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Ammpower Corp
Symbol AMMP
Shares Issued 155,892,546
Close 2023-09-28 C$ 0.10
Market Cap C$ 15,589,255
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Ammpower receives ammonia synthesis tech U.S. patent

2023-09-29 09:53 ET - News Release

Mr. Gary Benninger reports

AMMPOWER CORP. ANNOUNCES ASSIGNMENT OF PATENT RIGHTS

Ammpower Corp. has been granted a utility patent by the United States Patent and Trademark Office (USPTO) for a new ammonia synthesis converter technology designed for small production units.

Development of this advanced reactor technology, specifically targeted to provide small-scale and modular green ammonia production with unmatched efficiency, was managed by Dr. Zhenyu Zhang, Ammpower chief technologist, in co-operation with SANsyco Consulting LLC and a group of experienced ammonia industry experts. Assignment of patent rights for the reactor technology to Ammpower has now been filed with the USPTO. In combination with Ammpower's know-how in product development and manufacturing, the modular independent ammonia making machine (IAMM) is set to deliver reliable and cost-effective green ammonia production solutions and revolutionize the ammonia supply model worldwide.

"The successful issue of his patent and its assignment to Ammpower reflects our commitment to staying at the forefront of technological advancements," says Dr. Gary N. Benninger, chief executive officer of Ammpower.

The ammonia synthesis converter technology is also the subject of an international Patent Cooperation Treaty (PCT) application eligible to secure IP (intellectual property) rights in PCT member states. The successful USPTO patent award and the PCT patent filing will further strengthen Ammpower's leading IP positions at a global scale in response to worldwide customer inquiries of the IAMM units.

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 southeastern 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.

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