10:02 AM EDT, 05/02/2024 (MT Newswires) -- Progressive Planet Solutions ( ASHXF ) traded 9% higher early on Thursday after providing the results of 28-day compressive strength tests recently completed on PozPyro, a new cement alternative.

The early success of PozPyro is a significant step forward towards creating more greenhouse gas friendly building materials, Progressive Planet said.

"These results were exceptional and provide us with the technical confidence to take the next steps to bring this product to market," Progressive Planet Chief Executive Steve Harpur said in a statement. "Just in the Pacific Northwest, over one million tons of fly ash will cease to be generated by the summer of 2025 at which time two massive thermal coal to energy facilities will have finished converting from burning coal to natural gas."

Designed in collaboration with Pyrogenesis Canada, PozPyro aims to provide a partial replacement alternative for Portland cement.

Price: 0.13, Change: +0.02, Percent Change: +13.04