AFCP’s Belgian subsidiary, Fuel Cell Power NV, obtains ISO

TORONTO, Sept. 07, 2022 (GLOBE NEWSWIRE) — Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB: ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (“AFCP” or the “Company”), a diversified investment platform developing affordable, renewable and reliable energy assets and clean technologies, is pleased to announce that Fuel Cell Power NV (“FCP NV”), the Company’s wholly-owned Belgian subsidiary , has obtained ISO 9001:2015 certification for its quality management system from BQA NV in accordance with international standards of the International Organization for Standardization (ISO). The scope of FCP NV certification is the development of alkaline fuel cells.

Figure 1- Fuel Cell Power NV staff gather in Belgium for ISO 9001:2015 certification announcement.

“Achieving ISO 9001:2015 Quality Management System certification reflects the entire team’s goal to become best in class in the industry. The integration of this quality management system with customer demands and consumer needs, combined with fast-paced engineering, is the perfect foundation to achieve our goal of becoming a cost leader in our global operating environment,” said Jo Verstappen, Managing Director of FCP NV.

“I would like to congratulate our Belgian team for this tremendous achievement; they have worked tirelessly to maintain our development schedule and expand our product development to fuel cell generators,” said Frank Carnevale, Managing Director. “Achieving ISO 9001 certification represents another key milestone in AFCP’s journey and provides important third-party validation of the company’s focus and unwavering commitment to reliability, quality assurance and security.”

About ISO 9001:2015

ISO 9001:2015 is a globally recognized quality management standard developed and published by the International Organization for Standardization (ISO). The certification provides a template for businesses of all types and sizes to use to implement an effective quality management system. The standard is based on several quality management principles, including a strong customer orientation, the involvement of the company’s senior management, a process-based approach and continuous improvement of the aforementioned approach. For more information on standards, please visit www.iso.org.

ABOUT ALKALINE FUEL CELL POWER CORP. (NEO: PWWR)

The AFCP is a diversified investment platform developing affordable, renewable and reliable energy assets and clean technologies. We are bringing “Power to the People” today, combining a stable revenue stream with a forward-looking vision to commercialize our advanced hydrogen fuel cell technology to meet the massive needs of the global market and ultimately account, generate attractive returns for investors.

AFCP operates through two global entities: Fuel Cell Power NV, a wholly-owned subsidiary in Belgium, and PWWR Flow Streams (“PWWR Flow”), an AFCP brand in Canada.

  • Fuel Cell Power SA focuses on the development, production and marketing of micro-CHP systems and off-grid and standby power generators based on advanced fuel cell technology alkaline which generate no CO2 emissions. Fuel Cell Power NV achieves major milestones to deliver an alkaline fuel cell to market in 2024.
  • PWWR stream focuses on the development, ownership and operation of combined heat and power (“CHP”) assets. PWWR Flow assets deliver efficiency improvements of over 20% with reduced costs for customers in multi-residential and commercial applications. PWWR Flow has contracted existing cogeneration assets in Toronto, Canada, and has an additional pipeline of potential contracts valued at over $50 million currently in development.

The AFCP is well positioned to deliver “power to the people” in the global energy transition while providing a platform for diversified cleantech growth for investors.

Further information is available on the Company’s website at https://www.fuelcellpower.com/, and the Company encourages investors and other interested stakeholders to follow it at:

LinkedIn, Twitter, Facebook, Instagram and YouTube. The Common Shares are listed on the NEO Exchange (“NEO”) under the symbol “PWWR”, on the OTC Venture Exchange “OTCQB” under the symbol “ALKFF” and on the Frankfurt Stock Exchange under the symbol “77R”. and “WKN A3CTYF”.

For more information, please contact:

Frank Carnevale
Chief executive officer
+1 (647) 531-8264
[email protected]

Forward-looking information

This press 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 some cases, forward-looking statements can be identified by the use of words such as “anticipates”, “expects” or “does not expect”, “is expected”, “estimates”, “expects” , “intends”, “anticipates”, “believes” or variations of these words and phrases or statements that certain actions, events or results “could”, “could”, “might”, “could”, ” occur” or “accomplish”. Forward-looking statements may include, but are not limited to, statements regarding 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 the Company’s management regarding the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Because forward-looking statements and information relate to future events and conditions, they, by their very nature, 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 press release. Readers are cautioned that the above list of factors is not exhaustive. The forward-looking statements and information contained in this press release are made as of the date hereof, and no obligation is given to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. Forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.

NEITHER THE NEO EXCHANGE NOR ITS REGULATORY SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE NEO EXCHANGE POLICIES) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS COMMUNICATION.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b44b0c07-255a-478b-a827-792c5750cb11

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