RenX Enterprises Expanding Sustainable Growing Media Initiative

RenX Enterprises, Inc. (NASDAQ: RENX) today provided an update on the advancement of its previously disclosed sustainable growing media initiative. The initiative leverages advanced milling and materials-engineering technology from Microtec Development & Holdings ("Microtec"), a company that was acquired by Ara Partners earlier this year. The Company maintains an exclusive license from Microtec for use of the technology in biomass applications in the US.

Microtec's processing and systems-integration capabilities enable RenX to move from single-site production toward a repeatable, multi-facility development model. Microtec operates independently of RenX and was acquired by Ara Partners earlier this year, providing Microtec with expanded capital resources and operational support.