Poseidon Marine H2 is building a versatile boat that will operate on multiple fuels, including hydrogen and diesel.
Unique opportunity to invest in a seed-level company
A clear pathway to a planned listing on a major exchange in Q1 2024 to commercialise the product
The product will allow customers and manufacturers to purchase their proprietary technology — expected to be provisionally patented in September 2022
The boats will operate off current fuels and a carbon-free alternative when infrastructure is in place
Goal is to ensure the solution being developed has an equivalent operational range, requires less maintenance and is cheaper to run than other current technology
The registered IP will be used to form licensing agreements with large manufacturers and industrial/public contracts with defence forces, ferry operators, police bodies and other major maritime sectors around the world
Directors are already speaking with major boat manufacturers to form off-take agreements
As an industry-first technology, the intent is for the solution to be adopted as the global standard for hydrogen boating, which will open up to substantial royalty opportunities
Road map to a public listing
Stage 1: Engineering Proof of Concept (Completed in Q3 2022)
Technical feasibility study to determine compliance to current marine standards while integrating hydrogen as the fuel source.
Validation for insurance industry compliance.
Registration of IP.
Begin speaking with large boat manufacturers to form offtake agreements.
Stage 2: Engineering Design (Completed by January 2023)
Detailed engineering & design for the complete marine vessel.
Begin taking pre-orders for boats by Q3 2022.
Large offtake agreement secured by Q3 2022.
Stage 3: Building the boat (Completed by August)
Procure parts & manufacture components.
Assemble marine vessels.
Testing & validation.
The proof of concept will be showcased to potential customers and manufacturers interested in licensing agreements.
Secure large public contracts with the ADF, policing bodies or ferry operators.
Stage 4: Boat built, is operational and commissioned (Completed by September 2023)
Sea trialling begins.
Take orders for manufacturing vessels.
Licence the IP to existing OEM vessel manufacturers.
Stage 5: Seek a listing on a major exchange (Completed by February 2024)
Planned listing on a major exchange to fund the commercialisation of the technology.