PowerTap Hydrogen Capital Corp. (NEO:MOVE.AQN, OTC:MOTNF) announced that business development strategist William O'Banion has joined the company’s advisory board.
O’Banion is currently the acting director of business development at PowerTap subsidiary PowerTap Hydrogen Fueling Corp, and is the founder and managing director of Indranet Partners and director of strategic development at Fidelity Capital Partners, the hydrogen fuel technology company said.
"We are very excited to have Bill join our advisory board,” PowerTap Hydrogen CEO Raghu Kilambi said in a statement. “He complements our team and adds a wealth of knowledge and critical relationships, and record of building deep relationships in industries in which we are focusing our deployment strategy, making his appointment a strategic and integral part of PowerTap's long-term future growth.”
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O'Banion brings 27 years of business and strategy development in advanced automation to Powertap, having led strategic client, product and associated supply chain development of several companies involved in capital equipment within some of the most advanced global technology markets, the company said.
It added that O’Banion has a unique focus in oil and gas and semiconductor gas delivery system solutions.
His firm, Indranet Partners, is currently heavily invested in the hydrogen fuel cell and electric vehicle (EV) markets, where PowerTap's hydrogen generation platforms will be deployed to support hydrogen-based transportation industry fuel demands.
O'Banion has a stellar track record of developing deep relationships with global leaders in the markets he has engaged with, generating nearly US$2 billion in revenue over the course of his career, PowerTap noted.
“He has been responsible for creating niche markets by introducing the most advanced technologies into extremely difficult applications which have resulted in critical market evolution and global leadership positions,” the company added.
PowerTap Hydrogen Capital, through its wholly-owned subsidiary, PowerTapHydrogen Fueling is focused on installing hydrogen production and dispensing fueling infrastructure in the US. The company is now commercializing its third-generation blue hydrogen product that will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure.
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