Fabio Chianelli, CEO of DiagnaMed, expressed enthusiasm for the collaboration, highlighting its potential to revolutionize clean hydrogen production and strengthen strategic alliances in the energy sector. John Karagiannidis, CEO of QIMC, emphasized the project's role in integrating innovative technologies into sustainable energy production, positioning QIMC as a leader in the natural hydrogen sector. As part of the collaboration, QIMC will receive 2,000,000 shares of DiagnaMed, underscoring the partnership's commitment to advancing clean energy solutions and creating long-term value for stakeholders.
Key takeaways:
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- DiagnaMed Holdings Corp. and Québec Innovative Materials Corp. have formed a strategic collaboration to advance hydrogen production technology at the Ville Marie Clean Natural Renewable Hydrogen Project in Québec.
- DiagnaMed's patented hydrogen production technology combines hydraulic fracturing with electromagnetic wave heating, offering potential hydrogen production costs as low as $0.86 per kilogram.
- The collaboration aims to leverage existing oil and gas infrastructure to achieve cost-effective, carbon-neutral hydrogen production, aligning with global sustainability goals.
- In exchange for the collaboration, Québec Innovative Materials Corp. will receive 2,000,000 shares of DiagnaMed Holdings Corp.