DiagnaMed and QIMC to Advance Hydrogen Production Technology at the Ville Marie Clean Natural Renewable Hydrogen Project
TORONTO, Jan. 08, 2025 (GLOBE NEWSWIRE) — DiagnaMed Holdings Corp. (“DiagnaMed” or the “Company”) (CSE: DMED) (OTCQB: DGNMF), a leading innovator in hydrogen production technologies and artificial intelligence (AI) applications, is thrilled to announce a strategic collaboration with Québec Innovative Materials Corp. (CSE: QIMC, FSE: 7FJ, OTCQB: QIMCF) (“QIMC”). This partnership will deploy DiagnaMed’s pioneering technology, designed to accelerate the extraction of natural clean hydrogen, at QIMC’s Ville Marie Hydrogen Project in Québec.
Transforming the Clean Natural Hydrogen Energy Landscape
Fabio Chianelli, Chairman and CEO of DiagnaMed, expressed his enthusiasm for the collaboration:
We are delighted to partner with QIMC on this ground-breaking initiative.
“By field-testing our novel hydrogen-producing technology at the Ville Marie Clean Natural Renewable Hydrogen Project, we are taking a significant step toward advancing clean energy solutions. This collaboration underscores DiagnaMed’s commitment to forging strategic alliances with energy innovators, enabling cost-effective, carbon-neutral hydrogen production that aligns with global sustainability goals.”
Driving Innovation Through Collaboration
John Karagiannidis, CEO of Québec Innovative Materials Corp., commented:
We are thrilled to strategically collaborate with DiagnaMed on this transformative project.
“The Ville Marie Clean Natural Renewable Hydrogen Project represents a pivotal opportunity to integrate innovative technologies into sustainable energy production. 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. This partnership is a testament to the potential of collaboration to drive impactful change and create long-term value for stakeholders.”
Revolutionizing Hydrogen Production
DiagnaMed’s cutting-edge hydrogen production technology represents a breakthrough in clean energy. Developed by Dr. Qingwang Yuan of the HOPE Group at Texas Tech University, the patented method (WO2023044149A1) combines hydraulic fracturing with electromagnetic wave heating to extract hydrogen from light oil, gas, and shale reservoirs, as well as ultramafic rock formations.
This technology offers unparalleled efficiency and sustainability, with potential hydrogen production costs as low as $0.86 per kilogram. The method aligns with the U.S. Department of Energy’s “Hydrogen Energy Earthshot” initiative to achieve $1/kg hydrogen production by 2031.
By reusing existing oil and gas infrastructure, it delivers a competitive advantage, positioning DiagnaMed and QIMC at the forefront of the clean natural hydrogen revolution.
In exchange for the collaboration, QIMC will receive 2,000,000 shares of DMED.
About Québec Innovative Materials Corp. (QIMC)
Québec Innovative Materials Corp. is a forward-thinking exploration and development company committed to harnessing Canada’s abundant natural resources responsibly. With a focus on natural hydrogen and high-grade silica deposits, QIMC is driving innovation to support the AI-powered, carbon-neutral economy. Through environmental stewardship and cutting-edge extraction technologies, QIMC is dedicated to advancing sustainable energy solutions and shaping a greener future.
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DiagnaMed and QIMC to Advance Hydrogen Production Technology at the Ville Marie Clean Natural Renewable Hydrogen Project, source
