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Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (" PWWR " or the " Company "), a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech, is pleased to announce that the Company has appointed J. Michael Sullivan as a consultant of the Company (the " Consultant ").
"I am very pleased to add Mike Sullivan as a Strategic Consultant to the Company. I expect his experience in structured financial vehicles, including flow through offerings for cleantech and hydrogen-based opportunities will be a tremendous asset to PWWR," stated Frank Carnevale, CEO of PWWR.
In connection with the appointment of the Consultant to the Company, the Company granted an aggregate of 600,000 restricted share unit (each, a " RSU ") to the Consultant, pursuant to the terms of a consulting agreement entered into between the Company and the Consultant (the " Consulting Agreement "). The RSUs will vest in accordance with the terms of the Consulting Agreement and in accordance with the Company's 2021 RSU Plan. Upon vesting, each RSU will entitle the holder thereof to receive one common share in the capital of the Company.
ABOUT MR. SULLIVAN
Mr. Sullivan is an energy sector executive with over 35 years in energy infrastructure project and corporate finance related businesses. He has experience as CEO and/or CFO in resource extraction, energy processing and renewable energy sectors. Mr. Sullivan has been responsible for over $3 billion capital investment in infrastructure projects. Specifically, Mr. Sullivan has extensive experience in structured financing vehicles including flow-through share offerings in clean technologies and hydrogen-based opportunities.
Mr. Sullivan graduated from the University of New Brunswick with a Bachelor of Business Administration degree in Finance and Economics. Mr. Sullivan holds a Chartered Financial Analyst designation and attended the Rotman School of Management at the University of Toronto executive programs in advanced financial management and structuring.
ABOUT Â ALKALINE Â FUEL Â CELL Â POWER Â CORP. Â (NEO: Â PWWR)
PWWR is a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech. We bring ‘Power to the People' today, combining a stable revenue stream with a future- forward vision to commercialize our advanced hydrogen fuel cell technology to meet the massive global market need, and ultimately generate compelling returns for investors.
PWWR is well positioned to deliver ‘Power to the People' in the global energy transition while offering a diversified cleantech growth platform for investors.
Further information is available on the Company website at https://www.fuelcellpower.com/, and the Company encourages investors and other interested stakeholders to follow it on:
LinkedIn, Twitter, Facebook, Instagram and YouTube. Common shares are listed for trading on the NEO under the symbol " PWWR ", the OTC Venture Exchange " OTCQB " under the symbol " ALKFF " and on the Frankfurt Exchange under symbol " 77R " and " WKN A3CTYF ".
For  further  information,  please  contact:
Frank  Carnevale
Chief  Executive  Officer
+1 Â (647) Â 531- Â 8264
fcarnevale@fuelcellpower.com
Forward-Looking  Information
This news release contains forward-looking statements and forward-looking information within the meaning  of  applicable  securities  laws.  These  statements  relate  to  future  events  or  future  performance.  All statements  other  than  statements  of  historical  fact  may  be  forward-looking  statements  or  information.  In certain  cases,  forward-looking  statements  can  be  identified  by  the  use  of  words  such  as  "plans",  "expects" or "does not expect", "is expected", "estimates", "forecasts", "intends", "anticipates", "believes" or variations  of  such  words  and  phrases  or  statements  that  certain  actions,  events  or  results  "may",  "could", "would", "might", "occur" or "achieve". Forward-looking statements in this news release may include, but are not limited to, the issuance of the RSUs, the appointment of Mr. Sullivan as Consultant and expectations relating thereto, and statements  with  respect  to  the  Company's  technology,  intellectual  property,  business  plan,  objectives  and  strategy  .
Forward-looking  statements  and  information  are  provided  for  the  purpose  of  providing  information  about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could  differ materially  from  those  currently  anticipated  due  to  a  number of  factors  and  risks.  Accordingly, readers  should  not  place undue reliance  on  the  forward-looking  statements  and  information  contained  in this news  release. Readers  are cautioned that the foregoing list of factors is not  exhaustive. The forward- looking  statements  and  information  contained  in  this  news  release  are  made  as  of  the  date  hereof  and  no undertaking  is  given  to  update  publicly  or  revise  any  forward-looking  statements  or  information,  whether as  a  result  of  new  information,  future  events  or  otherwise,  unless  so  required  by  applicable  securities  laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
NEITHER THE NEO EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE NEO EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
