EarthRenew Inc. (CSE:ERTH) (“EarthRenew” or the “Company”) is
pleased to announce partnerships with two well-known Alberta-based
applied research institutions, Olds College and Lethbridge College.
These partnerships are expected to focus on a new set of field
trials for EarthRenew fertilizer, designed to validate historical
results on yield and soil health, and provide data on new blends
and formulations appropriate for commercialization. From these
field trials, EarthRenew intends to gather field data for its
historical fertilizer formulations as well as a number of new
formulations it is testing that include biochar and other
ingredients approved for organic production. EarthRenew has agreed
to pay $19,658.34 and $9,841.13 to Olds College and Lethbridge
College, respectively, as our matching contribution covering the
direct equipment and field costs in connection with the
partnerships.
EarthRenew CEO Keith Driver commented, “Having access to
well-known applied research institutions with a focus on
agriculture is a huge advantage to EarthRenew as we collect
academic data on the efficacy of our organic fertilizers. We intend
for these new partnerships with Olds College and Lethbridge College
to be the start of a scientific relationship that helps us develop
new organic fertilizer formulations that meet the changing needs of
farmers. We believe that consumers are growingly increasingly aware
and concerned about where their food comes from and how it’s grown.
EarthRenew has the opportunity to deliver an environmentally
sustainable fertilizer solution that reduces farm waste and
increases organic yields. We project that implementing rigorous
testing and data collection with our academic partners will help us
deliver value-add organic fertilizer products to farmers and
gardeners.”
EarthRenew has developed a number of new formulations, including
an air-seedable format, for the trials. The fertilizer pellets have
the potential to help farmers improve application efficacy, even
reducing total fertilizer use, because they can be placed directly
in the seed row where they are needed. The air-seedable format can
also reduce operational and spreading costs.
Olds College is expected to be the lead partner for small plot
trials, which we anticipate will be performed over the entire
growing season with planting beginning in early May 2020 and
results expected at the end of the 2020 growing season. Under the
partnership, Olds College has agreed to contribute resources and
staff to oversee the field trials and insights into the improvement
of new formulations. Plot trials are scheduled to be conducted on
five EarthRenew formulations and will be compared against
controls.
Simultaneously, EarthRenew expects to conduct greenhouse trials
at Lethbridge College to determine how EarthRenew fertilizers will
impact plant germination rates. We intend to use Lethbridge
College’s sophisticated greenhouse research facilities for the
trials. Results from the Lethbridge College greenhouse studies are
expected to be available by early summer 2020. Trials from both
institutions are planned to utilize barley and peas as test
subjects to obtain results for both broad acre and specialty
crops.
Olds College and Lethbridge College were selected as partners
because we believe that they have world class agricultural applied
research capabilities. We understand that these institutions also
have the ability to extend the partnership to other strategic
partners in the Alberta agricultural industry and to support
product development right through commercialization. Expanding the
collaboration beyond just one institution is projected to allow
EarthRenew to broaden its reach in the regional agricultural
community and conduct multiple trials simultaneously.
Dr. Kenny Corscadden, Associate Vice President Research at
Lethbridge College, states, “Lethbridge College works closely with
industry partners to provide applied research, consulting and
training services to the agricultural industry. We are excited to
be leading the greenhouse trials in the early spring, and
we look forward to providing scientific insight on delivering
environmentally friendly fertilizer products to the market.”
Dave McMurray, Manager, Applied Research at Lethbridge College,
commented, “We are looking forward to starting the greenhouse
trials with EarthRenew in the early spring. We are encouraged to
see an Alberta-based company developing progressive agriculture
solutions and we look forward to providing scientific insight on
delivering environmentally friendly fertilizer products to the
market.”
Jason Bradley, Manager – Partnerships at Olds College, added,
“In the summer of 2018, we established the “Smart Farm” at Olds
College, where we are incorporating the latest technologies aimed
at improving productivity, while efficiently and sustainably using
resources. The Smart Farm will provide a living lab to test and
validate the EarthRenew formulations. Our students and faculty are
excited to contribute their time and knowledge to improve
productivity, sustainability and profitably of new agriculture
technologies with our industry partners like EarthRenew.”
About Olds College
Olds College is a post-secondary academic institution
specializing in agriculture, horticulture, land-based education,
environmental stewardship, entrepreneurship and applied research.
The college benefits from collaboration with innovative companies
who provide commercial market applications. The college has
developed the “Smart Farm”, which is a commercially operated
demonstration farm with cutting edge technology being incorporated
in order to provide for a learning environment for students of the
college and an opportunity for industry to develop, integrate and
test new agriculture technology and practices. Olds College aims to
continue leading among its peers with innovative research and
solutions that support regenerative agriculture studies.
About Lethbridge College
Lethbridge College has been recognized as one of Canada’s top 50
research colleges for the sixth time in seven years by Research
Infosource. The college’s Centre for Applied Research, Innovation
and Entrepreneurship (CARIE) brings together community
organizations, researchers and students to collaborate on projects
that use new or existing knowledge to solve real-world challenges
with immediate practical applications. Project outcomes often lead
to innovative products and services that benefit the economy and
society.
About EarthRenew
EarthRenew transforms livestock waste into a
high-performance organic fertilizer to be used by organic and
traditional growers in Canada and the United States. Located on a
25,000 head cattle feedlot, our flagship Strathmore plant is
capable of producing up to four megawatts (MW) per hour of low-cost
electricity powered by a natural gas fired turbine. The exhausted
heat from the turbine is used to convert manure into certified
organic fertilizer.
For additional information, please contact:
Keith Driver CEO of EarthRenew Phone: (403)
860-8623
E-mail: kdriver@earthrenew.ca
Cautionary Note regarding
Forward-Looking Information
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, but is not
limited to, statements with respect to EarthRenew’s partnerships
with Olds College and Lethbridge College, our ability to conduct
field trials, the results of the field trials, the validation of
historical results, the creation of new organic fertilizer
formulations, our ability to execute our business plan, , and our
proposed business activity. Generally, forward-looking information
can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or statements that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to: general business, economic, competitive, geopolitical
and social uncertainties; regulatory risks; and other risks of the
energy, and fertilizer industries. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
Neither the Canadian Securities Exchange nor its
Market Regulator (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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