First Tellurium Corp. and PyroDelta Establishing a U.S. Subsidiary to Facilitate Sales of Thermoelectric Products
The Company has also hired a consultant to help access government innovation funding in Canada.First Tellurium Corp. (CSE: FTEL, OTC: FSTTF) reports that its majority-owned subsidiary PyroDelta Energy is working with Canadian and U.S. legal counsel to establish a Florida-based subsidiary that will facilitate sales of thermoelectric devices to U.S. customers, including drone manufacturers and AI data center providers.
"Based on the recent successful testing and positive feedback with potential customers (as announced October 1st, September 18th and September 4th), we've been advised that the subsidiary should be in place as soon as possible," said First Tellurium President and CEO Tyrone Docherty. "We need to have everything set up to hit the ground running in anticipation of initial sales."
The Company also reports it has hired a consultant to help access the best sources of Canadian federal and provincial government funding for innovation, technology, clean energy and other related programs.
"Federal and provincial governments have been aggressive in their efforts to improve competitiveness in these sectors," said Docherty. "We believe PyroDelta's thermoelectric technology would qualify and be attractive for various grant, loan and capital investment programs, along with partnering and collaboration."
Canadian Prime Minister Mark Carney has been clear in his desire to build Canada into a clean energy superpower, positioning it as a global hub for clean manufacturing and low-carbon resource development.
"We believe PyroDelta's thermoelectric technology could play an important role in this transition," said Docherty.
About First Tellurium Corp.
First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and development of tellurium-based technologies.
First Tellurium is listed on the Canadian Securities Exchange under the symbol "FTEL" and on the OTC under the symbol "FSTTF". Further information about FTEL and its projects can be found at www.firsttellurium.com.
| On behalf of the board of directors of First Tellurium Corp. "Tyrone Docherty" Tyrone Docherty President and CEO | For further information please contact: Tyrone Docherty 604.789.5653 tyrone@firsttellurium.com |
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