HT's Patented Next-Gen Boiler Burner Technology Opens New Doors to Hard-to-Abate Direct Fired Industrial Applications

TULSA, OK and VANCOUVER, BC / ACCESSWIRE / June 20, 2024 / Hydrogen Technologies ("HT"), a wholly owned subsidiary of Jericho Energy Ventures Inc. (TSXV:JEV)(OTC PINK:JROOF)(FRA:JLM), is pleased to announce that it has successfully tested its patented, next generation Dynamic Combustion Chamber (DCC) boiler burner at the Ohio facility of Selas Heat Technology Company LLC, one of HT's partners for its DCC boiler burner.

HT's patented, next-gen zero-emission burner system was engineered to lower manufacturing costs, improve DCC boiler maintenance efficiencies and enhance boiler output flexibility. It was also designed for utilization beyond the DCC boiler's steam and hot water production, including direct fired industrial applications to make products that require extremely high temperatures in their manufacturing processes.

Direct fired industrial applications are processes where a flame or high-temperature gas comes into direct contact with the material being heated or treated. This method is commonly used for its efficiency and ability to achieve high temperatures rapidly. Direct fired is used in many industrial applications, including the production of steel, glass, ceramics, chemicals, cement, asphalt and bitumen, etc.

Brian Williamson, CEO of Jericho Energy Ventures, stated, "We are excited to extend our zero-emission combustion technology beyond steam and hot water generation. Through collaboration with Selas, we aim to provide solutions for decarbonizing hard-to-abate, high-temperature industrial processes that rely on direct fired applications."

HT plans to host a series of Demo Days later this calendar year for clients and partners to see the next-gen DCC boiler burner system in operation.

HT's DCC GHG-free hydrogen-fueled boilers offer a highly efficient and sustainable alternative to conventional, polluting, fossil fuel-based boilers. DCC boilers eliminate greenhouse gas emissions, providing a clean and eco-friendly source of steam for various industries and applications. Through an exothermic reaction that combines pure hydrogen (H2) and pure oxygen (O2) gas, the DCC boiler achieves industry leading fuel efficiency with zero greenhouse gas emissions.1 The DCC boiler was awarded the Solar Impulse Foundation's prestigious "Solar Impulse Efficient Solution" label, recognizing profitable solutions to protect the environment.

About Hydrogen Technologies

Hydrogen Technologies (HT) offers its award-winning CLEAN, ZERO-EMISSION ENERGY SOLUTION for the Commercial and Industrial Boiler Market. There are a wide range of applications for our cleanH2steam DCC boiler, which works much like traditional commercial heat, hot water and industrial steam boilers. Whether the application is district heating, food processing, chemical refining, pharmaceuticals, pulp and paper mills, or any other industrial process, HT has a reliable, efficient and clean solution for your GHG and ESG goals.

HT CONTACT:
Dean Moretton, Chief Commercial Officer
Hydrogen Technologies
Email: sales@hydrogentechnologiesllc.com

About Jericho Energy Ventures

Jericho is an energy company positioned for the current energy transitions; owning, operating and developing both traditional hydrocarbon JV assets and advancing the low-carbon energy transition, with active investments in hydrogen. Our wholly owned subsidiary, Hydrogen Technologies , delivers breakthrough, patented, zero-emission boiler technology to the Commercial & Industrial heat and steam industry. We also hold strategic investments and board positions in H2U Technologies (a breakthrough electrocatalyst and low-cost electrolyzer platform) and Supercritical Solutions (developing the world's first, high pressure, ultra-efficient electrolyzer). Jericho also owns and operates long-held producing oil and gas JV assets in Oklahoma which it is currently developing from cash flows in an effort to further increase production.

JEV CONTACT:
Allen Wilson, Director, or
Adam Rabiner, Dir. of Investor Relations
Jericho Energy Ventures Inc.
Tel. 604.343.4534
Email: investorrelations@jerichoenergyventures.com

1 Process Engineering Associates, LLC, "DCC Efficiency Test Report," by Chris Muntean, August 2022

This news release contains certain "forward-looking information" and "forward-looking ‎statements" (collectively, "forward-looking statements") within the meaning of applicable ‎securities laws. Such forward-looking statements are not representative of historical facts or ‎information or current condition, but instead represent only Jericho's beliefs regarding future ‎events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of ‎Jericho's control. Forward-looking statements are frequently characterized by words such as ‎‎"plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, ‎or statements that certain events or conditions "may", "will" or "may not" occur.‎ Specifically, this ‎news release contains forward-looking statements relating to, among others, the successful adoption of HT's next-gen boiler burner technology for direct fired industrial applications.

Forward-looking statements are subject to a variety of risks and uncertainties and other factors ‎that could cause actual events or results to differ materially from those anticipated in the forward-‎looking statements, which include, but are not limited to: regulatory changes; changes to the ‎definition of, or interpretation of, foreign private issuer status; the impacts of COVID-19 and other ‎infectious diseases; general economic conditions; industry conditions; current and future ‎commodity prices and price volatility; significant and ongoing stock market volatility; currency and ‎interest rate fluctuation; governmental regulation of the energy industry, including environmental ‎regulation; geological, technical and drilling problems; unanticipated operating events; the ‎availability of capital on acceptable terms; the need to obtain required approvals from regulatory ‎authorities; liabilities and risks inherent in oil and gas exploration, development and production ‎operations; liabilities and risks inherent in early stage hydrogen technology projects, energy ‎storage, carbon capture and new energy systems; changes in government environmental ‎objectives or plans; and the other factors described in Jericho's public filings available at ‎.

The forward-looking statements contained herein are based on certain key expectations and ‎‎assumptions ‎of Jericho ‎concerning anticipated financial performance, business prospects, ‎strategies, ‎regulatory regimes, the ‎‎sufficiency of budgeted capital expenditures in carrying out ‎planned activities, the ability to obtain financing on ‎acceptable terms, expansion of consumer ‎adoption of the Company's (or its subsidiaries') technologies and products, results of DCC feasibility studies and the success of ‎investments, all of which are ‎subject to change based on ‎market conditions, ‎potential timing delays ‎and other risk factors. Although Jericho believes that these assumptions and the expectations ‎are ‎reasonable based on information currently available to management, such ‎statements are not ‎guarantees of future performance and actual results or developments may differ materially from ‎‎those in the forward-looking statements. Investors should not place undue reliance on forward-‎looking ‎statements.‎

Readers are cautioned that the foregoing lists are not exhaustive. The forward-looking statements ‎contained in this news release are made as of the date of this news release, and Jericho does not ‎undertake to update any forward-looking statements that are contained or referenced herein, ‎except as required by applicable securities laws‎.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in ‎the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of ‎this release.

SOURCE: Jericho Energy Ventures Inc.