Thursday, September 16, 2021 10:25:35 AM
" ("PLAN" or the "Company"), wishes to congratulate ZS2 Technologies on its milestone strategic partnership (the "Partnership") with Baymag Canada to accelerate commercialization of leading-edge sustainable construction materials. The highlight of the news is listed below.
Progressive Planet Solutions (CNW Group/Progressive Planet Solutions)
Baymag Inc., North America's leading producer of Magnesium Oxide, and ZS2 Technologies Ltd., a rapidly growing Alberta based developer of innovative building technologies, are pleased to announce a strategic partnership to accelerate the development of high-performance construction material technologies which are safer, healthier, and sustainable.
Through this partnership, both companies will reduce environmental impacts at the Baymag mine and in their respective operations. This partnership includes raw material supply, joint research and development activities, and market initiatives for new products in the building material
On July 15, 2021, PLAN announced an LOI that included a supply agreement with ZS2 of up to 10,000 tons annually of Z1 Natural Pozzolan from PLAN's Z1 Natural Pozzolan Quarry. The LOI also highlights the Company agreed to invest up to $300,000 in units of a private placement in ZS2, which has since been approved by the TSX Venture Exchange. Finally, the agreement included combining applied research efforts between PLAN and ZS2 to permanently sequester CO2 in magnesium-based cements.
ZS2 is a leading-edge technology company focused on the development and commercialization of sustainable construction materials which are safer, stronger, and healthier for residential, commercial, and institutional clients. ZS2's proprietary TechPanels™, TechBoard™, TechClad™, and TechSpray™ are based on low carbon proprietary magnesium cement formulations. Headquartered in Calgary, Alberta, ZS2 is a leading player in the growing low carbon technology economy in Western Canada.
Baymag Inc. is North America's leading producer of Magnesium Oxide and Canada's sole producer with state-of-the art processing facilities in Exshaw, Alberta, mine site near Radium, B.C. and corporate head office in Calgary, Alberta. This strategic partnership coincides with the recently completed multi-million-dollar expansion of Baymag's world class processing facility and strategic investment in the Alberta economy.
Since signing the July 15 agreement with ZS2, PLAN has developed a process to deliver CO2 into magnesium cement and ZS2 has developed a proprietary recipe which includes materials supplied by PLAN along with materials supplied by Baymag.
"We are proud to be a strategic partner with ZS2 and a significant supplier of low carbon materials for their made-in-Canada solutions for lowering carbon footprints of the building industry," states Stephen Harpur, PLAN's CEO. "Low carbon building technologies are a vital part of reducing global carbon emissions. We are delighted that ZS2 has created this exciting partnership with Baymag to accelerate the efforts of ZS2 to reduce the carbon footprint of the global building industry"
Scott Jenkins, CEO of ZS2 Technologies, commenting on the rapidly growing ecosystem of leading-edge companies focused on sustainable building companies, "Our recently announced partnership with the world's largest non state-owned magnesium producer is a perfect compliment to our previously announced partnership with Progressive Planet Solutions and further demonstrates the growing group of innovators in the low carbon material space coming together. The economic opportunity from true low carbon, high performance building materials is a generational opportunity to improve our planet."
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."
Recent PLAN News
- Progressive Planet Announces Superb Compressive Strength for New Low Carbon Cement • PR Newswire (Canada) • 04/11/2024 11:00:00 AM
- Progressive Planet Announces Issuance of Stock Options • PR Newswire (Canada) • 03/14/2024 09:33:00 PM
- Progressive Planet Announces Record Net Income for Q3 • PR Newswire (Canada) • 03/08/2024 07:41:00 PM
- Progressive Planet Provides Corporate Update on Cement and Fertilizer Innovation • PR Newswire (Canada) • 02/23/2024 01:30:00 PM
- Progressive Planet Completes Sale of Equipment to CarbonIP • PR Newswire (Canada) • 02/20/2024 01:30:00 PM
- Progressive Planet Announces Change of Senior Management • PR Newswire (Canada) • 02/15/2024 01:30:00 PM
- Progressive Planet Obtains up to $0.37M in Funding from NGEN for PozGlass™ 100G Pilot Plant • PR Newswire (Canada) • 02/08/2024 01:30:00 PM
- Progressive Planet Signs First Agreement for Continuing Royalty on Existing IP • PR Newswire (Canada) • 02/07/2024 01:30:00 PM
- Progressive Planet Provides Corporate Update for Fiscal Q3 2024 • PR Newswire (Canada) • 02/01/2024 01:30:00 PM
- Progressive Planet Reports Record Quarterly Revenues and Income from Operations in Fiscal Q2 2024 • PR Newswire (Canada) • 12/06/2023 03:09:00 PM
- Bromley Creek Quarry Receives New 5-Year Permit • PR Newswire (Canada) • 11/27/2023 01:30:00 PM
- Dual-Listed CleanTech Company Receives Five-Year Permit • AllPennyStocks.com • 11/27/2023 05:00:00 AM
- Dual-Listed CleanTech Company Receives Five-Year Permit • AllPennyStocks.com • 11/27/2023 05:00:00 AM
- Progressive Planet Provides Operational Update • PR Newswire (Canada) • 10/30/2023 12:30:00 PM
- Progressive Planet Launches New Soil Conditioner Product to Further Reduce Chemical Fertilizer Application • PR Newswire (Canada) • 10/06/2023 12:30:00 PM
- Progressive Planet Reports Financial Results for Fiscal Q1 2024 • PR Newswire (Canada) • 09/25/2023 05:47:00 PM
- L'Organisme canadien de réglementation des investissements permet la reprise de la négociation - PLAN • PR Newswire (Canada) • 09/11/2023 08:30:00 PM
- Canadian Investment Regulatory Organization Trade Resumption - PLAN • PR Newswire (Canada) • 09/11/2023 08:27:00 PM
- TSX Venture Exchange Stock Maintenance Bulletins • PR Newswire (Canada) • 09/08/2023 11:57:00 PM
- Progressive Planet Shares to Resume Trading on Tuesday, September 12, 2023 • PR Newswire (Canada) • 09/08/2023 11:14:00 PM
- Suspension de la négociation par l'Organisme canadien de réglementation des investissements - PLAN • PR Newswire (Canada) • 09/05/2023 03:25:00 PM
- Canadian Investment Regulatory Organization Trading Halt - PLAN • PR Newswire (Canada) • 09/05/2023 03:22:00 PM
- Progressive Planet Reports 2023 Year End Financial Results • PR Newswire (Canada) • 09/02/2023 01:05:00 AM
- Progressive Planet Announces New Target Filing Date • PR Newswire (Canada) • 08/28/2023 09:09:00 PM
- Progressive Planet Receives Reorder of Pet Brand Adding $1.2 million in New Annual Revenues • PR Newswire (Canada) • 07/06/2023 12:30:00 PM
FEATURED Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
Avant Technologies to Implement AI-Empowered, Zero Trust Architecture in Its Data Centers • AVAI • Apr 29, 2024 8:00 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM