EnerPure Inc: SDTC Milestone 2 Grant Funding Received


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Winnipeg, MB, Sept. 19, 2022 (GLOBE NEWSWIRE) --

EnerPure Inc. (“EnerPure” or the “Company”), a Manitoba cleantech company, is pleased to announce that it has received its second grant funding payment from Sustainable Development Technology Canada (SDTC) for Milestone 2 of the Company's SDTC project. This second milestone payment of over $800,000 will be used to produce Approved for Construction engineering drawings for future commercial unit deployments. The engineering work for this final milestone of the SDTC project is already underway and the Company expects this work to be complete prior to the end of the calendar year.

This second tranche of grant funding has been received following the successful completion of EnerPure's first SDTC project milestone. During Milestone 1, EnerPure successfully demonstrated the operational capacity including the throughput of the Company's regeneration technology. To date, over one million litres of waste lubricating oil have been processed by the Company's technology.

Doug Kroeker, President & GM of EnerPure commented: “Successfully completing the objectives of Milestone 1 of the project to enable the release of this second tranche of funding from SDTC is another validation of the accomplishments made by EnerPure. We have successfully proven our technology and it is invaluable to have a third-party like SDTC confirm those accomplishments through their continued support of the project and advancement to Milestone 2.

About the Company

EnerPure is a Manitoba cleantech company founded on the idea that waste oil recycling should be accessible to all communities.

Todd Habicht founded the Company as HD-Petroleum in 2009, after recognizing the global potential of a technology brought to him by his grandfather, Barney Habicht. As CEO, Todd turned his grandfather’s prototype into a commercially proven technology, patent-protected in a dozen strategically selected countries around the world. Todd has assembled a strong team with diverse experience and skills to realize the full potential of the technology and transform his grandfather’s idea into a global reality.

HD-Petroleum became EnerPure in 2020 to better reflect the Company’s focus of being a cleantech energy company – a company that recycles waste petroleum into a clean source of fuel and energy while reducing greenhouse gas (GHG) emissions.

EnerPure’s regeneration technology uses a patented three-phase, closed-loop, continuous flow process to convert waste motor oil into a market-ready marine distillate fuel that exceeds the highest fuel standard now required for international ships under the IMO 2020 Fuel Standard.

EnerPure is pleased to have received funding and support from Sustainable Development Technology Canada (SDTC). SDTC supports companies attempting to do extraordinary things by investing in innovative small and medium-sized businesses to help them grow into successful companies that help solve some of the world’s most pressing environmental challenges. https://www.sdtc.ca/en/

EnerPure is pleased to have received funding and support from the Government of Canada through the Community Adjustment Fund.

For more information please contact:

EnerPure Inc.
www.enerpure.tech

Amar Purewal
Corporate Communications
news@enerpure.tech
250-558-8819

Disclosure and Caution

This press release may contain certain disclosures that may constitute "forward-looking statements" within the meaning of Canadian securities legislation. In making the forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and 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 law.

The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.