Zeotech's non-binding MOU with Protekta

Zeotech Limited (ASX: $ZEO) has executed a non-binding Memorandum of Understanding (MOU) with Protekta Incorporated, an innovative North American company specializing in animal nutrition products. The MOU establishes the framework for potential negotiations regarding Zeotech's manufactured zeolite product and outlines the possibility of a joint venture or alternative profit sharing structures to advance Zeotech's mineral processing technology in North America.

Executive commentary on collaboration

Zeotech's Chief Executive Officer, Scott Burkhart, expressed enthusiasm about the collaboration, highlighting the potential to supply manufactured zeolite as a key ingredient to one of Protekta's leading animal nutrition products. The MOU provides a framework for ongoing collaboration, aiming to supply a large product sample for further validation and potentially advance the commercial readiness of Zeotech's proprietary mineral processing technology. Protekta's Founder & Chief Executive Officer, Morten Jakobsen, also emphasized the company's commitment to animal wellbeing and the potential use of Zeotech's manufactured zeolite for their primary products.

Summary of the non-binding MOU

Zeotech's non-binding MOU with Protekta signifies a significant step towards potential collaboration in supplying manufactured zeolite for animal nutrition products in North America. The agreement outlines the framework for negotiations and potential offtake agreements, with considerations for joint ventures or alternative profit sharing structures. This collaboration aligns with Zeotech's goal of leveraging proprietary technology for sustainable solutions and addressing sustainability challenges. The company's outlook includes the aim to advance the commercial readiness of its mineral processing technology and expand its presence in the North American market through this strategic partnership.