VANCOUVER, BC / ACCESSWIRE / June 15, 2022 / AMPD Ventures Inc.
(CSE:AMPD)(OTCQB:AMPDF)(FRA:2Q0) ("AMPD" or the "Company"), a next-generation
digital infrastructure provider, is pleased to announcethat its wholly-owned
subsidiary, AMPD Technologies (Canada) Inc. ("AMPD Technologies"), has entered
into a binding Memorandum of Understanding ("MOU") with Unleash Future Boats
GmbH ("UFB"), for CAD $1.8 million in revenue to AMPD as part of an
anticipated broader collaborative relationship between the two companies. UFB
are experts in water-based autonomous transportation and recipients of the
Regulatory Sandbox Innovations Award by the Federal Republic of Germany.
AMPD Technologies will be developing and manufacturing four Computing
Containers which will then be shipped to Schleswig-Holstein in Germany to
commence "Proof of Concept" trials on a government-approved 42 km test field
Schlei for autonomous ships. This agreement marks an exciting new vertical for
AMPD Technologies in the zero-emission, autonomous, maritime vessel market.
The global autonomous ships market size was estimated to be worth USD $5.8
billion in 2020 and is projected to reach USD $14.2 billion by 2030, at a
compound annual growth rate (CAGR) of 9.3% from 2020 to 2030^1.
The signing of the definitive agreement contemplated by the MOU is contingent
upon the successful awarding of funds from the German Federal Ministry for
Digital and Transportation, regarding a previously submitted funding grant to
develop the Digital Port Schleswig-Holstein. The grant award is anticipated by
the fourth quarter of 2022.
"UFB and AMPD share the vision of a sustainable, greener future," commented
Anthony Brown, CEO of AMPD Ventures. "Having the opportunity to architect and
build the next generation of digital infrastructure for maritime traffic, that
will support zero-emissions watercraft, is very exciting. Lars and his team in
Germany have developed first-class expertise in autonomous vehicle technology
and we are looking forward to building out this solution that will have global
implications together."
"We are very pleased to enter into a formal relationship with our Canadian
partners, AMPD Technologies and their extremely impressive, high-performance
computing capabilities," said Lars Engelhard, Founder and CEO of Unleash
Future Boats.
About Unleash Future Boats GmbH (UFB)
UFB is a pioneer in the field of autonomous and zero-emission transport
systems for mobility and logistics on the water. UFB develops sustainable
solutions through electric drive systems with fuel cells and green hydrogen.
The company has previously introduced ZeroOne, the world's first fully
autonomous ship with international registration and global insurance.
Clean and sustainable mobility for people will be provided by FutureOne, an
on-demand ferry that offers significant shortcuts on both urban and rural
waterways. The logistics of the future on the water will be redefined by
CargoOne, a zero-emission truck on the water. UFB's complete ecosystem
includes fully digital ports, joint ventures and mobility hubs that are
rewriting the rulebook of maritime transportation.
About AMPD Ventures Inc.
AMPD is a next-generation infrastructure company specializing in providing
high-performance computing solutions for low-latency applications. With
state-of-the-art, high-performance computing solutions hosted in sustainable
urban data centres, AMPD is leading the transition to the next generation of
computing infrastructure as ‘the hosting company of the Metaverse.' Through a
mix of infrastructure as a service ("IaaS") and an upgraded, high-performance
cloud offering, we are meeting the low-latency requirements of multiplayer
video games and eSports, computer graphics rendering, artificial intelligence,
machine learning, mixed reality, big data processing, and the as-yet uncharted
technological developments of the coming decades. Additional information about
the company is available on SEDAR and our website at http://www.ampd.tech.
For further information please contact Investor Cubed Inc.:
Neil Simon, CEO
Telephone: (647) 258-3310
Email: nsimon@investor3.ca
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ "Anthony Brown"
Anthony Brown
CEO & Director
AMPD Ventures Inc.
Telephone: 604-332-3329
Email: ir@ampd.tech
Cautionary Statement
Forward-Looking Information
Certain statements in this news release may contain forward-looking
information within the meaning of the Canadian securities laws. Often, but not
always, forward-looking information can be identified by the use of words such
as "plans", "expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes" or the negatives thereof
or variations of such words and phrases or statements that certain actions,
events or results "may", "could", "would", "might" or "will" be taken, occur
or be achieved. Forward-looking statements or information herein include
statements or information with respect to the Company's relationship with UFB,
the expected receipt and timing of grant funds from the German government to
fund the MOU, expectations for the size and growth of the global autonomous
ships market, the benefits AMPD expects to realize from the MOU, and the
Company's intended expansion into the zero-emission, autonomous, maritime
vessel market.
Forward-looking information involves known and unknown risks, uncertainties
and other factors that may cause the actual results, performance, or
achievements of AMPD to differ materially from any future results, performance
or achievements expressed or implied by the forward-looking information. Such
factors include, but are not limited to: uncertainties related to UFB and the
MOU, including in regard to the receipt and timing of government funds for the
MOU, the success of AMPD's collaboration with UFB, the possibility that the
autonomous maritime market will grow more slowly or will not grow as large as
expected; and the possibility of competing superior technology; general
business, economic, competitive, geopolitical, technological and social
uncertainties; as well as those factors discussed in the section entitled
"Risk Factors" in the Company's Form 2A Listing Statement dated October 17,
2019, and "Risk and Uncertainties" in the Company's most recent Management
Discussion and Analysis filed on SEDAR. Because of these risks and
uncertainties, forward-looking information should not be unduly relied upon.
The Company does not undertake to update this forward-looking information,
except as required by law.
^1 Source: https://www.marketsandmarkets.com/Market-Repor
ts/autonomous-ships-market.
SOURCE: AMPD Ventures Inc.
