AMPD Technologies Announces $1.8 Million Binding MOU with Unleash Future Boats GmbH to Develop Computing Containers for Autonomous Ships

Thursday, June 16, 2022

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Vancouver, BC, June 16, 2022--(T-Net)--AMPD Ventures Inc. (CSE: AMPD, OTCQB: AMPDF), a next-generation digital infrastructure provider, announced that its wholly-owned subsidiary, AMPD Technologies (Canada) Inc., has entered into a binding Memorandum of Understanding ("MOU") with Unleash Future Boats GmbH ("UFB"), for CAD $1.8 million in revenue to AMPD.

The MOU is part of an anticipated broader collaborative relationship between the two companies.

UFB are experts in water-based autonomous transportation and recipients of the Regulatory Sandbox Innovations Award by the Federal Republic of Germany.

AMPD Technologies will be developing and manufacturing four Computing Containers which will then be shipped to Schleswig-Holstein in Germany to commence "Proof of Concept" trials on a government-approved 42 km test field Schlei for autonomous ships.

This agreement marks an exciting new vertical for AMPD Technologies in the zero-emission, autonomous, maritime vessel market. The global autonomous ships market size was estimated to be worth USD $5.8 billion in 2020 and is projected to reach USD $14.2 billion by 2030, at a compound annual growth rate (CAGR) of 9.3% from 2020 to 2030[1].

The signing of the definitive agreement contemplated by the MOU is contingent upon the successful awarding of funds from the German Federal Ministry for Digital and Transportation, regarding a previously submitted funding grant to develop the Digital Port Schleswig-Holstein.

The grant award is anticipated by the fourth quarter of 2022.

Anthony Brown, CEO, AMPD Ventures Inc.

"UFB and AMPD share the vision of a sustainable, greener future," commented Anthony Brown, CEO of AMPD Ventures. "Having the opportunity to architect and build the next generation of digital infrastructure for maritime traffic, that will support zero-emissions watercraft, is very exciting. Lars and his team in Germany have developed first-class expertise in autonomous vehicle technology and we are looking forward to building out this solution that will have global implications together."

"We are very pleased to enter into a formal relationship with our Canadian partners, AMPD Technologies and their extremely impressive, high-performance computing capabilities," said Lars Engelhard, Founder and CEO of Unleash Future Boats.

About Unleash Future Boats GmbH (UFB)

UFB is a pioneer in the field of autonomous and zero-emission transport systems for mobility and logistics on the water. UFB develops sustainable solutions through electric drive systems with fuel cells and green hydrogen. The company has previously introduced ZeroOne, the world's first fully autonomous ship with international registration and global insurance.

Clean and sustainable mobility for people will be provided by FutureOne, an on-demand ferry that offers significant shortcuts on both urban and rural waterways. The logistics of the future on the water will be redefined by CargoOne, a zero-emission truck on the water. UFB's complete ecosystem includes fully digital ports, joint ventures and mobility hubs that are rewriting the rulebook of maritime transportation.

About AMPD Ventures Inc.

AMPD is a next-generation infrastructure company specializing in providing high-performance computing solutions for low-latency applications. With state-of-the-art, high-performance computing solutions hosted in sustainable urban data centres, AMPD is leading the transition to the next generation of computing infrastructure as 'the hosting company of the Metaverse.'

Through a mix of infrastructure as a service ("IaaS") and an upgraded, high-performance cloud offering, we are meeting the low-latency requirements of multiplayer video games and eSports, computer graphics rendering, artificial intelligence, machine learning, mixed reality, big data processing, and the as-yet uncharted technological developments of the coming decades. Additional information about the company is available on SEDAR and our website at http://www.ampd.tech.

Forward Looking Statements

This news release contains statements and information that constitute "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of our management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances and at the date that such statements are made, but which may prove to be incorrect. Forward looking information in this news release includes statements about management's intended use of the proceeds of the Private Placement, and management's ability to complete the Acquisition, and management's plans to accelerate the rollout of AMPD's High-Performance Edge computing environments around the world, and any other statements that are not statements of historical fact. [ MORE ]

Forward Looking Statements

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of AMPD to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, but are not limited to: successful completion of due diligence with respect to Departure Lounge, execution of a definitive agreement for the Acquisition and the ability to obtain approvals and satisfy conditions required for the Acquisition, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Form 2A Listing Statement dated October 17, 2019 and "Risk and Uncertainties" in the Company's most recent Management Discussion and Analysis filed on SEDAR.

Although the forward-looking information is based on our management's reasonable assumptions at the date such statements are made, there can be no assurance that the forward-looking information will prove to be accurate and that the Acquisition will complete, or that the Company will succeed in achieving its goals for rollout of its High-Performance Edge computing environments around the world, or that its expectations for the development of the Metaverse will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. AMPD does not undertake to update or revise any forward-looking information, except in accordance with applicable securities laws.

All forward looking information contained in this news release is qualified by this cautionary statement.

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Company Snapshot

AMPD Ventures Inc.

Vancouver (InfoTech)
10-19 Employees In BC (10-19 Employees Total)
Founded: 2015

With state-of-the-art, high-performance computing solutions hosted in sustainable urban data centres, AMPD is leading the transition to the next generation of computing infrastructure.

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