Mr. Jean-Francois Labbe reports

ECOLOMONDO RECLASSIFIES ITS INDUSTRY DESIGNATION

Ecolomondo Corp. has reclassified its industry designation under the NAICS to material recovery facilities.

This new classification better reflects the company's core mission: transforming end-of-life tires into sustainable commodities. Much more than just recycling, Ecolomondo's TDP (thermal design power) technology recovers resources that can be used again in industrial manufacturing for new products. Ecolomondo was previously classified as professional, scientific and technical services as it was developing its world-leading, proprietary technology.

Thanks to Ecolomondo's proprietary thermal technology, materials can avoid traditional waste disposal, supply manufacturing industries, reduce carbon footprints and help drive the circular economy.

This change in designation will help investors and markets better compare Ecolomondo with its peers in the cleantech and resource recovery space -- not with landfill operators, haulers or other companies in the recycling industries.

Among the numerous advantages, the new designation will add clarity for analysts, ease benchmarking of Ecolomondo against other circular economy and cleantech peers, attract investors, align the company with ESG (environmental, social and governance) funds and institutions, and improve its valuation from low-margin waste to high-value commodity recovery.

"The founders of Ecolomondo sought to develop a cleantech company to recover materials from waste, which was visionary at the time. This new designation is reflective that Ecolomondo is transitioning from technology development to large-scale production," said Jean-Francois Labbe, interim chief executive officer.

Current events

New Ecolomondo podcast available: "How Ecolomondo's Vision is Turning into Reality"

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

About Ecolomondo Corp.

Ecolomondo, headquartered in Quebec, is a Canadian cleantech company that takes pride in its proprietary 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 ECM and in the United States under the symbol ECLMF.

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