-
US media outlets to sue Trump administration after White House ban
-
Merz vows to keep ruling coalition together for 'democratic future' of Germany
-
Global stocks rally on lower oil prices, US-China hopes
-
Spain coach De la Fuente gets new deal after World Cup success
-
EU proposes energy rating for data centres
-
Pressure grows on Germany's Merz after election defeats
-
Schoolgirl Yu scorches to second gold as doping case rocks Games
-
China's Zhang beats Japan rivals to Asian Games gymnastics gold
-
Putin's party secures record score in Russia election
-
Samlingen Haupt: Vad pengar avslöjar om oss människor
-
Haupt Koleksiyonu: Paranın Biz İnsanlar Hakkında Anlattıkları
-
Tens of thousands of German auto workers protest to save jobs
-
Spanish PM says unregulated AI could be 'devastating'
-
हॉप्त् कलेक्शन: पैसा हमारे बारे में एक इंसान के रूप में क्या प्रकट करता है
-
Yu, 13, smashes record again with second Asian Games gold
-
Συλλογή Haupt: Τι αποκαλύπτει το χρήμα για εμάς τους ανθρώπους
-
Switzerland to play without Xhaka over fake Covid certificate
-
TradersYard Shifts Focus to Futures Trading
-
From Korean Chipmakers to Leveraged Semiconductor ETFs: STARTRADER Launches 49 New 24/7 Stock and ETF CFDs
-
ハウプト・コレクション:お金が人間について明かすこと
-
Thai badminton player first doping case at Asian Games: testers
-
하우프트 컬렉션: 돈이 우리 인간에 대해 드러내는 것
-
Колекція Гаупта: Що гроші розповідають про нас, людей
-
Indonesia doing 'everything' but struggling to curb fires
-
German far-right AfD poll winner says Merz 'twilight' has begun
-
Sbírka Haupt: Co o nás lidech prozrazují peníze
-
Flights scrapped, evacuations urged as Typhoon Dujuan nears Japan
-
North and South Korea fight out draw in niggly Asian Games clash
-
China confirms Xi to visit US this week for Trump talks
-
Officials say man shot, wounded by ICE agent in Texas
-
مجموعة هاوبت: ما يكشفه المال عنا نحن البشر
-
豪普特收藏:金錢如何揭露人類的本質
-
Colecția Haupt: Ce ne dezvăluie banii despre noi, oamenii
-
Kolekcja Haupta: Co pieniądze mówią o nas, ludziach
-
Sisters of jailed Pakistan ex-PM Imran Khan arrested
-
The Haupt Collection: What Money Reveals About Us as Human Beings
-
African players in Europe: Semenyo brace helps City top table
-
Barcelona enter new era aiming to retain Women's Champions League crown
-
'For my family': India boxer beats hardship, injury to go for Games gold
-
US has deported 25,000 to third countries under secretive deals: report
-
Indonesia doing 'everything' but still struggling to curb fires
-
Three South Korean soldiers injured in DMZ blast: military
-
Once decried as 'human cockfighting', MMA wants Olympic spot
-
New Zealanders pick endangered black robin as Bird of the Year
-
China's Yu, 13, great for swimming says multiple Olympic medallist
-
Asia stocks rise on AI, US-China trade talks optimism
-
Putin's party set to retain power after Russia vote hit by cyberattacks, drones
-
Malaysia's 'elephant whisperer' fights to save Borneo's endangered giants
-
Germany's Merz under pressure after bruising state election losses
-
'I live in fear': 1.5 million Pakistani children sexually exploited online
Sparta’s ERS Indicates the Use of a Unique Nanotechnology Designed to Recycle the Unrecyclable Also Offers Opportunity for Significant Operational Efficiencies
Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
Sparta Group (TSXV:SAY) (the "Corporation", the "Company", "Sparta Group", "Sparta Capital", "SAY.V" or "Sparta", reports that its e-waste division, ERS is poised to do what was once considered 'Impossible" in the recycling industry - identify hard to recycle waste materials and sort them ultimately for reuse. It's part of a move by the Company to not only recycle the unrecyclable using the A.I powered NeoSort nanotechnology, but also make the processing of waste recycling even more efficient.
"It's exciting to know ERS will be able to identify and sort items that previously the world struggled to identify and therefore recycle. It is also huge for the company in the sense that NeoSort will make processing waste a lot faster and efficient. Efficiency at this level equals savings," said Sparta President, Tony Peticca.
A quick review of the NeoSort website will give you a glimpse inside some of the efficiencies ERS is hoping to capitalize on. For example, the nanotech is described as capable of delivering an ROI (Return on Investment) of 65 percent in the first year. According to market analysts, a good ROI on a new piece of technology is typically 20 to 40 percent. In the case of NeoSort, the founders state that the CAPEX (Capital Expenditures) associated with their nanotechnology can be reduced by up to 85 percent.
In a recent news release, Sparta announced that it would have exclusive rights to apply the nanotechnology, NeoSort to e-waste recycling in Canada.
The Powerful Technology
Electronic waste is not only made of metallic materials. Generally, up to 60 percent of total weight in electronics can be plastics. NeoSort combines the power of Lidar (Light Detection and Ranging) and lights into reading of sub-atomic levels of any material. With the help of AI (Artificial Intelligence), the machines scan any material while moving on the conveyor belt at a speed of ten million times per second. Essentially, every shredded piece on the conveyor belt is scanned almost one thousand times before being separated, so the accuracy of the sort ends up being eight hundred and fifty times more than any conventional sorting machine in existence. This can lead to an accuracy rate of 98 to 99 percent at a speed of approximately five metric tonnes per hour. The end goal following the identification and sorting of waste materials is to see materials funneled back into the manufacturing stream, thus achieving full circularity.
"NeoSort fits the ERS profile. We believe innovation is the way forward to address environmental concerns. NeoSort offers so much. We are talking accuracy in waste materials identification at large volumes and at a super speed. We want to lead the way in this new era of intelligent waste management because it means more streamlined processes, reduced environmental impact, enhanced resource recovery, as well as a good bottom line," stated ERS Director of Global Business Development, Joseph Cimorelli.
Fortune Business Insights states that the global nanotechnology market is expected to experience a Compound Annual Growth Rate (CAGR) of close to 20 percent between 2024 and 2032. Nanotechnology has a growing, impactful application across multiple industries.
About Sparta
Sparta Group (a.k.a. Sparta Capital Ltd.) is a technology-based company focused on integrating emerging technologies. It operates with a decentralized business model, with each active business functioning as a separate subsidiary. Sparta's business entities fall into three different divisions: Environment: ERS International, is a waste management operation with its state-of-the-art, proprietary e-waste processing technologies. ERS is dedicated to continuous innovation, as well as increased sustainability and security for both the company and its customers. It offers a unique carbon credit program and has attracted significant attention from companies that deal with big data and the need to reduce carbon footprint. ERS has operations in Canada, the Middle East and South America. Health: Sparta Health Corporation is a vertical harnessing the power of Artificial Intelligence (AI), Machine Learning (ML), and Augmented Reality (AR), to develop technologies that enhance personalized patient care and improve treatment outcomes. Transportation: TruckSuite™, is a comprehensive suite of products and services designed to keep trucks operational and drivers competitive. TruckSuite management believes their offerings can play a pivotal role in enhancing the logistics and transportation industry
Sparta is a publicly traded company listed on the TSXV Venture Exchange Inc. under the symbol "SAY" (TSX.V:SAY). Additional information is available at www.spartagroup.ca or on SEDAR at www.sedar.com.
For more information contact:
Tony Peticca, President
Email: [email protected]
Telephone: 416-648-6506
This above may contain "forward-looking information" within the meaning of applicable securities laws. When used in this address, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Corporation believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, readers are cautioned to not place undue reliance on forward-looking information because the Corporation can give no assurance that they will prove to be correct. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date of publication of this information and the Corporation undertakes no obligation to update such forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Furthermore, the Corporation undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Corporation. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
SOURCE: Sparta Group
A.Taylor--AT