Northstar Announces Limestone As Fourth Product Line, Supported by New Patent on Recovery Process
Rhea-AI Summary
Northstar Clean Technologies (OTCQB: ROOOF) has announced the successful separation and recovery of limestone from asphalt shingles, establishing its fourth product line alongside existing lines of liquid/pelletized asphalt, aggregate, and fibre/fibreglass. The company has secured a new U.S. patent for its limestone recovery process, valid until 2045.
The limestone extraction process enhances the quality of Northstar's final asphalt product while adding a new revenue stream. This development builds upon the company's existing patents in the United States and Canada, with ongoing efforts to secure additional patent protection internationally.
Positive
- Addition of limestone as a fourth product line diversifies revenue streams
- New U.S. patent protection secured until 2045 strengthens intellectual property portfolio
- Limestone extraction process improves final asphalt product quality
- Strong patent protection in both U.S. and Canadian markets
Negative
- None.
News Market Reaction
On the day this news was published, ROOOF declined 5.44%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Limestone is added to improve durability and longevity of shingles. The limestone, which is removed in Northstar's proprietary process to deliver its superior quality asphalt, now establishes a fourth product line for the Company, adding to the existing product lines of liquid or pelletized asphalt, aggregate and fibre/fibreglass.
"By extracting limestone directly from asphalt shingles, we've been able to establish both a fourth product line for the Company and most importantly, to deliver a final asphalt product with high-quality characteristics," commented Aidan Mills, Northstar President & CEO. "Additionally, this patent adds further protection to Northstar's intellectual property portfolio while strengthening our first-mover advantage. We believe the high quality of our asphalt will continue to provide significant differentiation for Northstar in the global marketplace."
Northstar received its initial
About Northstar
Northstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting 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 with its first commercial scale up facility in
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on https://www.otcmarkets.com/.
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 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. The TSX Venture Exchange 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", "aim" or similar expressions. Forward-looking statements in this press release include statements concerning: (i) Northstar's plans to reprocess used shingles into their component parts in the inaugural commercial facility in
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, expected or aimed. 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.