Mr. J.F. Labbe reports

ECOLOMONDO GETS QUALITY ACCEPTANCE FOR RECOVERED CARBON BLACK PRODUCED AT ITS HAWKESBURY TDP FACILITY

Ecolomondo Corp.'s main offtake client for recovered carbon black (rCB) has approved the quality of rCB produced at the Hawkesbury TDP facility.

The company recently completed the commissioning of its new milling equipment and rCB processing line. The commissioning showed positive results, which lead the way to the beginning of production and ramp-up.

Using its new laboratory equipment, the company performed rigorous testing during rCB production to ensure all quality parameters met the thresholds of the rCB offtake clients.

Once the quality thresholds of humidity, pellet size, pellet hardness, ash content and particle size were confirmed, samples orders of the newly produced rCB were shipped to offtake clients for testing.

The clients performed rigorous tests of their own on the samples that they received. Results of their testing were positive and basically similar to those coming from the company's own test results.

Following the conclusion of the client's positive test results, the company's main offtake client for rCB issued an initial order for one truckload of 23 metric tons of rCB to be shipped immediately. The company has the rCB on hand and expects to ship the order this week.

"The commercial acceptance of our rCB by offtake clients reflects the achievement of many years of technology development and commitment. It is a major achievement for the company and we are confident that additional orders should come because of the quality of our rCB," said Jean-Francois Labbe, interim chief executive officer of the company.

Ecolomondo's rCB team

Once fully operational, the Hawkesbury TDP facility is expected to process approximately 1.3 million to 1.5 million scrap tires per year and produce on the average approximately 4,000 MT of recovered carbon black, 5,000 MT of pyrolysis oil, 2,000 MT of steel and 1,200 MT of process gas.

Current events

Webinar available

A new webinar on "Journey to Profitability: Unlocking Ecolomondo's ($ECM) Growth Potential" explores the company's progress and future direction. Executive chairman Eliot Sorella discusses updates on the new milling line at the Hawkesbury TDP facility, growth targets, loan amendment agreements with Export Development Canada (EDC) and more.

New Ecolomondo podcast available

The company's executive chairman, Eliot Sorella, recently participated in a podcast in the series Stock to Watch. The video is available on:

• Youtube;
• Spotify.

About Ecolomondo Corp.

Ecolomondo, headquartered in Quebec, is a Canadian cleantech company that takes pride in its proprietary thermal decomposition technology (TDP). It has a 25-year history and during this time has been focused on its development of its technology and the deployment of TDP turnkey facilities. TDP recovers high value reusable commodities from scrap tire waste, notably rCB, oil, syngas, fibre and steel. Ecolomondo expects to be a leading player in the cleantech space and be an active contributor to the global circular economy. Ecolomondo trades in Canada on the TSX Venture Exchange under the symbol and in the United States under the symbol.

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