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Aberdeen International Closes Transaction to Acquire a 41.67% Interest in AES-100 Inc.: World’s Only Technology Capable of Producing High Purity Green Hydrogen at <$5/kg

By February 11, 2021 2   min read  (251 words)

February 11, 2021 |

fuelcellsworks, Aberdeen International Closes Transaction to Acquire a 41.67% Interest in AES-100 Inc.: World’s Only Technology Capable of Producing High Purity Green Hydrogen at
  • Led by Pinakin Patel, One of the Top Scientists in Clean Hydrogen Technology3

AES-100 is the Sole Owner of the Intellectual Property Related to the Advanced Electrolyzer System (AES) Allowing Low Cost Hydrogen Production With No Greenhouse Gas Emissions

TORONTO— Aberdeen International Inc. (“Aberdeen” or the “Company”) (TSX: AAB) is pleased to announce it has closed a transaction to acquire 41.67% of AES-100 Inc., first announced on February 1, 2021.

Aberdeen issued a total of 25 million common shares to the shareholders of AES-100 Inc. in exchange for a 41.67% equity interest in AES-100 Inc. No finder fees were paid in connection with, and no change of control of Aberdeen resulted from, the transaction.

AES-100 Inc. has acquired exclusive rights and all intellectual property pertaining to T2M Global’s Advanced Electrolyzer System for the production of hydrogen from dilute syngas. T2M Global is the world’s leader in clean energy technology using hydrogen with zero carbon footprint and no greenhouse gas emissions. The technology is revolutionizing the use of fuel cells for transportation and is expected to be a major contributor to the world wide goal of zero carbon footprint by 2050, as recommended by the Paris Accord on Greenhouse Gas emissions.

The Advanced Electrolyzer System (AES) is a world-class system created by T2M Global and assigned to AES-100 Inc.. Its proprietary technology allows for much lower cost production of hydrogen with no greenhouse gas emissions. AES is the only technology capable of producing high purity green hydrogen at highly competitive costs. AES targets <$5/kg H2, a significant and material improvement from the $10-15/kg H2 levels currently in the marketplace. The significant cost savings through AES should accelerate the adoption of hydrogen technology in accelerating growth sector such as the fuel cell vehicle and renewable energy sectors.

ABOUT ABERDEEN INTERNATIONAL

Aberdeen International is a global resource investment company and merchant bank focused on small capitalization companies in the mining and metals and renewable energy sectors.

For additional information, please visit our website at www.aberdeeninternational.ca.

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