Micron Awarded Industrial Design Certificate of Registration for Food and Cannabis Waste Digester
09 Juli 2018 - 1:09PM
InvestorsHub NewsWire
Vancouver, British
Columbia -- July 09, 2018 -- InvestorsHub
NewsWire -- Micron Waste Technologies Inc. (the “Company”)
(CSE: MWM, OTC: MICWF, Frankfurt: 7FM2), a leading
developer of aerobic digester solutions for the treatment of
organic food and cannabis waste, has been awarded an Industrial
Design Certificate of Registration from the Canadian
Intellectual Property Office (CIPO) for its commercial Organic
Waste Digester Unit. Micron’s Application Number 177758 sought and
won intellectual property protection for innovative features unique
to Micron’s unit, which processes both food waste and cannabis
plant waste on a commercial scale. The Company’s design patent is
also pending in the United
States.
The CIPO design patent is
valid for five years with an option to renew for an additional five
years of exclusivity. The new functional design enhances food waste
digestion efficiency by up to 40% while reducing the machine’s
footprint and waste digestion time. The patent-pending technology
was repurposed for Micron’s Cannabis Waste Digester. The Company’s
first Cannabis Waste Digester unit was delivered to Aurora Cannabis
Inc.’s (“Aurora”) (TSX: ACB) Mountain facility outside
Calgary, Alberta on June 28, 2018. At 55,200 square foot
Aurora Mountain, which produces 4,800 kg of premium cannabis each
year, the unit will undergo final site installation and calibration
to match production cycles.
The Cannabis Waste Digester, an industrial-grade organic waste
processor, pulverizes and renders organic waste in combination with
a proprietary blend of microbes and enzymes designed and developed
by Micron. Importantly, as part of Micron’s full-system waste
treatment platform, effluent from the digester is further treated
to derive clean greywater which can be re-used in industrial or
agricultural operations. Alternatively, the treated
regulatory-compliant greywater from the Cannabis Waste Digester,
which meets municipal discharge standards, can be safely
discharged. Active pharmaceutical compounds in cannabis waste are
further biologically treated to denature cannabinoids present,
keeping them out of waste streams.
“Receipt of the CIPO Industrial Design Certificate is further
testament to Micron’s innovation in agricultural and organic waste
processing biotechnology and engineering,” said Micron President
Alfred Wong. “It has always been Micron’s intention to create a
system that was not only best-in-class, but one that re-invented
that class entirely. Our platform marries organic waste digestion
with water reclamation and purification to solve our customers’
waste processing needs cleanly, cost-effectively and without
dumping effluent downstream where it causes problems for municipal
waste treatments plants.”
The Organic Waste Digester system, an environmentally-sound green
technology platform, also uses advanced computer science for remote
real-time diagnostics monitoring and control. The comprehensive
system has been engineered to operate on-site where needed in a
contained unit which does not emit sound or smell, while exempting
customers from the need to haul, incinerate or landfill waste.
The Micron Cannabis Waste Digester was engineered based on proven
technology used by the Company in its Organic Waste Digester Unit.
The Company’s Cannabis Waste Digester system resulted from a
collaboration with Aurora to develop a clean technology solution to
process organic waste generated from the growth and cultivation of
cannabis, while mitigating concerns about the potential
environmental impact. Active cannabinoid residues are altered and
denatured through use of patent-pending microbial and enzymatic
digestion agents. Importantly, the Micron system reclaims water
from cannabis waste and purifies it for re-use in growing
operations. The Mountain facility unit is the first of several to
be commissioned by Aurora, subject to the technology meeting
certain milestones per a collaboration agreement announced in
December 2017. Subsequent units will be available to Canadian,
American and international cannabis cultivators.
Cannabis Waste Digester Naming Contest
Micron is currently holding a naming contest for the Cannabis Waste
Digester, with the winner to receive $2000 USD and an all-expenses
paid trip for two to the Aurora Mountain facility to christen the
unit. The contest is open to residents of Canada and the United
States. To enter and for full contest details, please visit
www.micronwaste.com/contest.
The contest closes July 31, 2018.
Stock Option Grant
On July 6, 2018, the Company granted 865,000 options to purchase
common stock to various directors, officers, employees, and
consultants, at an exercise price of $0.55, for a term of five
years, pursuant to the Company’s incentive stock option plan.
About Micron Waste Technologies Inc.
Micron Waste Technologies Inc is a well-funded technology company
with over $6 million in working capital. The Company’s organic
waste management system processes organic waste directly on-site
and treats the resulting waste water into clean water which meets
municipal sewage discharge standards. The treated water can be
discharged directly into the sewer or recycled back into industrial
or agricultural operations. The Company has developed the world’s
first Cannabis Waste Digester which denatures active pharmaceutical
compounds from waste streams. Please visit our website at www.micronwaste.com for further information. Micron is
a public company with listings on the CSE: MWM, OTC: MICWF, and in Frankfurt: 7FM2.
On Behalf of the Board
Rav Mlait
Chief Executive Officer and Director
For further information contact:
Media
Inquiries:
Karen Lauriston
+1.905.691.1185
karen@micronwaste.com
Investor
Relations
+1.844.318.8216
The Exchange
does not accept responsibility for the adequacy or accuracy of this
release
FORWARD LOOKING STATEMENTS:
The forward-looking information contained in this press release
is made as of the date of this press release and, except as
required by applicable law, the Company does not undertake any
obligation to update publicly or to revise any of the included
forward-looking information, whether as a result of new
information, future events or otherwise, except as may be required
by law. By its very nature, such forward-looking information
requires the Company to make assumptions that may not materialize
or that may not be accurate. This forward-looking information is
subject to known and unknown risks and uncertainties and other
factors, which may cause actual results, levels of activity and
achievements to differ materially from those expressed or implied
by such information.
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