ESGL Holdings Limited (NASDAQ: ESGL) Announces Groundbreaking Multi-Year Circular NEWSPAR Supply Agreement with Sentosa Clay Products
23 Janeiro 2024 - 11:00AM
ESGL Holdings Limited (NASDAQ: ESGL) (“ESGL” or the “Company”), a
leading innovative enviro-tech company manufacturing circular
products, announces the successful conclusion of a multi-year
agreement with Sentosa Clay Products Sdn Bhd (“SCP”) to co-produce
sustainable bricks for the building industry.
The landmark agreement between ESGL and SCP will see the
production of sustainable building materials using the circular
product, NEWSPAR. NEWSPAR is a proprietary product from ESGL that
provides both practical and environmental benefits. The contractual
commitment extends through December 31, 2025.
"SCP's collaborative R&D efforts with ESGL over the past few
months have been instrumental in exploring the potential of NEWSPAR
as an alternative material in brick manufacturing. Under this
contract, SCP anticipates the annual production of more than 10
million sustainable bricks, equivalent to constructing
approximately 1,000 two-storey houses," stated Mr. Tan Kuang Yoa,
CEO of Sentosa Clay Products Sdn Bhd.
Chairman and CEO of ESGL, Mr. Quek Leng Chuang expressed, "This
contract is doubly transformative, as it not only promotes
sustainable building solutions, but also provides an alternative
revenue stream for the production of NEWSPAR. With NEWSPAR, we are
contributing to the decarbonization of the building sector. This
collaboration exemplifies a true circular economy, made possible
through strong partnerships with entities like SCP and the
continued support of ESGL customers."
About NEWSPARNEWSPAR is an innovative circular
product regenerated by ESGL, from waste sludges originating in
manufacturing plants. Its production relies solely on renewable
energy, distinguishing it as a more sustainable alternative to
materials extracted through mining processes.
About ESGL Holdings LimitedESGL Holdings
Limited (“ESGL”) is a holding company incorporated as an exempted
company under the laws of the Cayman Islands. ESGL conducts all its
operations through its operating entity in Singapore, Environmental
Solutions (Asia) Pte. Ltd. For more information, including the
Company’s filings with the SEC, visit https://esgl.asia.
About Sentosa Clay Products Sdn BhdSentosa Clay
Products Sdn Bhd (“SCP”) is a Malaysian Brick Making Company, uses
a combination of traditional brick makers craft with state-of-the
art technology, producing high-quality bricks and pavers for the
building industry.
Forward-Looking Statements Certain statements
in this press release may be considered to contain certain
“forward-looking statements” within the meaning of “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by words such as:
“target,” “believe,” “expect,” “will,” “shall,” “may,”
“anticipate,” “estimate,” “would,” “positioned,” “future,”
“forecast,” “intend,” “plan,” “project” and other similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. Examples of
forward-looking statements include, among others, statements made
in this press release regarding anticipated future financial and
operating performance and results, including estimates for growth,
gross margins, adjusted EBITDA, potential regional expansion,
development of new products, partnerships, customer relationships,
demand for waste processing, and sales of circular products.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
ESGL management’s current beliefs, expectations, and assumptions.
Because forward-looking statements relate to the future, they are
subject to inherent uncertainties, risks, and changes in
circumstances that are difficult to predict and many of which are
outside of our control. Actual results and outcomes may differ
materially from those indicated in the forward-looking statements.
Therefore, you should not rely on any of these forward-looking
statements.
A further list and description of risks and uncertainties can be
found in documents filed with the Securities and Exchange
Commission (“SEC”) by ESGL and other documents that the Company may
file or furnish with the SEC, which you are encouraged to read. Any
forward-looking statement made by us in this press release is based
only on information currently available to the Company and speaks
only as of the date on which it is made. The Company undertakes no
obligation to publicly update any forward-looking statement,
whether written or oral, that may be made from time to time,
whether as a result of new information, future developments, or
otherwise, except as required by law.
Investor ContactCrocker Coulson, CEO, AUM
Media+1 (646) 652-7185crocker.coulson@aummedia.org
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