Edmonton, Alberta— March 25, 2021 — After several months of rigorous technical due diligence, SDTC and AdvEn entered into an agreement for SDTC to provide up to $4.1 million in grant money based on pre-defined milestones for the commercialization of its advanced super activated carbon (“ASAC”) technology. The milestones range from design through to sample production and AdvEn securing a purchase order from a prospective customer.

“The SDTC team has been a pleasure to work with these past few months and we are grateful for their decision to support our project,” said Yanguang Yuan, Chairman and CEO. “SDTC’s technical team understands our science and the growth strategy we are executing. Their support will be a catalyst for AdvEn’s ability to finance and build the first commercial scale super activated carbon manufacturing facility using refinery residues.”

AdvEn has been piloting ASAC production for the past four (4) years at a laboratory scale producing small batches of high-quality super activated carbon for use in super capacitors and in demanding industrial environmental management applications. In pilot tests, ASAC demonstrated an improvement in electrical capacitance of approximately 30% while the manufacturing process itself reduced greenhouse gas emissions and power consumption to about 1/3 of other manufacturers. The Company plans to build a 36,000 sq. ft. manufacturing facility in Nisku which will initially produce about 400 metric tons of ASAC and scale to more than 1,200 tons of production annually.

SDTC is a not-for-profit foundation sponsored by the Government of Canada supporting Canadian companies – clean technology trailblazers – who are leaders in their efforts to develop and demonstrate new environmental technologies that address climate change, clean air, clean water and clean soil.

About Us

AdvEn Inc. (formerly Nano Innovations Inc.), through its wholly owned subsidiary AdvEn Industries Inc., develops and commercializes carbon-centric advanced technologies converting petroleum refinery residues into non-combustible products for energy and environmental applications. AdvEn’s 36,000 ft2 manufacturing plant and research facility in Nisku, Alberta, Canada will initially produce up to 400 metric tons per year of advanced super activated carbon (“ASAC”) before scaling to 1,200 metric tons per year; and is also piloting the Company’s patented dry electrode super adhesive coatings (“ESAC”) process. Both ASAC and ESAC provide superior technical performance, reduced GHG emission and energy consumption with excellent cost efficiency.

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