Dr. Gary Benninger reports

AMMPOWER ANNOUNCES THE APPOINTMENT OF GREG BARRANGER TO THE POSITION OF VICE PRESIDENT, OPERATIONS OF ITS IAMM(TM) DIVISION

Ammpower Corp. has appointed Greg Barranger to the position of vice-president of its independent ammonia-making machine (IAMM) division, effective Feb. 2, 2023.

As general manager of the IAMM division, Mr. Barranger has led his team to design Ammpower's innovative, four-metric-tonne-per-day, green ammonia IAMM unit. As part of the process, Mr. Barranger and his team have also designed, built and tested a smaller ammonia production unit in order to validate the small production unit concept. This was accomplished in approximately a year and a half. Creation of the IAMM unit will establish Ammpower as the global leader in small, modular, economically feasible and decentralized green ammonia production products and technology. Ammpower has patents pending for several aspects of the IAMM unit design.

"Mr. Barranger has done an outstanding job of bringing the IAMM unit product to life. The IAMM concept of economical, distributed, green ammonia production is a major disruptor in the way ammonia is produced and transported," stated Dr. Gary Benninger, Ammpower chief executive officer and executive chairman.

The target market for Ammpower's IAMM units are independent distributors and retailers of anhydrous ammonia used for fertilizer. However, Ammpower has recently received numerous inquiries from industry looking for ways to bring the ammonia production in-house. Ammpower is anticipating the delivery of IAMM units later this calendar year.

About Ammpower Corp.

Ammpower is a clean energy company focused on the production of green ammonia. The company is based in Toronto, Ont., with a research and manufacturing facility in southeast Michigan. The company is active in all facets of green ammonia production, including the production of green fertilizers, carbon-free shipping fuel, and the cracking, or moving, of green hydrogen as ammonia. The company is working on the development of proprietary technologies to produce green ammonia and green hydrogen at scale, including the investigation of unique catalytic reactions to bring down costs and to take advantage of carbon credits in the renewable energy space. Ammpower currently holds several letters of intent with ports in Brazil and the United States, and is currently completing its IAMM prototype to create green ammonia for the agricultural industry. The company also holds a lithium exploration property in the James Bay/Eeyou Istche region of Quebec and an option on the Titan property located in Klotz Lake area in Northwestern Ontario.

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