VANCOUVER, BC, Sept. 27,
2023 /CNW/ - Northstar Clean Technologies Inc. (TSXV:
ROOF) (OTCQB: ROOOF) ("Northstar") is pleased to announce its site
opening event held at the location for the development of its first
commercial facility for reprocessing asphalt roofing shingles in
Rocky View County in Greater Calgary,
Alberta (the "Empower Calgary Facility").
The event was attended by government representatives, members of
industry, and included representatives from the following:
- Northstar – Mr. Aidan Mills,
President & CEO and Director; Ms. Kellie Johnston, Chief Sustainability Officer
and General Counsel; and Ms. Rosemary
Pritchard, Chief Financial Officer
- Emissions Reduction Alberta – Mr. Justin Reimer, CEO
- Chestermere-Strathmore, MLA – Chantelle de Jonge
- Representatives from the Business Development Bank of
Canada, and the TMX
Group
Mr. Justin Reimer, CEO of
Emissions Reduction Alberta, stated, "A more sustainable,
diversified provincial economy requires using our resources more
wisely. We need to think about waste as a resource rather than a
cost. Northstar's technology solution will help to provide the
construction industry with clean, sustainable processing solutions.
It will also support municipalities in their transition to the
circular economy by helping to eliminate the need for landfilling
waste shingles."
Mr. Brad Parry, President &
CEO of Calgary Economic Development Corp., stated, "Northstar's
choice to locate in the Calgary
region strengthens our position as a leading destination for
innovative companies. Their work will be the first of its kind in
North America and is a testament
to our business environment and entrepreneurial drive. These are
the cleantech players and solutions present in Calgary and Alberta."
Mr. Aidan Mills, President &
CEO and Director of Northstar, stated, "We were excited to welcome
representatives from media, government and industry from
Greater Calgary and Alberta who attended the opening of our first
commercial site, as we prepare for construction to commence at the
Empower Calgary Facility. Our vision is to be the leading provider
of reprocessing asphalt shingles in North
America and the first commercial shingle reprocessing
facility in Greater Calgary. This
is our first step towards achieving that vision. It was great to
welcome several of our partners that have helped make the
development of the Empower Calgary Facility happen and we are
excited to commence with the next steps in the project. We believe
we have a proprietary technology that can be a major waste
diversion option for asphalt shingles away from landfill in the
Greater Calgary area and
contribute significantly to Alberta's circular economy."
Pictured above (from left to right):
Jon Mook, "Mook Group of Companies";
Justin Reimer, CEO, Emissions
Reduction Alberta; Aidan Mills,
President and CEO, Northstar; Chantelle de Jonge MLA, Chestermere-Strathmore; Rosemary
Pritchard, CFO, Northstar; Kellie
Johnston, CSO and General Counsel, Northstar; Tod Englehart, Principal, Englehart Reed
About Northstar
Northstar Clean Technologies Inc. is a Canadian-based clean
technology company focused on the sustainable recovery and
reprocessing of asphalt shingles. Northstar has developed a
proprietary design process for taking discarded asphalt shingles,
otherwise destined for already over-crowded landfills, and
extracting the liquid asphalt for use in new hot mix asphalt,
shingle manufacturing and asphalt flat roof systems, and aggregate
and fiber for use in construction products and other industrial
applications. Focused on the circular economy, Northstar plans to
reprocess used or defective asphalt shingle waste back into its
three primary components for reuse/resale at its first commercial
scale up facility in Calgary,
Alberta. As an emerging innovator in sustainable processing,
Northstar's mission is to be the leader in the recovery and
reprocessing of asphalt shingles in North
America, extracting the recovered components from asphalt
shingles that would otherwise be sent to landfill.
For further information about Northstar, please visit
www.northstarcleantech.com.
On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release. The
TSXV has neither approved nor disapproved the contents of this
press release.
This press release may contain forward‐looking information
within the meaning of applicable securities legislation, which
forward‐looking information reflects the Company's current
expectations regarding future events. Forward-looking statements
are often identified by the words "may", "would", "could",
"should", "will", "intend", "plan", "anticipate", "believe",
"estimate", "expect" or similar expressions. Forward-looking
statements in this press release include, but are not limited to,
statements concerning: (i) the anticipated development and building
of the Empower Calgary Facility; (ii) the ability of Northstar's
proprietary technology to be a major waste diversion option for
asphalt shingles away from landfills in the Greater Calgary area and, in connection
therewith, its ability to contribute significantly to Alberta's circular economy; and (iii)
Northstar's ability to become a leader in the recovery and
reprocessing of asphalt shingles in North
America. Such statements are subject to risks and
uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
statements, including risks related to factors beyond the control
of the Company as well as those risks and uncertainties which are
more fully described under the heading "Risk Factors" in the final
prospectus of the Company dated June 18,
2021 and in the Company's annual and quarterly management's
discussion and analysis and other filings with the Canadian
securities regulatory authorities under the Company's profile on
SEDAR. Further, the ongoing labour shortages, high energy costs,
inflationary pressures, rising interest rates, the global financial
climate and the conflict in Ukraine and surrounding regions are some
additional factors that are affecting current economic conditions
and increasing economic uncertainty, which may impact the Company's
operating performance, financial position, and future prospects.
Collectively, the potential impacts of this economic environment
pose risks that are currently indescribable and immeasurable.
Readers are cautioned that forward-looking statements are not
guarantees of future performance or events and, accordingly, are
cautioned not to put undue reliance on forward-looking statements
due to the inherent uncertainty of such statements. These
forward-looking statements are made as of the date of this news
release and, unless required by applicable law, the Company assumes
no obligation to update these forward-looking statements.
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SOURCE Northstar Clean Technologies Inc.