Mr. Troy Lupul reports

PLASCRED CIRCULAR INNOVATIONS INC. ENHANCES LOGISTICS AND OPERATIONS WITH PALANTIR TECHNOLOGIES INC. SOFTWARE IN STRATEGIC COLLABORATION

Plascred Circular Innovations Inc. has formed a strategic collaboration with Palantir Technologies Inc., a leading provider of artificial intelligence systems globally and in Canada. This partnership signifies a major step in integrating advanced AI technology into Plascred's environmental efforts, particularly focusing on refining supply chain logistics for plastic waste feedstock and optimizing operational processes.

The collaboration will commence with the implementation of Palantir's Foundry and artificial intelligence platforms at Plascred's patent-pending Primus plant as a beta test. This initiative is aimed at harnessing the power of Palantir's technology to optimize operational efficiency, resource management and decision-making processes.

Importantly, the insights gained from this implementation will greatly inform the design and development of the coming Plascred Maximus facility, ensuring it is built with the most advanced and optimized processes. The Maximus facility is designed to produce approximately 2,000 up to 10,000 barrels a day of zero sulphur green condensate (renewable naptha) and remove approximately 300 up to 1,300 metric tonnes a day of plastic waste from the environment while using minimal energy.

"After the beta phase at the patent-pending Plascred Primus, we plan to extend this technology to Plascred Maximus. The insights gained from Primus will be crucial in shaping the design and functionality of Maximus, underlining our commitment to sustainable industrial practices," stated Troy Lupul, chief executive officer of Plascred.

"We are excited to work with Plascred and see our software being used by a company at the forefront of the environmental sector. This collaboration is a testament to our commitment to working with mission-driven companies of all sizes across Canada, helping them unlock the potential of their data," said Hanna Tomory, lead, Palantir Canada's commercial business.

Palantir's artificial intelligence platform (AIP) is a cutting-edge platform that integrates and analyzes complex data streams, enabling organizations to gain actionable insights and make informed decisions. Its advanced machine learning and AI capabilities, ability to orchestrate numerous models and large language models for various tasks, and highly scalable architecture make it an ideal solution for tackling the complexities of modern supply chains and operational challenges in industries like upcycling.

Palantir Foundry's ability to process vast amounts of data in real time and provide predictive analytics will be a game changer in enhancing Plascred's operational effectiveness and environmental impact.

The insights and improvements derived from the patent-pending Primus facility will not only influence the design of the Maximus facility, but also establish a foundation for the seamless expansion of additional Maximus plants across North America.

This strategy ensures uniformity in operational excellence and sustainability standards, supporting Plascred's vision of widespread environmental impact through advanced upcycling technologies.

About Plascred Circular Innovations Inc.

Plascred is at the forefront of rebalancing the future of plastics. The company is transforming plastic waste by granting it a valuable second life. With a vision of advancing toward a climate-positive future, Plascred aspires to be among the largest advanced plastic waste upcycler's in North America and globally. Its groundbreaking patent-pending technology is set to revolutionize the approach to plastic waste management and upcycling.

Plascred is also developing strategic partnerships with CN Rail, Palantir Technologies and Fibreco Export Inc., providing Plascred with unparalleled operational intelligence and logistics support across North America and globally for transportation and handling of plastic waste.

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