#Cleantech/ #Energy #Stock news- FOOTHILLS EXPLORATION, INC.
(OTC: $FTXP) ANNOUNCES JOINT VENTURE TO DEVELOP #DRONE-BASED NATURAL #HYDROGEN AND
#HELIUM DETECTION #TECHNOLOGY; @Foothills_FTXP
LOS ANGELES, July 16, 2021 ( Investorideas.com
newswire ) Breaking
energy/cleantech stock news –New Energy Ventures, LLC (“NEV”), a
wholly owned indirect subsidiary of Foothills Exploration, Inc. (OTC: FTXP), signed a binding letter of intent
with Perspectum Drone Inspection
Services Ltd. (“PDIS”), to create and fund a new enterprise dedicated to
developing and
commercializing PDIS’s drone-based natural hydrogen and helium detection
technology.
Read this news, featuring FTXP in full
at https://www.investorideas.com/news/2021/energy/07161FTXP-Joint-Venture.asp
New
Energy Ventures and PDIS will collaborate to jointly develop the early stage technology
further, produce a working protype and refine the business model for
commercialization. “It is important that we all do our part to help reach an
energy efficient low carbon future. NEV plans to contribute to this mission by
partnering with talented entrepreneurial management teams to develop
technologies that will help protect our planet and reduce our carbon footprint,”
said Tara Roberts CEO of New Energy Ventures, LLC.
"Perspectum
is pleased and excited to collaborate with New Energy Ventures in the search
for naturally occurring, native hydrogen – the only realistic approach to a net
zero energy source. For the past two years, Perspectum has been developing
drone-based/AI-driven, multi-sensor arrays for methane detection in the oil and
gas industry allowing clients to meet the ever-increasing reporting and
compliance requirements focused on greenhouse gas emissions. Developing a
drone-based detection system to identify natural hydrogen emanations is a
logical progression for our Company," said Ty Pfeifer, CEO of Perspectum.
"We obviously want to be on the leading edge of this rapidly growing trend
and the synergies of the partners in this collaboration create a strong
organization," continued Pfeifer.
About
Hydrogen
Hydrogen, the most abundant element on
Earth, has become a key component of the global energy transition to
zero-carbon energy and provides numerous opportunities for attractive financial
returns. Hydrogen is also gaining unprecedented economic and political momentum
globally as an alternative net-zero energy vector and a complement to the
‘electrify everything’ movement. Bank of America forecasts that the hydrogen
industry is at a tipping point and headed to $11 trillion, with hydrogen
production projected to see a 5000% increase by 2026. Global demand for clean and green energy continues
to increase rapidly, coupled with the need to optimize production, and minimize
greenhouse gas emissions. Energy companies will increasingly need to embrace
the concept of clean tech by focusing on both the tools and processes to solve
such challenges. The field of natural (or native) hydrogen exploration has
recently emerged on the international stage as a potentially viable alternative
production method with costs projected to be significantly lower than steam
methane reforming (“grey hydrogen”) and electrolysis using renewable energy
(“green hydrogen”).
About Helium
Helium is the second-most abundant
element on Earth but finding helium is incredibly challenging. Almost every
known helium reserve was discovered by accident, and the helium produced was
merely a byproduct of natural gas exploration and production. The United States has been the largest
producer of helium since 1925, but production has slowed causing a shortage and
driving up the cost of helium significantly. Recent prices for bulk helium reached $280/mcf and the
current global market for bulk helium is estimated at USD $2.7 billion. Helium’s unique physical and chemical
characteristic makes it a high-value, non-renewable commodity with numerous
applications in critical fields of industry and technology. NEV plans to
explore for new helium reserves utilizing its drone technology to assist in the
effort to mitigate the global shortage.
About Foothills Exploration, Inc.
Foothills Exploration, Inc. (“FTXP” or the “Company”), is an
oil and gas exploration and development company focused on delivering the
energy needs of today and tomorrow. The Company’s strategy is to build a
balanced portfolio of assets through two core initiatives. The first initiative
is to generate high-impact oil and gas exploration projects. The second is to
invest in hydrogen and geothermal projects for a low carbon future through its
New Energy Ventures division by identifying areas where the Company can
contribute to a viable, realistic, and balanced future energy mix. For
additional information please visit the Company’s website at www.foothillspetro.com.
About Perspectum Drone Inspection Services Ltd.
Perspectum
Drone Inspection Services, Ltd. (“PDIS”) is a Canadian company based in
Calgary, Alberta. PDIS’ novel drone platform integrates AI with high resolution
flight video, optical gas imaging cameras and leading-edge software to provide
clients with superior post flight presentation, reporting and data storage.
Forward-Looking Statements
All statements, other than statements
of historical facts, included in this release that address activities, events
or developments that we expect, believe or anticipate will or may occur in the
future are forward-looking statements. These statements are based on certain
assumptions we made based on management's experience, perception of historical
trends and technical analyses, current conditions, capital plans, drilling
plans, production expectations, our ability to raise adequate additional
capital, or enter into other financing arrangements to support our acquisition,
development and drilling activities, anticipated future developments, and other
factors believed to be appropriate and reasonable by management. When used in
this release, words such as "will," “possible,”
"potential," "believe," "estimate,"
"intend," "expect," "may," "should,"
"anticipate," "could," "plan,"
"predict," "project," "profile,"
"model," "strategy," "future" or their negatives
or the statements that include these words or other words that convey the
uncertainty of future events or outcomes, are intended to identify forward-looking
statements, although not all forward-looking statements contain such
identifying words. In particular, statements, express or implied, concerning
our future operating results and returns or our ability to acquire or develop
proven or probable reserves, our ability to replace or increase reserves,
increase production, or generate income or cash flows are forward-looking
statements.
Forward-looking statements are not
guarantees of performance. Such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond our control. While
forward-looking statements are based on assumptions and analyses made by us
that we believe to be reasonable under the circumstances, whether actual
results and developments will meet our expectations and predictions depend on a
number of risks and uncertainties which could cause our actual results,
performance, and financial condition to differ materially from our
expectations. As a result, no assurance can be given that these assumptions are
accurate or that any of these expectations will be achieved (in full or at all)
or will prove to have been correct. We have had sporadic and limited revenue
and our securities are subject to considerable risk. Investors are cautioned to
review FTXP’s filings with the Securities and Exchange Commission for a
discussion of risk and other factors that affect our business. Any
forward-looking statement made by us in this news release speaks only as of the
date on which it is made. Factors or events that could cause our actual results
to differ may emerge from time to time, and it is not possible for us to
predict all of them. We undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information, future
development or otherwise, except as may be required by law. The Company intends that all forward-looking statements be
subject to the safe-harbor provisions of the Private Securities Litigation
Reform Act of 1995.
Investor Contact
Christopher
Jarvis
EVP
of Finance
(800)
204-5510
Paid News -Disclaimer/Disclosure: Investorideas.com
is a digital publisher of third party sourced news, articles and equity
research as well as creates original content, including video, interviews and
articles. Original content created by investorideas is protected by copyright
laws other than syndication rights. Our site does not make recommendations for
purchases or sale of stocks, services or products. Nothing on our sites should
be construed as an offer or solicitation to buy or sell products or securities.
All investment involves risk and possible loss of investment. This site is
currently compensated for news publication and distribution, social media and
marketing, content creation and more. Contact each company directly regarding
content and press release questions. Disclosure is posted for each compensated
news release, content published /created if required but otherwise the news was
not compensated for and was published for the sole interest of our readers and
followers. Disclosure : this news release featuring FTXP is a paid for news
release on Investorideas.com More
disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn
more about publishing your news release and our other news services on the
Investorideas.com newswire https://www.investorideas.com/News-Upload/ and
tickertagstocknews.com
Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
About Investorideas.com and http://www.renewableenergystocks.com/
https://www.investorideas.com/About/
Sign up for free stock news alerts at Investorideas.com
https://www.investorideas.com/Resources/Newsletter.asp
Investors can trade these stocks and other ideas on our
site using our list of top stock trading
apps including Robinhood, Acorn, Stash and others.
OilandGasStockNews.com-
investing ideas in oil and gas stocks
Like Oil and Gas Stocks? View our
Oil and Gas Stocks Directory Get News Alerts on Energy Stocks
Get
more Renewable Energy stock investor ideas - news, articles, podcasts and stock
directories
