Commits to increasing investor outreach by moving
Ian Grant to VP of Strategy and
Investor Relations
/NOT FOR DISTRIBUTION IN THE USA/
KAMLOOPS, BC, June 22,
2023 /CNW/ - Progressive Planet (TSXV: PLAN)
(OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the
"Company"), a leader in developing CleanTech solutions for the
planet, optimizes leadership team by naming Steve Gurney President as it enters
commercialization phase of low carbon and carbon sequestering
innovations for the cement and agriculture industries.
Gurney was previously President of Progressive Planet Products
Inc., the Company's wholly owned manufacturing subsidiary, and
brings 33 years' experience within operations that scaled from
startup to production of millions of packaged products annually.
Gurney steps into an expanded role as President of the parent
Company.
The move comes following Progressive Planet announcing it
will break ground on a PozGlass™ 100G pilot plant in 2023 and
scale manufacturing operations for CARBON PK™ natural fertilizer in 2024.
PozGlass replaces cement, sequesters CO2, and is made
from post-consumer glass diverted from landfills using a
patent-pending process. CARBON
PK's proprietary formulation is reducing fertilizer application by
50% on 617 acres in Western Canada
in 2023. As President, Gurney will use his extensive experience to
lead the expansion of both technologies.
Concurrently, Progressive Planet announces Ian Grant as VP of Strategy and Investor
Relations. Grant, previously COO, shifts his focus externally while
remaining a key part of the leadership team.
As part of completing annual reviews, PLAN announces that the
Board of Directors has granted a total of 1,600,000 stock
options to directors, officers, and insiders of the Company,
exercisable at $0.275 for a period of three years. All
options were granted in accordance with the Company's stock option
plan.
"Progressive Planet has now entered into an aggressive
commercialization phase of major cement and agricultural
innovations," said Progressive Planet CEO Steve Harpur.
Added Harpur: "At the same time, we are committed to increasing
investor awareness and delivering shareholder value. Moving Steve
and Ian into their new roles sets up Progressive Planet towards
success on both fronts."
Progressive Planet provides regular information for investors on
its website: progressiveplanet.com/investors/. This includes
press releases and other information about financial performance,
patents filed, and information on corporate governance. For further
information or investor relations inquiries, please contact:
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
About Progressive
Planet:
We are a CleanTech and manufacturing company based
in Kamloops, British
Columbia, in the heart of some of Canada's richest
volcanic fields, which are the prime ingredient of our innovations.
Our expertise lies in merging CleanTech with ancient volcanic ash
and recycled minerals to create planet-friendly products that fight
climate change and protect our planet's health.
Our products are in 10,000+ retail stores across North
America. Our innovations, created at our C-Quester™ Centre of
Sustainable Innovation, bring positive disruption to the cement,
agricultural and animal-care sectors by creating products that help
reduce carbon footprints and restore ecosystems.
Forward-Looking
Statements:
Certain statements in this release are forward-looking
statements, which reflect the expectations of management regarding
the matters described herein. Forward-looking statements consist of
statements that are not purely historical, including any statements
regarding beliefs, plans, expectations, or intentions regarding the
future. 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. No assurance can
be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements
reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be
incorrect. A number of risks and uncertainties could cause our
actual results to differ materially from those expressed or implied
by the forward-looking statements, including factors beyond the
Company's control. These forward-looking statements are made as of
the date of this news release.
Disclaimer:
This news release, required by Canadian laws, does not
constitute an offer of securities and is not for distribution or
dissemination outside Canada.
SOURCE Progressive Planet Solutions