Earlier
today, OurPet’s Company (OTCQX: OPCO) announced a partnership with Paulee
Cleantec Ltd., an international leader in the development of eco-friendly
solutions for the management of human and animal waste. Together, the two
companies intend to leverage their extensive intellectual property portfolios
to address the rising environmental impact associated with pet waste. According
to Dr. Steven Tsengas, chairman and chief executive officer of OPCO, the
companies will look toward Paulee Cleantec’s existing proof-of-concept waste
management technology, which uses “an exothermic oxidation process to convert
animal feces into an odor-free ash fertilizer in less than a minute,” as a
starting point in their efforts to “commercialize an initial, portable dog
waste product,” along with other future applications.
“We
are very pleased to partner with OurPet’s and realize the potential of our
technology,” Dr. Oded Halperin, founder and chairman of Paulee Cleantec, added
in this morning’s news release. “We look forward to applying our expertise to
the partnership, as OurPet’s has the innovative technology, the marketing/sales
channels and most of all the strong entrepreneurial drive to bring our mission
to success.”
With
pet ownership figures being on the rise in recent years, the importance of
managing pet waste has become increasingly evident. Municipalities across the
country have imposed stiff fines designed to ensure that pet owners properly
clean up after their pets, and for good reason. Industry studies have linked
pet waste to a number of environmental issues, including contamination of
underground water levels, lakes and streams. In total, it’s estimated that as
much as 30 percent of the bacteria found in typical water samples and up to 50
percent of the bacteria in the air can be linked to dog waste alone.
These
statistics highlight the market potential of an innovative solution to the
growing issue of pet waste. According to the American Pet Products Association
(http://dtn.fm/mPLS6), about 65 percent of U.S. households, some 79.7 million
homes, currently own a pet. This figure is up from just 56 percent in 1988, when
the survey was first conducted. All told, companion dogs in the U.S. produce
roughly 10 million tons of waste annually, and the cat population results in
approximately two million tons of litter sent to landfills each year.
OPCO’s
partnership with Paulee Cleantec is just one channel through which the company
is currently addressing this environmental concern. OurPet’s has over 170
patents issued or pending, many of which relate directly to pet waste
management. The company’s current product offerings in the space include its
Switchgrass Natural Cat Litter with BioChar (http://dtn.fm/Eqn3M); manual and
semiautomatic cat litter boxes; and the innovative SmartScoop® – Intelligent
Litter Box (http://dtn.fm/a9VDE), which uses Wi-Fi and Bluetooth technologies to
help pet owners better manage the waste activity of their furry friends while
simultaneously monitoring pets’ elimination behaviors.
For
more information, visit the company’s website at www.ourpets.com
About
MissionIR
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
