VANCOUVER, BC and CALGARY AB, July 15,
2024 /CNW/ - Northstar Clean Technologies Inc. (TSXV:
ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to
announce that it has been issued a patent (the "Patent") for the
Company's front-end technology for reprocessing asphalt shingles
from the Canadian Intellectual Property Office (the "CIPO"). The
Patent is expected to remain in force until 2042. Further,
Northstar has a pending Patent Cooperation Treaty ("PCT")
application which preserves the right to file a patent application
in any of the 157 PCT contracting states.
Mr. Aidan Mills, President &
CEO and Director of Northstar, stated "We are pleased to have
received our fast-tracked Canadian Patent for our proprietary
asphalt shingle reprocessing technology. The Patent follows two
patents issued by the United States Patent and Trademark Office
("USPTO") for both the front-end technology for reprocessing
asphalt shingles and the follow-on patent for the second stage of
our four-stage proprietary technology for reprocessing asphalt
roofing shingles. We continue to advance further patents with the
CIPO, USPTO and international patent offices, as we seek to protect
the strength of our proprietary technology in Canada, the United
States and abroad."
The Patent application was previously granted fast track status,
as announced by the Company on February 14, 2023,
on the grounds that the application relates to green technology
that either helps resolve or mitigate environmental impacts or
conserves the natural environment or natural resources.
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 statements concerning:
(i) Northstar's plans to file international
patents, (ii) Northstar's ability to become a
leader in the recovery and reprocessing of asphalt shingles in
North America, as well as
(iii) any general statement regarding potential
commercial benefits with respect to the Patent derived by
Northstar. 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+. The ongoing
dispute between the sovereign state of Ukraine and Russia also poses risks that are currently
indescribable and immeasurable. No assurance can be given that any
of the events anticipated by the forward-looking statements will
occur or, if they do occur, what benefits the Company will obtain
from them. The Company does not undertake any obligation to update
such forward‐looking information whether because of new
information, future events or otherwise, except as expressly
required by applicable law.
Should one or more of these risks or uncertainties
materialize, or should assumptions underlying the forward-looking
statements prove incorrect, actual results may vary materially from
those described herein as intended, planned, anticipated, believed,
estimated or expected. Although the Company has attempted to
identify important risks, uncertainties and factors which could
cause actual results to differ materially, there may be others that
cause results not to be as anticipated, estimated or intended and
such changes could be material. The Company does not intend, and do
not assume any obligation, to update the forward-looking statements
except as otherwise required by applicable law.
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SOURCE Northstar Clean Technologies Inc.