Cleango signs JV, investment LOI with Agritech

Mr. Anthony Sarvucci reports CLEANGO INNOVATIONS INC ENTERS GLOBAL REMEDIATION MARKET WITH AGRITECH BC JOINT VENTURE LOI Cleango Innovations Inc. and Agritech B.C., a pioneer in proprietary bioremediation technologies and applied agricultural science, have executed a non-binding letter of intent (LOI) signed on Oct. 13, 2025, for a proposed 50/50 joint venture and investment partnership in the proposed arm's-length agreement. This strategic collaboration is designed to combine Agritech's scientific platforms and applied agricultural knowledge with Cleango's commercial framework and expansive international distribution networks, targeting the growing global demand for sustainable cleanup methods and working hand in hand with Cleango's green product suite. The proposed joint venture for green technology commercialization The LOI outlines the parties' intent to establish a 50/50 joint venture aimed at the co-development, global marketing and commercialization of Agritech's core bioremediation solutions. In a related transaction, Cleango proposes to acquire a 49-per-cent ownership stake in Agritech. Both transactions are subject to successful due diligence, negotiation of definitive agreements and board approvals. Further details to follow in the coming definitive agreement pending the completion of due diligence. The JV will focus on scaling three key proprietary biotechnologies for environmental restoration projects worldwide: MycoSet delivery system -- a novel, fungal-based microembolization platform for advanced soil and water restoration; BioIngress biostimulant system -- a powerful microbial enhancer designed to significantly accelerate the degradation of environmental contaminants; PhytoCentra surfactant system -- a plant-derived biosurfactant that improves the bioavailability of pollutants, supporting natural phytoremediation efforts. Addressing a rapidly growing market This proposed partnership is strategically timed to capitalize on the global environmental remediation market. The global bioremediation market is estimated to be valued at $19.8-billion (U.S.) in 2025 and is forecasted to reach $59.5-billion (U.S.) by 2034, growing at a compound annual growth rate (CAGR) of 13.0 per cent over the forecast period (source: Dimension Market Research, "Bioremediation Market Size to Reach USD 59.5 bn by 2034"). The combined entity will focus its advanced biological and green chemistry solutions on this segment. Strategic market entry and global reach This joint venture marks Cleango's official entry into the global environmental remediation market. Under the terms of the proposed LOI, Cleango will leverage its global footprint to lead all international marketing, targeting major markets across the United States, Europe, Canada, South America and the Middle East. The partnership will strategically position the JV as a leader in sustainable environmental restoration, directly addressing the need for ESG-compliant (environmental, social and governance) green infrastructure solutions. Furthermore, Cleango's green chemistry and product formulation expertise will be integrated directly into Agritech's biotechnological platforms, with both parties sharing intellectual property rights for new or derivative technologies developed through this collaboration. "This partnership is transformative as it provides Cleango with an immediate and high-impact entry point into the multibillion-dollar global environmental remediation market while significantly expanding our green portfolio," said Anthony Sarvucci, founder and chief executive officer of Cleango Innovations. "By combining Agritech's validated, science-backed systems with our commercial scale and market access, we are creating a company ready to address critical global environmental challenges through sustainable and patented technology. We are committed to funding the development and patenting of these next-generation green solutions." Governance and operations To ensure seamless integration and strategic alignment, the LOI proposes the establishment of a joint board of directors, with each company appointing two members. Both organizations will jointly share facilities, technical staff, laboratories and field-testing infrastructure to create an integrated R&D (research and development) and deployment system. Agritech's scientific and member teams will actively assist in sales, marketing and technical documentation development. About Agritech B.C. Agritech B.C. is focused on proprietary bioremediation technologies and applied agricultural science, utilizing advanced fungal and microbial systems to restore contaminated soil and water resources. Adam Sexsmith of Agritech B.C. stated: "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. Our shared commitment to environmental stewardship will drive the rapid commercialization of MycoSet, BioIngress and PhytoCentra, enabling us to set a new standard for sustainable remediation worldwide." About Cleango Innovations Inc. Cleango Innovations is a leading developer and manufacturer of proprietary green solutions in the residential, oil and gas, marine, and industrial cleaning markets, utilizing green chemistry and commercial infrastructure certified green, non-toxic and sustainable cleaning and industrial solutions. With a focus on innovation and environmental responsibility, Cleango offers a diverse portfolio of products for retail, commercial and industrial applications, including the demanding oil and gas services sector. This joint venture underscores Cleango Innovations' commitment to global expansion and its dedication to fostering a cleaner, greener future for critical industries worldwide. We seek Safe Harbor.