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GreenMantra™ Receives $2.2 Million in Funding for Polystyrene CleanTech Innovation From Sustainable Development Technology Canada

BRANTFORD, Ontario, Aug. 9, 2017 /PRNewswire/ -- GreenMantra Technologies, a rapidly growing clean technology company that produces high-value polymers from waste plastics, will receive $2.2 million from Sustainable Development Technology Canada (SDTC) to be used toward construction of a demonstration plant that will convert waste polystyrene into modified styrenic polymers for use in inks, foam insulation and other applications.
GreenMantra team, local Members of Parliament Bryan May and Marwan Tabbara, and the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announces $15.5M in funding for six companies, including GreenMantra Technologies, through Sustainable Development Technology Canada (SDTC)
The funding was announced yesterday by the Honorable Navdeep Bains, Minister of Innovation, Science and Economic Development, during a ceremony at GreenMantra's headquarters in Brantford, Ontario.
"We are thrilled that SDTC will provide a portion of the capital necessary for this important project," said Kousay Said, GreenMantra president and chief executive officer. "This pilot plant will enable us to scale up our patent-pending process for sustainably reusing of one of the world's least recycled plastics."
"As part of our government's investments in clean technology and commitment to protecting the planet, we are pleased to support this next generation of GreenMantra's sustainable technology," said Minister Bains. "Transforming plastic waste into commercially viable products will not only drive innovation in sustainable reuse of waste materials, it also creates middle-class jobs in Ontario's growing clean technology sector."
Polystyrene plastic in foam and solid form is commonly used in consumer products, food and product packaging and many other applications. It is one of the world's fastest growing solid wastes, yet has one of the lowest recycling rates of all plastics with an estimated 95 percent either disposed of in landfills or incinerated.
Using a proprietary catalyst and unique conversion process, GreenMantra Technologies has converted waste polystyrene foam into useful polymers on a laboratory scale. The demonstration plant, to be constructed at GreenMantra's existing manufacturing complex in Brantford, will have an anticipated initial annual capacity of 1,000 metric tons per year. This will provide an ample supply of converted modified styrenic polymers for trialing in end-use applications and potential initial commercial sales. The design and engineering of the new facility will begin this year, with construction starting in 2018.
GreenMantra currently converts waste polyethylene and polypropylene plastics, such as film, bottle caps and food containers, into specialty synthetic waxes. These waxes are used in various applications in the coatings, plastics processing, adhesives, roofing and paving industries.
SDTC in 2014 provided GreenMantra Technologies with a $2 million funding to help fund construction of the plant that produces these waxes.
GreenMantra is actively designing new technologies, processes, and products with a focus on driving the circular economy of plastics. It has received significant industry recognition for its revolutionary technology. It was recently named one of the world's top 100 companies in clean technology by CleanTech Group, a leading industry research firm, and last year received a Gold Award for Green Technology as part of the R&D100 Awards program.
About GreenMantra
Based in Brantford, Ontario, GreenMantra™ Technologies utilizes a proprietary thermo-catalytic system and patented process to cost-effectively convert and "up-cycle" waste plastics, including hard-to-recycle materials such as grocery bags and film, into high-value waxes and other specialty chemicals. These materials have a broad range of applications in the coatings, plastics processing, adhesives, roofing and paving industries. More information on the company, its products and its innovative technology can be found at www.greenmantra.ca
Media Contact:Mike FreemanFreeman Communications(513) 733-1800
171538@email4pr.com
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SOURCE GreenMantra Technologies
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Data Acquisition (DAQ) Hardware Market Outlook; Development Trends, Market Demands, Industry Analysis & Forecast by 2022

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Heliospectra AB Appoints Peter Nyberg as New Head of Technology and Development Department

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GOTHENBURG, Sweden and SAN FRANCISCO, August 9, 2017 /PRNewswire/ --
Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent lighting technology for greenhouse and controlled plant growth environments, is pleased to announce the appointment of Peter Nyberg as head of the Technology and Development department, effective August 15, 2017.
Nyberg brings more than 15 years of experience in system development. He holds a M.Sc. in Computer Science from Chalmers University of Technology and has led development teams in multiple industrial segments including telecom, automotive and app development across international markets.
"Heliospectra has created results-driven solutions that are innovative and robust. I feel privileged to join such a diverse and technology-driven team at Heliospectra," said Peter Nyberg. "I am excited to drive the technology development forward, while building an agile team and organization that is prepared to tackle a fast moving industry such as the horticulture LED market."
In his new role, Nyberg will expand an agile process to build the architecture and tools for Heliospectra's control systems as well as expanding the current product portfolio. This includes continuing the development of the company's recently announced CORTEX control software suite created to improve operations, crop quality and production yields for cultivars and scientists.
"We welcome Peter to the Heliospectra team. As the horticulture market continues to rapidly transform, we must keep pace and push boundaries. Implementing an agile process to develop both hardware and software based on the market demand, will be crucial in order for us to maintain our position as the market's leading LED lighting solutions provider," said Ali Ahmadian, CEO of Heliospectra. "With Peter's knowledge and expertise in system- and technology development, I can't think of anyone better suited to be at the helm as head of our Technology and Development department during the days ahead. Peter is a strong leader. I look forward to his direction and advancement of our development strategy and technology offerings."
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CONTACT:
Investor Relations:
Ali Ahmadian, CEO of Heliospectra | +46-(0)-72-203-6344 | Ali.Ahmadian@heliospectra.com
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SOURCE Heliospectra

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