Business
Northstar Receives First Delivery of Asphalt Shingles from IKO Industries at Empower Calgary Facility
Northstar Receives First Delivery of Asphalt Shingles from IKO Industries at Empower Calgary Faci...
About this update from Northstar Clean Technologies, Inc.
[{"type":"text","content":"\n \n \n \n Northstar Receives First Delivery of Asphalt Shingles from IKO Industries at Empower Calgary Facility\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Represents first revenue for the Empower Calgary Facility\n \n \n \n \n \n \n VANCOUVER, BC\n \n and\n \n CALGARY, AB\n \n \n ,\n \n \n Jan. 18, 2024\n \n \n /CNW/ - Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) (\"Northstar\" or the \"Company\") is pleased to announce that it has received the first delivery of manufacturing waste shingles to its planned asphalt shingle reprocessing facility in\n \n Calgary, Alberta\n \n (the \"Empower Calgary Facility\"), as part of the five-year supply agreement with IKO Industries Ltd. (\"IKO\"),\n \n Canada's\n \n leading asphalt shingle manufacturer. The IKO agreement was previously announced by the Company on\n \n January 8, 2024\n \n .\n \n \n The Company will be paid a tipping fee by IKO on a per tonne basis for the waste shingles, thus representing the Company's first revenue from the Empower Calgary Facility.\n \n \n This first delivery from IKO is part of Northstar's broader 2024 shingle collection plan. Northstar will continue to work with other shingle supply partners to collect sufficient volume for the commissioning of the Empower Calgary Facility.\n \n \n Mr.\n \n Aidan Mills\n \n , President & CEO and Director of Northstar, stated, \"This feedstock delivery, the first of the year and the first of the five-year agreement with IKO, is significant because it represents the first revenue for our Empower Calgary Facility. We expect to continue receiving shingles from IKO and other\n \n Calgary\n \n area shingle supply sources as we gradually build up inventory for commissioning and future processing for the Empower Calgary Facility.\"\n \n \n \n \n \n \n \n \n \n \n Caption: First delivery of IKO manufacturing waste shingles (photo taken\n \n January 17, 2024\n \n )\n \n \n \n \n \n \n \n \n \n \n \n Caption: First delivery of IKO manufacturing waste shingles (ph...