Progressive Planet Solutions Inc (TSX-V:PLAN) said it has signed an initial purchase order with building materials manufacturer ZS2 Technologies Ltd to provide a proprietary blend of PozGlass and PozZeo.
Kamloops, BC-based Progressive Planet (PLAN) said it will begin monthly, two-tonne shipments to ZS2 in the first quarter of 2023 when ZS2 commissions its phase 1 commercial production facilities for the first ever made-in-Canada magnesium suite of fire resistant, high-strength, sustainable cost-effective construction materials.
Calgary, Alberta-based ZS2's proprietary low-carbon cement formulations have received significant third-party interest including recent recognition as a milestone finalist in the Carbon Removal XPrize. At full capacity, the phase 1 commercial plant can demand monthly shipments of up to 200 tonnes, according to Progressive Planet.
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In a statement, Progressive Planet CEO Stephen Harpur said: "After considerable testing over the past two years, we have developed a proprietary blend of PozGlass and PozZeo made specifically to maximize high-performance with a lower-carbon footprint compared to traditional materials for ZS2's building materials. We are extremely excited with their progress bringing a suite of low-carbon, high-performance building technologies to market."
ZS2 CEO Scott Jenkins said his company expects to expand its partnership with Progressive Planet as 2023 approaches.
Jenkins said ZS2 will, “become a major client and strategic partner as they continue to bring innovative products to market, which are critical components of our proprietary TechFloor, TechTile and TechBoard. Our phase 1 commercial plant will be expanded rapidly, and we expect increasing requirements for the proprietary blend of PozGlass and PozZeo as 2023 progresses and beyond."
Jenkins will step down from Progressive Planet’s board, to ensure appropriate independence and governance with respect to the commercial and technology development partnership between the two companies. His departure is effective October 20, 2022, according to Progressive Planet.
"I want to thank Scott for his incredible support as a valued board member and supporter of PLAN. Our growing partnership with ZS2 will ensure Scott's continued support and counsel. PLAN is focused on continuously improving our governance and we agreed that this was appropriate at this time," Harpur said.
Progressive Planet is developing and producing a portfolio of proprietary solutions focused on minimizing the carbon footprint via technology that turns post-consumer glass into high-performance cement using CO2 sequestration.
Contact the author at susie@proactiveinvestors.com