Aether Catalyst Solutions, Inc. Enters into Non-Disclosure Agreement with Fleetco
October 19, 2021 at 11:18 am EDT
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Aether Catalyst Solutions, Inc. (?ATHR? or the ?Company?) announced that it has entered into a Non-Disclosure Agreement (the ?NDA?) with a large US fleet operator (?Fleetco?) to begin the evaluation and development of Aether's catalyst for use in their fleet of over 150,000 vehicles. Fleetco, with a market cap of greater than USD 10 billion, approached Aether due to increasingly significant losses from catalytic converter theft from its fleet vehicles. Fleetco suffers losses from both the cost of transporting inoperable vehicles and subsequently replacing expensive catalytic converters, as well as having those vehicles out of commission. This is a growing problem for all fleet operators globally, as the cost of Palladium (the most expensive component of catalytic converters) has risen dramatically over the last 5 years. Aether has chosen a catalyst formulation for benchmarking and will scale up that catalyst and ship it to Fleetco for testing at Fleetco's research facility in a vehicle representative of their fleet to begin the project.
Aether Catalyst Solutions, Inc. is a Canada-based clean-air technology company. The Company is engaged in the development and commercialization of catalytic materials, initially for use in gasoline engine automotive emissions abatement, but with other possible applications, including for instance, diesel, stationary power and volatile organic compounds. The Companyâs primary focus has been on catalyst development for the transportation and small motors industries, both significant contributors to urban air pollution. Its subsidiary company explores other applications of its clean-air technology. Its catalytic converter is a vehicle emissions control device, which converts toxic by-products of combustion to less toxic substances by way of catalyzed chemical reactions. Its catalysts can be processed using wash-coating methods. The Company has third-party testing to validate internal performance tests of its catalysts.
AETHER CATALYST SOLUTIONS, INC. 
