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VPN Technologies (CSE:VPN) files hydrogen tech patent

Market News, Technology
CSE:VPN
21 February 2023 12:45 (EDT)

VPN Technologies’ (VPN) subsidiary, Greentech Hydrogen Innovations, has filed a patent application for its Smart Hydrogen Storage and Distribution Sensor Technology.

According to VPN Technologies, the approval of this patent application is a major milestone for the company and for the wider hydrogen industry. Additionally, the patent is expected to drive further innovation and investment in hydrogen distribution and usage.

The company also stated the application process for this new invention has been designed to create a more efficient, reliable, and safe distribution system of hydrogen gas. The system uses advancements made in machine learning technologies.

Curtis Ingleton, CTO of VPN Technologies, commented,

 “This invention represents a significant step forward in the field of hydrogen distribution, allowing us to deliver hydrogen gas to customers with unprecedented efficiency, reliability, and safety.”

Advanced algorithms optimize system

Specifically, the system uses sensors and machine learning algorithms to monitor and optimize the entire distribution process. This is meant to ensure the hydrogen is delivered in the correct quantities, times, and locations. These goals are achieved by using real-time data collection and analysis provided by the sensors.

“Furthermore, the use of hydrogen as an energy carrier stands to unlock unrealized benefits in green power production, as it can be produced from renewable sources and stored as ‘waste’ energy that would otherwise go unused,” Ingleton said.

VPN Technologies (VPN) is unchanged, trading at $0.08 per share as of 11:05 a.m. EST.


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