Latest news with #Ergon
Associated Press
6 days ago
- Business
- Associated Press
Verde and Ergon Sign MOU to Advance Commercialization of Low-Carbon Road Materials
ST. LOUIS, June 4, 2025 /PRNewswire/ -- Verde Resources Inc. (OTCQB: VRDR), a leader in sustainable road construction technologies, announced today that its wholly owned subsidiary, Verde Renewables Inc., has signed a Memorandum of Understanding (MOU) with Ergon Asphalt & Emulsions, Inc., a trusted industry pioneer in asphalt innovation and supply. This marks a major milestone in their growing strategic alliance. The MOU builds on the companies' February 2025 announcement detailing their collaboration to produce a specialized emulsion used in the cold mix biochar-asphalt surface material deployed at the National Center for Asphalt Technology (NCAT) test track. That groundbreaking achievement was made possible by Verde's proprietary emulsifying agent, specifically engineered to enable low-temperature emulsion production with at least 20% fewer greenhouse gas emissions than conventional binders. This innovation also allows for the seamless integration of biochar, a carbon-sequestering material, and facilitates a bonding mechanism with aggregates, resulting in a high-performance Biochar-Asphalt surface course that sets a new benchmark for both durability and environmental impact. In April, this formulation enabled Verde to make history by generating the world's first Carbon Removal Credits from asphalt production and installation, based on the NCAT proof-of-concept project. With this MOU, Verde and Ergon are advancing their partnership to the next level. The companies are now working toward finalizing the commercial terms of an exclusive agreement for the U.S. market while simultaneously initiating a rapid validation of Verde's technology at Paragon, Ergon's state-of-the-art asphalt and materials testing lab. 'When you think of the best and most respected name in asphalt, you think of Ergon,' said Eric Bava, Chief Operating Officer of Verde Resources. 'This partnership is about more than innovation. It's about equipping Ergon, along with its partners, contractors, customers, and broader ecosystem, with practical tools to reduce Scope emissions and further solidify their leadership in sustainable infrastructure.' This partnership will be a key step in Verde's mission to turn sustainability into a competitive advantage, while delivering practical, profitable, and environmentally responsible solutions without compromising performance. 'We want to be on the leading edge of sustainable road materials, and the technologies Verde is bringing to the table make that possible,' said Larry Tomkins, Senior Vice President of Sales & Marketing at Ergon Asphalt & Emulsions. 'This next phase is about accelerating adoption and delivering meaningful change in how roads are built—without sacrificing quality or reliability. We're excited to build on the strong relationship we've developed and look forward to what's ahead with Verde.' With shared momentum and a clear path forward, Verde and Ergon are poised to usher in a new era of modern, low-carbon infrastructure by commercializing a validated technology that aligns sound economics with environmental responsibility at scale. About Verde Resources Inc.: Verde Resources Inc. (OTCQB: VRDR) is a leader in sustainable infrastructure, specializing in innovative and cost-effective solutions to help the industry seamlessly #TransitionToZero™. By integrating proprietary technologies with sustainable practices, Verde is at the forefront of creating low-carbon materials for infrastructure worldwide. About Ergon Asphalt & Emulsions, Inc.: Ergon Asphalt & Emulsions, Inc., a subsidiary of Ergon, Inc., is a leading provider of high-performance asphalt products and technologies. With decades of experience, Ergon specializes in delivering advanced emulsions, polymer modified asphalts, and other solutions that enhance pavement performance and sustainability. Through its state-of-the-art facilities and dedicated technical expertise, Ergon is committed to driving innovation in the asphalt industry. This press release includes forward-looking statements subject to risks and uncertainties that may cause actual results to differ materially. While Verde believes these statements are based on reasonable assumptions, they rely on current information and inherently uncertain future projections. Additional risks and uncertainties are outlined in Verde's SEC filings, which may further impact actual outcomes in this press release. View original content to download multimedia: SOURCE Verde Resources Inc.
Yahoo
6 days ago
- Business
- Yahoo
Verde and Ergon Sign MOU to Advance Commercialization of Low-Carbon Road Materials
ST. LOUIS, June 4, 2025 /PRNewswire/ -- Verde Resources Inc. (OTCQB: VRDR), a leader in sustainable road construction technologies, announced today that its wholly owned subsidiary, Verde Renewables Inc., has signed a Memorandum of Understanding (MOU) with Ergon Asphalt & Emulsions, Inc., a trusted industry pioneer in asphalt innovation and supply. This marks a major milestone in their growing strategic alliance. The MOU builds on the companies' February 2025 announcement detailing their collaboration to produce a specialized emulsion used in the cold mix biochar-asphalt surface material deployed at the National Center for Asphalt Technology (NCAT) test track. That groundbreaking achievement was made possible by Verde's proprietary emulsifying agent, specifically engineered to enable low-temperature emulsion production with at least 20% fewer greenhouse gas emissions than conventional binders. This innovation also allows for the seamless integration of biochar, a carbon-sequestering material, and facilitates a bonding mechanism with aggregates, resulting in a high-performance Biochar-Asphalt surface course that sets a new benchmark for both durability and environmental impact. In April, this formulation enabled Verde to make history by generating the world's first Carbon Removal Credits from asphalt production and installation, based on the NCAT proof-of-concept project. With this MOU, Verde and Ergon are advancing their partnership to the next level. The companies are now working toward finalizing the commercial terms of an exclusive agreement for the U.S. market while simultaneously initiating a rapid validation of Verde's technology at Paragon, Ergon's state-of-the-art asphalt and materials testing lab. "When you think of the best and most respected name in asphalt, you think of Ergon," said Eric Bava, Chief Operating Officer of Verde Resources. "This partnership is about more than innovation. It's about equipping Ergon, along with its partners, contractors, customers, and broader ecosystem, with practical tools to reduce Scope emissions and further solidify their leadership in sustainable infrastructure." This partnership will be a key step in Verde's mission to turn sustainability into a competitive advantage, while delivering practical, profitable, and environmentally responsible solutions without compromising performance. "We want to be on the leading edge of sustainable road materials, and the technologies Verde is bringing to the table make that possible," said Larry Tomkins, Senior Vice President of Sales & Marketing at Ergon Asphalt & Emulsions. "This next phase is about accelerating adoption and delivering meaningful change in how roads are built—without sacrificing quality or reliability. We're excited to build on the strong relationship we've developed and look forward to what's ahead with Verde." With shared momentum and a clear path forward, Verde and Ergon are poised to usher in a new era of modern, low-carbon infrastructure by commercializing a validated technology that aligns sound economics with environmental responsibility at scale. About Verde Resources Inc.: Verde Resources Inc. (OTCQB: VRDR) is a leader in sustainable infrastructure, specializing in innovative and cost-effective solutions to help the industry seamlessly #TransitionToZero™. By integrating proprietary technologies with sustainable practices, Verde is at the forefront of creating low-carbon materials for infrastructure worldwide. About Ergon Asphalt & Emulsions, Inc.: Ergon Asphalt & Emulsions, Inc., a subsidiary of Ergon, Inc., is a leading provider of high-performance asphalt products and technologies. With decades of experience, Ergon specializes in delivering advanced emulsions, polymer modified asphalts, and other solutions that enhance pavement performance and sustainability. Through its state-of-the-art facilities and dedicated technical expertise, Ergon is committed to driving innovation in the asphalt industry. This press release includes forward-looking statements subject to risks and uncertainties that may cause actual results to differ materially. While Verde believes these statements are based on reasonable assumptions, they rely on current information and inherently uncertain future projections. Additional risks and uncertainties are outlined in Verde's SEC filings, which may further impact actual outcomes in this press release. View original content to download multimedia: SOURCE Verde Resources Inc.
Fashion Value Chain
25-04-2025
- Automotive
- Fashion Value Chain
Ergon Labs and Omega Seiki Pvt. Ltd. (OSPL) Announce Strategic Partnership to Launch Integrated Power Converter Technology in Electric Three-Wheelers
Ergon Labs, an emerging leader in light EV powertrain technologies, today announced a strategic partnership with Omega Seiki Pvt. Ltd. (OSPL), one of India's fastest-growing electric vehicle manufacturers. As part of the collaboration, OSPL will be the first OEM to integrate Ergon's cutting-edge Integrated Power Converter (IPC) into its electric three-wheelers, starting with the L5 segment. Further cementing their collaboration, Omega Seiki Pvt. Ltd. has placed an order worth Rs. 50 crore for Ergon's IPC technology to power its upcoming variants. Ergon Labs Integrated Power Converter for Three-wheelers The IPC, a ground-breaking component that combines the on-board charger and motor controller into a single compact unit, delivers unprecedented performance, reliability, and charging convenience for electric three-wheelers. The partnership also includes a strategic investment by Mr. Uday Narang, Founder and Chairman of Omega Seiki Pvt. Ltd., in Ergon Labs. As part of the agreement, Mr. Narang will join Ergon's advisory board. Driving Industry-First Innovations Ergon's IPC unlocks significant advantages for vehicle operators and fleet owners, including: 30% (17 degrees) gradeability – with peak torque operation extended from the industry-standard 1 minute to 3-5 minutes. 50% faster charging – allowing over 50 km of range to be added in under an hour using any standard 15A socket. 30% lower system cost compared to conventional separate on-board chargers and motor controllers. Significant reduction in wiring harness complexity and improved vehicle efficiency. Rigorous on-road testing for over 50,000km and pre-compliance certification processes have been completed, with full certification slated for completion within the next month. Strategic Roadmap and Market Impact The first commercial deployment of 2,000 units is planned across India in FY26, starting with the L5 Passenger segment – a rapidly growing market fuelled by aggregators like Rapido, Ola, and Uber, and increasing adoption in metro cities and regional centres. Omega Seiki Pvt. Ltd's Rs. 50 crore order for Ergon's IPC technology underlines the strong market confidence in this integrated powertrain solution and positions both companies to meet rising demands for higher performance, greater reliability, and lower total cost of ownership in the EV three-wheeler space. The companies are also jointly developing a high-performance L5 Cargo electric vehicle capable of handling over 500 kg payload with a best-in-class 30% gradeability, targeting diesel vehicle replacement in markets such as Kerala and the North East. A Shared Vision for the Future 'This partnership with Omega Seiki is a pivotal milestone in Ergon's mission to bring breakthrough innovations in light EV powertrains to market,' said Ashwin Ramanujam, CEO of Ergon Labs. 'OSM's vehicles will see meaningful improvements in gradeability, payload capacity, and charging reliability – all enabled by deep component integration at both hardware and software levels. This moment represents the culmination of three years of relentless product development by our engineering team. More importantly, it sets the stage for our next major innovation: one-hour home charging for two-wheelers, launching in 2026.' Mr. Uday Narang, Founder and Chairman, Omega Seiki Pvt. Ltd. added, 'After over three decades of bold investments across global financial markets, I returned to India with a mission to drive environmental and economic impact through engineering-led innovation. Omega Seiki Pvt. Ltd. was born out of that vision. My investment in Ergon is a continuation of this commitment. From my first conversation with Ashwin to witnessing their technology's performance first-hand, it was clear that Ergon brings world-class engineering to India's EV ecosystem. I'm excited to partner with this exceptional team and bring their breakthrough product to market.' About Omega Seiki Pvt. Ltd. Omega Seiki Pvt. Ltd., a member of the Anglian Omega Group, is a rapidly growing electric vehicle manufacturer focused on creating sustainable, future-ready mobility solutions for India and global markets. The company has made significant inroads into the electric three-wheeler market, with a fast-expanding dealer network and a growing fleet presence in passenger and cargo applications. About Ergon Labs Ergon Labs is an engineering-led start-up building next-generation powertrain technologies for light electric vehicles. With a vision to redefine charging behaviour and vehicle performance, Ergon's product portfolio – starting with the Integrated Power Converter – integrates hardware and software systems to deliver superior performance, lower costs, and higher reliability.
