(Source: MARKETWIRE)
PAKIT Inc., a leading clean technology company that has developed a
patented, industry-changing disruptive technology, today announced it
has completed a $5 million financing with Fairfax Financial Holdings
Limited (TSX: FFH)(NYSE: FFH).
The $5 million investment will enable PAKIT to expand its production
capacity to meet equipment orders in the pipeline.
"The agreement with Fairfax strengthens our ability to accelerate
PAKIT's emergence as the dominant global provider of sustainable
technology for producing renewable, compostable and recyclable
consumer product packaging," said Brian Birmingham, PAKIT Inc.'s
President and CEO.
About PAKIT:
PAKIT Inc. develops disruptive technology that enables the production
of renewable, compostable and recyclable packaging for consumer
products on equipment that operates sustainably, using minimal water,
locally available, renewable feedstocks, and non-fossil fuel based
energy, while producing no emissions or effluents. PAKIT is
headquartered in Vancouver, Canada, with research and development
conducted in Norrkoping, Sweden. www.pakitinc.com.
Contacts:
PAKIT Inc.
Brian Birmingham
President & CEO
+1-604-683-3200
info@PAKITinc.com
www.pakitinc.com
SOURCE: PAKIT Inc.
A service of YellowBrix, Inc.
