One World Products Secures First Order for Hemp-Based Reusable Containers, Pioneers Renewable Materials for the Automotive Industry
15 10월 2024 - 9:35PM
InvestorsHub NewsWire
LAS VEGAS, NV -- October 15, 2024 -- InvestorsHub NewsWire
-- One World Products, Inc. (the "Company") (OTCQB:
OWPC), a Nevada-based leader in sustainable industrial
hemp solutions, recently showcased fully validated hemp-based
molded containers - developed for an initial order of 1,400 units
from Flex-N-Gate, a tier 1 supplier to the automotive industry.
These production-ready reusable containers, developed in
collaboration with Flex-N-Gate, ORBIS Corporation, and West
Michigan Compounding (WMC), marked a significant milestone in OWP's
efforts to deliver renewable material solutions for automotive part
packaging applications. The presentation, held in Detroit, served
as a proof-of-concept for wider adoption of sustainable packaging
solutions across the industry.
For decades, the automotive industry has used reusable
containers and pallets to move and protect parts in the supply
chain. Reusable totes are designed for a long service life and
travel hundreds of trips during their life cycle. At the end of
their service life, reusable totes and pallets are fully
recyclable.
Pioneering Renewable Solutions with Trusted
Partners
OWP's proprietary hemp-based renewable materials, developed in
collaboration with Flex-N-Gate, ORBIS, and WMC, are designed to
replace traditional plastics with eco-friendly alternatives. These
solutions enable automakers to reduce their carbon footprint and
support environmental initiatives within the automotive supply
chain. The validation from key partners, including the order from
Flex-N-Gate, underscores OWP's leadership in renewable materials
and its ability to meet the stringent requirements.
"The initial order from Flex-N-Gate highlights the trust our
partners place in our solutions and sets the stage for future
opportunities," said Isiah Thomas, Chairman and CEO of One World
Products. "Our work with Flex-N-Gate, ORBIS, and West Michigan
Compounding demonstrates our collective capability to drive
innovation in renewable materials for automotive applications."
Packaging Innovation: Hemp-Based Solutions for
Automotive Supply Chains
Central to OWP's automotive initiative is an innovative
packaging solution, developed in collaboration with ORBIS and West
Michigan Compounding (WMC). These hemp-based molded containers have
successfully passed rigorous validation trials, proving their
capability to meet the industry's high standards. This sustainable
packaging provides an alternative to traditional plastics, helping
the automotive industry reduce carbon emissions while maintaining
performance and reliability in their supply chains.
"The success of our trials underscores our ability to deliver
cutting-edge renewable solutions that align with the automotive
logistics chain," said Thomas.
Production Ready and Poised for Growth
With the successful initial order of 1,400 reusable containers
from Flex-N-Gate, OWP is well-positioned to further scale
production in collaboration with its trusted partners. The Company
is optimistic about securing new orders and expanding its footprint
in the industry, leveraging its proven capabilities and strong
relationships to drive innovation in automotive packaging
solutions.
"Our ability to scale production, strengthened by our
partnerships, positions OWP for continued growth and expanding our
presence in the automotive industry's sustainability efforts," said
Thomas.
For more information, please visit https://oneworldproducts.com/.
#HempIsTheNewPlastic (TM)
Forward-Looking Statements:
This press release contains "forward-looking statements." Such
statements may be preceded by the words "intends," "may," "will,"
"plans," "expects," "anticipates," "projects," "predicts,"
"estimates," "aims," "believes," "hopes," "potential," or similar
words. Forward-looking statements are not guarantees of future
performance, are based on certain assumptions and are subject to
various known and unknown risks and uncertainties, many of which
are beyond the Company's control, and cannot be predicted or
quantified and consequently, actual results may differ materially
from those expressed or implied by such forward-looking statements.
More detailed information about the Company and the risk factors
that may affect the realization of forward-looking statements is
set forth in the Company's filings with the Securities and Exchange
Commission ("SEC"), including the Company's most recent Annual
Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors
and security holders are urged to read these documents free of
charge on the SEC's website at www.sec.gov.
All forward-looking statements speak only as of the date on
which they are made. The Company undertakes no obligation to update
any forward-looking statement or statements to reflect events or
circumstances after the date on which such statement was made,
except to the extent required by applicable securities laws.
Investor Contact:
ClearThink IR
bloper@clearthink.capital
602-785-4120
One World Products (QB) (USOTC:OWPC)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
One World Products (QB) (USOTC:OWPC)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024