Eco Depot (OTCMKTS:ECDP) announced yesterday (July 28, 2021) that it will be opening in Q4 2021 the first of several micro-production facilities in North America in Montreal for its Bronya Climate Shield protective paint coating, designed to reduce 20-40% of energy consumption in businesses and homes. The production facility will be opened by Bronya Canada Group, a wholly-owned subsidiary. It has already started construction on the Montreal unit — its first production facility in North America. It has already initiated a process to explore options for several more production facilities in North America.
It plans to open several regional micro-production facilities to meet the transportation, logistical and distribution centers needs of major retailers. It is aiming to begin production In Montreal in Q4 2021 and serve the requirements of Eastern Canada and North Eastern United States. ECDP is also negotiating for additional facilities throughout North America and Europe.
The 4,200 sq. ft. facility in Montreal will have a production capacity of 2,700 gallons per day that will be capable of generating $107,994.60 USD daily, the company said. Location near the retailers’ distribution centers will be designed to mitigate any transportation delays, ECDP said.
“Due to its potential for reducing energy consumption, Bronya Canada Group seeks to make Bronya Climate Shield the most affordable, cost-effective thermal paint coating in the battle against Climate Change through energy conservation,” the Company said. “Bronya Canada Group is considering multiple potential sites in several other states and provinces to accommodate its consumer demand.”
The ‘Bronya Climate Shield Thermal Paint’ is part of a series of consumer-friendly, specialty paint products — Bronya Classic, Bronya Facade, Bronya Aquablock and Bronya Fire Retardant. The line promises climate shielding for exteriors, fire resistant coating, waterproofing and extreme insulation. ECDP plans a global marketing effort as it intensifies its focus on this ready-to-use line, designed to make buildings green and reduce carbon emissions. It is now addressing the challenge of how to commercialize it on a global scale basis. The strategy for multiple regional micro-production facilities, beginning with the Montreal unit, is designed to meet the challenge and bring its proud closer to retailers’ distribution facilities, speeding delivery and mitigating transportation delays.
ECDP stock closed last night (July 28, 2021) in the green at $1.0600, up $0.0500, rising +4.95%. Its volume was slightly below average at 113.98k.
This is a progressive company intent on saving the planet one specialty paint coat at a time. ECDP is in a world of incubating and investing in eco-companies and buying/selling carbon credits for green companies and managing eco-friendly real estate assets.
ECDP is a development stage company with a 52-week stock trading range of $0.0120-$5.5800. Its Q1 2021 SEC filing details how volatile its stock range can be. It has a policy of funding fiscal capital shortfalls itself and commercializing its consumer products speciality eco-paint. ECDP’s priorities are acting as incubator and aiding under-compliant companies finance eco initiative with the carbon credit system. It has adopted an ESG synergistic approach to protecting the environment.