Source: FuelCellsWorks
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  • VPN Technologies Inc. (VPN) commissioned FYELABS to complete a report on business and technology development opportunities in hydrogen
  • The report is intended to guide VPN Technologies as it makes strategic investment decisions through its subsidiary Greentech Hydrogen
  • VPN Technologies Inc. is a provider of Virtual Private Network (VPN) services to the retail market and small to medium enterprises
  • VPN Technologies Inc. (VPN) is up 34.78 per cent, trading at $0.155 per share

VPN Technologies Inc. (VPN) commissioned FYELABS to complete a report on business and technology development opportunities in hydrogen.

FYELABS developed a comprehensive report to help VPN Technologies make informed decisions when pursuing business opportunities in hydrogen technology.

The report is intended to guide investment decisions by identifying risks and rewards.

VPN Technologies, through its wholly owned subsidiary Greentech Hydrogen Innovations, has processed the data and made strategic investment plans for the near future.

Curtis Ingleton, CTO and director for VPN Technologies, guided the completion of this research project and is pleased with its outcome.

“We have gained critical insight into how best to enter this market,” he said, adding, “we can now adequately weigh the benefits and the risks of various technologies within the space.”

Recent findings suggest hydrogen could ultimately account for one third of global energy demand, with some calling for a potential $10 trillion market, the company stated in its report.

Based on FYELABS figures, transportation will be the main driver of the hydrogen demand in the future.

Dr. Suvojit Ghosh, FYELABS founder and CEO, remarked,

“We are quite excited by VPN’s enthusiasm in pursuing opportunities in the hydrogen economy. It will go a long way in society’s ongoing battles with climate change and provide incredibly promising financial returns at the same time.”

VPN Technologies Inc. is a provider of Virtual Private Network (VPN) services to the retail market and small to medium enterprises.

The company provides online privacy and anonymity for users by creating a private network from a public internet connection.

VPN Technologies Inc. (VPN) is up 34.78 per cent, trading at $0.155 per share as of 10:55 am ET.

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