Eco Depot (OTCMKTS: ECDP) yesterday (9/14/2021) named Hadelin Carlos Diericx Trouyet new President and CEO with a focus on continuing business development and acquisitions through international organizations. His goal is to establish an international network to acquire companies related to energy efficiency and carbon reduction.
Daniel Gosselin has resigned as president and from the ECDP Board effective immediately, and now will join the Board of wholly-owned subsidiary Bronya Canada Group and become its VP, Operations.
ECDP stock closed at $1.0000 last night, off 10.71%, in higher than average trading volume of 139,192.
ECDP said of Diericx, “His focus at Eco Depot is to build the business internationally by establishing partnerships in different regions and with new clients, suppliers, institutions, governments, and NGO’s for a strengthened value-added network to extend our reach beyond North America.”
Diericx is currently managing partner for SouthLand Group Corporate Finance, an investment banking services company with offices in Houston, Mexico City, Madrid and San Jose, Costa Rica.
From 2006 to date, he has acted as founder/CEO of several companies in Mexico, Latin America plus the U.S. He has successfully created several startups from the ground up — using his management skills to fully deliver on the return and performance goals of shareholders and venture capital investors, the company said.
Recently, ECDP announced “excellent ASTM test results for its Bronya Climate Shield Facade environmental thermal paint line product” from its wholly owned subsidiary, Bronya Canada Group. That triggered the stock to move 22.45% higher in heavy volume of 205,755, about double the daily average of 105,289. Last week, 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. On Monday (September 13, 2021) shorts again dominated at 61.23 of volume, according to the OTC Short Report.
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.
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.
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.
Read more at https://www.ecdp.co/
