Carbonxt Group Ltd. reported three advanced initiatives with respect to the deployment of its proprietary Activated Carbon ("AC") Pellet technology, with expansion centred on the water and wastewater sectors. AC Pellets for deployment in high humidity environments: Significant progress has been made on the testing of AC Pellets specifically designed for deployment within high humidity environments. These pellets have tremendous application in environments such as wastewater treatment plants. The results from recent commercial tests have been encouraging and strong customer leads have resulted. The Company has now engaged an independent laboratory for third party verification on product specifications, which has been very positive. Further field testing has been undertaken on one particular opportunity; again with positive results. Further commercial tests will occur over the coming months. The new product presents a large market opportunity for Carbonxt and is likely to substantially strengthen the company's pipeline of opportunities in the wastewater treatment sector. Marketing initiatives are currently being undertaken to actively promote the product and achieve near-term sales. Nutrient removals from water run-off: Another major test is currently underway in Florida focusing on the use of AC Pellets being used to assist in the removal of harmful nutrients from public waterways. This full- scale test will provide essential data to verify the commercial product and provide third party verification. Initial testing, with harmful pollutants including phosphate and nitrogen being successfully removed. Phosphate and nitrogen in waterways are typically due to the use of chemical farm fertilizers, garden fertilizers and manure. Collaboration on Deployment of AC Pellets to destroy Red Tide Algae: In collaboration with the World renowned Mote Marine Laboratory, and aided by a USD100k government grant, Carbonxt continues to advance the development of an AC Pellet that can be used to destroy harmful Red Tide Algae in the Florida waterways. Recently developed pellet formulations containing natural algaecides have shown excellent promise in killing the algae cells which cause the destructive Red Tide events. Further laboratory tests will be carried out on the most promising candidates to evaluate performance of killing algae and removing toxins released by the algae as it is killed. Next steps are being planned with the Mote Marine Laboratory in order to scale up field testing and commercialisation of the technology.