Blockchain, Investments, Startups

Co2Bit Revolutionizing Voluntary Carbon Credit Offsets Using Artificial Intelligence (AI) Now Trading on SmarDex.io/Co2AI

Florida, USA, October 3rd, 2024 — Co2Bit Technologies (Co2Bit), a forward- thinking technology company dedicated to developing innovative solutions for a sustainable future, is thrilled to announce the development of an advanced AI-based system designed to comprehensively assess environmental impacts. This groundbreaking system evaluates habitability, environmental sustainability, and humanity-centric factors, with a unique emphasis on the consistency of ratings.

Co2Bit’s AI-based system is committed to empowering businesses to make informed decisions that prioritize sustainability and positively contribute to our planet. This includes ensuring consistency in ratings, aligning with the global trend of corporations and nation states actively demonstrating their commitment to environmental stewardship.

Recognizing this global demand for precise environmental action assessments, Co2Bit is at the forefront of developing a sophisticated AI solution to measure and score long term project impacts. By implementing AI tools and technologies into the process, the markets can rely more heavily on the accuracy of the data, which should increase the inherent value of more expansive climate impact initiatives to emitters in need of offsets. Co2Bit system provides a holistic evaluation, including carbon emissions, habitat preservation, social well-being, and overall environmental stability and sustainability.

The goal of carbon credit offsets is to reduce the emission of greenhouse gases into the atmosphere. Between 2020 and 2021, the carbon commodities market surged from $270 billion to $851 billion. Plagued by inconsistencies, difficulties managing, and limited tracking of the broader impact of these projects, the voluntary carbon credit market has floundered and nations outside the EU are marginal participants. Resolving these issues and expanding the scope of impact analysis and making voluntary offsets more attractive to the private sector will enable the projected market expansion to $22 trillion of various offsets by 2050.

Introducing three distinct scoring systems—habitability, environmental, and humanity scoring—the Co2Bit AI system offers a nuanced understanding of a project’s long-term impact on the planet, ecosystems, and communities. This comprehensive scoring, to ensure fair and consistent ratings, goes beyond traditional metrics, providing a holistic assessment. Co2Bit Technologies has initiated the early stages of system development, with beta testing scheduled to commence in Q2 2025. This phase allows stakeholders to experience the capabilities of the Co2Bit system firsthand and provide valuable feedback for further refinement.

Co2Bit has already been used to acquire and protect over 100 million trees in the Brazilian Rainforest, saving them from fires by clearing and maintaining the underbrush and using controlled burns to ensure that they are preserved. As importantly, it provides constructive employment and the commensurate economic opportunities for scores of native Amazonians. Co2Bit has national agreements and is partnered with many countries including China, Brazil, Madagascar, Guinea Conakry, Central African Republic (RCA), Gabo, Mali, Zimbabwe, Angola Ivory Coast, Gambia, Nigeria, Sierra Leone, Niger, Somalia, Guinea Bissau, Congo Brazzaville, Comoros, Kenya (MSEA), Haiti, Djibouti, Armenia, and the Democratic Republic of Congo (DRC).

Co2bit Tech’s Blockchain Asset – Co2AI (currently trading on SmarDex), is scheduled to remain on decentralized exchange platforms. Specifically, Co2Bit recommends using SmarDex, which optimizes trading for users to ensure the best price on swaps.

About Co2Bit
Utilizing blockchain technology to develop a transparent finance methodology, Co2Bit Technologies, directly and through its network of global ambassadors, has provided grants and secured government contracts with dozens of countries from Haiti to China. This strategic initiative aims to help finance climate mitigation and adaptation initiatives, providing an attractive and motivational alternative to voluntary carbon credits. The Co2Bit eco-system uniquely enhances the public-private partnership necessary to address these complex existential challenges. With a focus on leveraging cutting-edge technology, Co2Bit is committed to addressing environmental challenges and contributing to a more sustainable and resilient world.

For more information about Co2Bit Technologies, please visit www.co2bit.com.

Media Contact
Brand: Co2Bit
Contact: Ron Henley, RWH Advisors
Email: [email protected]
Website: https://co2bit.com/

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InspireSemi Provides Business Update and Announces CFO Transition

2024-09-30T13:12:52Z

VANCOUVER, British Columbia and AUSTIN, Texas, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Inspire Semiconductor Holdings Inc. (TSXV: INSP) (“Inspire” or the “Company”), a chip design company that provides revolutionary high-performance, energy-efficient accelerated computing solutions for High Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads, is pleased to announce that today it is providing a general business update by live webinar at 1:00 p.m. (Eastern Time)

Key topics the business update covers include:

  • Recent key accomplishments and progress on product development

  • Company plans going forward

  • The recently closed C$10M convertible loan financing. See press release dated September 23, 2024 for further details

  • The proposed delisting of the Company’s shares from the TSX Venture Exchange (the “Delist”)

  • Change of the CFO as discussed below

The Company cautions that the Delist is subject to the approval of the shareholders of the Company and all relevant regulatory approvals including the approval of the TSX Venture Exchange.

To join the Business Update please use the following Zoom link:

https://us06web.zoom.us/j/85079936546

Webinar ID: 850 7993 6546

Or One tap mobile:

+16469313860,,85079936546# US
+19292056099,,85079936546# US (New York)

Telephone dial in numbers are available at https://us06web.zoom.us/u/kfZXmuhg6

A recording of the business update will be made available in the Investors section of the Company’s website at https://inspiresemi.com/investors/.

CFO transitioning to the Board of Directors, interim CFO appointed

The Company further announces that John B. Kennedy will be stepping down from his role as CFO and joining the Board of Directors, effective September 30, 2024.

While John will remain with the company as a member of the Board, he is starting a new chapter in his life to take over a non-profit organization, and the Company wishes him the very best in this new endeavor.

Jack Cartwright, who has been working with the Company in a senior finance role over the last 3 months, will assume the role of interim CFO effective immediately while the Company conducts a search for a permanent CFO.

Jack Cartwright is a successful financial and operational leader with over 20 years of corporate finance experience ranging from high growth early-stage tech firms to highly technical complex global businesses. His depth of experiences includes SaaS, B2C marketplaces, AdTech, telecommunications, carbon and clean energy, and logistics.

Based in Austin, Texas, Jack was previously CFO at two other technology firms and has held a variety of positions in finance. He has led several M&A transactions on both the sell side and buy side, and he has also led several fundraising efforts with large, institutional investors.

Jack has also led many post-closing integration projects involving advanced reporting optimization, including the financial integration of two public software companies. He led the acquisition and concurrent integration of 4 Fintech companies with audit and IPO filings.

Jack holds an MBA (The University of Texas at Austin) with a concentration in finance, accounting & strategy, and a Master of Science degree in Accounting (University of Miami). He was formerly an officer in the United States Army.

The appointment of Jack Cartwright as interim CFO is subject to the approval of the TSX Venture Exchange.

The Company’s Chairman, James J. Hickman, wrote, “This company is at a tremendous inflection point: we finally have Thunderbird in production, combined with ample funding which should carry us to profitability. John was instrumental in helping us achieve this. Now that the Company is transitioning to its next phase, we wish John the absolute best as he transitions to his next phase. And we’re grateful that he is remaining with the business as a Board member.”

“I am incredibly proud of the achievements the Inspire team has made in the nearly five years since I came on board,” said Kennedy, “I am equally as excited about the future potential and opportunities as the Company moves towards the production and sales phase with its first product, Thunderbird I. However, it is time for me to take on a completely new challenge, in the nonprofit sector, while still staying involved with Inspire as a member of the Board of Directors.”

About InspireSemi

InspireSemi (TSXV: INSP) provides revolutionary high-performance, energy-efficient accelerated computing solutions for High-Performance Computing (HPC), AI, graph analytics, and other compute-intensive workloads. The Thunderbird I ‘supercomputer-cluster-on-a-chip’ is a disruptive, next-generation datacenter accelerator designed to address multiple underserved and diversified industries, including financial services, computer-aided engineering, energy, climate modeling, cybersecurity, and life sciences & drug discovery. Based on the open standard RISC-V instruction set architecture, InspireSemi’s solutions set new standards of performance, energy efficiency, and ease of programming. InspireSemi is headquartered in Austin, TX.

For more information visit https://inspiresemi.com  
Follow InspireSemi on LinkedIn

Company Contact
Ron Van Dell, CEO
(737) 471-3230
[email protected]

Cautionary Statement on Forward-Looking Information

This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Statements concerning InspireSemi’s objectives, goals, strategies, priorities, intentions, plans, beliefs, expectations and estimates, and the business, operations, financial performance and condition of InspireSemi are forward-looking statements. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass.

Forward-looking information includes, but is not limited to, information regarding: (i) the business plans and expectations of the Company including expectations with respect to production of Thunderbird I and development of future projects and; (ii) expectations for other economic, business, and/or competitive factors; and (iii) expectations regarding the Delist. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this presentation, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of InspireSemi, to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company including information obtained from third-party industry analysts and other third-party sources and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects management’s current beliefs and is based on information currently available to them and on assumptions they believe to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: (i) statements relating to the expected performance of Thunderbird I (ii) business and future activities of, and developments related to, the Company after the date of this press release; (iii) expected completion of or satisfaction of all conditions to complete the Delist, including receipt of all relevant approvals from shareholders, securities commissions and the stock exchanges involved; (iv) expectations for other economic, business, regulatory and/or competitive factors related to the Company or the technology industry generally; (v) the risk factors referenced in this news release and as described from time to time in documents filed by the Company with Canadian securities regulatory authorities on SEDAR+ at www.sedarplus.ca; and (vi) other events or conditions that may occur in the future. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.


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