Mr. Anthony Sarvucci reports

CLEANGO INNOVATIONS UNVEILS PROPRIETARY 'CDP': A GREEN SOLUTION FOR INDUSTRIAL CHALLENGES

Cleango Innovations Inc. has noted the development of a new cleaning product, temporarily named CDP, by its wholly owned subsidiary, Cleango Greengo. This innovative product is believed to be a unique offering in the industrial cleaning landscape with its proprietary formula and ecofriendly approach.

Industrial focus of CDP: The newly developed CDP, a versatile multiuse powder, is particularly designed for scenarios where traditional liquid cleaning solutions fall short. Cleango Innovations is in collaboration with a leading national marketing firm to introduce CDP to the market, targeting both retail and industrial sectors by late Q1 2024.

Reimagining oil and gas recovery: In a recent trial in Dallas, Tex., CDP demonstrated exceptional results as an oxidizer in down-well applications, offering a safer and equally cost-effective alternative to conventional chemicals used in well optimization and rejuvenation in the oil and gas recovery industry.

The product is expected to help capitalize on the industry-wide trend toward strategic rejuvenation processes. U.S. capital expenditure on engineering, procurement, construction and installation (EPCI) in the oil and gas industry was projected to be around $15.5-billion in 2023, which is higher than previous years. The shale oil and gas industry has faced significant challenges due to the steep decline curves in unconventional reservoirs, which typically result in only about 10-per-cent or less recovery of available reserves. To address this, the industry is increasingly focusing on strategic rejuvenation approaches, which involve restoring connections to previously stimulated intervals and tapping into zones that were missed in the initial stimulation treatment. Cleango's CDP positioned to capitalize on this movement.

A statement from the chief executive officer: Anthony Sarvucci, CEO of Cleango Innovations, expressed his enthusiasm: "We are thrilled to confirm the commercial readiness of CDP. This breakthrough cleaning powder is expected to significantly contribute to our sales growth, which began in 2023 and continues into 2024. We anticipate CDP becoming an integral part of our industrial partner operations, complementing our existing CG-100 formula."

Ecofriendly and versatile: CDP is an ecoconscious product, effective as a fungicide, microbicide and herbicide. It is also adept at tackling challenging substances like calcium, lime and rust. Its versatility extends beyond industrial uses, proving highly effective in various settings, including kitchens, bathrooms, garages, patios and workplaces.

Expanding the green cleaning portfolio: This proprietary formula enhances Cleango's range of green cleaning products. Further details regarding the retail, commercial and industrial launch of CDP will be announced in late Q1 2024.

Future plans: Mr. Sarvucci added: "We are excited to reveal our launch plans in partnership with a nationally renowned marketing company, known for introducing multiple successful cleaning brands. Additionally, we aim to acquire Green Seal certification for CDP, reinforcing our commitment to being an ecofriendly and family-safe company."

Commitment to innovation: Cleango Innovations continues its mission to introduce innovative and environmentally responsible products, eagerly sharing these advancements with its shareholders and customers.

About Cleango Innovations Inc.

Cleango Innovations is an international, publicly traded company that specializes in the development of early-staged, green, non-toxic and sustainable products used in retail, commercial and industrial applications.

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