Spectaire Holdings Inc. (NASDAQ: SPEC) (“Spectaire”), a leader in
air quality monitoring and emissions reduction technology, proudly
unveils its latest innovation – the Spectaire Carbon Offset Portal.
This groundbreaking platform redefines the carbon credit landscape,
serving as a comprehensive hub for carbon credit creation and
acquisition. Powered by Spectaire’s proprietary
AireCore™ emissions measurement system, the portal provides
unparalleled detail and transparency for every carbon credit issued
by Spectaire.
The Spectaire Carbon Offset Portal heralds a new
era in the carbon credit market. It empowers buyers with the
ability to scrutinize individual carbon credits issued using
Spectaire’s technology – a stark departure from the traditional
practice of buying generic credit blocks. Each credit, meticulously
quantified using Spectaire’s cutting-edge AireCore™ mass
spectrometers, is searchable in the portal, offering rich details,
such as exact emission reduction locations and specific gases
mitigated, including NOx and CO2. This granular insight, bolstered
by robust underlying data, enhances trust in the additionality and
permanence of each carbon credit.
Targeting the Logistics Industry as its initial
focus, the Portal recognizes the sector’s vast strides in emissions
mitigation technology, especially in late model truck fleets.
Spectaire’s AireCore™ technology now enables these companies
to realize tangible returns on their environmental investments.
Brian Semkiw, CEO of Spectaire,
emphasizes the impact on logistics and heavy-duty trucking – vital
cogs in the global economy: "Approximately ten million trucks
worldwide could immediately generate carbon credits by deploying
AireCore™ to monitor their emissions, thereby rewarding their
commitment to emissions reduction. We are creating a massive market
opportunity as each one of these trucks could earn over 100 credits
per year."
In anticipation of its February 1st, 2024,
launch, the Spectaire Carbon Offset Portal builds upon the initial
sale of 12,500 carbon credits at $60 each – significantly higher
than the current average for voluntary carbon credits. This pricing
underlines the market's trust in the precision and enduring worth
of credits verified by Spectaire.
Alexandra MacMurchie, Executive Vice
President of Sales and Operations at Spectaire, asserts:
“The Portal offers a distinct advantage to both carbon credit
producers and purchasers. It ensures buyers can selectively offset
specific gases in their preferred locations, all supported by our
AireCore™ technology. For commercial truck owners, this means
turning the current cost of emissions reductions into financial
reward.”
Chris Grossman, Chief Commercial Officer
of Spectaire, highlights the transformative approach to
carbon credit data: “We are bringing the detailed mass spectra
readings, integral to each carbon offset we measure to the
forefront. This eliminates uncertainty, allowing the examination of
the foundational data of each credit, influencing both its present
value and future potential.”
The Spectaire Carbon Offset Portal is more than
a platform; it's a paradigm shift in carbon credit transparency and
specificity, aligning environmental responsibility with economic
incentive. Spectaire Holdings Inc. is not just launching a product
– it is reshaping the future of carbon offsetting.
Additional Information: For more details on the
Spectaire Carbon Credit Portal and the AireCore emissions
measurement technology, please visit www.spectaire.com.
About Spectaire
Spectaire Holdings Inc. is at the forefront of
air quality monitoring and emissions reduction technology. Listed
on NASDAQ under SPEC, the company provides innovative solutions
that foster environmental sustainability and corporate
responsibility.
Forward-Looking Statements
This release contains certain forward-looking
statements within the meaning of the federal securities laws,
including statements regarding the anticipated value of Spectaire’s
next-generation carbon credit offsets. These forward-looking
statements generally are identified by the words “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“would,” “will continue,” “will likely result” and similar
expressions.
The forward-looking statements are based on the
current expectations of the management of Spectaire and are
inherently subject to uncertainties and changes in circumstances
and their potential effects and speak only as of the date of such
statement. There can be no assurance that future developments will
be those that have been anticipated. Forward-looking statements
reflect material expectations and assumptions, including, without
limitation, expectations, and assumptions. Such expectations and
assumptions are inherently subject to uncertainties and
contingencies regarding future events and, as such, are subject to
change. Forward-looking statements involve a number of risks,
uncertainties or other factors that may cause actual results or
performance to be materially different from those expressed or
implied by these forward-looking statements. These risks and
uncertainties include, but are not limited to, those discussed and
identified in public filings made by Spectaire with the U.S.
Securities and Exchange Commission (the “SEC”) and the following:
Spectaire’s ability to operate as a going concern; Spectaire’s
requirement of significant additional capital; Spectaire’s limited
operating history; Spectaire’s history of losses; Spectaire’s
ability to attract qualified management; Spectaire’s ability to
adapt to rapid and significant technological change and respond to
introductions of new products in order to remain competitive; the
loss of, or nonperformance by, one or more significant customers;
disruptions of Spectaire’s manufacturing operation; changes in
governmental regulations reducing demand for Spectaire’s products
or increasing Spectaire’s expenses; the effects of global health
crises on Spectaire’s business plans, financial condition and
liquidity; changes or disruptions in the securities markets;
legislative, political or economic developments; Spectaire’s
failure to obtain any necessary permits or comply with laws and
regulations and other regulatory requirements; accidents, equipment
breakdowns, labor disputes or other unanticipated difficulties or
interruptions; potential cost overruns or unanticipated expenses in
development programs; potential legal proceedings; and Spectaire’s
failure to obtain or maintain insurance covering all of Spectaire’s
operations.
Should one or more of these risks or
uncertainties materialize or should any of the assumptions made by
the management of Spectaire prove incorrect, actual results may
vary in material respects from those projected in these
forward-looking statements.
All subsequent written and oral forward-looking
statements concerning matters addressed herein and attributable to
Spectaire or any person acting on its behalf are expressly
qualified in their entirety by the cautionary statements contained
or referred to herein. Except to the extent required by applicable
law or regulation, Spectaire undertakes no obligation to update
these forward-looking statements to reflect events or circumstances
after the date hereof to reflect the occurrence of unanticipated
events.
Press Contact: Chris Grossman,
CGrossman@Spectaire.com
Website: Spectaire.com
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