TORONTO, July 12, 2021 (GLOBE NEWSWIRE) — Abaxx Technologies Inc., (NEO:ABXX) (OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial technology (fintech) company, majority shareholder of Abaxx Singapore Pte. Ltd., the Abaxx Commodity Exchange, and producer of the SmarterMarkets™ Podcast, will participate in a SmarterMarkets™ public webcast to discuss emerging trends in voluntary carbon-offset markets following a recent framework report published on July 8 2021 by the Mark Carney-led Taskforce on Scaling Voluntary Carbon Market (“TSVCM”).
SmarterMarkets™ will host the webcast with Zoom webinars (login details below), inviting Abaxx shareholders and general market participants who are interested to learn more about the rapidly evolving market opportunity for voluntary carbon offsets. The webinar will feature industry leading experts including: Bill Pazos, Co-Founder and COO of AirCarbon (“ACX”) and TSVCM advisor, Bruce Tozer, Abaxx Senior Carbon Market advisor, Andy Ertel, CEO of Evolution Markets and Chief Investment Officer of Evolution Environmental Asset Management LP, and Peter Fusaro, Senior Partner, ESG, Oxford Global Accelerated Ventures.
SmarterMarkets™ is a digital media platform for leading long-form discussions on the energy transition and carbon market development. Previous guests including Jeff Currie and Robert Friedland contributed valuable insights on carbon trading and ESG externality pricing of commodities. In Episode-16, Bill Pazos delivered a comprehensive primer on the past and future of voluntary carbon offset markets, and a feature interview with Daniel Yergin will expand on these and other global economic shifting themes in a forthcoming episode.
The webcast will be recorded and will be publicly available on Abaxx’s Investor Relations website at investors.abaxx.tech.
Conference Call Details:
|DATE||Tuesday, July 13th, 2021|
|TIME||09:00 AM Eastern Time|
|LOCATION||Abaxx Technologies Zoom Webinar
Registration is required. Event is limited to the first 1000 registrants.
|QUESTIONS||Please note that the webinar will be muted to all participants excluding the hosts and speakers. To submit questions, please email ahead of time to: [email protected].|
About Abaxx Technologies
Abaxx is a development stage financial software company that has created proprietary technological infrastructure for both global commodity exchanges and the digital marketplace. The Company’s formative technology increases transaction velocity, data security, and facilitates improved risk management for the majority owned, Abaxx Singapore Pte. Ltd. (“ACX”, “Abaxx Commodity Exchange”, or “Abaxx.Exchange”) – a commodity futures exchange that is seeking final regulatory approvals as a Recognized Market Operator (“RMO”) and Approved Clearing House (“ACH”) before the Monetary Authority of Singapore (“MAS”). Abaxx is also the owner of the LabMag and KeMag iron ore assets, resulting from the reverse take-over of New Millennium Iron Corp, and the creator and producer of the SmarterMarkets™ podcast.
About AirCarbon Pte Ltd
AirCarbon Exchange (“ACX”) is a global exchange revolutionising the voluntary carbon market. The exchange currently has a 90-strong client base of corporate entities, financial traders, carbon project developers, and other industry stakeholders. ACX provides its clients with an efficient and transparent trading platform which is easy to use, frictionless and with the lowest commission fees available on the market.
Launched in 2019, the exchange is a hybrid platform with a traditional central order book architecture that will be familiar to all experienced traders. The exchange also utilises the speed and efficiency of the Binance Smart Chain public blockchain to achieve atomic T-0 trade execution, clearing and settlement. The exchange’s core matching engine can currently match trades in the order ~10k per second.
As of May 2021, ACX is the world’s first carbon negative exchange, having offset its carbon emissions 12 months into the future (to May 2022) through the Onil Stoves Guatemala Uspantan project. ACX is committed to continuing to offset all of its emissions 12 months forward.
For more information or to trade carbon, please reach out to [email protected]
or visit www.aircarbon.co
About Evolution Markets and Evolution Environmental Asset Management
Evolution Markets is a global commodities brokerage platform offering seamless trade execution, innovative risk management, and bespoke structured transaction services. Formed in 2000, Evolution Markets serves the global environmental and energy commodity markets from offices in New York, London, Houston, and Singapore. Our experienced team of brokerage and structured transaction specialists began as pioneers in carbon and renewable energy markets, then expanded its reach into a broad set of global energy products, including oil, power, natural gas, coal, and nuclear fuels.
Evolution Environmental Asset Management, LP (“EEAM”) is a cutting-edge asset manager, at the intersection of traditional investment funds and environmental markets. Powered by an investment team with decades of experience in the environmental markets and world-class infrastructure, EEAM is uniquely qualified to capitalize on emerging environmental opportunities. Our goal is to generate significant risk-adjusted returns for investors that not only drive large-scale carbon emissions reductions but also maximize social and environmental impact. Investment decisions are guided by a strict best-in-class ESG framework.
About Peter Fusaro and Oxford GAV Conservation Venture Studio
Oxford GAV Conservation Venture Studio is an innovation aggregator positioned to create a more prosperous and sustainable future by commercializing pioneering conservation and sustainable technologies from Oxford, Stanford and Harvard Universities.
Media and Investor Inquiries:
Abaxx Technologies Inc.
Paris Golab, Head of Investor Relations
Tel: +246 243-3390
E-mail: [email protected]
This News Release includes certain “forward-looking statements” which do not consist of historical facts. Forward-looking statements include estimates and statements that describe Abaxx or the Company’s future plans, objectives or goals, including words to the effect that Abaxx expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “seeking”, “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Abaxx, Abaxx does not provide any assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, Abaxx’ objectives, goals or future plans, statements, timing of the commencement of operations and estimates of market conditions. Such factors include, among others: risks relating to the global economic climate; dilution; the Company’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions, protection of intellectual property rights, contractual risk, third party risk; clearinghouse risk, malicious actor risks, third-party software license risk, system failure risk, risk of technological change; dependence of technical infrastructure, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains. Abaxx has also assumed that no significant events occur outside of Abaxx’ normal course of business.
Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. When relying on Abaxx forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Abaxx does not undertake to update this information at any particular time except as required in accordance with applicable laws. The NEO Exchange does not accept responsibility for the adequacy or accuracy of this press release.