Clean Power Capital will change its name to “PowerTap Hydrogen Capital Corp.” on June14,2021, in accordance with its previously announced June1, 2021 transition to a single purpose hydrogen fueling technology company.
This name change emphasizes the Company’s transformation from an investment issuer to a single purpose hydrogen fuelling technology company through the repurposing of its assets and resources. The name change and transformation to a single purpose corporation aligns the Company with the emphasis of its wholly-owned subsidiary, PowerTap Hydrogen Fuelling Corp., on the development of its PowerTap 3.0 hydrogen fueling devices.
Raghu Kilambi, the CEO of Clean Power, stated “With the Company’s main focus on the hydrogen fueling technology sector, the name change to PowerTap Hydrogen Capital is an important choice to clarify our strategy and identity for the market. We are excited to reveal our re-branding, which more accurately reflects our focus and vision to become a leader in the delivery and dispensing of hydrogen fuel to motor vehicles in the most cost efficient and manner for consumers.”