CEMATRIX Announces the Renewal of its Joint Marketing and Cement Supply Agreements With Lafarge Canada
CALGARY, Alberta, Aug. 25, 2021 (GLOBE NEWSWIRE) — CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) (“CEMATRIX” or the “Company“) a North American leading manufacturer and supplier of technologically advanced cellular concrete products is pleased to announce that its wholly owned subsidiary, CEMATRIX (Canada) Inc. has renewed its Joint Marketing Agreement and Cement Supply Agreement (“the Agreements”) with Lafarge Canada Inc. (“Lafarge”) for another five years.
The Agreements support the joint development of the Canadian cellular concrete market with the ongoing objective of increasing cellular concrete sales to the mutual benefit of both parties.
“This continues to be a beneficial relationship for both parties,” stated Mr. Kendrick, President and CEO of CEMATRIX. “Cellular concrete is an emerging market opportunity that is clearly evident. Lafarge formally supports CEMATRIX in the development of our Canadian market, which has provided assistance to the company in the United States because of this long-standing relationship.”
“Lafarge and CEMATRIX have worked together seamlessly throughout Canada,” stated Cory Cannon, Vice President of Sales and Logistics, Western Canada. “The extension of these agreements is a natural result of the joint successes we have experienced on numerous projects with the full expectation that this relationship will only continue to grow into the future.”
“CEMATRIX and Lafarge plan to continue to expand on these successes by committing sufficient resources to furthering cellular concrete markets and cement sales throughout Canada,” continued Mr. Kendrick. “Both parties are also exploring the potential for joint research projects and the continued testing of alternative materials for the mutual benefit of our companies and the benefit of our environment. This is consistent with the commitment of both parties to be net zero in C02 emissions by 2030.”
CEMATRIX is a rapidly growing, cash flow positive company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America. This unique cement-based material with superior thermal protection delivers cost-effective, innovative solutions to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets. Through recent acquisitions of Chicago based MixOnSite and Bellingham based Pacific International Grout, CEMATRIX is now North America’s largest Cellular Concrete company. For more information, please visit our website at www.cematrix.com.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will be taken”, “occur” or “be achieved”. The forward-looking statements contained in this news release are based on certain key expectations and assumptions made by the Company, including satisfaction of regulatory requirements in various jurisdictions and the Company’s anticipated use of the net proceeds of the Offering. Forward looking statements involve risks, uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators, which could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements.
Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Jeff Kendrick – President and Chief Executive Officer
Phone: (403) 219-0484
Glen Akselrod – President, Bristol Capital
Phone: (905) 326 1888 ext 1
Jeff Walker, The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915