Toronto, Ontario--(Newsfile Corp. - March 31, 2021) - Eco Depot Inc. (OTC Pink: ECDP), a Nevada company, updating shareholders and market stakeholders of recent activities and their impact on the company. This Q1 2021 market update is communicated in the spirit of transparency and gratitude to Eco Depot, Inc. stakeholders.
The Company is pleased to announce in the first quarter of 2021, Bronya Canada Group facilitated and received US $1 Million in financing to launch its Bronya Climate Shield products in North America.
The Company's wholly owned subsidiary Bronya Canada Group, Inc. is currently adapting its product to be more consumer friendly in the North America market. This includes minor changes in the product to allow easy flow, similar to paint, while keeping the thermal barrier of the product intact, which has been submitted for laboratory testing with certified laboratories in North America. The company is confident in the anticipated improvements to its product and their impact in market appreciation.
Bronya Canada Group is in the process of finalizing standardized qualifications through laboratory testing at ASTM, CSA, Underwriters Laboratory and Military Standard "MIL-SPEC" to meet testing used to achieve standardization objectives by the U.S. Department of Defense with NTS Laboratory. These results will be published promptly, upon availability.
To distribute more efficiently, Bronya Canada Group has leased properties in Montreal and Toronto, with additional micromanufacturing and distribution facilities planned in the USA for its product launch in North America.
Due to COVID-19 restrictions regarding social distancing, Bronya Canada Group has delayed its retail big box store launch in the first quarter of 2021, until restrictions are lifted on a regional basis. However, due to product demand, the Company will open online stores with Amazon and Shopify, and with third-party fulfillment centers in North America and Europe, in Q2 of 2021, to service its retail clients.
The company has also proceeded to commence additional testing for its consumer-friendly version in accordance with the European Commission, Joint Research Center, Institute for Environment and Sustainability, to establish Tradable Certificates for Energy Savings, known as (White Certificates). Market-based Instruments (MBI's) aim to bring sustainability to the energy sector from renewable energy sources and cut harmful emissions, widely known as tradable CO2 allowances. These results will be published shortly, as well.
The UN , governments, International Energy Agency are calling for corporate support to meet clean energy 2030 SDG initiatives. Bronya Climate Shield instantly delivers up to 40% efficiency in energy consumption and flow, industrially, commercially, and domestically, minimizing global carbon production by reducing energy consumption, via simple, affordable application. Bronya Climate Shield incentivizes corporate support in 2030 SDG initiatives by lowering overall production costs, improving working conditions for workers, improving equipment functionality and safety. Empowering organizations to meet global and national energy consumption goals requires recognized benefit to their health and success.
About Bronya Climate Shield™ products:
Bronya Classic: Bronya Classic is our baseline thermal formulation, designed for a wide range of applications. It has strong adhesion to wood, concrete, metals, and other construction materials. Our primary objective when developing Bronya Classic was to create a temperature-resistant, weather-protective, and rust-inhibiting coating that is durable enough to withstand extreme conditions. Bronya Classic is extremely insulating and, when applied sufficiently, can reduce energy costs inside of most structures by up to 40%.
Bronya Facade: Bronya Facade is our toughest formulation. It is uniquely developed for the thermal insulation of vertical surfaces. A single 1mm coat applied on the interior and exterior of a wall forms a single, joint-less surface, which helps maintain and insulate the interior climate. Bronya Facade reflects up to 80% of the visible solar and infra-red radiation spectrum. It significantly reduces indoor heat in the summertime, resulting in lower air conditioning expenditures. In cold climates, it can reduce heating costs by up to 40%. It is like the classic, but more effective for exterior use.
- Ensures thermal insulation of both interior and exterior walls.
- Does not increase the structural load.
- Significantly reduces energy consumption.
- Reduces material expenses and labor costs.
- Uses significantly less space than standard insulation.
- It can be applied to brick, concrete, wood, vinyl, and metal walls.
Bronya Aquablock: Bronya Aquablock is uniquely formulated to prevent water damage. It can be applied to roofing, foundations, bathroom floors, electrical cables, and more. The surface of Bronya AquaBlock has no seams, which prevents any water from escaping or leaking. Due to its high adhesion, it is not affected by sunlight, humidity, or temperature changes. It is easy to apply by brush, roller, or spray gun. After curing, Bronya AquaBlock turns into a strong and durable coating that is not degraded by atmospheric or other environmental conditions. It is durable, extremely elastic, and maintains its characteristics in the most extreme conditions.
- The fireproof version is available.
- Elasticity reaches 220%.
Bronya Fire Retardant: Bronya Fire Retardant can be found in various ratings of R45, R60, R90, R120. It is used to improve the fire safety of enclosing structures. Bronya Fire Retardant: ∙ Thin application to paper, wood, metal, and plastic will result in a very effective fire protective coating. ∙ Surface maintains the same physical and mechanical characteristics as was prior to application.
- Liquid Coated Thermal Insulation Material (LCTIM) does not impair its thermo-physical properties and allows the product to maintain its fire-retardant rating.
- Unlike its rivals, Bronya Fire Retardant can be colored. This has no impact on its efficacy.
- More cost-effective than the competition.
- Easy application for reduced labor costs.
- A single coat (without additional life-prolonging layers) is designed to maintain protection inside buildings up to 30 years.
ABOUT ECO DEPOT
Eco Depot, Inc. acquires, manages, and develops eco-friendly real estate assets and consumer brand products. Their focus is to provide investments, funding, and support for acquisitions, start-ups, entrepreneurs, and green companies dedicated to protecting the environment. Eco Depot is a development stage distributor of eco-friendly consumer brand products and is publicly traded Over the Counter at OTCMKTS: ECDP.
ABOUT BRONYA CANADA GROUP
Bronya Coatings Group, Inc. ("the Company") is based in Montreal and intends to commercialize a Multi-Purpose liquid thermal insulation paint Bronya Climate Shield product line in North America. The Company's mission is to establish third-party production facilities globally to reduce the costs associated with the business' supply chain. The Company also has established relationships with major home improvement stores on a worldwide basis.
ABOUT BRONYA CLIMATE SHIELD™
Bronya Climate Shield increases energy efficiency, energy savings, and reduces carbon emissions through energy conservation. Product website: www.bronyaclimateshield.com
CONTACT:
Eco-Depot Inc
2300 West Sahara Avenue
Suite 800
Las Vegas, NV 89102
Website: ecdp.co
Tel: 1 (800) 323-7006
Info@ecdp.co
WEBSITE: www.ecdp.co
info@ecdp.co
PRODUCT INQUIRIES:
+1-(844)-427-6692
info@bronyaclimateshield.com
Safe Harbor Statement
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it.
Accordingly, such forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the Company's actual results, performance, or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition, or alteration to the information catered in this Press Release, including such forward-looking statements.
FORWARD LOOKING INFORMATION
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the new team members' expertise and how the Company will benefit from their ability to assist the Company to implement its business plan. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with the implementation of the Company's business plan and matters relating thereto, risks associated with the industry, competition, regulatory change, the need for additional financing, reliance on key personnel, the potential for conflicts of interest among certain officers or directors, and the volatility of the Company's common share price and volume. Forward-looking statements are made based on management's beliefs, estimates, and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates, and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others, risks related to the Company's proposed business, such as failure of the business strategy and government regulation; risks related to the Company's operations, such as additional financing requirements and access to capital, reliance on key and qualified personnel, insurance, competition, intellectual property and reliable supply chains; risks related to the Company and its business generally. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. While the Company may elect to, it does not undertake to update this information at any particular time.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
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