GWSO - AQST USA Opens New Madison Facility to Accelerate TrinityPower Nexus© - TPN Development

Rhea-AI Summary

AQST USA, LLC, a division of GWSO (Ticker Symbol: GWSO), has announced the development of a new 3,000-square-foot facility in Madison, Mississippi dedicated to the TRL6 prototype development of TrinityPower Nexus© (TPN). The facility will drive forward the prototyping and testing program alongside the existing AQST facility at the NASA Stennis Space Center. In collaboration with the University of Southern Mississippi, the project aims to revolutionize naval vessels' power generation, storage, and propulsion systems.

Madison, MS , Jan. 11, 2024 (GLOBE NEWSWIRE) -- AQST USA, LLC, a division of GWSO Inc. (Ticker Symbol: GWSO), is excited to announce a significant development in our commitment to advancing the TrinityPower Nexus© (TPN) project. We are pleased to unveil our new 3,000-square-foot facility, strategically located in Madison, Mississippi, dedicated exclusively to the TRL6 prototype development of TPN. This facility will play a pivotal role in driving forward the groundbreaking TrinityPower Nexus© (TPN) prototyping and testing program alongside our existing AQST facility at the NASA Stennis Space Center.

In collaboration with the University of Southern Mississippi's Roger F. Wicker Center for Ocean Enterprise and Institute for Advanced Analytics & Security, we are forging ahead to bring TPN to life. Once operational, the TrinityPower Nexus© (TPN) aims to revolutionize naval vessels' power generation, storage, and propulsion systems, promising enhanced capabilities and efficiency.

Raymond Caldas, President of AQST USA, expressed his enthusiasm about this development: "With its larger capacity and new dedicated amenities, the Madison facility provides the ideal environment for our engineers to accelerate TPN's progress. We are confident that we will complete prototyping and conduct comprehensive testing by early March 2024."

“I could not be more pleased with the progress that we have made towards developing this revolutionary technology. Our company will change the world, and it’s only possible with the team that we have surrounding us,” said Michael Pollastro, CEO of Global Warming Solutions. " I am very confident that all of our hard work will convert to some great revenues shortly."

The upcoming testing phase is crucial to validate TPN's functionality for potential integration with naval platforms. Successful trials will showcase its ability to enhance power propulsion, availability, redundancy, and efficiency on seafaring vessels.

This facility's inauguration, coupled with our recent securing of funding, underscores our commitment to meeting aggressive development timelines. AQST USA is well-equipped with the infrastructure and resources required to achieve our mission. We are dedicated to keeping our valued investors and partners updated as we reach key milestones in our journey toward delivering next-generation clean portable hydrogen on demand and power systems for the US Navy.

We appreciate your continued support and look forward to sharing further progress updates on this exciting venture. Thank you for your trust in AQST USA, a GWSO Inc. division.

Michael Pollastro
Chief Executive Officer
Global Warming Solutions Inc.
mpollastro@gwsogroup.com

About Global Warming Solutions Inc.
Global Warming Solutions Inc. (GWSO) is a worldwide developer of technologies that help mitigate climate change and its effects on the planet. The company’s mission is to develop and bring innovative market technologies that address the urgent need to reduce greenhouse gas emissions and adapt to the impacts of climate change. For more information on the company and its technologies, please visit www.gwso.com.

Forward-Looking Statements

This press release may include predictions, estimates, or other information that might be considered forward-looking within applicable securities laws. While these forward-looking statements represent the Company’s current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially.

You are cautioned not to place undue reliance on these forward-looking statements, which reflect the opinions of the Company’s management only as of the date of this release. Please keep in mind that the Company is not obligating itself to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as potential, expect, look forward, believe, dedicated, building or variations of such words and similar expressions are intended to identify forward-looking statements.

Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by the Company herein are often discussed in filings the Company makes with the United States Securities and Exchange Commission (SEC) available at www.sec.gov and on the Company’s website at http://www.gwsogroup.com

FAQ

What is the latest development announced by AQST USA, LLC?

AQST USA, LLC has announced the development of a new 3,000-square-foot facility in Madison, Mississippi dedicated to the TRL6 prototype development of TrinityPower Nexus© (TPN).

Where is the new facility located?

The new facility is located in Madison, Mississippi.

What is the purpose of the new facility?

The facility will drive forward the prototyping and testing program for TrinityPower Nexus© (TPN) alongside the existing AQST facility at the NASA Stennis Space Center.

Who is AQST USA, LLC collaborating with for the project?

AQST USA, LLC is collaborating with the University of Southern Mississippi for the project.

What is the goal of the TrinityPower Nexus© (TPN) project?

The project aims to revolutionize naval vessels' power generation, storage, and propulsion systems.

Who is the President of AQST USA, LLC?

Raymond Caldas is the President of AQST USA, LLC.