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Pure Extraction Corp.: PURX HYDROGEN POWERED SYSTEM STRATEGY FOR NET ZERO

·2-min read

DGAP-News: Pure Extraction Corp. / Key word(s): Miscellaneous
27.09.2021 / 03:47
The issuer is solely responsible for the content of this announcement.

Pure Extraction Corp.
Suite 440
755 Burrard Street
Vancouver, British Columbia V6Z 1X6

For Immediate Release TSXV/PURX/OTC/PURXF/FSE/FIT1


PURX HYDROGEN POWERED SYSTEM STRATEGY FOR NET ZERO

Vancouver, B.C., September 27, 2021 - Vancouver, British Columbia - Pure Extraction Corp. ("PURX" or the "Company") is pleased to announce its move toward a net zero emission plan in its business development. The Company intends to offer a hydrogen fuel cell powered supercritical CO2 extractor system that will be zero-emission, fully mobile and non-grid reliant. The Company is reviewing hydrogen fuel cells that are available on the market today.

The fuel cell powered supercritical CO2 extraction systems will allow users to operate the systems in remote locations where there are no electrical power grids available, or the electrical power is unstable. This already developed supercritical CO2 extraction system is fully operational and can be monitored and supported remotely by the Company's in house fully integrated software operating system. The system can be used for remote online training and commissioning of the supercritical CO2 extraction system including online diagnostics of the fully automated extractor. The Company anticipates to have this new state-of-the-art Hydrogen powered Generation V extraction system available by the end of the year.

The Company is designing and developing a hydrogen fuel cell powered light commercial vehicle under two agreements with AVL Powertrain UK Ltd. and Ballard Power Systems Inc. as announced in our news release of June 11, 2021.

To better define the Company's zero-emission initiative, PURX will change its name to First Hydrogen Corp., subject to TSX-V approval. Pursuant to the provisions of the articles of the company, shareholder approval of the name change is not required, and consequently, the company is not seeking shareholder approval for the name change. There is no consolidation of the company's share capital in connection with the name change. Shareholders are not required to exchange their existing share certificates for new certificates bearing the company's new name.

On behalf of the Board of Directors of
PURE EXTRACTION CORP.


"Balraj Mann"
Director, President, Chief Executive Officer

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 


27.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Pure Extraction Corp.

755 Burrard St Suite 440

V6Z 1X6 Vancouver

Canada

Internet:

www.pureextraction.com

EQS News ID:

1236165


 

End of News

DGAP News Service

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