10:09:28 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Cleango Innovations Inc (3)
Symbol CGII
Shares Issued 4,684,427
Close 2024-04-02 C$ 1.27
Market Cap C$ 5,949,222
Recent Sedar Documents

Cleango completes supplier deal with Indioquimica

2024-04-03 09:12 ET - News Release

Mr. Anthony Sarvucci reports

CLEANGO INNOVATIONS AND INDIOQUIMICA S.A. COMPLETED A STRATEGIC SUPPLIER AGREEMENT TO EXPAND CLEANGO'S GREEN PRODUCTS INTO SOUTH AMERICA

As of March 28, Cleango Innovations Inc. and Indioquimica SA have come together and reached an agreement that Indioquimica will both manufacture and distribute Cleango's proprietary green solutions to Argentina and other parts of South America.

Cleango Innovations, a leader in green technology for the oil and gas industry, is thrilled to announce a new supplier agreement with Indioquimica, a prominent Argentine chemical manufacturer. This partnership aims to service South America with Cleango's proprietary suite of green commercial oil and gas products, marking a significant step toward environmentally sustainable industrial practices in the region.

Under this agreement, Indioquimica will integrate Cleango Innovations' ecofriendly solutions into its petroleum offerings. "We are proud to be adding the Cleango Innovations green products to our petroleum offerings. Indioquimica SA. services over 100 industrial customers in this space, and we believe the Cleango offerings will be a popular addition as the world moves towards greener solutions. We expect orders to begin in the coming weeks and expand throughout the year," stated Mariano Castro, the chief executive officer of Indioquimica.

The collaboration represents a pivotal move for both companies, although no term as to duration of this agreement has been detailed, both parties anticipate that this collaboration will be long term and equally beneficial. Highlighting a shared commitment to reducing environmental impact within the oil and gas industry, Anthony Sarvucci, CEO of Cleango Innovations, commented: "Our agreement with Indioquimica SA is a significant milestone for Cleango Innovations. It enables us to bring our green technology to a broader market. We're excited about the positive impact our products will have in South America and are looking forward to seeing orders commence in the next few weeks."

This agreement signifies a major step forward in the adoption of sustainable practices within the commercial oil and gas sectors in South America, with both companies expecting to see a rapid uptake of Cleango Innovations' green product suite in the coming weeks.

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.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.