Edmonton, Alberta — January 31, 2022 — AdvEn Industries Inc., a wholly owned subsidiary of AdvEn Inc. (together “AdvEn”), today released the results of an independent report showing a 71% reduction in greenhouse gas emissions (“GHG”) and a 60% reduction in sulfur oxides when compared to processes in Canada and internationally manufacturing similar products. The report estimates that upon completion, AdvEn’s 36,000 sq. ft. advanced super activated carbon (“ASAC”) manufacturing process will release 1/15 of the greenhouse gases of AdvEn’s competitors.

“This independent study validates our research and the environmental contribution our technology will make to the next generation of energy storage and environmental management,” said Dr. Weixing Chen, Chief Technology Officer. “It also demonstrates the importance of our technology in providing a non-combustible and sustainable product derived from refinery residues in Canada.”

The report, developed by Strategic Alliance for Innovation, Safety, and Sustainability Consulting Group (“SAISS”), was commissioned by AdvEn as part of its reporting obligations to Sustainable Development Technology of Canada (“SDTC”) who committed up to $4.1 million in grant funding for the ASAC manufacturing plant.

The report considered the reduction of GHG emissions, as well as other potential air contaminants associated with energy consumption at 300 metric tons of annual production. It also evaluated the manufacturing process in detail including all inputs and outputs when compared to other baseline competitors within Canada and globally.

“The results of this analysis and our own research demonstrate a significant competitive advantage for AdvEn as we near completion of our manufacturing facility and enter into the global super activated carbon market,” added Dr. Chen.

About Us

AdvEn Inc. (formerly Nano Innovations Inc.), through its wholly owned subsidiary AdvEn Industries Inc., develops and commercializes carbon-centric advanced technologies utilizing industrial by-products: converting refinery residues into non-combustible products for energy storage and a clean environment. AdvEn’s 36,000 square foot manufacturing plant and research facility located in Nisku, Alberta, Canada will produce up to 1,200 metric tons per year of advanced super activated carbon (“ASAC”) and is currently piloting the Company’s patented dry electrode super adhesive coatings (“ESAC”). ASAC products provide superior performance when compared to similar materials used in the super capacitor, battery, pharmaceutical and industrial filtration markets.

AdvEn, ASAC and ESAC are trademarks of AdvEn in Canada and the United States.