.
Information
Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position.
This communication is based on information generally available to the public and on an interview conducted with the company’s CEO, and does not contain any material, non public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher does not guarantee the accuracy or completeness of the information. Further, the information in this communication is not updated after publication and may become inaccurate or outdated. No reliance should be placed on the price or statistics information and no responsibility or liability is accepted for any error or inaccuracy. Any statements made should not be taken as an endorsement of analyst views.
No Financial Advice
The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser or a financial adviser. The Publisher has no access to non-public information about publicly traded companies. The information provided is general and impersonal, and is not tailored to any particular individual’s financial situation or investment objective(s) and this communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor or a personal recommendation to deal or invest in any particular company or product. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results.
Forward Looking Statements
This communication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. Statements in this communication that look forward in time, which include everything other than historical information, are based on assumptions and estimates by our content providers and involve risks and uncertainties that may affect the profiled company’s actual results of operations. These statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results and performance to differ materially from any future results or performance expressed or implied in the forward-looking statements. These risks, uncertainties and other factors include, among others: the success of the profiled company’s operations; the size and growth of the market for the company’s products and services; the company’s ability to fund its capital requirements in the near term and long term; pricing pressures; changes in business strategy, practices or customer relationships; general worldwide economic and business conditions; currency exchange and interest rate fluctuations; government, statutory, regulatory or administrative initiatives affecting the company’s business.
Indemnification/Release of Liability
By reading this communication, you acknowledge that you have read and understand this disclaimer in full, and agree and accept that the Publisher provides no warranty in respect of the communication or the profiled company and accepts no liability whatsoever. You acknowledge and accept this disclaimer and that, to the greatest extent permitted under applicable law, you release and hold harmless the Publisher from any and all liability, damages, injury and adverse consequences arising from your use of this communication. You further agree that you are solely responsible for any financial outcome related to or arising from your investment decisions.
Terms of Use and Disclaimer
By reading this communication you agree that you have reviewed and fully agree to the Terms of Use found here https://www.valuethemarkets.com/terms-conditions/ and acknowledge that you have reviewed the Disclaimer found here https://www.valuethemarkets.com/disclaimer/. If you do not agree to the Terms of Use, please contact ValueTheMarkets.com to discontinue receiving future communications.
Intellectual Property
All trademarks used in this communication are the property of their respective trademark holders. Other than Valuethemarkets.com, the Publisher is not affiliated, connected, or associated with, and the communication is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks other than Valuethemarkets.com.
Authors: ValueTheMarkets
Valuethemarkets.com and Digitonic Ltd and our affiliates are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above. This article does not provide any financial advice and is not a recommendation to deal in any securities or product. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.
ValueTheMarkets do not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above piece. ValueTheMarkets have been paid to produce this piece by the company or companies mentioned above. Digitonic Ltd, the owner of ValueTheMarkets.com, has been paid for the production of this piece by the company or companies mentioned above.
