VANCOUVER, BC and CALGARY AB, July 15, 2024 /PRNewswire/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that it has been issued a patent (the "Patent") for the Company's front-end technology for reprocessing asphalt shingles from the Canadian Intellectual Property Office (the "CIPO"). The Patent is expected to remain in force until 2042. Further, Northstar has a pending Patent Cooperation Treaty ("PCT") application which preserves the right to file a patent application in any of the 157 PCT contracting states.
Northstar Clean Technologies Inc. logo (CNW Group/Northstar Clean Technologies Inc.)
Mr. Aidan Mills, President & CEO and Director of Northstar, stated "We are pleased to have received our fast-tracked Canadian Patent for our proprietary asphalt shingle reprocessing technology. The Patent follows two patents issued by the United States Patent and Trademark Office ("USPTO") for both the front-end technology for reprocessing asphalt shingles and the follow-on patent for the second stage of our four-stage proprietary technology for reprocessing asphalt roofing shingles. We continue to advance further patents with the CIPO, USPTO and international patent offices, as we seek to protect the strength of our proprietary technology in Canada, the United States and abroad."
The Patent application was previously granted fast track status, as announced by the Company on February14, 2023, on the grounds that the application relates to green technology that either helps resolve or mitigate environmental impacts or conserves the natural environment or natural resources.
About Northstar
Northstar Clean Technologies Inc. is a Canadian clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt for use in new hot mix asphalt, shingle manufacturing and asphalt flat roof systems, and 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 at its first commercial scale up facility in Calgary, Alberta. As an emerging innovator in sustainable processing, Northstar's mission is to be the leader in the recovery and reprocessing of asphalt shingles in North America, extracting the recovered components from asphalt shingles that would otherwise be sent to landfill.
On Behalf of the Board of Directors, Aidan Mills President & CEO, Director
Cautionary Statement on Forward-Looking Information
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. The TSXV 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" or similar expressions. Forward-looking statements in this press release include statements concerning: (i)Northstar's plans to file international patents, (ii)Northstar's ability to become a leader in the recovery and reprocessing of asphalt shingles in North America, as well as (iii)any general statement regarding potential commercial benefits with respect to the Patent derived by Northstar. 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, including risks related to factors beyond the control of the Company as well as those risks and uncertainties which are more fully described under the heading "Risk Factors" in the final prospectus of the Company dated June 18, 2021 and in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR+. The ongoing dispute between the sovereign state of Ukraine and Russia also poses risks that are currently indescribable and immeasurable. 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. The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.
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 or expected. 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.
