VANCOUVER, BC , Sept. 27, 2023 - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar") is pleased to announce its site opening event held at the location for the development of its first commercial facility for reprocessing asphalt roofing shingles in Rocky View County in Greater Calgary, Alberta (the "Empower Calgary Facility").
The event was attended by government representatives, members of industry, and included representatives from the following:
Mr. Justin Reimer , CEO of Emissions Reduction Alberta, stated, "A more sustainable, diversified provincial economy requires using our resources more wisely. We need to think about waste as a resource rather than a cost. Northstar's technology solution will help to provide the construction industry with clean, sustainable processing solutions. It will also support municipalities in their transition to the circular economy by helping to eliminate the need for landfilling waste shingles."
Mr. Brad Parry , President & CEO of Calgary Economic Development Corp., stated, "Northstar's choice to locate in the Calgary region strengthens our position as a leading destination for innovative companies. Their work will be the first of its kind in North America and is a testament to our business environment and entrepreneurial drive. These are the cleantech players and solutions present in Calgary and Alberta ."
Mr. Aidan Mills , President & CEO and Director of Northstar, stated, "We were excited to welcome representatives from media, government and industry from Greater Calgary and Alberta who attended the opening of our first commercial site, as we prepare for construction to commence at the Empower Calgary Facility. Our vision is to be the leading provider of reprocessing asphalt shingles in North America and the first commercial shingle reprocessing facility in Greater Calgary . This is our first step towards achieving that vision. It was great to welcome several of our partners that have helped make the development of the Empower Calgary Facility happen and we are excited to commence with the next steps in the project. We believe we have a proprietary technology that can be a major waste diversion option for asphalt shingles away from landfill in the Greater Calgary area and contribute significantly to Alberta's circular economy."
Northstar Clean Technologies Inc. is a Canadian-based 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,
President & CEO, Director
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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) the anticipated development and building of the Empower Calgary Facility; (ii) the ability of Northstar's proprietary technology to be a major waste diversion option for asphalt shingles away from landfills in the Greater Calgary area and, in connection therewith, its ability to contribute significantly to Alberta's circular economy; 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 conflict in Ukraine 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.