ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B)
(OTCQB: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”) is
pleased to announce that it has entered into a strategic
partnership with Fiùtur, a digital verification network ecosystem,
to accelerate the scalable aggregation, verification,
standardization, and delivery of environmental data for carbon
credit issuance. Through this partnership, Zefiro aims to address
deficiencies in the carbon markets, with respect to auditable data
and end-to-end transparency. The partnership combines Zefiro’s deep
knowledge in methane measurement and abatement with advanced
data-driven screening, operational data capture, and ongoing
monitoring to ensure integrity through the generation of immutable,
large-scale reference data sets in accordance with Fiùtur’s SMART
Data Governance Framework, addressing immediate market challenges
in voluntary carbon markets.
Zefiro has entered into a strategic partnership
with Fiùtur, which is a digital verification network ecosystem
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The Zefiro Lifecycle Solution will harness the interoperability
of Fiùtur’s SMART ID enabled partner ecosystem to create “digital
lineage” between real-world data collection in its field
operations, including wellhead-level leak readings and transparent
quantification of emissions removal data from completed projects to
support the issuance and delivery of transferable claims, including
offsets, insets and data products, via institutional-level
distribution channels enabled by Fiùtur. By collecting this data
digitally, Zefiro will also be able to perform advanced analytics
to target leaking wells, and reduce operational costs as well as
cycle time.
The partnership embraces the immediate need for transparency and
integrity in environmental markets while also acknowledging the
vast potential of interoperability with emerging network tools such
as Xpansiv Connect and the Canton network.
Zefiro Founder and CEO Talal Debs commented, “Institutions face
significant barriers to accessing verifiable and high-quality
environmental solutions, including emission offsets. Zefiro
seeks to overcome these barriers as a means to accomplish our
mission: solving the environmental challenge of abandoned and
orphaned oil and gas wells and the methane they emit. Data
limitations are a major problem for these markets
today. Fiùtur’s highly sophisticated platform will help ensure
that Zefiro embeds the rich digital data, and provenance, that
institutional markets increasingly demand. As a result, we see
Fiùtur as a thought leader and a key ally. We expect this step will
enable Zefiro to deliver more high-quality environmental
contract volumes to our existing customer base as well as to open
up numerous new buyers and delivery channels.”
As part of this strategic partnership, Zefiro has invested in
Fiùtur’s Series A round, underscoring the potential of this
collaboration to drive substantial progress for Zefiro’s
environmental remediation services.
Fiùtur CEO Joe Madden commented, “We have drawn on years of
unique experience across a multi-disciplinary team to create the
technology, ecosystem, and governance necessary for market
participants and technology providers to interact and build
demand-driven products for the transition economy across sectors.
Zefiro’s vision of a digital future and their unique commercial
approach are poised to elevate these markets to new levels of scale
and integrity.”
The Zefiro Lifecycle Solution is set to launch in Q4 2024.
More information about Fiùtur can be found on its website:
https://www.fiuturx.com/
Zefiro also announces that it has retained CDMG, Inc. ("CDMG")
of Nashville, Tennessee to provide advertising and marketing
services. The two-month contract provides for total payment of USD
$300,000.
Reporters/Media: For any questions or to
arrange an interview with Dr. Debs or Mr. Madden, please contact
Rich Myers of Profile Advisors (New York City) by email at
media@zefiromethane.com or by telephone at +1 (347) 774-1125.
About Fiùtur
Fiùtur is a digital verification network ecosystem and has
developed an open architecture to enable the programmatic encoding
of governance and commercial terms across transparent, digitally
enforced and automated measurement, reporting and verification
(dMRV) protocols. The platform enables an ecosystem of market
participants to deliver provable, real-world outcomes to global
markets. The Fiùtur ecosystem incorporates financial institutions
and other capital providers, proprietary and public data sources,
insurers, technical firms, certification bodies, industry players,
project developers, environmental-commodity registries and markets,
corporates, and a myriad of others. To find out more about Fiùtur,
please visit www.fiuturx.com.
About Zefiro Methane Corp.
Zefiro is an environmental services company, specializing in
methane abatement. Zefiro strives to be a key commercial force
towards Active Sustainability. Leveraging decades of operational
expertise, Zefiro is building a new toolkit to clean up air, land,
and water sources directly impacted by methane leaks. The Company
has built a fully integrated ground operation driven by an
innovative monetization solution for the emerging methane abatement
marketplace. As an originator of high-quality U.S.-based methane
offsets, Zefiro aims to generate long-term economic, environmental,
and social returns.
On behalf of the Board of Directors of the Company,
ZEFIRO METHANE CORP.
“Talal Debs”
Talal Debs, Founder & CEO
For further information, please contact:
Zefiro Investor Relations1 (800) 274-ZEFI
(274-9334)investor@zefiromethane.com
For media inquiries, please contact:
Rich Myers - Profile Advisors (New York)media@zefiromethane.com
+1 (347) 774-1125
Forward-Looking Statements
This news release contains “forward-looking information” within
the meaning of applicable Canadian securities legislation.
Forward-looking information is often, but not always, identified by
the use of words such as “seeks”, “believes”, “plans”, “expects”,
“intends”, “estimates”, “anticipates” and statements that an event
or result “may”, “will”, “should”, “could” or “might” occur or be
achieved and other similar expressions. In particular, this news
release contains forward-looking information including statements
regarding: the Company’s intention to reduce emissions from
end-of-life oil and gas wells and eliminate methane gas; the
Company’s partnerships with industry operators, state agencies, and
federal governments; the Company’s expectations for continued
increases in revenues and EBITDA growth as a result of these
partnerships; the Company’s intentions to build out its presence in
the United States; the anticipated federal funding for orphaned
well site plugging, remediation and restoring activities; the
Company’s expectations to become a growing environmental services
company; the Company’s ability to provide institutional and retail
investors alike with the opportunity to join the Active
Sustainability movement; the Company’s ability to generate
long-term economic, environmental, and social returns; and other
statements regarding the Company’s business and the industry in
which the Company operates. The forward-looking information
reflects management’s current expectations based on information
currently available and are subject to a number of risks and
uncertainties that may cause outcomes to differ materially from
those discussed in the forward-looking information. Although the
Company believes that the assumptions and factors used in preparing
the forward-looking information are reasonable, undue reliance
should not be placed on such information and no assurance can be
given that such events will occur in the disclosed timeframes or at
all. Factors that could cause actual results or events to differ
materially from current expectations include, but are not limited
to: (i) adverse general market and economic conditions; (ii)
changes to and price and volume volatility in the carbon market;
(iii) changes to the regulatory landscape and global policies
applicable to the Company's business; (iv) failure to obtain all
necessary regulatory approvals; and (v) other risk factors set
forth in its Prospectus dated April 8, 2024 under the heading “Risk
Factors”. The Company operates in a rapidly evolving environment
where technologies are in the early stage of adoption. New risk
factors emerge from time to time, and it is impossible for the
Company’s management to predict all risk factors, nor can the
Company assess the impact of all factors on Company’s business or
the extent to which any factor, or combination of factors, may
cause actual results to differ from those contained in any
forward-looking information. Forward-looking information in this
news release is based on the opinions and assumptions of management
considered reasonable as of the date hereof, including, but not
limited to, the assumption that general business and economic
conditions will not change in a materially adverse manner. Although
the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information. The forward-looking information included in this news
release is made as of the date of this news release and the Company
expressly disclaims any intention or obligation to update or revise
any forward-looking information whether as a result of new
information, future events or otherwise, except as required by
applicable law.
Statement Regarding Third-Party Investor Relations
Firms
Disclosures relating to investor relations firms
retained by Zefiro Methane Corp. can be found under the Company's
profile on SEDAR+ at www.sedarplus.ca/.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0552f4ca-a6f6-4923-8ddc-87ba70b3bbe0
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