Ecolomondo Announces an Expanded Leadership Team

Ecolomondo Corporation (TSXV: ECM) (OTC: ECLMF) (the “Company” or “Ecolomondo”), a cleantech company specializing in the commercialization of its Thermal Decomposition Process (“TDP”) proprietary recycling technology and the global deployment of TDP turnkey facilities, is pleased to announce that it is has expanded its leadership team.

The Company is pleased to announce that Mr. Nimish Sethi, Eng., MBA, has been nominated Facility General Manager for its Hawkesbury TDP facility. As the new Facility General Manager, Mr. Sethi will supervise the start of commercial operations. In particular, he will complete the hiring of production and maintenance teams and implement protocols and processes, including ISO, ISCC and ESG programs. The Facility will further benefit from his experience in process optimization and manufacturing areas.

The Company has fully funded $45 million in the construction and commissioning costs that were needed to build the Hawkesbury 2-reactor TDP facility. The plant is expected to process 12,786 metric tons of scrap tires per year to produce 4,200 metric tons of recovered carbon black, 5,200 metric tons of oil, 1,430 metric tons of steel, 1,270 metric tons of process gas and 675 metric tons of fiber. Revenue streams of the Hawkesbury facility will come from the sale of the recovered end-products, more precisely carbon black, oil, steel and fiber, while the syngas will be consumed in the process.

Mr. Sethi brings with him a wealth of experience in manufacturing and engineering from several industries, including over 7 years in the automotive industry and in consulting firms on engineering processes and strategic management. Nimish is particularly experienced in process optimization and improvement of strategic operational efficiencies for manufacturing and digital services. He holds a Bachelor’s in mechanical engineering, a Master’s in environmental sciences and an MBA from Sprott School of Business, Carleton University.

The Company is also pleased to announce that Mr. Vaizag Mehta, MBA, joins the Ecolomondo team as Executive Assistant to the Chief Executive Officer, Eliot Sorella. He will assist Mr. Sorella in the general management and supervision of the Company. Mr. Mehta will greatly contribute to financial activities of the Company with his strong experience in financial, accounting and corporate management. He has worked many years in equity markets, accounting and auditing. Vaizag holds an MBA degree in Finance from Carleton University and is a CPA and CFA.