EDMONTON, Alberta, July 15, 2021 (GLOBE NEWSWIRE) — Exceed Solar Inc. (the “Company” or “Exceed Solar”), a business that is 40% owned by Visionstate Corp. (TSXV: VIS), is pleased to announce it has signed a memorandum of understanding (MOU) with Lloydminster-based Ecoplast Solutions Inc. (“Ecoplast”) to collaborate on constructing high-tech living spaces that set a new standard in sustainable living.
Visionstate Corp. previously announced on April 23, 2021 that it had signed a Letter of Intent to acquire the outstanding shares of Exceed Solar Inc.
The partnership with Ecoplast will see Exceed Solar utilizing Ecoplast’s proprietary structurally insulated panels (SIPs) to build its sustainable living spaces that include backyard studios, garden or in-law suites and high-tech greenhouses. Ecoplast’s insulated panels are built on a foam core material made from 100% recycled plastic bottles and bonded with a special laminate.
“What made Exceed Solar excited about working with Ecoplast is the fact the company uses recycled plastic bottles to produce a building system that is strong, energy efficient, and cost effective”, said Elliott Putters, President of Exceed Solar. “Our strategy is to commoditize building structures to address the increasing cost of contemporary living spaces. The products offered by Ecoplast Solutions fit well within that strategy.”
“We’re extremely excited to work with Exceed Solar on numerous projects going forward. We believe our eco-friendly building solution is a perfect fit for their future developments”, said Jean-Marc d’Entremont, Managing Partner of Ecoplast.
Exceed Solar is a company that makes every decision with consideration of the impact on the community and on the environment. This partnership with Ecoplast will be a key factor in the Company’s ability to be a part of and to build abundant, safe, and healthy communities.
Exceed Solar is poised to make a significant impact on energy-efficient building envelopes. The Company is focused on smaller-scale structures such as backyard greenhouses, garden suites and business and entertainment studios which are branded under Sol Spaces.
Ecoplast SIP innovation represents a major new application for recycled high-quality polyethylene terephthalate (PET) made from plastic bottles. PET foams are the newest structural core materials in the composite industry. Ecoplast only sources PET made solely from recycled bottles.
Currently Exceed Solar is working with the University of Alberta’s sustainability initiative and faculty of engineering to build and test a high-tech, solar-powered greenhouse at the University of Alberta’s East Campus Village. The project will see a variety of research projects and innovative technology tested in the greenhouse.
About Exceed Solar Inc.
Exceed Solar Inc. creates sustainable, scalable living spaces and community solutions, branded under the name “Sol Spaces”, by leveraging renewable energy, recycled building materials, and smart technologies. Exceed Solar’s modern living spaces are the next generation of housing solutions poised to become the most efficient living spaces available on the market. Visit our website to learn more: https://www.exceedsolar.com
About Ecoplast Solutions Inc.
Ecoplast Solutions Inc. specializes in building composite housing using a foam core made of 100% recycled plastic bottles. Ecoplast’s unique building process creates a product that is cost-effective, structurally superior, and environmentally friendly. Our team strives to improve the environmental quality of our planet by partnering with businesses, community leaders and neighbours to create a new line of architectural structures using 100% recycled core material. Visit our website to learn more: https://www.ecoplast-solutions.com
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-oriented company that develops and invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Through Visionstate Inc., it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences. Visit our website to learn more: https://www.visionstate.com/
Exceed Solar Inc.
Elliot Putters, President
Jean-Marc d’Entremont, Managing Partner
John Putters, CEO
CHF Capital Markets
Perry Rapagna, Manager Corp. Dev.
Tel: 416-868-1079 x230
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