CEO Isiah Thomas Highlights
Strategic Progress and Expanding Market Opportunities in Automotive
Hemp Innovations
LAS VEGAS, NV -- March 6, 2025 -- InvestorsHub NewsWire -- One
World Products, Inc. (“OWP”) (OTCQB:
OWPC), renowned for its innovative approach to eco-friendly
materials, today announces that Chairman and CEO Isiah Thomas has
issued the following investor update:
Dear Valued Shareholders,
I am pleased to share exciting updates on One World Products’
progress as we position ourselves at the forefront of sustainable
innovation in the automotive industry. Our company is making
significant strides in utilizing industrial hemp to revolutionize
automotive plastic applications, reinforcing our commitment to
creating environmentally friendly and high-performance solutions
for the global marketplace.
Expanding Our Presence in Automotive Plastic
Applications
Our strategic focus on automotive applications is gaining
momentum, and we are proud to be leading the charge in sustainable
material innovations. By leveraging the unique benefits of
industrial hemp, we are developing high-quality, lightweight, and
durable solutions that directly address the automotive industry's
increasing demand for eco-friendly materials. These innovations not
only enhance vehicle efficiency and reduce carbon footprints but
also position us to capture a significant share of a substantial
market opportunity.
North America alone produced over 16 million vehicles in 2023,
with each vehicle containing an average of 411 pounds of plastic
components. This results in an annual total market opportunity of
approximately 6.64 billion pounds of plastic, highlighting the
immense growth potential available to One World Products as we
further develop and commercialize our hemp-based materials.
Strategic Partnerships Driving Growth
We are thrilled to strengthen our partnerships with industry
leaders Stellantis, West Michigan Compounding, and Flex-N-Gate.
These collaborations are pivotal in accelerating the adoption of
hemp-based materials across automotive manufacturing and supply
chains. Through these alliances, we are integrating sustainable
solutions that will drive innovation and create long-term value for
our shareholders, customers, and stakeholders.
Our First Purchase Order with Flex-N-Gate
A major milestone for One World Products is our first purchase
order with Flex-N-Gate, a testament to the growing demand for our
industrial hemp applications. This order marks a significant step
in validating the commercial viability of our materials and
reinforces the trust that leading automotive manufacturers have in
our ability to deliver sustainable, high-performance solutions.
This achievement lays the foundation for future growth as we expand
our product offerings and increase market penetration.
A New Name, A Bold Future
To better reflect our company’s evolving focus and strategic
direction, One World Products will soon undergo a name change. This
transition is designed to align our brand identity with our mission
and market focus, particularly in the automotive sector. We believe
this new identity will more effectively communicate our vision to
investors, partners, and the broader industry.
The momentum we are experiencing today is just the beginning.
With our innovative product pipeline, strong industry partnerships,
and commitment to sustainability, we are positioning ourselves as a
leader in the next generation of automotive materials. We remain
dedicated to delivering long-term shareholder value as we execute
our growth strategy and expand our footprint in the global
market.
Thank you for your continued support as we drive One World
Products forward into this exciting new chapter.
Best regards,
Isiah Thomas
Chairman and CEO
One World Products, Inc.
For more information, please visit https://oneworldproducts.com
#HempIsTheNewPlastic (TM)
Forward-Looking Statements:
This press release contains "forward-looking statements." Such
statements may be preceded by the words "intends," "may," "will,"
"plans," "expects," "anticipates," "projects," "predicts,"
"estimates," "aims," "believes," "hopes," "potential," or similar
words. Forward-looking statements are not guarantees of future
performance, are based on certain assumptions and are subject to
various known and unknown risks and uncertainties, many of which
are beyond the Company's control, and cannot be predicted or
quantified and consequently, actual results may differ materially
from those expressed or implied by such forward-looking statements.
More detailed information about the Company and the risk factors
that may affect the realization of forward-looking statements is
set forth in the Company's filings with the Securities and Exchange
Commission ("SEC"), including the Company's most recent Annual
Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors
and security holders are urged to read these documents free of
charge on the SEC's website at www.sec.gov.
All forward-looking statements speak only as of the date on
which they are made. The Company undertakes no obligation to update
any forward-looking statement or statements to reflect events or
circumstances after the date on which such statement was made,
except to the extent required by applicable securities laws.
Investor Contact:
One World Products, Inc.
contact@owpv.com
800-605-3210 x506
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