Cleantech

Northstar Clean Technologies Inc. (TSXV: ROOF) ("Northstar" or the "Company") is pleased to announce the appointment of Mr. Aidan Mills as Chief Executive Officer ("CEO") of the Company. Mr. Mills will begin effective immediately on a part-time basis and assume the full role of CEO effective September 1, 2021 . Mr. Currie will continue to serve in his role as CEO on an interim basis until the full transition occurs on September 1, 2021 after which time he will resign as an officer of the Company. Mr. Currie will continue to serve on the Company's board of directors. Mr. Mills will oversee future development of the Company as it transitions from its Empower Facility and evaluates potential expansion opportunities.

Northstar Clean Technologies Inc. logo (CNW Group/Northstar Clean Technologies Inc.)

Mr. Aidan Mills is a highly experienced executive with over 30 years of global experience. He spent 19 years with British Petroleum (BP) plc, which included roles from his start as a Graduate Control Engineer through Project and Maintenance Engineering, Corporate Strategy, UK Commercial gas and power development and North American Origination to a role as a Senior Vice President in Calgary with accountability for trading, asset and customer development and management. Mr. Mills then spent 5 years as Vice President, Commodity Marketing and Supply with Husky Energy in Calgary and 2 years as Managing Director with Goldman Sachs.  Following a role as VP Downstream for MEG, Mr. Mills was most recently Chief Commercial Officer at the Friesen Group of Companies, a privately owned Calgary business.  Mr. Mills is a Chartered Engineer ( C.Eng .) (UK), holds a Bachelor of Engineering Degree in Electrical and Electronics Engineering from Edinburgh University , and a Master of Business Administration with Distinction Degree from the Edinburgh Business School.

Aidan Mills , Northstar's incoming CEO, stated, "I am extremely excited about this opportunity to join a new emerging cleantech company in Canada . Northstar's team has developed a proprietary process that effectively and efficiently recovers and repurposes over 99% of asphalt shingles. I am excited about the job ahead, which includes the optimization of Northstar's Bitumen Extraction and Separation Technology ("BEST") for our first expansion facility and the delivery of our exciting growth pipeline. With the numerous years of experience in oil and gas, I wanted to be part of the solutions that are emerging in hydrocarbon management and waste reduction. Our mission is to offer industry, government (municipally, provincially and federally) and the environment the ability to stop single-use asphalt shingles from entering landfills. This will significantly contribute to the "circular economy" and provide effective CO2 reduction and carbon lifecycle benefits. How we treat waste is fundamentally changing and I look forward to helping make a difference in our world by ensuring Northstar rapidly transitions into the commercialization phase. I am thankful for this opportunity, and I am excited to integrate into the Northstar team and lead the Company on its ambitious growth path."

James Currie , Northstar's Executive Chairman, stated, "On behalf of the Board of Directors, we are thrilled to announce Aidan's appointment as the new leader of the Company. The Board is confident that Aidan, along with the rest of the Northstar leadership team, will be able to execute on our business plan to ramp-up our Empower Facility in Delta, BC to commercial production and to later evaluate Canadian and US expansion opportunities. He brings a highly trained engineering-focused skillset to the Company as we enter this next critical phase of growth. His global experience with major international corporations speaks for itself and will ensure that the Company is well-poised for growth. He will continue to build upon the foundation we have built at Northstar as we pursue our goal of becoming a leading single-use asphalt shingle material recovery provider in North America . On behalf of the Board of Directors, we would like to sincerely thank Neil for his leadership and tireless efforts in helping the Company get to this stage. Neil made significant achievements in a short time as CEO, including the completion of a non-brokered private placement offering for aggregate proceeds of approximately $12.24 million and the successful listing of Northstar's common shares on the TSX Venture Exchange. He leaves Northstar in a strong financial position and we look forward to his continued involvement as a director of the Company."

Neil Currie , Northstar's outgoing CEO, stated, "I am proud of what we have accomplished during my time as CEO of Northstar and I am excited for the wealth of experience and expertise that Aidan will bring to the Company as we enter into our next phase of growth. I will be staying on until Aidan is able to assume the full-time role and look forward to ensuring a smooth and successful transition."

In addition, the Company has granted an aggregate of 1,800,000 stock options (the "Options") to purchase up to 1,800,000 common shares of the Company to certain directors and officers of the Company. All Options have an exercise price of $0.35 per share, expire five years from the date of grant, and shall vest in four equal installments with the first installment of 25% vesting on the date that is three months after the date of grant and an additional 25% of the total number of Options granted vesting on the last business day of each three month period thereafter.

For further information about Northstar, please visit www.northstarcleantech.com . The Company's final prospectus dated June 18, 2021 , among other documents, is available on the Company's profile page on SEDAR at www.sedar.com

On Behalf of the Board of Directors,

Neil Currie
Director
Office: 604 569 2209
Email: neil@northstarcleantech.com

About Northstar

Northstar Clean Technologies Inc. is a Vancouver -based clean technology company focused on the recovery and repurposing of single-use asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate sands and fiber for usage in new hot mix asphalt, construction products and other industrial applications. Northstar plans to process used or defective asphalt shingle waste back into its three primary components for reuse/resale at its Empower Facility in Delta, British Columbia . Northstar's mission is to be one of the leading shingle material recovery providers in North America , extracting 99% of the recovered components from asphalt shingles that would otherwise be sent to a landfill.

Cautionary Statement on Forward-Looking Information

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. The TSXV has neither approved nor disapproved the contents of this press release.

This press release may contain forward–looking information within the meaning of applicable securities legislation, including statements with regards to the expected timing of the transition period for Mr. Mills to replace Mr. Currie as CEO, the execution of the Company's business plan including the optimization of the BEST, the potential for expansion facilities in Canada and the US, and the expected environmental and economics benefits of the Company's products, which forward–looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. Forward–looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward–looking information. Such risks and uncertainties include, but are not limited to, failure to satisfy all of the conditions to complete the Listing, and the factors discussed under "Risk Factors" in the final prospectus of the Company dated June 18, 2021 . The Company does not undertake any obligation to update such forward–looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.

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SOURCE Northstar Clean Technologies Inc.

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What is Cleantech Investing?

What is Cleantech Investing?

Clean technology, or cleantech, refers to products, services and technologies that reduce negative environmental impacts through improving energy efficiency, the sustainable use of resources or environmental protection activities.

Cleantech spans several industry verticals, including: renewable energy generation, energy storage, energy efficiency, transportation, air and environment, clean industry, water and agriculture. Together, this array of sectors constitutes much of the diverse market of cleantech investing.

The key trends dominating the global cleantech sector in 2022 are energy storage, electric vehicles (EVs), hydrogen solutions and carbon capture. Read on for more of what the space looks like today.

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Top 5 Canadian Cleantech Stocks of 2022

Click here to read the previous top Canadian cleantech stocks article.

Investment in renewable energy and clean technology continues to grow. Despite setbacks due to COVID-19, global green recovery efforts have been a boon for the cleantech market.

Analysts see a few key trends dominating the cleantech sector worldwide, such as offshore wind energy, agricultural technology, electric vehicles (EVs), EV infrastructure and clean energy commercial long-haul transportation solutions, including hydrogen and energy storage installations.

With 2022 in full swing, here’s a look at the top Canadian cleantech stocks on the TSX and TSXV. CSE-listed stocks were considered, but none made the cut. All companies listed had market caps of at least C$10 million as of July 14, 2022. Numbers and figures were current at that time, with data gathered using TradingView’s stock screener.

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STEER EV Subscription Platform Expands to Texas

Facedrive Inc. (" STEER " or " the Company ") (TSXV: FD) (OTCQX: FDVRF), an integrated ESG technology platform, is pleased to announce that STEER EV, the Company's electric vehicle (" EV ") subscription-based service, has added a new service area, Texas to its US operations. The service is immediately available to the residents of the state, with the regional hub situated in Austin. STEER EV has been growing its fleet in Q1 - Q2 2022, and plans an ambitious expansion trajectory both in fleet size and geographical presence for Q3 through Q4.

STEER EV Subscription Platform Expands to Texas (CNW Group/Facedrive Inc.)

STEER EV, a technology-driven EV subscription platform, was acquired by the Company from Exelorate Enterprises LLC, a subsidiary of Exelon Corporation (NASDAQ: EXC), in September 2020 . STEER EV was created to challenge the traditional car ownership model and accelerate the general public's switchover to environmentally friendly transportation through an automobile subscription service. The Company feels its turnkey month-to-month model – which includes insurance, maintenance, vehicle swaps and concierge delivery – presents an attractive alternative for customers seeking a time-efficient and hassle-free service.

The Company sees STEER's EV subscription business capitalizing on two mega-trends in the personal transport industry. The global electric vehicle market is expected to grow at an appreciable rate of 26.8% CAGR from 2021 to 2030 1 , and consumers are increasingly opting for more flexible driving options such as per-use or subscription-based services instead of traditional car ownership. STEER EV's expansion into Texas is also a critical step in the scaling up of the Company's operations, as this state represents the second largest car market in the United States . 2

In the first phase of its launch in Texas , STEER's fleet will consist of Tesla Model S for the "Premier Performance" tier, Tesla Model Y for the "Preferred Plus" tier and Tesla Model 3 vehicles for the "Preferred" tier. The Company feels the local market response has been particularly strong and has already resulted in significant oversubscription, based on the Company's current capacity levels in the region. STEER plans to meet this demand by continuing to scale up operations, including adding more vehicles to the fleet in the weeks to follow.

STEER's expansion to Texas comes within the context of rising gas prices, coupled with growing public attention to the issue of climate change and governments' intensifying efforts to mitigate these effects. As an ESG ecosystem, STEER is committed to addressing environmental, social and governance concerns, and will continue working towards a better future alongside responsible governments, businesses and individuals. Capitalizing on the ongoing dramatic shift in the automotive industry and consumer behavior patterns, the Company's STEER EV division has embraced the rising global trends of environmental consciousness and sharing economy.

STEER EV aims to combine the compelling story behind STEER's vision with excellent customer service standards and a commitment to operational excellence. Its customer signup process is easy and can be started in one click on the official STEER EV mobile app in IOS and Android app stores, while more information on the service and support options is available on the STEER EV website www.steerev.com . STEER's all-in subscription price for an EV vehicle includes driver essentials such as insurance, routine maintenance and repair, and a concierge service that removes the hassle of car ownership while enabling seamless vehicle swaps. STEER's seamless user experience, bespoke concierge service and growing fleet enables it to aspire for a leadership position in the industry and grow a loyal fan base in its existing markets.

"The launch of STEER EV to Texas, USA , marks an important next step in the platform's North American expansion and reflects the ever-growing demand for environmentally responsible transport by both individuals and enterprises. Furthermore, STEER EV meets an unfulfilled demand in the marketplace for a turnkey car subscription service. Having proved the efficacy and the popularity of the STEER business model in our Washington and Toronto markets, we are focused on replicating its success in Texas and offer hassle-free and flexible access to high-quality EV's to the state's residents. After Texas , our nationwide rollout will continue with the launch in Florida which is anticipated in the next 60 days, followed by launches in British Columbia and California ," said Suman Pushparajah , CEO of STEER.

About the Company

STEER is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The Company's goal is to build a one-of-a-kind system that aggregates conscientious users, through a series of connected offerings, and enables them to buy, sell, or invest with the same platform, STEER. The Company's offerings generally fall into two categories: subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating delivery, B2B marketplace, Delivery-as-a-Service (DaaS) and rideshare businesses. The Company's platform is also powered by EcoCRED, its big data, analytics and machine learning engine which seeks to capture, analyze, parse and report on key data points in ways that measure the Company's impact on carbon reductions and offsets.

For more about the Company, visit www.facedrive.com .
Suman Pushparajah , CEO
suman@facedrive.com
STEER
100 Consilium Pl, Unit 400
Scarborough, ON
Canada M1H 3E3
www.facedrive.com

Forward-Looking Information

Certain information in this press release contains forward-looking information, including with respect to the Company's business, operations and condition, management's objectives, strategies, beliefs and intentions, and the company's forward plans to rebrand. This information is based on management's reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events, such as those pertaining to the Company's launch in Texas and intended fleet growth, may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.

See "Forward-Looking Information" and "Risk Factors" in the Company's Annual Management Discussion & Analysis (MD&A) for the year ended December 31, 2021 (filed on SEDAR on May 2, 2022 ) and its interim MD&A for the period ended March 31, 2022 (filed on SEDAR on May 30, 2022 ) for a discussion of the uncertainties, risks and assumptions associated with these statements and other risks. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no 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 securities legislation and regulatory requirements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

STEER Logo (CNW Group/Facedrive Inc.)

SOURCE Facedrive Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2022/05/c4012.html

News Provided by Canada Newswire via QuoteMedia

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How to Invest in Cleantech

How to Invest in Cleantech

There’s no denying the importance of the cleantech sector — even more so as climate change continues to be a growing concern on a global level.

It should come as no surprise, then, that interest in the cleantech sector is making waves, and there’s no shortage of opportunities available for the cleantech investor.

For example, according to Fortune Business Insights, the global market for green technology will be worth US$51.09 billion by 2029. These technologies include those targeting green building, agriculture, air and water pollution monitoring and carbon footprint management.

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