Innova Hydrogen Corp. announces the positive results of the initial prototype and the analysis of the hydrogen, graphite and graphene produced

0

After the initial testing and analysis of hydrogen samples at the University of Alberta Using its gas chromatography equipment, the results of independent third parties were submitted to a laboratory of Edmonton, Alberta which confirmed that high purity hydrogen was produced through a permeable barrier.

The analysis of solid carbon products was recently carried out at University of Alberta using X-ray diffraction, electron microscopes and analysis of Raman spectra which confirmed the presence of both graphite and graphene (see Figure 1). This is of major importance for the value chain, especially in reducing the Company’s unit cost of hydrogen when capturing this additional revenue stream. Graphite and graphene are high value materials used in a wide range of applications such as batteries, solar cells, biomedical devices, electronics, superconductors, building materials, sporting goods, clothing and aerospace, to name a few.

Figure 1: Innova sample of graphite and graphene molecules at 11,510 magnification

Plans for the optimization of the Innova prototype and the laboratory pilot project as well as the commercialization of Innova’s technology to strategic financial investors, industrial partners and customers continue to progress. Various materials have been purchased and modeling is underway to improve upon the already successful initial lab prototype. An updated presentation including the way forward for Innova will be available on the Company’s website at www.innovahydrogen.com.

Brian alford, President and CEO, said: “The results obtained over the past few weeks validate Innova’s strategy to become a leader in the pursuit and development of the best, low-cost, clean hydrogen technology. . We produce pure hydrogen and precious graphite. and zero carbon graphene. “

About Innova Hydrogen Corp.

Innova’s vision is to develop clean, zero-emission energy technologies to produce high-quality, high-demand, carbon-free hydrogen and by-products.

Innova’s revolutionary and exclusive HIPMT The technology transcends the existing carbon emission processes currently used in the energy sector by creating value zero carbon products: high purity hydrogen gas and customizable and bespoke graphite / graphene.

Innova’s current intellectual property includes patent-pending technology for the production of hydrogen and graphite / graphene, which will be used to support a global patent protection strategy, and a roadmap for further proprietary advancements in clean energy technology.

For more information on the Company, please see the Company’s profile on SEDAR at www.sedar.com.

Forward-looking statements and information

This press release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”), including forward-looking statements within the meaning of the “safe harbor” provisions of applicable securities laws, which are based on Innova principles current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. All statements other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements may be identified by words such as “expects”, “will”, “will”, “anticipates”, “plans”, “estimates”, “develop”, “intention” , “Potential”, “continue”, “could”, “create” and similar expressions suggesting future events or future performance.

In particular, this document contains forward-looking statements regarding, without limitation: the intended use of the net proceeds of the Private Placement; Innova’s vision, operational strategies, future plans and development of its technologies, including that of Innova HIP ownerMT technology and related management expectations.

These forward-looking statements are based on certain expectations and assumptions that Innova has made with regard to them as of the date of this press release concerning, among other things: that favorable circumstances continue to exist with regard to the planned operations and plans for current and future growth, including Innova HIPMT Technology; demand for low-emission technologies; the availability of capital to finance the Company’s future capital needs; applicable regulatory, fiscal and environmental laws and regulations; the development of Innova’s processes and technologies (including HIPMT Technology) in a manner consistent with management’s expectations in this regard; prevailing commodity prices (including hydrogen and graphene), interest rates and tax rates; future operating costs; the availability and ability of the Company to obtain government incentives and grants; and that all required regulatory approvals can be obtained under the necessary conditions in a timely manner.

Although Innova believes that the expectations and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that such expectations and assumptions will prove to be correct. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: failure to realize the expected benefits from the technologies of Innova (including HIPMT Technology); material cost overruns linked to the development of Innova’s technologies (including HIPMT Technology) or any significant delay relating thereto; adverse changes in general economic and market conditions, demand for Innova’s products, future rates and / or prices of hydrogen production, the prevailing regulatory environment and / or levels of overall industry activity; adverse actions by government or regulatory authorities; the risks associated with the current and potential negative impacts of the COVID-19 pandemic; failure to achieve expected operating results relative to Innova’s business initiatives; and the inability to access various sources of debt and equity capital.

The foregoing list of risk factors should not be considered exhaustive. Readers are cautioned that events or circumstances could cause results to differ materially from those predicted, predicted or projected. The forward-looking statements contained in this document speak only as of the date of this press release. Innova assumes no obligation to publicly update or revise any forward-looking statements or information contained in this document, except as required by applicable laws. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

SOURCE Innova Hydrogen Corp.

Source link
Share.

About Author

Leave A Reply