- Technology acquirer Sparta Capital (TSXV:SAY) announces that its e-waste division, ERS, will integrate AI-powered NeoSort nanotechnology into its operations
- The nanotechnology uses Lidar to identify materials based on their chemical properties, promising near-perfect accuracy, significantly lower capital expenditures and an attractive return on investment
- Sparta Capital integrates emerging technologies through a decentralized business model
- Sparta Capital stock is down by 25 per cent year-over-year and by 70 per cent since 2019
Technology acquirer Sparta Capital (TSXV:SAY) announces that its e-waste division, ERS, will integrate AI-powered NeoSort nanotechnology into its operations.
The nanotechnology will enable ERS to sort through hard-to-recycle materials such as plastic and electronic waste and potentially unlock untapped efficiency in the recycling industry.
NeoSort uses Lidar to identify materials based on their chemical properties, prompting its AI system to scan each item on the conveyor belt almost one thousand times. This yields an up to 98 to 99 per cent accuracy rate at about five metric tons per hour, an up to 65 per cent return on investment in the first year and total capital expenditure reductions of up to 85 per cent.
Sparta holds exclusive rights to deploy NeoSort for electronic waste recycling in Canada.
Leadership insights
“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,” Tony Peticca, Sparta Capital’s president, said in a statement.
“NeoSort fits the ERS profile. We believe innovation is the way forward to address environmental concerns,” added Joseph Cimorelli, ERS’s director of global business development. “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.”
About Sparta Capital
Sparta Capital integrates emerging technologies through a decentralized business model. The company’s divisions include Environment, Health and Transportation.
Sparta Capital stock (TSXV:SAY) is unchanged trading at C$0.015 per share as of 9:54 am ET. The stock is down by 25 per cent year-over-year and by 70 per cent since 2019.
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(Top image, generated by AI: Adobe Stock)