KAMLOOPS, BC, July 5, 2022
/CNW/ - Progressive Planet Solutions Inc.
(TSXV: PLAN) ("PLAN", "Progressive Planet" or
the "Company"), a disruptive innovator for cement and
agricultural tech, announces expansion into custom-blended
regenerative fertilizers and soil amendments using new
specialty-blending equipment.
PLAN has performed seasonal, single-ingredient toll-processing
of regenerative fertilizer powders since August 2020 at its pilot plant. The pilot plant
has now been fully disassembled with all industrial-sized equipment
moved to Kamloops.
Utilizing new blending equipment that came fully paid for with
the acquisition of Absorbent Products, PLAN can now uniformly mix
up to 20 tonnes per hour of multi-ingredient custom fertilizer
powders to exact customer specifications.
Custom blends of fertilizers are applied at different times and
for a variety of desired outcomes. For example, Hydr8™ Soil
Amendment is a combination of biochar, zeolite, and humates in one
easy to apply blend. The addition of Hydr8 to native soils
increases the viability of transplants and improves plant
resistance to drought and stress. This week, PLAN commenced first
commercial production of Hydr8 in partnership with Eco Health
Industries Ltd. ("Eco Health").
"We developed Hydr8 in our own lab with small-scale trials over
the last three years. After receiving our first commercial order
from a famous 40-year-old winery in the Okanagan, we searched for a
company to blend Hydr8 at scale. We attended the premises of
Progressive Planet Products to witness the blending of Hydr8 and
were impressed with the throughput and quality of their new
blending equipment," stated Darcy
Lepine, co-owner of Eco Health. "The blending equipment
gives me great confidence that Progressive Planet Products can
scale processing of this exciting new product for our company
without us having to invest in new equipment ourselves."
The next phase of product offerings will be the ability to
convert fertilizer powders into pellets to enable application of
specialty fertilizer pellets using traditional broadcast fertilizer
spreaders. To enter the pelleted fertilizer market, PLAN ordered a
16-foot-wide disc pelletizer in May
2022 and expects delivery of this pelletizer in August 2022 with plans to begin producing both
single-ingredient and custom-blend regenerative fertilizer pellets
in Fall of 2022.
About Progressive Planet
Progressive Planet is a B2B disruptive tech innovation company
providing circular solutions using micronized minerals for cement
and agricultural sectors. PLAN is developing and producing a
portfolio of proprietary solutions focused on sequestering CO2 and
minimizing the carbon footprint of our customers.
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.
Forward-Looking
Statements:
This news release contains forward-looking information within
the meaning of Canadian securities laws. Although the Company
believes that such information is reasonable, it can give no
assurance that such expectations will prove to be correct.
Forward looking information is typically identified by such
words as "believe," "expect," "anticipate," "intend," and similar
expressions, or are those that, by their nature, refer to future
events. The Company cautions investors that any forward-looking
information provided by the Company are not guarantees of future
results or performance, and that actual results may differ
materially from those in forward looking information as a result of
various factors, including but not limited to: the Company's
ability to complete the acquisition as described; the Company's
ability to complete the proposed private placement; the general
state of the industry in which the Company operates; the state of
financial markets generally; and other risks and factors that the
Company is not aware of at this time.
SOURCE Progressive Planet Solutions