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Overview of Atlantic Pwr & Infrastructure Corp (AWSL)
Atlantic Pwr & Infrastructure Corp is a pioneering company in the field of sustainable infrastructure and environmental technologies. Specializing in transforming recycled tire material into durable, eco‐friendly construction products, the company has developed a comprehensive portfolio that addresses urban safety, environmental stewardship, and infrastructural longevity. Its flagship product, Flexi®-Pave, embodies the company’s core philosophy: to harness innovative technology in order to create flexible, porous, and crack-resistant surfaces that mitigate environmental impacts while offering exceptional performance.
Innovative Technologies and Core Products
The heart of Atlantic Pwr & Infrastructure's operations lies in its proprietary Flexi®-Pave technology. Developed through advanced research and utilizing recycled tire granules, Flexi®-Pave provides a sustainable alternative to traditional paving methods. This material is celebrated for its permeability, which allows for effective stormwater management, reduction of urban heat island effects, and promotion of groundwater recharge. Its crack and trip hazard resistance make it ideally suited for applications ranging from pedestrian walkways and urban parks to shoreline break walls and marine infrastructure projects.
Diverse Applications and Market Segments
Beyond its renowned paving solutions, Atlantic Pwr & Infrastructure has diversified its operations into several key segments:
- Sustainable Infrastructure: With an emphasis on urban development and pedestrian safety, Flexi®-Pave is deployed in high-traffic public areas, educational institutions, and municipal projects where durability and slip resistance are paramount.
- Next Generation Agriculture: Under its agricultural division, the company has introduced innovative solutions that promote regenerative farming practices. Its bio-stimulant product, marketed as Ascogel, aims to optimize soil moisture and enhance crop yields by improving water retention and soil structure.
Atlantic Power & Infrastructure Corp (OTC PINK: AWSL) CEO Kevin Bagnall discussed the company's achievements and future goals in a recent podcast. The event attracted attention from architects and innovation professionals, leading to inquiries about products like Flexi®-Pave, which utilizes recycled tire materials. Bagnall expressed optimism about potential orders stemming from the podcast. The company's products, recognized for sustainability, have been successfully used in notable projects like Yellowstone National Park and Arlington National Cemetery. This exposure is expected to enhance business opportunities moving forward.
Atlantic Power & Infrastructure Corp (OTC PINK: AWSL) reported the successful performance of its Flexi®-Pave product during Hurricane Ian, which hit Fort Myers, FL, with an eight-foot storm surge. Unlike traditional materials, Flexi®-Pave withstood the hydrostatic pressure without damage, as noted by local officials. This highlights its porosity of 3,000 gallons per square foot per hour, allowing for effective water management. CEO Kevin Bagnall emphasized the cost-saving benefits of Flexi®-Pave for infrastructure projects, underscoring its potential in coastal urban planning.
Atlantic Power and Infrastructure's KB Industries UK exhibited at Birmingham's NEC, attracting over 10,000 attendees. The reception for their Flexi-Pave product exceeded expectations, with numerous inquiries for further discussions on installations.
Notable installations include projects in Yellowstone National Park and Kew Botanical Gardens. CEO Kevin Bagnall emphasized the exhibition's success in generating serious interest, indicating plans for participation in future events.
Atlantic Power & Infrastructure Corp. (OTC PINK: AWSL) has received recognition from Scrap Tire News for the increasing demand of its proprietary product, Flexi®-Pave. This product is noted for enhancing safety and health conditions for horse owners through effective water drainage and easy maintenance, reducing the risk of contaminants. Flexi®-Pave, derived from recycled tire granules, has numerous applications in infrastructure projects, showcasing its versatility and sustainability. The company continues to innovate within the environmental technology sector.
Atlantic Power & Infrastructure Corp. (OTC PINK: AWSL) announced the completion of the third phase of its Flexi®-Pave installation at Keeneland Racetrack, totaling 22,140 square feet. The project began in 2019 and enhances safety for horses with improved footing and superior water drainage. The CEO, Kevin Bagnall, highlighted benefits such as reduced maintenance costs and improved environmental conditions. Flexi®-Pave is derived from recycled tires and is used in various infrastructure projects, contributing to sustainable solutions.
Atlantic Power & Infrastructure Corp. (OTC PINK:AWSL) has commenced the installation of Flexi®-Pave on Fremont Street, Las Vegas, enhancing its appeal for visitors and residents. The installation aims to improve safety and aesthetics while managing tree root growth, preventing sidewalk hazards. CEO Kevin Bagnall noted increasing demand from government facilities due to positive recommendations and benefits like reduced maintenance costs. Flexi®-Pave is an eco-friendly paving solution made from recycled tire material, with applications in various infrastructure projects.
Atlantic Power and Infrastructure Corp. (OTC PINK:AWSL) has secured two new contracts for its proprietary Flexi®-Pave installation in Key West, Florida. This innovative product, made from recycled tires, has been installed across more than 50,000 sq. ft. in the area over the past 14 years. The new projects aim to enhance sidewalks and support tree growth, further saving costs on maintenance and potential litigation from trip hazards. CEO Kevin Bagnall emphasized Flexi®-Pave's environmental benefits and aesthetic appeal.
Atlantic Power and Infrastructure Corp. (OTC PINK: AWSL) has successfully installed 4,680 square feet of its proprietary Flexi®-Pave at the Hillsborough County Sheriff's office in Tampa Bay, Florida. This project aims to enhance pedestrian areas while reducing maintenance costs. CEO Kevin Bagnall noted an increase in government referrals for Flexi®-Pave, highlighting its benefits such as visual appeal and environmental sustainability. Flexi®-Pave utilizes recycled tire materials for durable infrastructure solutions, proving effective in various applications from stormwater management to shoreline protection.
Atlantic Power and Infrastructure Corp. (AWSL) reported a remarkable 135% increase in revenues year-over-year for Q2 2022, totaling $2.1 million, up from $0.9 million in Q2 2021 and 39% higher than the $1.5 million in Q1 2022. The company achieved profits of $0.3 million, driven by operating profits of $0.4 million. For the first six months of 2022, revenues reached $3.5 million, compared to $1.1 million in the same period last year. The significant growth is attributed to the acquisition of K.B. Industries, contributing notably to the total revenues.
FAQ
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