Zefiro is partnering with Fiùtur to create the “Zefiro Lifecycle Solution” to accelerate and scale its vertically integrated business model through end-to-end digitization of its operations and production, providing unparalleled transparency and productization pathways for the Company going forward.
FORT LAUDERDALE, Fla., Sept. 05, 2024 (GLOBE NEWSWIRE) -- 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
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.
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,
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.
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/.
