ABXX Abaxx Technologies Inc

Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, indirect majority shareholder of Abaxx Singapore Pte Ltd. (“Abaxx Singapore”), the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, today announced the launch of Abaxx Commodity Futures Exchange and Clearinghouse, with trading commencing in its physically-deliverable liquified natural gas (LNG) and carbon futures contracts.

Five new centrally-cleared, physically-deliverable commodity futures contracts in LNG and Carbon are now available for trading on Abaxx Commodity Futures Exchange and Clearinghouse in Singapore. Full clearing and execution are currently accessible through our two clearing members StoneX and KGI Securities, while execution and broking services can be sourced from our execution brokers Marex, Eagle Commodities, Evolution Markets, Salamander Broking, SSY, TP ICAP and Venture Commodities Partners, along with introducing broker, Sweet Futures.1

Abaxx is introducing these markets to establish physically-deliverable benchmarks for the global LNG and voluntary carbon markets, and to be followed shortly by solutions for battery metals. These will provide the price discovery and risk management tools required to meet the commercial needs of market participants and essential to unlocking investment capital required for the transition to a low-carbon economy.

Partnering with leading technology providers including Exberry, Baymarkets and Eventus, Abaxx offers robust, scalable, secure trading and clearing solutions. In addition, Abaxx provides industry-leading tools and services for market participants, who are supported by our exchange and clearing Independent Software Vendors (ISVs), which include Fidelity Information Services Ltd. (FIS®), ION, Trading Technologies (TT), and CQG.

“Singapore is the most vital global commodities trading hub in Asia, and with the opening of Abaxx Exchange and Clearinghouse, we are excited to support this leadership in the futures and derivatives markets,” said Abaxx Exchange CEO, Nancy Seah. “Our team, comprised of industry veterans from Goldman Sachs, NYMEX, CME, and SGX, is committed to developing the next generation of commodities futures contracts benchmarks for the energy transition. We look forward to providing our clients with innovative risk management tools and better price discovery for smarter commodities markets.”

Josh Crumb, CEO of Abaxx, said: “Today’s first trades are the culmination of years of dedicated efforts by our team, working groups, and partners to build smarter markets. We've collaborated with industry leaders and technology partners to create innovative solutions that meet the evolving needs of the commodities marketplace. This marks the first step in developing new liquid benchmark futures contracts for the energy transition and beyond. We are committed to providing market participants with the tools and infrastructure necessary to navigate and capitalize on the monumental changes in global energy and resource supply chains.”Abaxx’s initial suite of futures contracts for LNG and carbon are open for trading 14 hours a day, Monday through Friday. It is intended that additional products including nickel sulphate futures will be introduced soon. Visit abaxx.exchange/resources-directory for a full list of clearing members and execution brokers.

About Abaxx TechnologiesAbaxx is building Smarter Markets — markets empowered by better financial technology and market infrastructure to address our biggest challenges, including the energy transition. In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is an indirect majority-owner of subsidiaries Abaxx Exchange and Abaxx Clearing, recognized by MAS as a “recognised market operator” (RMO) and “approved clearing house” (ACH), respectively.

Abaxx Exchange and Abaxx Clearing are a Singapore-based commodity futures exchange and clearinghouse, introducing centrally cleared, physically deliverable commodities futures and derivatives to provide better price discovery and risk management tools for the commodities critical to our transition to a lower-carbon economy.

For more information please visit abaxx.tech, abaxx.exchange and smartermarkets.media.

For more information about this press release, please contact:

Steve Fray, CFOTel: +1 647-490-1590

Media and investor inquiries:

Abaxx Technologies Inc.Investor Relations TeamTel: +1 246 271 0082E-mail: ir@abaxx.tech

Cautionary Statement Regarding Forward-Looking Information

This press release includes certain “forward-looking statements” which do not consist of historical facts. Forward-looking statements include estimates and statements that describe Abaxx’s future plans, objectives, or goals, including words to the effect that Abaxx expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “seeking”, “should”, “intend”, “predict”, “potential”, “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, “continue”, “plan” or the negative of these terms and similar expressions. Since forward-looking statements are based on current expectations and assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Abaxx, Abaxx does not provide any assurance that actual results will meet respective management expectations. Risks, uncertainties, assumptions, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information related to Abaxx in this press release includes but is not limited to, Abaxx’s objectives, goals, future plans, the ability to utilize the ACH and RMO licenses to launch a regulated trading marketplace on an economic basis, the delivery of commodities subject to futures contracts, the addition of futures contracts for battery metals, including nickel sulphate contracts, development of risk management tools and expectations related to price discovery, development of new products and expectations related to the operation of Abaxx Exchange and Abaxx Clearing.

Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by Abaxx as at the date of this press release in light of management’s experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such factors impacting forward-looking information include, among others: risks relating to the global economic climate and extreme weather events; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; regulatory risks in Singapore and Canada; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; taxation; resource shortages; damage to the Company’s reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company’s operations, whether true or not; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; the impact of inflation, including global energy cost increases; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions, protection of intellectual property rights, contractual risk, third-party risk; clearinghouse risk, malicious actor risks, third-party software license risk, system failure risk, risk of technological change; dependence of technical infrastructure; changes in the price of commodities, capital market conditions and restriction on labor and international travel and supply chains. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.

Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Readers are cautioned that forward-looking statements are not guarantees of future performance. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.

1 U.S. based Introducing Brokers, including Sweet Futures, are CFTC-registered brokers that execute trades on Abaxx using a non-U.S. intermediary. Such Introducing Brokers do not have direct access to trade on Abaxx.