19:05:05 EDT Mon 29 Apr 2024
Enter Symbol
or Name
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CA



Aether Catalyst Solutions Inc
Symbol ATHR
Shares Issued 54,282,794
Close 2023-12-05 C$ 0.06
Market Cap C$ 3,256,968
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Aether Catalyst signs NDA with small-motor manufacturer

2023-12-05 12:36 ET - News Release

Mr. Paul Woodward reports

AETHER CATALYST SOLUTIONS, INC. ENTERS INTO NDA WITH A SMALL MOTORS MANUFACTURER

Aether Catalyst Solutions Inc. has entered into a non-disclosure agreement with one of the world's largest small-motor manufacturers.

The company, based in the United States, is anticipating the tightening of emission standards in their market. The NDA will allow Aether to share USMEAP (Urban Small Motors Emissions Abatement Project) data collected over three seasons of field usage showing 100-per-cent NOx (nitrogen oxide) reduction in real-world conditions.

Taylor Procyk, chief operating officer of Aether, commented, "Relationships with organizations like this are how we will leverage the USMEAP program into commercial opportunities."

Paul Woodward, president and chief executive officer of Aether, stated: "Tightening emissions standards are coming for all internal combustion engines, and, for many non-automotive uses, the cost of abatement becomes a critical issue. Our work with the City of Burnaby has convinced us that we have a product that eliminates small motors NOx emissions right now."

About Aether Catalyst Solutions Inc.

Aether Catalyst Solutions is focused on providing an order of magnitude cost reduction in automotive catalytic converter catalyst, while meeting or exceeding government emission standards. Aether is working to quickly advance its technology through rapid screening of new materials directed at enhancing end-of-life conversion levels after accelerated aging. While Aether's primary focus has been automotive applications, the company is also developing catalysts to address small-motor emissions -- a significant contributor to urban air pollution.

We seek Safe Harbor.

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