Eco Depot Inc. (OTC: ECDP), a Nevada company, is pleased to announce the change of direction due to production issues related to raw material supply out of Odessa, Ukraine and acquisition of technologies related to the construction and infrastructure market.
As the company disclosed in its December 31, 2022 financial statements, its wholly owned subsidiary 9393-7991 Quebec Inc., operating under Bronya Canada Group Inc, has not been unable to source key Nano raw material from its supplier in Ukraine over the past fifteen months.
Bronya Canada Inc was obtaining raw material from Tesma-Lux LLC, Shevchenka Ave,2 Odesa, Odes’ka oblast, Ukraine,65000 to produce its finished product lines in Montreal, Canada. Due to the Russian invasion of Ukraine the company was forced to stop production while searching for a global supplier to meet the costing required to supply its retail clients in North America.
Due to the ongoing challenges, the management has decided to change its direction and is in the process of acquiring and developing a new innovative molecular identification, interpretation, and custom hardware development technology, focused on Homeland Security applications.
This new Hybrid Radio Infrared/Laser Frequency (HRILF) scanning technology revolutionizes molecular analysis in weapons detection. The technology is focused on detecting gun powder, handguns, drugs, explosives, land mines, viruses and bacteria’s related to homeland defence. By combining radio and infrared frequencies, our cost-effective HRILF technology delivers unmatched accuracy and resolution, enabling faster, more efficient analysis of molecular structures. This touchless security screening provides a range of benefits including reliable automated and targeted, high throughput, non-invasive, reduced visitor anxiety, cost effective, reduced physical footprint, and analytic insights.
The company is in the process of completing its market analysis and is looking forward to introducing this innovative technology in the marketplace in the near furture.
About Ekopave International Corp.
Ekopave International Corp has engineered and patented an 8 mm cement polymer-based crust that goes over existing asphalt and is guaranteed to last up to 20 years. Eco Depot has conducted a due diligence on Ekopave’s technology working with Eko-Yol in Europe and North America. Additional information will be forthcoming upon completion of additional testing. The company will continue to pursue Ekopave contracts working with Eko-Yol in Ukraine once the reconstruction process begins. Eco depot Inc will continue to develop its Ekopave product line and search for strategic partners to commercialize the Ekopave technology currently being developed in North America.
ABOUT ECO DEPOT
Eco Depot, Inc. acquires, manages, and develops eco-friendly products. Eco depot's focus is to provide investments, funding, and support for acquisitions, start-ups and technology companies.
Eco Depot is a development stage distributor of eco-friendly products and is publicly traded Over the Counter at (OTC: ECDP).
ECO DEPOT, INC.,
2300 West Sahara Avenue, Suite 800.
Las Vegas, NV, 89102
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This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential," and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it.
Accordingly, such forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the Company's actual results, performance, or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition, or alteration to the information catered in this Press Release, including such forward-looking statements.
SOURCE Eco Depot, Inc.
ECO DEPOT, INC.,