Mr. Salim Rahemtulla reports

MAJOR GLOBAL TRUCK OEM TO EXPAND FUELING NETWORK WITH POWERTAP AND ITS UNIQUE ON-SITE HYDROGEN PRODUCTION AND DISPENSING UNIT IN A STRATEGIC PARTNERSHIP

Powertap Hydrogen Fueling Corp., a wholly owned subsidiary of Powertap Hydrogen Capital Corp., has entered into a hydrogen purchase agreement (HPA) with a major original equipment manufacturer (OEM) of hydrogen fuel cell electric vehicles (FCEV). The companies intend to collaborate to encourage adoption of the OEM's Class 8 zero-emission vehicles with the deployment of Powertap's on-site clean hydrogen production systems.

Under the terms of the HPA, Powertap will initiate development of an initial hydrogen fueling facility in the State of California to start. Each additional station will be under its own separate HPA. These facilities will provide solutions for on-site clean hydrogen production and dispensing to support the OEM's key customers and advance efforts to decarbonize the transport sector. This will allow the OEM's trucking customers to access clean hydrogen produced on-site and dispensed directly at Powertap's fuelling stations, reducing transportation costs and improving supply chain efficiency. Both companies plan to execute similar agreements together, developing additional hydrogen fuelling stations across North America, building the hydrogen fuelling infrastructure to help the OEM's customers refuel their FCEVs and help decarbonize the global energy economy.

The new deal will help the OEM expand its fueling network and provide more convenient access to hydrogen fuel for its customers' future fleets of hydrogen fuel cell electric trucks. By utilizing Powertap's state-of-the-art technology as an available option in its array of fueling solutions, the OEM will be able to produce hydrogen on site, diversifying its dependence on traditional industrial off-site hydrogen suppliers and providing a reliable, efficient and cost-effective solution for the fuelling needs of the commercial FCEV trucking industry.

"We are thrilled to partner with a world-leading Class 8 truck OEM to bring on-site hydrogen production and dispensing to our fuelling stations," said Powertap Hydrogen Fueling president and chief executive officer Salim Rahemtulla. "This partnership will enable us to expand our fueling network and provide hydrogen fuel cell electric fleets with an ultrasafe, more reliable and cost-effective source of hydrogen fuel. We look forward to working with the OEM to continue driving the adoption of hydrogen fuel cell technology in California and beyond."

The partnership between the OEM and Powertap is a significant step towards the widespread adoption of hydrogen fuel cell technology in commercial vehicles for the transportation industry. With on-site hydrogen production and dispensing, both companies will be able to reduce their carbon footprints and support California's ambitious clean energy goals.

About Powertap Hydrogen Capital Corp.

Powertap Hydrogen Capital, through its wholly owned subsidiary, Powertap Hydrogen Fueling, is focused on installing hydrogen production and dispensing fueling infrastructure in the United States.

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