Vancouver, British Columbia – (Newsfile Corp. – October 1, 2021) – International Zeolite Corp. (TSXV: IZ) (OTC Pink: IZCFF) (FSE: ZEON) (the “Company”) is an international distributor and supplier of natural zeolite and zeolite infused products for the environmental, animal husbandry industries and agriculture. Zeolite is one of nature’s most versatile minerals. With its microporous honeycomb structure, the volcanic mineral acts both as a natural filter used in water and air purification and as an absorbent used by the agricultural industry to modulate water and nutrients.
International Zeolite’s most recent venture is to create a Canadian and North American market for the Cuban product NEREA®, a proprietary, environmentally friendly technology that incorporates nutrients directly into the zeolite. According to research from the University of Havana Foundation, when used as a substrate or soil amendment in agriculture, NEREA® produces higher crop yields and uses less water. NEREA® zeoponic technology has been shown to produce 20-30% higher crop yields, superior product quality, use 30% less water, and reduce infection of plants by fungi, viruses and microorganisms. NEREA® substrates are environmentally friendly and do not produce waste that is harmful to the environment.
The company has partnered with Niagara College’s Research and Innovation (R&I) division to conduct two equally important research projects. One project involves a comprehensive analysis of the greenhouse environment market in Canada to determine the industry where NEREA® is best suited. The other involves practical trials to test and validate the technical performance of the product.
“The challenges are to verify that the benefits obtained in Cuba can be replicated under Canadian conditions,” explains Ray Paquette, CEO of International Zeolite, “and to determine how to promote commercial adoption of NEREA®-based substrates and floor-based supports. “
Once validated, Paquette says the benefit is that growers will have access to innovative technology that dramatically improves the environmental performance of greenhouse, outdoor and nursery production systems while enabling competitive yields and production costs. or improved with existing production systems.
“In addition to potentially contributing to improving plant productivity, and therefore producer profitability, NEREA® differs from conventional greenhouse hydroponic systems in that plants only access nutrients and water when they are ‘they are needed, rather than the continuous cycle of soluble nutrients. This product has significant potential to improve greenhouse and nursery agriculture in the production of vegetables, berries and floriculture, ”adds Paquette.
Researchers in R&I’s Business & Commercialization Solutions (BCS) team rose to the challenge of understanding markets and analyzed areas where the company could potentially focus on commercialization. Link to the Touchpoint presentation.
Throughout the project, the BCS team conducted extensive research on a number of markets in the Canadian greenhouse industry: horticulture, floriculture, organic production, tropical plants and vertical indoor farms, better known as name of controlled environment agriculture (ACE).
The research experts also provided a detailed breakdown of the substrates industry, including the materials used in the substrates, their various properties and common uses. An analysis of the COVID-19 pandemic and its effects on these industries was conducted to better understand relevant industry trends.
Market research results suggest that NEREA® would be an ideal candidate for growing lettuce and leafy vegetables in the greenhouse hydroponics market, a soil amendment in the horticultural industry, a soil amendment for production in the nursery and also as a retail plant or home growing solution. .
As food security will become a bigger issue in the years to come due to climate change and the lack of suitable agricultural land, there will be an increased demand for more efficient and environmentally friendly substrates and soil amendments. in greenhouse production.
“Working with the Business and Marketing research team has been both a pleasure and a professionalism,” says Paquette. “The team was great, and their market research report is a great guideline.” Link to the NEREA® market research report presented by the Niagara College Research and Innovation Team.
Paquette added, “One of the primary goals of NEREA® is the multi-billion dollar organic food and farming industry. Canada is now the sixth largest organic consumer market in the world. If you combine the US and Canadian markets, they represent half of the world’s organic consumption.
International Zeolite is pleased to announce that the company is now engaged with the Niagara R&I Agricultural and Environmental Technology Innovation Center and the Vineland Research and Innovation Center to conduct trials with NEREA®. These projects were funded by the Greenhouse Technology Network (GTN) and the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). The results of these tests will be communicated once completed.
On behalf of the board
President and CEO
For more information, please visit www.internationalzeolite.com.
For investor inquiries firstname.lastname@example.org.
Certain statements contained in this press release contain forward-looking information. These statements include, but are not limited to, statements regarding future expenses. These statements relate to future events and conditions and, as such, involve risks, uncertainties and other known and unknown factors that may cause actual results, performance or achievements to differ materially from all results, future performance or achievements expressed or implied by the statements. . These factors include, among others, the ability to carry out the envisaged work programs as well as the timing and amount of expenditure. International Zeolite does not assume the obligation to update any forward-looking statement.. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98205