Sacramento, California--(Newsfile Corp. - November 15, 2024) - DevvStream Corp. (NASDAQ: DEVS) ("DevvStream" or the "Company"), a leading carbon credit project co-development and generation firm specializing in technology-based solutions, today announced that it will host a live investor event on November 18, 2024 to provide participants with an update on the company's commercial progress as well as long-term goals and overall business health. Management presentations and discussions will be live webcast by Investor Update at 12:00 PM ET / 9:00 AM PT.
The investor event will be held in the wake of significant developments surrounding Article 6.4 of the Paris Agreement, which provides an overarching structure for countries to collaborate in meeting their climate objectives via participation in the carbon market. On November 11, 2024, during the 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change in Baku, Azerbaijan, Article 6.4 was updated with new standards intended to enhance climate efforts by increasing the demand for carbon credit projects while directing financial resources toward developing nations. The advancement of Article 6.4 follows recent action by a UN-endorsed supervisory body responsible for establishing a global carbon crediting system, which finalized crucial standards related to carbon removals and the development of crediting projects during a meeting in Baku during October. The mechanism is anticipated to play a vital role in helping countries achieve emissions targets by enabling credit exchanges linked to specific climate actions, such as phasing out fossil fuels or boosting renewable energy production. Plans for implementation are expected to begin early in 2025.
About DevvStream
Founded in 2021, DevvStream is a leading authority in the use of technology in carbon project development. The Company's mission is to create alignment between sustainability and profitability, helping organizations achieve their climate initiatives while directly improving their financial health. With a pipeline of over 140 technology-based projects worldwide, DevvStream makes it simple for corporations and governments to address their net-zero goals while generating premium carbon credits in the process. DevvStream takes a unique approach to evaluating project opportunities, and co-develops projects spanning energy-efficient buildings, facilities and homes, industrial facilities, LED systems, EV charging stations, and technologies to seal oil wells. The Company's end-to-end proprietary solution removes the risk and complexity from every step, allowing organizations to move from project ideation to credit monetization with ease. The result is a multi-year stream of carbon credit revenue that transforms sustainability into a financial investment. In addition, for organizations that need help to offset their most difficult-to-reduce emissions, we also provide premium carbon credits for purchase.
Disclaimer
Certain statements in this news release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-Looking statements are statements that are not historical facts and generally relate to future events, trends or DevvStream's future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. These forward-looking statements include statements regarding the Company's intentions, beliefs, projections, outlook, analyses and current expectations concerning, among other things, the trends in the carbon credit markets described in this news release, future performance and anticipated financial impacts of certain transactions described in this news release, or the growth of the global carbon credit market value, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by DevvStream and its management are inherently uncertain and subject to material change. Given these risks, uncertainties, and other factors, you should not place undue reliance on these forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties.
These forward-looking statements are expressed in good faith, and DevvStream believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-Looking statements speak only as of the date they are made, and DevvStream is under no obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in filings made by, or to be made by, DevvStream from time to time with the SEC as well as public filings with Canadian securities regulatory authorities. This news release is not an offer to sell or the solicitation of an offer to buy, any securities of the Company and this news release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in DevvStream. This news release is not intended to form the basis of an investment decision in DevvStream. All subsequent written and oral forward-looking statements concerning DevvStream or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.
