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
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