Skip to main content

InvestorNewsBreaks – PowerTap Hydrogen Capital Corp. (NEO: MOVE) (OTC: MOTNF) Releases Amended, Restated Q3 2023 MD&A

PowerTap Hydrogen Capital (NEO: MOVE) (OTC: MOTNF), a leading provider of onsite hydrogen production technology, is providing a clarification regarding a previously released disclosure, following a review by the British Columbia Securities Commission (“BCSC”). The clarification is designed to provide a broader understanding of the company’s business and commitments. According to the announcement, PowerTap Hydrogen’s management discussion and analysis (“MD&A”) includes the following:

  • a discussion on how the impairment of intangibles and investment in Progressus Clean Technologies effects the company’s continuing operations
  • a discussion on the company’s plan for its Gen3 hydrogen-dispensing unit design and the status of the development
  • a discussion on R&D expenses, including a breakdown of material components of expensed R&D as well as the current status of the development of the company’s third-generation, blue-hydrogen dispensing unit
  • a discussion on factors causing variations over previous quarters
  • a discussion on how MOTNF will continue as a going concern
  • identification of specific parties the company has entered into contracts with
  • a discussion on expenses and business activities related to consulting costs, marketing and sponsorship costs, professional fees, sales expense, and share-based compensation for the year ended June 30, 2022, and the nine months ended March 31, 2023. 

“In addition to the foregoing, the company notes that for the year ended June 30, 2022, the company recorded an impairment of $101,497,740 as a result of management’s assessment of the recoverable amount of the intellectual property as at year end, as well as impairment of $23,616,714 for the Progressus Clean Technology investment,” the company stated in the press release.

To view the full press release, visit

About PowerTap Hydrogen Capital Corp.

PowerTap Hydrogen, through its wholly owned subsidiary PowerTap Hydrogen Fueling Corp., is focused on installing hydrogen production and dispensing fueling infrastructure in the United States. PowerTap’s patented solution has been developed over 20 years. PowerTap is now commercializing its third-generation, blue-hydrogen product, which will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure. For more information about the company, please visit

NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published:

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office

InvestorWire is part of the InvestorBrandNetwork

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.