Monthly Archives :

September 2021

Progressive Planet Appoints Mr. Peter Lacey to its Board

Progressive Planet Appoints Mr. Peter Lacey to its Board 150 150 Progressive Planet Inc.

Vancouver, September 13, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), is pleased to announce the appointment of Peter Lacey as an independent member of its Board of Directors, effective immediately.

 

Peter has a proven track-record of building companies, most notably growing a single John Deere dealership into a leading global company, TSX-listed Cervus Equipment Corporation (“Cervus”). Cervus operates 64 dealerships across Canada, Australia, and New Zealand with 2020 revenue of $1.2 billion. Peter is the founder, the long-time Chairman, and largest shareholder of Cervus, which recently announced that it had agreed to be acquired by Brandt Tractor Ltd. for $19.50 per share in cash, creating one of the largest privately-held dealership groups in the world. The transaction values Cervus at approximately $302 million.

 

“I am proud to have founded, grown, and provided an exit for our shareholders at Cervus,” states Peter Lacey. “With this chapter of my life closing, I am focusing my current efforts on early-stage companies focused on sustainability and the mitigation of climate change. I am enthused to be both an investor and a director of PLAN and look forward to using my experience in growing another public company.”

 

PLAN has granted 400,000 stock options to Peter exercisable for a period of 3 years. The options have been granted in accordance with the Company’s stock option plan.

 

“We are pleased to welcome Peter Lacey and honoured he has accepted our invitation to join our board as we continue to add world-class talent to the Company,” says Steve Harpur, CEO. “Peter’s experience in rolling-up businesses at Cervus will assist PLAN as we grow organically while also evaluating opportunities to grow through potential acquisitions of other natural pozzolan businesses or companies.”

 

ABOUT PROGRESSIVE PLANET

 

Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.

 

Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.

 

For further information or investor relations inquiries, please contact us:

 

1-800-910-3072

[email protected]

www.progressiveplanet.ca

 

or

 

Jeff Walker,

Vice President, The Howard Group

403-221-0915

888-221-0915

[email protected]

 

Forward-Looking Statements:

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.

Progressive Planet Receives 91-Day RCP Results for PozGlass™ SCM

Progressive Planet Receives 91-Day RCP Results for PozGlass™ SCM 150 150 Progressive Planet Inc.

Vancouver, September 07, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), is pleased to announce the positive 91-day Resistance to Chloride Ion Penetration (RCP) test results for its PozGlass™ SCM product. The Company is focused on delivering economic and eco-friendly solutions for the cement and concrete industry.

On June 23, 2021, PLAN announced the better-than-expected accelerated-cure RCP test results for PozGlass SCM. The 28-day accelerated-cure test results give an indication of the result expected at 91 days with standard curing. The Company is pleased to announce the 91-day RCP test results of 1035 Coulombs with 25% of Portland cement replaced with PozGlass SCM are identical to those received during the 28-day accelerated-cure test results.

“We believe PozGlass SCM will radically reduce the carbon footprint of cement through every step of the process,” stated Steve Harpur, CEO. “Lower permeability means longer-lasting concrete and less cement powder used in the future, which is key to reducing CO2 emissions.”

With the confirmation of the results, management remains optimistic that the market potential for the proprietary formulation and process in the blending of natural pozzolans and recovered post-consumer glass could be larger than originally expected.

On or before October 18, 2021, PLAN will be releasing the 6-month sulfate resistance test that began in April of this year. The test is the last remaining concrete durability test underway with C&CS Atlantic and represents another potential market size boost for PozGlass SCM.

Numerous precast and ready-mix concrete applications specify moderate-to-high resistance to sulfate attack and therefore require cement capable of resisting sulfate attack. Preliminary results from sulfate-resistance tests indicate that PozGlass SCM used at a 25% replacement for Portland cement significantly increases resistance to sulfate attack, as shown in the graph below:

Sulfate resistance helps protect against soils or ground waters where sulfate concentrations are higher than normal; often necessary in foundations such as basements and pilings. Sulfate resistant concrete is also widely used for concrete exposed to seawater and salt-water environments, in agriculture for structurally reinforced concrete exposed to manure and/or silage gases, and for concrete applications exposed to municipal sewage and industrial effluent.

PLAN is using the information gathered in these final phases of testing to facilitate early discussions with concrete producers, which has already met with success. The July 15 announcement of an LOI with ZS2 Technologies Ltd. stated PLAN will commence supplying ZS2 Technologies with commercial amounts of SCM product in Q4 2021, ramping up to 10,000 tons annually of Natural Pozzolan from PLAN’s Z1 Natural Pozzolan Quarry as the Company moves towards full-scale commercialization in Western Canada and the Pacific Northwest.

 

ABOUT PROGRESSIVE PLANET

 

Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.

 

Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.

 

For further information or investor relations inquiries, please contact us:

 

1-800-910-3072

[email protected]

www.progressiveplanet.ca

 

or

 

Jeff Walker,

Vice President, The Howard Group

403-221-0915

888-221-0915

[email protected]

 

Forward-Looking Statements:

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.

 

 

Progressive Planet Receives Funding for Optimization of PozGlass™ SCM

Progressive Planet Receives Funding for Optimization of PozGlass™ SCM 150 150 Progressive Planet Inc.

Vancouver, September 01, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), is pleased to announce that it is receiving advisory services and funding of up to $100,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support the Company’s research and development project to optimize PozGlass™ SCM. The project furthers the Company’s path to commercialization of economic and eco-friendly cement powders to replace Portland cement and fly ash in the production of concrete.

In recent weeks, PLAN has successfully sequestered CO2 into the post-consumer glass in PozGlass SCM using a proprietary process. Early results show the carbonated glass improves performance and the emissions reduction potential of PozGlass SCM. A US provisional patent application has been filed by PLAN.

“It is exciting that our early efforts to permanently sequester carbon dioxide in glass have been successful,” states Steve Harpur, CEO. “With our NRC IRAP-supported project, we are seeking to further reduce the carbon footprint of PozGlass SCM by converting CO2 into carbonate, which is permanent carbon sequestration. It is our continued intention to rapidly commercialize PozGlass SCM as a substitute for a significant portion of Portland cement and fly ash used concrete mixes with PozGlass SCM possessing a fraction of the carbon footprint of both Portland cement and fly ash.”

Unlike the production of Portland cement and fly ash, the production of PozGlass SCM does not require high temperature roasting or generate huge amounts of off-gassed CO2.

 

ABOUT PROGRESSIVE PLANET

Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.

Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.

For further information or investor relations inquiries, please contact us:

 

1-800-910-3072
[email protected]
www.progressiveplanet.ca

 

or

 

Jeff Walker,

Vice President, The Howard Group
403-221-0915
888-221-0915
[email protected]

 

Forward-Looking Statements:

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.

error: