Progressive Planet develops Gladiator SCM

Executive Summary

• Progressive Planet has developed a new supplementary cementing material named "Gladiator SCM," filed a U.S. provisional patent for its composition, and begun trademarking the name in Canada and the U.S.
• The company has hired Dr. Gerhard Albrecht, a former BASF vice-president and polymer scientist, as a scientific consultant to assist with cement chemistry and commercialization efforts.
• The company granted 100,000 stock options to a non-insider consultant, exercisable at $0.29 per share.

Key Details

• Product Development (Gladiator SCM):
  • Developed a second supplementary cementing material named "Gladiator SCM."
  • Filed a U.S. provisional patent application for the composition.
  • Initiated trademark processes in Canada and the U.S.
  • The name references Roman Concrete (e.g., the Pantheon).
  • Composition includes PozGlass and other abundant materials.
  • A sample was supplied to a global cement company for evaluation shortly after the patent filing.
  • Inventors are Steve Harpur, Dr. Doug Brown, and Michael Carrell.
• Hiring / Advisory:
  • Hired Dr. Gerhard Albrecht as a scientific consultant.
  • Dr. Albrecht holds a PhD in polymer science from Friedrich-Schiller University Jena.
  • Former Vice-President at BASF with over 30 years of experience.
  • Creator of over 100 patents and author of more than 30 papers.
  • Role involves solving issues regarding water demand of cement replacement by pozzolanic materials and focusing on commercializing Gladiator SCM.
• Stock Options:
  • Granted up to 100,000 stock options to a company consultant.
  • Exercise price: $0.29 per share.
  • Vesting/Exercise period: Three years from the date of grant.
  • None of the options were issued to directors, officers, or insiders.
  • Granted in accordance with the company's stock option plan and TSX Venture Exchange policies.
• Company Context:
  • Based in Kamloops, B.C.
  • Operates the C-Quester Centre of Sustainable Solutions in Calgary.
  • Products available in over 10,000 retail locations across North America.

Notable Quotes

• Dr. Gerhard Albrecht: "I'm thrilled to be joining a world-class team at Progressive Planet and to see the next generation of cement products hit the market."
• Dr. Doug Brown: "With the imminent opening of our Calgary-based C-Quester Centre of Sustainable Solutions, I am delighted to focus on commercializing Gladiator SCM while collaborating with Dr. Albrecht as we continue to create novel cementing materials designed for strength, longevity and sustainability."