Aberdeen International Inc. (TSX: AAB, FR: A8H, OTC: AABVF) Announces Election of Pinakin Patel, Inventor of AES technology, to the California Hydrogen Business Council (CHBC)
24 January 2022 - 4:01PM
Aberdeen International Inc. (“
Aberdeen” or the
“Company”) (TSX: AAB F: A8H, OTC: AABVF) is pleased to announce
that Pinakin Patel, co-founder of AES-100 Inc, and lead inventor of
the Advance Electrolyzer System technology (AES) for green hydrogen
production, has been elected to the California Hydrogen Business
Council (‘CHBC') Board. The CHBC is a national organization
promoting and advocating for the commercialization of low-carbon
and green hydrogen technologies. Its membership includes over 140
companies engaged in every aspect of the hydrogen supply chain,
worldwide.
As a prior member of the Board of Directors of
the National Hydrogen Association, Mr. Patel has received
recognition and awards for his many contributions to the emerging
green hydrogen industry. Of specific importance, Mr. Patel
successfully championed the definition of green hydrogen to include
waste-derived hydrogen. This broadened definition opened new
pathways to develop lower-cost green hydrogen. It allowed the
inclusion of other feedstocks such as biogas, digester gas,
landfill gas and renewable natural gas. This pioneering work by Mr.
Patel has laid the foundation for the hydrogen industry to support
a sustainable transition to a low-carbon economy. Pinakin’s
achievements have also strengthened his ongoing commitment to AES
technology.
“As a major investor in AES technology, Aberdeen
is committed to leveraging the strongest ideas and best talent to
pursue ambitious green energy goals. We couldn’t be prouder of
Pinakin’s achievement, and, in our view, this is public affirmation
that we have the brightest minds working on highly innovative
solutions to sustainably power the future,” said Mr. Younger, CEO
of Aberdeen International.
California is a key target market for AES
technology. With a growing footprint of green energy generation,
the California power grid is forced to curtail power production
during the day. This curtailment is expensive to California
ratepayers, and a waste of valuable green energy. AES technology
provides a promising solution to the curtailment problems, ensuring
excess green energy is stored as hydrogen for later use.
Having a seat at the table of the CHBC Board
will help showcase the unique benefits of AES technology that can
help to reduce emissions from the transportation, stationary power,
and industrial sectors in California, and throughout the United
States. This is another step forward that not only aligns with
accelerated commercialization of AES technology, but also
differentiates AES technology and its position in the market.
ABOUT AES-100 Inc.AES-100 Inc. is a venture
stage green technology company focused on the development of novel
hydrogen generation and separation technologies. AES owns the
exclusive rights and intellectual property pertaining to the AES
technology for the production of hydrogen.
AES-100 Inc. is a private company with 49% ownership held by
PowerTap Hydrogen Capital Corp. (NEO: MOVE) (FWB:2K6B) (OTC: MOTNF)
and 41.67% by Aberdeen International (TSX: AAB F: A8H, OTC:
AABVF) with remainder of ownership being privately held.
ABOUT ABERDEEN INTERNATIONAL INC.
Aberdeen International is a global resource
investment company and merchant bank focused on small
capitalization companies in the rare metals and renewable energy
sectors. AES-100 Inc., an Aberdeen portfolio investment, owns the
exclusive rights and all intellectual property pertaining to the
Advanced Electrolyzer System (AES-100) for the production of
hydrogen from dilute syngas.
For additional information, please visit our
website at www.aberdeen.green
For further information, please contact:
Chris Younger Chief Executive Officer Aberdeen
International Inc. Chris.Younger@aberdeen.green(416) 861-1685
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, statements regarding AES; the AES technology; the
appointment of the CHBC board; the renewable energies sector and
the Company’s future plans. Forward-looking information is subject
to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including
risks inherent in the mining industry and risks described in the
public disclosure of the Company which is available under the
profile of the Company on SEDAR at www.sedar.com and on the
Company's website at www.aberdeen.green. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
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