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OPCO Teams with Paulee Cleantec to Drive Innovation

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MissionIR Member Level  Monday, 10/10/16 12:10:41 PM
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OPCO Teams with Paulee Cleantec to Drive Innovation in Pet Waste Management

Earlier today, OurPet’s Company (OTCQX: OPCO) announced a partnership with Paulee Cleantec Ltd., an international leader in the development of eco-friendly solutions for the management of human and animal waste. Together, the two companies intend to leverage their extensive intellectual property portfolios to address the rising environmental impact associated with pet waste. According to Dr. Steven Tsengas, chairman and chief executive officer of OPCO, the companies will look toward Paulee Cleantec’s existing proof-of-concept waste management technology, which uses “an exothermic oxidation process to convert animal feces into an odor-free ash fertilizer in less than a minute,” as a starting point in their efforts to “commercialize an initial, portable dog waste product,” along with other future applications.

“We are very pleased to partner with OurPet’s and realize the potential of our technology,” Dr. Oded Halperin, founder and chairman of Paulee Cleantec, added in this morning’s news release. “We look forward to applying our expertise to the partnership, as OurPet’s has the innovative technology, the marketing/sales channels and most of all the strong entrepreneurial drive to bring our mission to success.”

With pet ownership figures being on the rise in recent years, the importance of managing pet waste has become increasingly evident. Municipalities across the country have imposed stiff fines designed to ensure that pet owners properly clean up after their pets, and for good reason. Industry studies have linked pet waste to a number of environmental issues, including contamination of underground water levels, lakes and streams. In total, it’s estimated that as much as 30 percent of the bacteria found in typical water samples and up to 50 percent of the bacteria in the air can be linked to dog waste alone.

These statistics highlight the market potential of an innovative solution to the growing issue of pet waste. According to the American Pet Products Association (http://dtn.fm/mPLS6), about 65 percent of U.S. households, some 79.7 million homes, currently own a pet. This figure is up from just 56 percent in 1988, when the survey was first conducted. All told, companion dogs in the U.S. produce roughly 10 million tons of waste annually, and the cat population results in approximately two million tons of litter sent to landfills each year.

OPCO’s partnership with Paulee Cleantec is just one channel through which the company is currently addressing this environmental concern. OurPet’s has over 170 patents issued or pending, many of which relate directly to pet waste management. The company’s current product offerings in the space include its Switchgrass Natural Cat Litter with BioChar (http://dtn.fm/Eqn3M); manual and semiautomatic cat litter boxes; and the innovative SmartScoop® – Intelligent Litter Box (http://dtn.fm/a9VDE), which uses Wi-Fi and Bluetooth technologies to help pet owners better manage the waste activity of their furry friends while simultaneously monitoring pets’ elimination behaviors.

For more information, visit the company’s website at www.ourpets.com

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