Cleango Innovations Inc Enters Global Remediation Market with Agritech BC Joint Venture LOI

Executive Summary

• CleanGo Innovations Inc. and Agritech BC have signed a non‑binding Letter of Intent to form a 50/50 joint venture focused on commercializing Agritech’s bioremediation technologies.
• Under the proposed arrangement, CleanGo will also acquire a 49 % equity stake in Agritech, subject to due diligence and definitive agreements.
• The JV will target the rapidly expanding global bioremediation market (estimated $19.8 bn in 2025, projected $59.5 bn by 2034) and will leverage CleanGo’s international distribution network for worldwide rollout of three proprietary systems: MycoSet™, BioIngress™ and PhytoCentra™.

Key Details

• Letter of Intent (LOI): Executed on October 13, 2025; non‑binding, outlines intent to create a 50/50 joint venture and a parallel 49 % equity acquisition by CleanGo in Agritech.
• Joint Venture Scope: Co‑development, global marketing, and commercialization of Agritech’s core bioremediation solutions.
• Equity Transaction: CleanGo proposes to purchase 49 % of Agritech; terms pending final negotiation and board approvals.
• Target Technologies:
• MycoSet™ Delivery System – fungal‑based micro‑embolization platform for soil and water restoration.
• BioIngress™ Biostimulant System – microbial enhancer accelerating degradation of contaminants.
• PhytoCentra™ Surfactant System – plant‑derived biosurfactant improving pollutant bioavailability.
• Market Opportunity: Global bioremediation market valued at $19.8 bn (2025) with a projected CAGR of 13 % to reach $59.5 bn by 2034 (Dimension Market Research).
• Geographic Focus: United States, Europe, Canada, South America, Middle East – leveraging CleanGo’s existing international footprint for marketing and distribution.
• Governance Structure: Proposed joint board with two directors appointed by each party; shared facilities, technical staff, labs, and field‑testing infrastructure.
• Intellectual Property: Joint ownership of any new or derivative IP created through the collaboration.
• Management Quotes:
• Anthony Sarvucci, Founder & CEO, CleanGo – highlighted the partnership as a “transformative” entry into the multi‑billion‑dollar remediation market and emphasized funding for development and patenting.
• Adam Sexsmith, Agritech BC – noted that the deal provides critical funding and commercial infrastructure to move proprietary science from lab/field success to global deployment.

Notable Quotes

“This partnership is transformative as it provides CleanGo with an immediate and high‑impact entry point into the multi‑billion dollar global environmental remediation market while significantly expanding our green portfolio.” – Anthony Sarvucci, Founder & CEO, CleanGo Innovations Inc.

“Joining forces with CleanGo offers the critical funding and commercial infrastructure needed to transition our proprietary science from lab‑tested and field‑tested success to global commercial deployment.” – Adam Sexsmith, Agritech BC

Forward‑looking statements are included in the release; actual results may differ.