Aduro Clean Technologies Engages KCSA Strategic Communications to Provide Investor Relations and Digital Marketing Services
July 09 2024 - 7:00AM
Aduro Clean Technologies Inc.
(“
Aduro” or the “
Company”) (CSE:
ACT) (OTCQX:
ACTHF) (FSE:
9D50), a Canadian technology company using the
power of chemistry to transform lower value feedstocks, like waste
plastics, heavy bitumen, and renewal oils, into resources for the
21st century, announces that it has entered into an investor
relations and digital services agreement (the “
KCSA
Agreement”) with an arm’s length marketing firm, Kanan
Corbin Schupak & Aronow, Inc. dba KCSA Strategic Communications
(“
KCSA”) of New York City, New York.
KCSA will provide investor relations and digital
services, including building and managing Aduro’s brand through
their AmplifIR digital IR platform (the “Services”), for an initial
term of six months beginning July 15, 2024 (the “Initial Term”),
which Services shall continue thereafter unless either the Company
or KCSA provides written termination notice not less than 30 days
prior to the end of the Initial Term, and thereafter upon at least
30 days’ written notice by either the Company or KCSA.
In consideration for the Services, Aduro will
pay KCSA a monthly fee of US$10,000 for investor relations
services, a one-time project fee of US$12,500 upon execution of the
KCSA Agreement, and US$106,400 for digital marketing services paid
in two installments of US$53,200 over 2 months. KCSA is not related
to the Company and, to the knowledge of the Company’s management,
has no interest, directly or indirectly, in Aduro or its
securities. KCSA is at arm’s length to Aduro and has no other
relationship with Aduro except pursuant to the KCSA Agreement.
The Company’s engagement with KCSA, a leading
New York-based communications firm, is another step in its efforts
to enhance communication with the current investor community and
expand visibility to a greater audience. The Company expects that
KCSA will be able to facilitate greater awareness and widespread
dissemination of the Company’s news. KCSA will employ a
comprehensive communications program designed to increase awareness
of Aduro across the investment community. Since 1969, the firm has
demonstrated strategic thinking and program execution that drives
results for its clients in the ever-changing communications and
digital landscape.
About Aduro Clean
Technologies
Aduro Clean Technologies is a developer of
patented water-based technologies to chemically recycle waste
plastics; convert heavy crude and bitumen into lighter, more
valuable oil; and transform renewable oils into higher-value fuels
or renewable chemicals. The Company’s Hydrochemolytic™ technology
relies on water as a critical agent in a chemistry platform that
operates at relatively low temperatures and cost, a game-changing
approach that converts low-value feedstocks into resources for the
21st century.
For further information, please
contact:
Ofer Vicus, CEOovicus@adurocleantech.com
Abe Dyck, Investor Relationsir@adurocleantech.com+1 226 784
8889
Forward-Looking Statements
This news release contains forward-looking
statements. All statements, other than statements of historical
fact that address activities, events, or developments that the
Company believes, expects or anticipates will or may occur in the
future, are forward-looking statements. The forward-looking
statements reflect management’s current expectations based on
information currently available and are subject to a number of
risks and uncertainties that may cause outcomes to differ
materially from those discussed in the forward-looking statements.
In this release, the forward looking statements include, but are
not limited to, expectations regarding the implementation of
investor relations and digital services of KCSA and, in particular,
the anticipated effects of the proposed marketing services,
including increased awareness of the Company and its developing
technologies in Canada, the United States and internationally.
Although the Company believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking
statements are not guarantees of future performance and,
accordingly, undue reliance should not be put on such statements
due to their inherent uncertainty. Important factors that could
cause actual results to differ materially from the Company’s
expectations include, but are not limited to, the marketing
services not being provided as anticipated, the delivery of such
services not resulting in the anticipated results, adverse market
conditions and other factors beyond the control of the parties. The
Company expressly disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
applicable law.
The CSE has not reviewed, approved, or
disapproved the content of this news release.
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/40484cf4-88bc-4986-a56d-1b2389162795
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