/NOT FOR DISTRIBUTION IN THE USA/
CARBON™ Ca the latest proprietary product under the CARBON™
brand of natural fertilizers and soil conditioners
KAMLOOPS, BC, Oct. 6, 2023 /CNW/ - Progressive Planet Solutions
Inc. (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet",
"PLAN", or the "Company"), a leader in developing CleanTech
solutions for the planet, delivers to market a new, natural soil
conditioner to be applied on up to 1,355 acres this fall. CARBON™
Ca becomes the second proprietary product developed by Progressive
Planet under the CARBON™ brand, following CARBON™ PK.
An initial production run of 61 metric tonnes of CARBON Ca has been sold in Western Canada for broadacre application. With
the launch of a fall-application soil conditioner, Progressive
Planet is now strategically commercializing a proprietary chemical
fertilizer replacement product for both spring and fall
applications, with CARBON
PK and CARBON Ca,
respectively.
CARBON Ca is a trade secret
blend of natural ingredients that adds calcium, carbon (humin),
humic acid, and fulvic acid to the soil. Calcium is essential for
plant health and producing food with higher nutritional values.
Carbon (humin), humic acid, and
fulvic acid are intended to improve the soil's physical attributes
and nutrient availability leading to improved plant productivity
and increased residue carbon, which can increase the amount of
carbon held in soil organic matter. Initial third-party testing of
CARBON Ca shows up to 187%
increase in available calcium in a water-soluble form and the
Company will look to third parties for support, measurements, and
validation of carbon sequestration through assessing increases, if
any, in both soil organic matter and soil organic carbon.
Progressive Planet is applying to the Organic Materials Review
Institute (OMRI) for approval to use CARBON Ca in certified organic operations. The
global Organic Fertilizers Market was valued at USD 11.87 billion in 2022 and is projected to
reach USD 27.48 billion by 2030,
growing at a compound annual growth rate (CAGR) of 11.31% from 2023
to 2030.
"The CARBON family of natural
fertilizers and soil conditioners is about reducing the carbon
footprint of the $60B agrochemicals
industry with products that rebuild our soils, so they are better
able to store carbon and grow food for our rising population," says
Progressive Planet VP of Strategy and Investor Relations Ian
Grant.
Added Grant: "We continue to further utilize our owned mineral
assets and manufacturing capabilities to offer new solutions to the
cement and agriculture industries."
___________________________
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About Progressive
Planet:
We are a CleanTech and manufacturing company with proven product
lines based in Kamloops, British
Columbia. Our expertise lies in developing critical
low-carbon and carbon sequestering solutions using our owned
mineral assets and recycled materials 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