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TrustBIX Inc. Signs Contract to Develop Traceability Protocol with Biomass Quality Network Canada
Edmonton, Alberta--(Newsfile Corp. - October 21, 2021) - TrustBIX Inc. (TSXV: TBIX) (OTCQB: TB...
About this update from Trustbix, Inc.
[{"type":"text","content":"TrustBIX Inc. Signs Contract to Develop Traceability Protocol with Biomass Quality Network CanadaEdmonton, Alberta--(Newsfile Corp. - October 21, 2021) - TrustBIX Inc. (TSXV: TBIX) (OTCQB: TBIXF) (\"TrustBIX\" or the \"Company\") is pleased to announce that it signed an agreement on October 1, 2021, to develop a Biomass Quality Traceability Protocol for the Biomass Quality Network of Canada (\"BQNC\"). BQNC is facilitating the commercialization of agricultural biomass for industrial applications through the development and adoption of quality standards and methods.BQNC Director and Chairman, Murray McLaughlin, said, \"Agricultural biomass is not being used to its full potential for high-value products because of the limited knowledge and understanding of the standards that currently exist for the Canadian bioproducts industry.\"\"TrustBIX was selected to guide BQNC in this work because it has demonstrated it can support the differentiation of products by tracking quality and sustainability attributes from producer to buyer through the value chain,\" explained Tom Ogaranko, TrustBIX Chief Innovation Officer.\"Extending our extensive experience in tracking sustainable livestock for the Canadian beef industry, in February 2021 we announced a commercial pilot project with AllWest Demolition and Innovation Reduction Strategies Inc. to expand that work into biomaterials in Edmonton,\" added Hubert Lau, TrustBIX CEO. Collaborating with BQNC members on a potential protocol, TrustBIX sees an opportunity to leverage its new insights on managing biomaterials to support the bio industrial sector, assure their customers that the products manufactured with biomass can replace traditional materials, and trace their quality assurance standards, measurement protocols and grading systems throughout the value chain. BQNC representative, Ray Bergstra, noted, \"Enhanced traceability of these standards and measurements will further support the growth of the industry.\" \"This work builds on TrustBIX's extensive experience with chain of custody value solutions for all levels of the supply chain, from producers to consumers and to become a global leader for traceability in not only the agri-food business, but in the agricultural biomass industry,\" proclaimed Hubert Lau. About Biomass Quality Network Canada (BQNC)BQNC is a value chain group c...