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Released on July 9, 2024 • 3 min read
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LONDON, Ontario, July 9, 2024 (GLOBE NEWSWIRE) — Aduro Clean Technologies Inc. (“Aduro” or “company) (CSE: Activities) (OTCQX: ACTHF) (FSE: 9D50) is a Canadian technology company that uses the power of chemistry to transform low-value feedstocks, including waste plastics, heavy bitumen and recycled oils, into 21st century resources.st In the 21st century, the company signed an Investor Relations and Digital Services Agreement (“KCSA Agreement” ” is an independent marketing firm, Kanan Corbin Schupak & Aronow, Inc. dba KCSA Strategic Communications (“Korea CSA(New York City, New York)
KCSA will provide investor relations and digital services, including building and managing Aduro's brand through the AmplifIR digital investor relations platform (the “Services”) for a period of six months beginning July 15, 2024 (the “Initial Term”), and will continue thereafter unless either the Company or KCSA provides written notice of termination at least 30 days prior to the end of the Initial Term, and thereafter unless either the Company or KCSA provides at least 30 days' prior written notice.
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In consideration for the services, Aduro will pay KCSA US$10,000 per month for investor relations services, US$12,500 as a one-time project fee upon execution of the KCSA Agreement, and US$106,400 in two two-month installments of US$53,200 each for digital marketing services. KCSA is independent of the Company and, to the best of the Company's management's knowledge, has no direct or indirect interest in Aduro or its securities. KCSA is at arm's length with Aduro and has no other relationship with Aduro except under the KCSA Agreement.
Our partnership with KCSA, a leading New York-based communications firm, marks another step in our efforts to enhance our communications with our current investor community and expand awareness to a broader audience. We look forward to KCSA helping to increase awareness and broaden the reach of our news. KCSA will employ a comprehensive communications program designed to increase awareness of Aduro throughout the investment community. Since 1969, we have demonstrated strategic thinking and program execution that delivers results for our clients in an ever-changing communications and digital environment.
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About Aduro Clean Technologies
Aduro Clean Technologies develops patented water-based technologies to chemically recycle waste plastics, convert heavy crude oil and bitumen into lighter, higher value oils, and convert renewable oils into higher value fuels and renewable chemicals. The company's Hydrochemolytic™ technology relies on water as a critical agent in a chemical platform that operates at relatively low temperatures and low cost, representing a breakthrough approach to transforming low-value feedstocks into 21st century resources.st century.
For further information, please contact:
Ofer Vikas, CEO
contact address
Abe Dyke, Investor Relations
contact address
+1 226 784 8889
Forward-Looking Statements
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This press release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will occur in the future are forward-looking statements. Forward-looking statements reflect management's current expectations based on currently available information and are subject to a number of risks and uncertainties that could cause results to differ materially from those discussed in the forward-looking statements. Forward-looking statements in this release include, but are not limited to, expectations regarding the implementation of KCSA's investor relations and digital services, particularly the expected effectiveness of the proposed marketing services, including increasing awareness of the Company and its developing technologies in Canada, the United States and internationally. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, therefore, undue reliance should not be placed on such statements due to the inherent uncertainties. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, the failure of the Marketing Services to be delivered as expected, the provision of such services to fail to produce the expected results, adverse market conditions and other factors beyond the control of the parties. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
The CSE has not reviewed, approved or disapproved the contents of this news release.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/40484cf4-88bc-4986-a56d-1b2389162795
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