PowerTap Announces Appointment of Former Toyota Executive Yves Gionet to the PowerTap Advisory Board

NEWPORT BEACH, Calif., April 05, 2021 (GLOBE NEWSWIRE) -- PowerTap Hydrogen Fueling Corp. (“PowerTap” or the “Company”). The Company is pleased to announce that it has appointed Mr. Yves Gionet, a former Toyota executive, to its advisory board.

Mr. Gionet, a former Toyota executive, was part of the team that launched Lexus Canada in 1990 and finished his Toyota career leading the division. During his 40-year illustrious career, Mr. Gionet demonstrated a strong focus on brand and dealer network development which served him and Toyota well in transforming the Toyota and Lexus network for growth in the year 2000 and beyond. With the arrival of the new Lexus IS in 2005, Mr. Gionet was a key team member in the launch of Lexus Canada’s “Moments” campaign as a way to link the values of L-finesse, the basis of the IS design philosophy and the Lexus brand philosophy to the promise of seeking out something personal, of real value. This lead to Mr. Gionet’s leadership of Lexus Canada from 2006 to 2008.

“I am thrilled to join the PowerTap advisory board in its effort to bring blue hydrogen infrastructure to the industry,” said Mr. Gionet. He continued, “Infrastructure is the most critical piece right now for the future of hydrogen in transportation in North America and beyond.”

PowerTap’s President, Salim Rahemtulla stated that “Yves Gionet’s relationships in the automotive industry are invaluable to PowerTap. We are excited to welcome Mr. Gionet to the advisory board and looking forward to being a beneficiary of his expertise in the automotive industry.”

ABOUT POWERTAP

PowerTap is a California-based hydrogen fueling technology company. 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 and the Hydrogen Industry may be found at its website at http://www.powertapfuels.com

The majority shareholder of PowerTap is Clean Power Capital Corp. (“Clean Power”), who owns 94.5% of PowerTap. Clean Power’s common shares are listed on the Canadian Securities Exchange under the symbol “MOVE”. The shares of Clean Power are also quoted on the Frankfurt Exchange under the symbol “2K6” and on the OTC Markets under the symbol “MOTNF”.

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 its investments.

Learn more about Clean Power by visiting our website at: https://cleanpower.capital/

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Clean Power Contact
Salim Rahemtulla, President
[email protected]

PR Contact
Vito Palmeri
AMW PR
c: 347.471.4488 | o: 212.542.3146
[email protected]

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 PowerTap. 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.