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International Zeolite and CoTec Holdings Announce Strategic Alliance - CoTec Holdings Making Anchor Investment to Accelerate Commercialization of International Zeolite's Revolutionary Proprietary NEREA(R) Fertilizer Technology
VANCOUVER, BC / ACCESSWIRE / November 22, 2022 / International Zeolite Corp . ("IZ") (TSX.V...
About this update from Cotec Holdings Corp
[{"type":"text","content":"International Zeolite and CoTec Holdings Announce Strategic Alliance - CoTec Holdings Making Anchor Investment to Accelerate Commercialization of International Zeolite’s Revolutionary Proprietary NEREA(R) Fertilizer TechnologyVANCOUVER, BC / ACCESSWIRE / November 22, 2022 / International Zeolite Corp. (\"IZ\") (TSX.V:IZ) (OTCQB:IZCFF) (FSE:ZEON) and CoTec Holdings Corp. (TSXV:CTH) (\"CoTec\") are pleased to announce that CoTec has agreed to make a $2 million strategic investment in IZ to support its go-to-market activities in the agricultural and green tech segments.CoTec and IZ share similar visions and objectives and are focused on creating a portfolio of green disruptive technologies that are high-margin, eco-friendly and deliver reductions in carbon emissions. The investment from CoTec is expected to fast track IZ's ability to move rapidly to full commercialization, marketing and sales capabilities for its disruptive agricultural products and solutions. The funding will support the construction of IZ's first NEREA® production facility to be in Ontario, Canada with an expected completion date of March 2023. In addition to its financial investment, CoTec will support IZ through the involvement of its management team, who collectively have extensive global reach and expertise in green technologies.\"We are excited to partner with IZ and support their efforts to commercialize its proprietary NEREA® technology,\" commented Mr. Julian Treger, CEO of CoTec. \"Fertilizer is a major contributor to global CO2 emissions and NEREA® is exactly the type of breakthrough the agricultural industry needs to reduce its carbon footprint - independent studies have shown that it could improve the efficacy of fertilizer by a factor of up to eight and reduce plant and crop growth cycles by as much as twenty-five per cent. Additionally, at a time of conflict in Ukraine, NEREA® could significantly reduce the Western world's fertilizer needs and its exposure to higher risk jurisdictions for much needed supply. Our investment will give us a substantial interest in IZ, and we intend to work closely with the IZ management team to help them aggressively roll out this exciting technology.\"\"We are very pleased to partner with CoTec and are excited to commence the commercialization of NEREA® products\" said Ray Paquette, IZ ...