Tersus Power Sees Revenue Being Generated Through Multiple Channels

ST. PETERSBURG, Fla., Dec. 15, 2021 (GLOBE NEWSWIRE) — Global Technologies, Ltd (OTC Pink: GTLL) (the “Company”), a holding corporation, which, through its subsidiaries, has operations engaged in the online sales of CBD and hemp-related products, the acquisition of intellectual property in the safety and security space, and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, distribution and logistics, is pleased to provide shareholders an update on Tersus Power’s multiple revenue channels.

Tersus Power will receive revenue through multiple channels in the hydrogen industry: engineering consulting, sale of the proprietary Modular Hydrogen Fueling Station, sale of standalone components inherit within the Hydrogen Fueling Station and servicing of the Hydrogen Fueling Stations. In the company’s first year of business, Tersus Power has generated $1,775,000 from engineering consulting contracts. The company has some of the most talented and sought-after hydrogen engineers in the industry. These engineers are in high demand and Tersus Power will continue to provide hydrogen engineering services to the industry.

Tersus Power anticipates receiving most of its revenue through the sale and maintenance of the newly designed proprietary steam methane reformer (SMR) also known as the Modular Hydrogen Fueling Station. The Company estimates that the sale price for the Hydrogen Fueling Station will be $6.5 million per unit. At present, there are 48 hydrogen refueling stations in California. The California Fuel Cell Partnership says the goal is 200 hydrogen stations by 2025 and 1,000 stations in the state are “envisioned” by 2030. Hydrogen demand had been steadily creeping toward 80 million tons/year, has grown more than threefold since 1975 and continues to rise as global demand increases.

Tersus Power will receive additional revenue by selling different components of the Modular Hydrogen Fueling Station to the hydrogen industry. For example, selling Tersus Power’s proprietary hydrogen storage system as a standalone product. Hydrogen needs to be compressed and stored in tanks for practical handling purposes, and then used as needed. Fuel-cell powered cars run on compressed hydrogen stored in highly pressurized large containers. Processing and storing hydrogen require technology that few companies have direct access to. Tersus Power has developed a hydrogen storage system that is sold with the Hydrogen Fueling Station. With the growing demand for hydrogen fuel, Tersus Power anticipates strong interest in its new storage system.

Michael Rosen, Chief Executive Officer of Tersus Power, stated “There are multiple revenue sources for Tersus Power, of course our main focus will be selling the company’s flagship product the Modular Hydrogen Fueling Station. However, there is a rapidly developing global marketplace for hydrogen. Nineteen governments around the world have “hydrogen strategies” and those countries will be in need for hydrogen storage systems and other components unique to our industry that we can provide.”

Jimmy Wayne Anderson, President of Global Technologies, Ltd, stated “We are pleased to see the progress that Tersus Power is showing in the engineering and development of its Hydrogen Fueling Station.” Mr. Anderson continued, “We anticipate updating shareholders on the final terms of the transaction in the coming weeks as both companies hit certain milestones. This is an exciting time for the Global shareholders.”

About Global Technologies, Ltd:
Global Technologies, Ltd, based in St. Petersburg, Florida, is a holding corporation, which, through its subsidiaries, has operations engaged in the online sales of CBD and hemp-related products, the acquisition of intellectual property in the safety and security space, and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, product placement in brick-and-mortar retail outlets and logistics. For further information, please visit the Company’s website at www.globaltechnologiesltd.info.

About Tersus Power, Inc.:
Tersus Power Inc. was founded in 2021 as a contract manufacturer that will build and deliver Modular Hydrogen Fueling stations across the U.S and Canada. Tersus Power is located in Nevada and is in the process of commissioning a facility to manufacture the initial prototypes at an existing facility in the Pittsburgh, Pennsylvania metroplex and then ramp-up capacity to manufacture 10 modular fueling stations per month.

Tersus Power’s Next Generation Modular Hydrogen Fueling Station is based on the functionality of a newly designed steam methane reformer (SMR), with unique components and a high-capacity daily hydrogen output. Tersus Power’s next generation Modular Hydrogen Fueling Station will generate up to 1,250 kilograms of pure hydrogen daily. For further information, please visit the Company’s website at www.tersuspower.com.

Forward-Looking Statements and Disclaimer
Statements made in this press release that express the Company or management’s intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will” and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company’s actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company’s forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company’s future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues or results of operations.

Contact:
Global Technologies, Ltd
(727) 482-1505
info@globaltechnologiesltd.info

Global Technologies, Ltd. is Pleased to Announce that Tersus Power has Retained Ed Green, P.E. as its Chief Engineer

ST. PETERSBURG, Fla., Dec. 7, 2021 (GLOBE NEWSWIRE) — Global Technologies, Ltd (OTC Pink: GTLL) (the “Company”), a holding corporation, which, through its subsidiaries, has operations engaged in the online sales of CBD and hemp-related products, the acquisition of intellectual property in the safety and security space, and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, distribution and logistics, is pleased to inform shareholders that Tersus Power has retained Ed Green, P.E. as its new Chief Engineer.

Mr. Green will oversee and manage the Company’s design engineering team as well as design critical components for the Hydrogen Generator. Mr. Green holds a degree in Mechanical Engineering and has over 35 years’ experience in Mechanical Design Engineering, Manufacturing and Project Management. Through his various assignments, he has developed an extensive background in heavy industry including Power Generation, Naval Defense, Steel, Paper, Chemical, Mining, Bulk Material Handling, Oil and Gas and has a wide range of machine designs encompassing mechanical, electrical and chemical processes.

Mr. Green stated, “I have found the Tersus Power hydrogen generation station to be a once in a lifetime project to be involved with. Hydrogen as a transportation fuel is at an inflection point, is a superior transportation fuel to batteries and conventional fossil fuels – zero-carbon, high energy density, efficient energy to weight ratio, quick refueling and applicable for cars, buses and heavy-duty, long-haul trucking.” Mr. Green continued, “Our team is completing the first “one of a kind design” of a high production volume hydrogen generator that can fit in a 1,000 square foot space at a gasoline filling station. This small footprint allows our generating system to be installed in a portion of existing gasoline stations minimizing the buildout of new fueling sites. We have chosen to utilize renewable natural gas and water with a steam methane reforming process to create Hydrogen. The Tersus Hydrogen fueling station is part of the critical infrastructure to drive rapid adoption of fuel cell vehicles and hydrogen demand.”

Michael Rosen, Tersus Power’s Chief Executive Officer, stated “We are very fortunate to have secured the talents of Mr. Green and his team. The design of our Hydrogen fueling station demands a highly specific type of Hydrogen engineer for the component configuration and design of our Steam Methane Reformer (SMR) and Hydrogen engineers are in great demand as the industry grows at a record pace.”

About Global Technologies, Ltd:

Global Technologies, Ltd, based in St. Petersburg, Florida, is a holding corporation, which, through its subsidiaries, has operations engaged in the online sales of CBD and hemp-related products, the acquisition of intellectual property in the safety and security space, and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, product placement in brick-and-mortar retail outlets and logistics. For further information, please visit the Company’s website at www.globaltechnologiesltd.info.

About Tersus Power, Inc.:

Tersus Power Inc. was founded in 2020 as a contract manufacturer that will build and deliver Modular Hydrogen Fueling stations across the U.S and Canada. Tersus Power is located in Nevada and in the process of commissioning a facility to manufacture the initial prototypes and then ramp-up to manufacture 10 modular fueling stations per month. The facility will be located in the Pittsburgh, Pennsylvania, metroplex.

Tersus Power’s Next Generation Modular Hydrogen Fueling Station is based on the functionality of the PowerTap PT5O, but with unique components and a higher capacity daily hydrogen output. PowerTap PT50 was originally developed and manufactured by Nuvera in cooperation with the Department of Energy and has a daily hydrogen generation capacity of 50 kilograms. Tersus Power’s next generation Modular Hydrogen Fueling Station will generate up to 1,250 kilograms of pure hydrogen daily. For further information, please visit the Company’s website at www.tersuspower.com.

Forward-Looking Statements and Disclaimer

Statements made in this press release that express the Company or management’s intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will” and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company’s actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company’s forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company’s future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues or results of operations.

Contact:

Global Technologies, Ltd
(727) 482-1505
info@globaltechnologiesltd.info

Elon Musk Said Hydrogen Fuel Cell Vehicles ‘Extremely Silly’: Some Experts Now Disagree

Yaёl Bizouati-Kennedy

When the subject came up during a discussion with reporters at the 2015 Automotive News World Congress, Musk said “it’s just very difficult … to make hydrogen and store it and use it in a car,” according to CNBC. “The best-case hydrogen fuel cell doesn’t win against the current case batteries, so then, obviously … it doesn’t make sense,” he added later.

According to the Environmental Protection Agency (EPA), hydrogen fuel cell vehicles (FCVs) are similar to electric vehicles (EVs) in that they use an electric motor instead of an internal combustion engine to power the wheels. However, while EVs run on batteries that must be plugged in to recharge, FCVs generate their electricity onboard. In a fuel cell, hydrogen gas from the vehicle’s fuel tank combines with oxygen from the air to generate electricity — with only water and heat being byproducts of the process, the EPA explains.

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Global Technologies, Ltd and Tersus Power Travel Together on “The Hydrogen Highway”

ST. PETERSBURG, Fla., Nov. 22, 2021 (GLOBE NEWSWIRE) — Global Technologies, Ltd (OTC Pink: GTLL) (the “Company”), a holding corporation, which, through its subsidiaries, has operations engaged in the online sales of CBD and hemp-related products, the acquisition of intellectual property in the safety and security space, and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, distribution and logistics, is pleased to provide the following update on Tersus Power’s hydrogen production and dispensing station.

As Tersus Power Inc. looks to roll out its first of its kind 1250Kg per day Hydrogen Production & Dispensing Station, what makes it stand above all the other hydrogen generation technologies?

1) Tersus is lowering the barrier to entry into the market by reducing the initial capital investment required to deploy a hydrogen fueling station.

2) Tersus is reducing the operational cost through intelligent engineering and design by reducing the total maintenance and feedstock requirements while greatly extending the operational life span of its modular system to over 15 years.

3) Ability to produce and dispense hydrogen onsite at a significantly lower price than any known competitor currently in the market today.

4) Onsite translates to eliminating the need and associated high expense of transporting hydrogen from offsite “refineries.”

5) Utilizes “active storage” using two redundant reformation/compression systems in each Hydrogen Production & Dispensing Station.

The Tersus Hydrogen Production Station looks to be a solution to the California Clean Transportation Program. Hydrogen fuel cell electric vehicles are critical to the state’s goal of getting 1.5 million zero-emission vehicles on California roads by 2025. They are also a vital part of the state’s work to achieve its climate change goals, improve air quality, and reduce reliance on fossil fuels. The California Energy Commission is supporting the adoption of zero-emission hydrogen fuel cell electric cars by expanding California’s network of hydrogen refueling stations throughout the state. Hydrogen fuel cell electric cars have many advantages over vehicles powered by fossil fuels, including, refuel in less than five minutes at retail stations, produce water vapor, with zero tailpipe emissions and Hydrogen fuel can be sustainably produced, (such is the case with Tersus Power solution). To learn more about California Fuel Cell Electric Vehicles and Hydrogen Fuel go to: https://cafcp.org/.

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Global Technologies, Ltd Enters Letter of Intent to Acquire Tersus Power

Tersus Power to go public via reverse merger transaction

ST. PETERSBURG, Fla., Nov. 17, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Global Technologies, Ltd (OTC Pink: GTLL) (the “Company”), a holding corporation, which, through its subsidiaries, has operations engaged in the online sales of CBD and hemp-related products, the acquisition of intellectual property in the safety and security space, and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, distribution and logistics, is pleased to inform shareholders the Company has entered into a Letter of Intent to acquire Tersus Power, Inc.

Tersus Power’s sole objective is to design a safe, adaptable and affordable hydrogen fueling station that allows for rapid development and deployment of hydrogen fueling infrastructure while minimizing the risk to investors. The Company’s modular prefabricated fueling stations could be produced on a very large scale and available immediately for delivery to participating sites in order to meet the growing demand for hydrogen fuel. The success of these stations will build increased confidence in the hydrogen vehicle market for both consumers and investors.

The station production equipment will be housed in a modular steel-hardened exoskeleton platform similar to a 40-foot shipping container, depending on the production requirements for a given site. The platform would contain a fully operational hydrogen production system. Each fueling station will be preassembled and rigorously tested in Tersus Power’s manufacturing facility to ensure minimum configuration at time of delivery. The design enhanced side panels that cover the structure will give it a permanent look and feel while providing further stability to the structure as a whole. The panels will be removable to provide access to production equipment for the purposes of maintenance and repair.

The modular fueling station will be placed on site at existing fueling stations on a prepared concrete pad that could support a more permanent installation. This approach allows for a narrowly focused permitting process which is necessary to connect the modular fueling stations to on-site utilities supporting the production of hydrogen. This approach eliminates the costly need to transport hydrogen from large-scale “refineries” to fueling stations.

Tersus Power generated over $2 million in revenue during 2021 by providing engineering services contracts in the hydrogen industry. Tersus Power is a debt-free Company with audited financials provided by a Public Company Accounting Oversight Board (PCAOB) accounting firm.

Michael Rosen, CEO and president of Tersus Power, stated, “We are pleased to be going public at this exciting time in the alternative energy sector. Green hydrogen is a major impact player in the world’s drive to combat climate change. Tersus Power is at the forefront of this multibillion-dollar movement with its modular hydrogen fueling station design and scaling ability to meet a global demand for green energy.”

The United States alone is slated to invest $9.5 billion in the hydrogen industry under the newly signed, bipartisan infrastructure bill, signed into law by President Biden on November 15, 2021.

Further details of the transaction will be disseminated upon execution of the definitive documents. The transaction is anticipated to close during Q1 2022.

“This is an exciting time for the Global Technologies shareholders,” said Jimmy Wayne Anderson, president of Global Technologies, Ltd. “Tersus brings with it a management team with acute leadership skills and a world class engineering lineup.”

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Forget Batteries, This New Lightweight Hypercar Will Be Powered Entirely by Hydrogen

A hydrogen-powered hypercar is on the horizon for 2023—if Viritech has anything to say about it, that is. The budding British startup has just announced plans to roll out a sleek, sustainable and speedy four-wheeler in just two years’ time.

The luxe two-door has been christened Apricale. That moniker comes from the Latin word “apricus,” which means to be “touched by the sun.” Fittingly, it’s one blistering hot ride that, like the center of our solar system, runs on hydrogen.

Considered a hydrogen fuel cell alternative to the all-electric Lotus Evija and Tesla Roadster, Viritech claims the Apricale will be “half the weight of its battery competitors.” It’ll likely be more exclusive, too, with production limited to just 25 models.

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