Eco Depot (OTCMKTS: ECDP) announced Wednesday (9/8/21) excellent ASTM test results for its Bronya Climate Shield Facade environmental thermal paint line product from its wholly owned subsidiary, Bronya Canada Group. Yesterday, its stock jumped 22.45% or $0.22 to $1.20. The rise reflects a +60% move in just the past two days. ECDP bounced off its May 2021 low of $0.75 earlier this week which could mean a start of a double bottom rally. The Year high for ECDP is $3.50, achieved in January.
Yesterday’s 22.45% move higher was in heavy volume of 205,755, about double the daily average of 105,289. On Wednesday as the stock started to jump, 64.68% of the total volume was from shorts covering positions. It was the highest percentage ‘short’ trading in ECDP stock since last August 11.
The Bronya Climate Shield Façade Product has been positioned as an eco-friendly thermal paint coating in the battle against Climate Change through energy conservation. It is designed to greatly improve energy savings when applied to a building’s foundations and walls.
Eco Depot (OTCMKTS: ECDP) said that the line’s excellent rating at the SEREX Labs, a Canadian government approved testing center, will mean this product will be at the forefront of construction industry and enable the Company to reach its goal of cutting energy consumption and causing carbon emissions.
SEREX tested the line by the American Standard Testing Method (ASTM) and found “excellent results,” ECDP said. The findings will be filed with the OTC as a corporate supplemental filing, it said.
Tests conducted by the SEREX lab included: transmission of materials, flame spread rate, pull-off adhesion strength, solar reflective measurement and mass per unit measurement.
ECDP said that the results show the efficacy of the Bronya Climate Shield Facade Product line. ECDP said, “These ASTM tests prove efficacy in energy reduction to the product’s application on foundations and envelopes (facades)”. It also asserted that about 15% of all heat loss of commercial, industrial and residential buildings is via basements and floors. This paint line reduces that loss.
ECDP has been aggressive in commercializing the thermal paint line. This includes everything from a new production/distribution plant in Montreal — capable of moving $40 million in product per year — a first time appearance at the National (International) Hardware Show and prime positioning at World Stage conferences.
Now its commercialization plan goes into full force for its renewable energy paint line ‘Bronya Climate Shield’ line of renewable energy paints. Intent on helping clients achieve a 20-40% efficient energy savings, ECDP is being aggressive in producing, raising the profile of and selling globally its ‘Bronya Climate Shield’ environmentally-friendly paint. The market clearly likes what it sees. The line cuts carbon emissions for its clients up to 40%.
ECDP ’s first micro-production facility in Montreal, to open in Q4 2021,will be capable of producing $40 million annually. The company and its Canadian wholly-owned subsidiary are now seeking more locations in North America and Europe for more production plants.
ECDP building the first plant/distribution center is a forerunner of more such units in North America and Europe. The Company is determined to be close to retail clients.
The Bronya Climate Shield line profile will be raised internationally through the Bronya Canada Group — a wholly-owned subsidiary of ECDP — by exhibiting it for the first time at the National Hardware Show in Las Vegas from October 21-23, 2021. Some 20,000 buyers are expected from chains such as Home Depot, Lowe’s, independent hardware stores, home improvement outlets — even contractors, builders, wholesalers, online distributors and anyone involved in this industry will attend.
Read more at https://www.ecdp.co/