Sydney, February 21, 2024 – Dotz Nano Limited (ASX: DTZ, OTC: DTZNY), a pioneering developer of innovative climate and industrial nanotechnologies, has taken a monumental step in expanding its reach and accessibility to North American investors and partners. Today, the company proudly announced the launch of its Level 1 American Depositary Receipts (ADR) program, a move set to reshape the landscape of carbon capture investments on the US market.
Dotz CEO Sharon Malka stated: “We are excited about this ADR Program as it has broad appeal among US investors and will enable Dotz to proceed on its path of pursuing high accessibility to the US capital markets. With investing in pure-play industrial carbon capture companies mostly undertaken in private markets, , our new ADR program provides US ESG-conscious investors the opportunity to gain exposure to carbon-related investments.”
Scheduled to commence trading in the United States (“US”) on February 20, 2024 Dotz’s ADR will be listed on the US over-the-counter (“OTC”) market under the symbol DTZNY. Each Dotz ADR represents 100 existing ASX-listed ordinary shares.
An ADR is a trading instrument denominated in US dollars that allows US investors to buy shares in non-US companies without the need for cross-border or cross-currency transactions. The establishment of the ADR program is not a new offering of securities, therefore no additional shares will be issued or any capital raised.
Dotz’s ADR will complement its existing primary listing of ordinary shares on the ASX.
About Carbon Capture, Utilisation and Storage (CCUS)
CCUS, or Carbon Capture, Utilization, and Storage, is a process that entails capturing CO2 emissions primarily from significant point sources like power generation or industrial facilities utilizing fossil fuels or biomass. Once captured, if not used on-site, the CO2 is compressed and transported for various applications. It can be utilized in different processes or injected into deep geological formations like depleted oil and gas reservoirs or saline aquifers.
There are now around 40 commercial capture facilities in operation globally, with a total annual capture capacity of more than 45 Mt CO2. Carbon Capture technologies playing a critical role in combating climate change, according to the International Energy Agency (IEA) around 6 Gt CO2 per year is required to be captured in order to meet the Net Zero Emissions by 2050 (NZE) Scenario.
About DOTZearth Carbon Capture Technology
DOTZearth point-source carbon capture technology utilizes plastic waste to produce polymeric nano-porous carbon sorbent tailored to capture and store CO2 gases from flue gas. Developed at Rice University and fully characterized by SINTEF, Europe’s largest research institution for energy and climate technologies, the technology represents the next generation of carbon capture solid sorbents, demonstrating several benefits over existing technologies including energy efficiency, low cost of ownership, and longer lifetime.
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About Dotz Nano Limited
Dotz Nano Limited (ASX: DTZ) is a nanotechnology company developing innovative climate and industrial nano-technologies.
The Company’s primary focus is centered around ground-breaking carbon dioxide (CO2) management technologies leading towards a carbon-neutral future. The company’s proprietary carbon-based solid sorbent, offering an efficient and sustainable approach, facilitating industrial deep decarbonization.
To learn more about Dotz, please visit the website via the following link www.dotz.tech