ECLMF - Ecolomondo Engages Volt Strategic Partners for Market Communications and Capital Advisory Services
(TheNewswire)
Montreal – TheNewswire- August 9, 2021 Ecolomondo Corporation (TSXV:ECM) (the “ Company ” or “ Ecolomondo ”), acleantech company specializing in the development of proprietaryThermal Decomposition Process (TDP) recycling technology and thecommercialization of turnkey TDP facilities used to transform tires,plastics and other hydrocarbon waste into salable renewablecommodities, is pleased to announce that it has retained VoltStrategic Partners Ltd. (“ Volt Strategic ” ) as its capital markets andcommunications advisor.
Volt Strategic is a market communications and capitaladvisory firm working with senior business leaders and innovators tohelp grow organizational value, build business, and accelerate marketappreciation for emerging technology, sustainability, and lifesciences public companies.
“As our first-of-its-kind Hawkesbury processingfacility comes online this Fall, we’re embarking on an aggressiveexpansion plan to solidify industry partnerships and formalize newcustomer opportunities,” said Ecolomondo’s Chairman and ChiefExecutive Officer, Elio Sorella. “Volt Strategic came to us highlyrecommended, and has already been making meaningful industryintroductions that will help shape and scale our growth efforts movingforward.”
Under the terms of the July 30, 2021 agreement withVolt Strategic, Ecolomondo will pay Volt Strategic an aggregate amountof $37,500 over a term of three months for services and has granted 175,000 stock options of the Company,exercisable for a period of two years at a price of $0.65 per share. The Company will also provide Volt Strategicwith a $25,000 refundable liquidity deposit (the “ Liquidity Deposit ”)on commencement of services that will be returned to the Company atthe end of the term. The agreement between the Company and VoltStrategic may be extended with the prior written consent of theparties or terminated at any time by the Company or VoltStrategic.
About Ecolomondo’s Hawkesbury TDPFacility
The Hawkesbury TDP facility will redefine scrap tireprocessing, creating renewable products at a much cleaner and saferenvironment, all at a cheaper cost. Comprised of four differentprocessing departments (shredding, thermal processing, recoveredcarbon black processing and oil fractionation) this facility isexpected to process a minimum of 14,000 tons of tire waste per yearwhen fully operational, producing 5,300 tons of recovered carbonblack, 42,700 barrels of oil, 1,800 tons of steel, 1,600 tons ofprocess gas and 850 tons of fiber at full capacity. Commissioning isexpected to begin early September 2021, with commercial operationsexpected to gradually commence in October 2021.
About Ecolomondo Corporation
Ecolomondo is a Canadian cleantechcompany specializing in the commercialization of its waste-to-productsoperations and proprietary Thermal Decomposition Process(“ TDP ”) technology. With 25+ years of industry experience and atrack record of establishing strong circular economy partnerships, theCompany is strategically positioned to become a major global vendor ofturnkey TDP facilities that convert hydrocarbon waste into marketable commodity end-products including carbon blacksubstitute, oil, gas and steel.
Revenue growth will come from the sale offully-automated and energy self-sufficient TDP facilities andadditional royalties from the sale of end-products, tipping fees andcarbon credits. Ecolomondo’s initial focus is to aggressively marketTDP facility expansion throughout North America, as management hasbeen speaking with numerous public and private sector industry groupslooking for breakthrough solutions extending across the entire productmanagement and processing lifecycle.
Cautionary Note Regarding ForwardLooking Statements
The information in this news release includes certaininformation and statements about management’s view of future events,expectations, plans and prospects that constitute forward lookingstatements. These statements are based upon assumptions that aresubject to significant risks and uncertainties. Because of these risksand uncertainties and as a result of a variety of factors, the actualresults, expectations, achievements or performance may differmaterially from those anticipated and indicated by theseforward-looking statements. Although Ecolomondo believes that theexpectations reflected in forward looking statements are reasonable,it can give no assurances that the expectations of any forward-lookingstatements will prove to be correct. Except as required by law,Ecolomondo disclaims any intention and assumes no obligation to updateor revise any forward-looking statements to reflect actual results,whether as a result of new information, future events, changes inassumptions, changes in factors affecting such forward lookingstatements or otherwise.
For further information please contact:
Elio Sorella,
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
NOT FOR DISTRIBUTION TO U.S NEWSWIRESERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Copyright (c) 2021 TheNewswire - All rights reserved.