ECM:CC - Ecolomondo Issues Revenue Update for Hawkesbury TDP Facility

(TheNewswire)

Montreal, QC – TheNewswire- April 19, 2022 -- Ecolomondo Corporation (TSXV:ECM) (OTC:ECLMF) (the “ Company ” or“ Ecolomondo ”), a cleantech company specializing in the commercialization of its Thermal Decomposition Process(“ TDP ”) proprietary recycling technology and the building andoperating of turnkey TDP facilities globally, today announced updated revenue projections for itsHawkesbury TDP facility.

On the heels of the recently signed and unprecedented,recovered carbon black (“ rCB ”) offtake agreement. The companyprojects annual revenues will now climb to approximately C$15,000,000 and havea strong EBITDA* margin of approximately 60%. The Hawkesbury TDPfacility will commence revenue generating activities within the nextfew weeks. The company expects that quarterly revenues will normalizeonce the facility finishes its production ramp up period. As thecompany transitions from pre-revenue to revenue generation and growth,the company plans to maintain regular updates on revenue projections.

*EBITDA is provided as a supplementary earnings measureto assist readers in determining the Company’s ability to generatecash-flows from operations and to cover finance charges. This is aNon-GAAP Financial Measure and as such Non-GAAP Financial Measures donot have standardized meanings prescribed by IFRS and are thereforeunlikely to be comparable to similar measures presented by othercompanies.

“Ecolomondo Hawkesbury will demonstrate to industrystakeholders that it possesses the skills along with the managementand the technical teams to take the next generation TDP turnkeyfacilities from concept to commercial reality. Our revenue updatetoday demonstrates the strong demand from the industrial manufacturingsector for our recycled by-products. We expect that continued revenuegrowth will come as we build and operate more TDP turnkey facilities.Using tailwinds of successful operations of the Hawkesbury plant, wewill embark on an aggressive expansion campaign beginning with thebuilding of the new Shamrock, Texas facility,” stated Eliot Sorella,Chairman and CEO. “The Shamrock, Texas facility will bringtremendous visibility to Ecolomondo because of its size and location.It should position us to be a global leader as a producer and sellerof rCB.”

Investor Update Webinar

The Company will provide a focused discussion onprogress of the Hawkesbury TDP facility, the Shamrock project andrecent offtake agreements. An investor Q&A session will follow thepresentation.

When: April 19,2022, at 4:30 PM EST

You can register for the webinar by following the linkbelow.

https://us06web.zoom.us/webinar/register/WN_GrNowerZRAqj3yu1vyyQQA

A recorded version of the presentation will beavailable afterwards.

About Ecolomondo Corporation

Ecolomondo Corporation is a Canadian cleantech company headquarteredin Québec, Canada with an over 25-year history focused onwaste-to-resource technology development and deployment. Ecolomondohas developed the proprietary Thermal Decomposition Process(“ TDP ”) which recovers high value circular commodities fromend-of-life tires including recovered carbon black (“ rCB ”), oil andsteel. TDP lowers carbon emissions by up to 90% versus virgin carbonblack production. Ecolomondo has adopted a triple bottom line approachto business focused on people, planet, and profit. Ecolomondo tradeson the TSX Venture Exchange under the symbol (TSXV:ECM). To learnmore, visit www.ecolomondo.com

Ecolomondo Corporation Contact

Eliot Sorella

Chairman and Chief Executive Officer, Ecolomondo

Tel: (450) 587-5999

esorella@ecolomondocorp.com

www.ecolomondo.com

Cautionary NoteRegarding Forward Looking 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 assurance 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.

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

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