FuelPositive and Stantec Forge Strategic Alliance: Revolutionizing Hydrogen Fuel Production with Green Ammonia

FuelPositive Technologies Inc. (TSXV: FPT) (OTCQB: FPTTF), a leading developer of green ammonia production technology, announced a groundbreaking strategic partnership with Stantec, a global leader in consulting and design services for infrastructure projects. This collaboration marks a significant step towards accelerating the commercialization of FuelPositive's innovative technology and bolstering the growth of the burgeoning green hydrogen and renewable energy sectors. The partnership will focus on integrating FuelPositive's proprietary green ammonia production technology into large-scale projects, leveraging Stantec's extensive expertise in engineering, procurement, and construction (EPC) across diverse sectors, including renewable energy infrastructure, hydrogen production, and industrial decarbonization.

This strategic alliance directly addresses the increasing global demand for sustainable energy solutions. The partnership aims to overcome significant hurdles in scaling green ammonia production, a critical component in achieving global net-zero emissions targets. Green ammonia, produced using renewable energy sources, offers a promising pathway for carbon-neutral hydrogen storage and transportation, addressing the challenges associated with hydrogen's low energy density.

Stantec's Expertise: A Catalyst for FuelPositive's Growth

Stantec's involvement brings substantial value to FuelPositive's ambitious commercialization plans. Their vast experience in project management, engineering design, and regulatory compliance will be instrumental in streamlining the deployment of FuelPositive's technology. The partnership leverages Stantec’s:

• Global network: Accessing international markets and expertise for large-scale project development.
• EPC capabilities: Streamlining the engineering, procurement, and construction phases of green ammonia plants.
• Regulatory expertise: Navigating complex permitting and regulatory landscapes worldwide.
• Sustainable infrastructure experience: Applying best practices for environmentally responsible project development.

This collaborative approach is crucial for accelerating the transition to a cleaner energy future. By combining FuelPositive’s innovative technology with Stantec's extensive project delivery capabilities, the partnership significantly reduces the risks and complexities associated with deploying large-scale green ammonia production facilities. This is expected to accelerate the adoption of green ammonia as a vital component of the future green energy transition.

Green Ammonia: A Cornerstone of the Hydrogen Economy

Green ammonia is increasingly recognized as a crucial component of the global transition towards a hydrogen-based economy. Its potential applications span multiple sectors, including:

• Transportation: Fueling heavy-duty vehicles, ships, and potentially even airplanes.
• Power Generation: Providing clean energy for power plants and electricity grids.
• Industrial Processes: Replacing fossil fuels in various industrial applications, including fertilizer production.
• Energy Storage: Offering a cost-effective solution for storing and transporting renewable energy.

The demand for green ammonia is poised for exponential growth, driven by stringent emission reduction targets and government policies supporting the adoption of renewable energy sources. This partnership positions both FuelPositive and Stantec to capitalize on this burgeoning market opportunity.

Financial Implications and Future Outlook

While the specifics of the financial arrangements between FuelPositive and Stantec have not been publicly disclosed, this strategic partnership is expected to have a profound impact on FuelPositive's bottom line. By securing a strong partner with extensive industry experience and a global reach, FuelPositive significantly enhances its ability to attract investments, secure project funding, and accelerate its commercialization timeline. This partnership also improves FuelPositive's market position, increasing its competitiveness within the rapidly growing green ammonia and renewable hydrogen markets.

The collaboration is expected to lead to a significant increase in the number of green ammonia projects FuelPositive can undertake, ultimately driving revenue growth and solidifying its position as a leader in green ammonia technology. This also creates substantial opportunities for Stantec, enhancing its portfolio within the expanding sustainable infrastructure sector.

This alliance signifies a major step forward in making green ammonia a commercially viable and globally accessible solution for decarbonization. The combined strengths of FuelPositive's advanced technology and Stantec's project delivery expertise promise to accelerate the development and deployment of green ammonia projects worldwide, contributing significantly to a cleaner, more sustainable future powered by renewable energy. This partnership signals a strong commitment to the development of hydrogen energy solutions and reinforces the growing momentum behind the global transition towards a low-carbon economy. The long-term implications for both companies and the broader renewable energy industry are undeniably positive, suggesting a brighter future for sustainable energy solutions.