Aether Catalyst $ATHR is working on a catalytic converter that does not use precious metals – palladium, platinum or rhodium – uses base metals and could save OEMs billions and help stop theft!
Aether Catalyst Solutions, Inc. (CSE: ATHR) (“ATHR” or the “Company”), is pleased to announce that the City of Burnaby is working together with Aether on the Urban Small Motors Emissions Abatement Project to evaluate Aether’s emissions abatement technology on select pieces of their equipment employing small motors,
Small motors contribute significantly to urban air pollution: “Today, operating the best-selling commercial lawn mower for one hour emits as much smog-forming pollution as driving the best-selling 2017 passenger car, a Toyota Camry, about 300 miles – approximately the distance from Los Angeles to Las Vegas. ” (California Air Resource Board [arb.ca.gov] Small Engines in California Fact Sheet). Currently, emissions from these small motors are not subject to any emissions abatement technology. Thus, these machines are responsible for considerable volumes of urban air pollution, causing significant amounts of smog, and greenhouse gas emissions.
The common argument used to justify current emission requirements for small motors has been the cost of precious metal-based catalytic converters being too high for consumers. However, with Aether’s low- cost emission reduction technology, the cost argument will no longer be valid.
Under the terms of the MOU entered into between Aether and the City of Burnaby, the parties will cooperate to select appropriate pieces of equipment on which to install Aether’s catalysts, and Aether will utilize the data generated to further optimize its small motors catalysts. Overall, the project will eva
luate the use of Aether’s catalysts as an effective emissions abatement solution for the City of Burnaby’s municipal equipment.
Taylor Procyk, Chief Operating Officer of Aether commented “We are thrilled to begin this project with the City of Burnaby. This is the first step to show how we can contribute to building a cleaner and healthier city for our friends and family.”
“The City of Burnaby is committed to transitioning to zero-emission vehicles and equipment as part of its overall commitment to becoming carbon neutral by 2050, and this project with a local Burnaby company is an opportunity to reduce carbon emissions within existing equipment until they are replaced with zero-emission alternatives,” said Burnaby City Councillor Joe Keithley.
ABOUT THE CITY OF BURNABY:
The City of Burnaby is a vibrant city at the geographic centre of Metro Vancouver. It has an amazing natural environment, a strong cultural mosaic and thriving town centres. To meet the aggressive carbon reduction targets established by Burnaby City Council, a framework called This is Climate Action has been developed to guide how the City will put into action its commitment to be “carbon neutral” (no longer contributing to the carbon emissions that accelerate climate change) by 2050.
ABOUT THE COMPANY:
Aether Catalyst Solutions, Inc. is focused on providing an order of magnitude cost reduction in automotive catalytic converter catalyst, while meeting, or exceeding government emission standards. Aether is working to quickly advance its technology through rapid screening of new materials directed at enhancing end of life conversion levels after accelerated aging. While Aether’s primary focus has been automotive applications, the company is also developing catalysts to address small motors emissions – a significant contributor to urban air pollution.
FOR FURTHER INFORMATION PLEASE CONTACT:
Aether Catalyst Solutions, Inc.
Tel: 604 690-3797
Aether $ATHR is working on a #technology that could assist in reducing urban #pollution and #carbonemissions by adding inexpensive #catalyticconverters to small motors such as lawn mowers, leaf blowers and generators – a vast unaddressed global market.
Aether Catalyst announced a $500,000 non-brokered private placement in June and has now amended the terms of the financing to up to $525,000 priced at $0.15 per unit which includes a one half warrant priced at $0.25 for a period of 12 months.
One of the successes that Aether has had over the past three years is the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) funding which contributed over $450,000 to the company. On August 24th, Aether announced an additional non-repayable contribution of up to $250,000 alongside another up to $20,000 funding through NRC IRAP’s Youth Employment Program. This funding is indicative that the NRC IRAP has sufficient confidence in Aether’s technology to continue to support its development. The contribution will support their research and development project and enable Aether to significantly speed up the time to get its technology to market by allowing additional capital and human resources to be dedicated to the project.
Given COVID’s effect on the ability of the large manufacturers returning to their R&D departments, Aether is continuing its development on the low cost catalyst for automobiles but also targeting the urban air polluters such as lawn mowers and leaf blowers. These small motor engines cause much more greenhouse gas emissions than we realize and environmentalist are targeting change for this. Aether feels that their technology could be implemented on small motors at a price point that would not adversely affect the sale of them.
In early August, COO of Aether Catalyst, Greg James, was asking to present at the North American Monetary Metals Summit. Greg and the Organizer, Robert Kientz discuss the significance of Aether’s technology which reduces the use of precious metals for catalytic converters and how this could save the automobile industry billions. https://www.youtube.com/watch?v=LurzQXz-tWQ&t=1053
Aether Catalyst $ATHR is working on a technology that could save the OEMs billions. #cleantechnology #catalyst #technology #autoindustry #catalyticconverter
…”That innovator is Aether Catalyst Solutions Inc. (CSE:ATHR,Forum), which has quietly been working for several years on a prototype for a catalytic converter that doesn’t use any precious metals. Designed and tested by an experienced crew with engineering and business success, the Company has gone from a promising design to a fourth-generation prototype that has already overcome many of the obstacles those behind them could not.”
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