DiagnaMed and QIMC Team Up to Revolutionize Clean Hydrogen Production
TORONTO, Jan. 08, 2025 - DiagnaMed Holdings Corp., a leading innovator in hydrogen production technologies and artificial intelligence applications, has announced a strategic collaboration with Québec Innovative Materials Corp. to accelerate the extraction of natural clean hydrogen.
The partnership involves deploying DiagnaMed's pioneering technology at QIMC's Ville Marie Hydrogen Project in Québec, which is designed to extract hydrogen from light oil, gas, and shale reservoirs using a patented method that combines hydraulic fracturing with electromagnetic wave heating.
According to Fabio Chianelli, Chairman and CEO of DiagnaMed, the collaboration is a significant step towards advancing clean energy solutions. "We are delighted to partner with QIMC on this groundbreaking initiative," he said. "By field-testing our novel hydrogen-producing technology, we are taking a huge leap towards cost-effective, carbon-neutral hydrogen production that aligns with global sustainability goals."
John Karagiannidis, CEO of Québec Innovative Materials Corp., expressed his enthusiasm for the collaboration, citing the project's potential to integrate innovative technologies into sustainable energy production. "We are thrilled to strategically collaborate with DiagnaMed on this transformative project," he said. "By leveraging DiagnaMed's cutting-edge hydrogen technology, we are strengthening our commitment to advancing clean energy solutions and positioning QIMC as a leader in the emerging natural hydrogen sector."
The patented method developed by Dr. Qingwang Yuan of the HOPE Group at Texas Tech University offers unparalleled efficiency and sustainability, with potential hydrogen production costs as low as $0.86 per kilogram.
"This technology represents a breakthrough in clean energy," said Chianelli. "We are proud to be partnering with QIMC to bring it to market."
As part of the collaboration, QIMC will receive 2,000,000 shares of DiagnaMed common stock.
A Groundbreaking Initiative
The Ville Marie Clean Natural Renewable Hydrogen Project is a pivotal opportunity to integrate innovative technologies into sustainable energy production. By leveraging DiagnaMed's cutting-edge hydrogen technology, QIMC aims to advance clean energy solutions and shape the future of the natural hydrogen sector.
"This partnership is a testament to the potential of collaboration to drive impactful change and create long-term value for stakeholders," said Karagiannidis. "We look forward to working together with DiagnaMed to bring this visionary project to life."
About DiagnaMed Holdings Corp. DiagnaMed is a leading innovator in hydrogen production technologies and artificial intelligence applications.
About Québec Innovative Materials Corp. Québec Innovative Materials Corp. is a forward-thinking exploration and development company committed to harnessing Canada's abundant natural resources responsibly.
This news release contains forward-looking statements, including with respect to future plans and other matters. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect.
For more information, please contact:
Fabio Chianelli
Chairman and CEO
DiagnaMed Holdings Corp.
Tel: 416-800-2684
Email: info@diagnamed.com
Website: www.diagnamed.com