VANCOUVER, BC and CALGARY, AB, April 30,
2024 /CNW/ - Northstar Clean Technologies Inc.
(TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is
pleased to announce that it has received its first long-lead
equipment item, an advanced shingle grinding machine from
Rotochopper Inc. (the "Rotochopper"), for its planned asphalt
shingle reprocessing facility in Calgary,
Alberta (the "Empower Calgary Facility"). In line with the
procurement, fabrication, and construction strategy for the Empower
Calgary Facility, the Rotochopper was manufactured and assembled
off site and delivered fully assembled to the Empower Calgary
Facility. The Rotochopper will be used in the yard at the Empower
Calgary Facility to grind asphalt shingles for input to the shingle
reprocessing process.
Mr. Aidan Mills, President &
CEO and Director of Northstar, stated, "The arrival of the
Rotochopper, our first long-lead equipment item and major piece of
process equipment, is an exciting milestone for our company. The
Rotochopper is an advanced piece of equipment with cutting-edge
grinding technology and will be critical in ensuring we maximize
the recovery of valuable materials from our feedstock. The early
arrival of the Rotochopper underscores our proactive approach to
strategic planning, aimed at mitigating any potential delays
stemming from long-lead equipment items."
About Northstar
Northstar Clean Technologies Inc. is a Canadian 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
Cautionary Statement on Forward-Looking Information
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) completion of the Empower Calgary
Facility; (ii) the use of the Rotochopper at the
Empower Calgary Facility; 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 conflicts in
Ukraine and Palestine 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.