09.07.2024 13:00:07 - dpa-AFX: GNW-Adhoc: Aduro Clean Technologies Engages KCSA Strategic Communications to Provide Investor Relations and Digital Marketing Services
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LONDON, Ontario, July 09, 2024 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc.
(https://adurocleantech.com/) ("Aduro" or the "Company") (CSE: ACT) (OTCQX:
ACTHF) (FSE: 9D50), a Canadian technology company using the power of chemistry
to transform lower value feedstocks, like waste plastics, heavy bitumen, and
renewal oils, into resources for the 21(st) century, announces that it has
entered into an investor relations and digital services agreement (the "KCSA
Agreement") with an arm's length marketing firm, Kanan Corbin Schupak & Aronow,
Inc. dba KCSA Strategic Communications ("KCSA (https://www.kcsa.com/)") of New
York City, New York.
KCSA will provide investor relations and digital services, including building
and managing Aduro's brand through their AmplifIR digital IR platform (the
"Services"), for an initial term of six months beginning July 15, 2024 (the
"Initial Term"), which Services shall continue thereafter unless either the
Company or KCSA provides written termination notice not less than 30 days prior
to the end of the Initial Term, and thereafter upon at least 30 days' written
notice by either the Company or KCSA.
In consideration for the Services, Aduro will pay KCSA a monthly fee of
US$10,000 for investor relations services, a one-time project fee of US$12,500
upon execution of the KCSA Agreement, and US$106,400 for digital marketing
services paid in two installments of US$53,200 over 2 months. KCSA is not
related to the Company and, to the knowledge of the Company's management, has no
interest, directly or indirectly, in Aduro or its securities. KCSA is at arm's
length to Aduro and has no other relationship with Aduro except pursuant to the
KCSA Agreement.
The Company's engagement with KCSA, a leading New York-based communications
firm, is another step in its efforts to enhance communication with the current
investor community and expand visibility to a greater audience. The Company
expects that KCSA will be able to facilitate greater awareness and widespread
dissemination of the Company's news. KCSA will employ a comprehensive
communications program designed to increase awareness of Aduro across the
investment community. Since 1969, the firm has demonstrated strategic thinking
and program execution that drives results for its clients in the ever-changing
communications and digital landscape.
About Aduro Clean Technologies
Aduro Clean Technologies is a developer of patented water-based technologies to
chemically recycle waste plastics; convert heavy crude and bitumen into lighter,
more valuable oil; and transform renewable oils into higher-value fuels or
renewable chemicals. The Company's Hydrochemolytic(TM) technology relies on water
as a critical agent in a chemistry platform that operates at relatively low
temperatures and cost, a game-changing approach that converts low-value
feedstocks into resources for the 21(st) century.
For further information, please contact:
Ofer Vicus, CEO
ovicus@adurocleantech.com (mailto:ovicus@adurocleantech.com)
Abe Dyck, Investor Relations
ir@adurocleantech.com (mailto:ir@adurocleantech.com)
+1 226 784 8889
Forward-Looking Statements
This news release contains forward-looking statements. All statements, other
than statements of historical fact that address activities, events, or
developments that the Company believes, expects or anticipates will or may occur
in the future, are forward-looking statements. The forward-looking statements
reflect management's current expectations based on information currently
available and are subject to a number of risks and uncertainties that may cause
outcomes to differ materially from those discussed in the forward-looking
statements. In this release, the forward looking statements include, but are not
limited to, expectations regarding the implementation of investor relations and
digital services of KCSA and, in particular, the anticipated effects of the
proposed marketing services, including increased awareness of the Company and
its developing technologies in Canada, the United States and internationally.
Although the Company believes that the assumptions inherent in the forward-
looking statements are reasonable, forward-looking statements are not guarantees
of future performance and, accordingly, undue reliance should not be put on such
statements due to their inherent uncertainty. Important factors that could cause
actual results to differ materially from the Company's expectations include, but
are not limited to, the marketing services not being provided as anticipated,
the delivery of such services not resulting in the anticipated results, adverse
market conditions and other factors beyond the control of the parties. The
Company expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future events
or otherwise, except as required by applicable law.
The CSE has not reviewed, approved, or disapproved the content of this news
release.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/40484cf4-88bc-4986-a56d-
1b2389162795
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