KAMLOOPS, BRITISH COLUMBIA – FEBRUARY 21, 2023 – Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) (“Progressive Planet”, “PLAN”, or the “Company”), a strategic partner and investee company with ZS2 Technologies (“ZS2”), would like to extend its congratulations to ZS2 for being awarded a $2.6 million grant to develop direct air capture technology.
On February 16, 2022, Sustainable Development and Technology Canada (“SDTC”), a federal Crown corporation, announced that ZS2 Technologies had been awarded the grant to develop direct air capture technology. ZS2’s ground-breaking work involves permanently removing CO2 from the atmosphere and incorporating it into high-performance cement building materials.
PLAN had previously announced a supply agreement with ZS2 to provide 24 tonnes of PozGlass™ SCM and PozZeo™ SCM to ZS2 over a twelve-month period, with an expected monthly supply of roughly two tonnes. However, PLAN has now received a purchase order and will be shipping a full truck of PozZeo, totalling 26 tonnes, to ZS2’s new pilot plant in Calgary this week. PozZeo is produced from fines created during the production of the Company’s Z-Lite® Feed Additive.
“Our value proposition when we purchased the Kamloops-based business with a 30-year track record was to leverage the acquired business’s in-house manufacturing capabilities, established product line, revenues, and distribution network that would accelerate the expansion of our proprietary technologies in the cement and chemical fertilizer replacement sectors. While we focus on growing the legacy business, we will continue to develop new markets for mineral powders as we focus on growing our legacy business,” states Steve Harpur, President and CEO of PLAN.
“Our ongoing collaboration with Progressive Planet to accelerate the development and commercialization of sustainable, resilient and cost-effective building technologies is going to accelerate with the support from SDTC” commented Scott Jenkins, ZS2 CEO. “The recognition and support from SDTC is further validation, along with our recognition from X-Prize as a Milestone Finalist, that our technologies, which include high-performance materials from Progressive Planet, are truly leading edge.”
