Overview

We produce eCombustible through our proprietary water electrolysis and post-production processes that make up our FPUs, which are designed to allow us to tailor the fuel to a customer’s specific combustion process operating parameters. In many parts of the world with relatively high fossil fuel prices, we believe that this makes eCombustible a viable replacement for fossil fuels, including natural gas, diesel fuel, and liquefied petroleum gas (“LPG”), used to create heat for industrial and commercial applications. Examples of customers we are under contract with or in late-stage discussions for provision of fuel include global mining companies and manufacturers of cement, tile, tires, bottles, and various metals producers, among others. According to the Renewables 2019 report – Analysis and Forecast to 2024 (the “2019 Renewables Forecast”) issued by the International Energy Agency (the “IEA”), the use of fossil fuels in industrial thermal applications accounts for approximately 23% of annual global carbon production. While this industry segment remains our near-term focus, the Company plans to expand our research and development efforts over the next two years to include additional applications in mobility, combined heat and power, and non-utility scale electricity generation.