TSXV: MKT OTC: MKTDF FRA: DEP
The Material Transaction for the Company
Involves Offsets that are Based on Conversion and Energy Efficiency
as well as Waste Diversion Activities from the Quebec Sustainable
Community Project
CALGARY,
AB, Aug. 16, 2022 /CNW/ - DeepMarkit Corp.,
("DeepMarkit" or the "Company") (TSXV: MKT) (OTC: MKTDF) (FRA:
DEP), a company focused on transitioning the global carbon offset
market to the more accessible digital economy by minting carbon
offsets onto the blockchain, is pleased to announce the receipt of
a purchase order (the "PO") from WILL Solutions Inc.
("WILL Solutions"), which is a leader in community-based
greenhouse gas ("GHG") reduction solutions. WILL Solutions
will mint up to 150,000 tokens, representing 150,000 tons of GHGs,
via DeepMarkit's proprietary MintCarbon.io platform. The PO arrives
within one week of the Company announcing the launch of
MintCarbon.io.
The Company is in the process of verifying the carbon offsets,
which is a condition to completing the minting transaction under
the PO's terms. Once the offsets have been verified, WILL Solutions
will be allow-listed to access and use MintCarbon.io to complete
the token minting process. MintCarbon.io was developed and launched
by DeepMarkit to support and promote reliability and transparency
in the rapidly growing voluntary carbon market (the "VCM")
and to assist projects and registries in tokenizing their
offsets.
The carbon offsets being minted are based on the Quebec
Sustainable Community Project ("QSCP" or the
"Project"). The Project gathers more than 850 GHG reduction
micro-projects carried out by several small and medium-sized
companies from various sectors, non-profit organizations and small
municipalities across Quebec. QSCP
makes an impact on six of the United Nations' Sustainability
Development Goals – innovation and infrastructure; reduced
inequalities; sustainable cities and communities; responsible
consumption; climate action; and partnerships for the United
Nations goals. QSCP is based on the VM0018 methodology that is
certified under Verra. The methodology provides a framework for the
monitoring, reporting and verification of emission reductions for
group projects, where conversion and energy efficiency as well as
solid waste diversion activities have been initiated by a
Sustainable Community Service Promoter for an assortment of client
facilities grouped in a territory.
"We are delighted with this innovative partnership with
MintCarbon. The tokenization of verified carbon offsets could be an
additional step towards more traceability, transparency and market
integrity. The opening of this new distribution channel could
increase monetary flows in order to push climate actions even
further. A final exchange is planned to confirm a final withdrawal
(retirement) for the benefit of an end buyer. The coming years will
be exciting and tokenization could be one of the key levers to
accelerate the decarbonization of society," said Martin Clermont, President of Will Solutions.
"Even if there will be several exchanges, a final exchange is
foreseen, which implies the end-of-life of a token (final
retirement) and the appropriation of the impact by the final
buyer," added Mr. Clermont.
"WILL Solutions is a clear leader with a strong track record in
providing climate solutions. Therefore, we are keen to become part
of their ecosystem by bringing their carbon offsets to the
blockchain through our secure, easily accessible platform,
MintCarbon," said Ranjeet Sundher,
Chief Executive Officer of DeepMarkit. "WILL Solutions and
DeepMarkit share similar values and we look forward to developing a
fruitful commercial relationship while democratizing access to
their projects, which we expect will make a more positive impact
within the community itself," added Mr. Sundher.
ABOUT WILL SOLUTIONS
WILL Solutions Inc. is a private Canadian company,
certified BCorp., whose head office is based in Beloeil, QC. The company is active in the VCM
sector through its Sustainable Community. Will Solutions has a
social philosophy based on sharing. It is based on two major axes:
democratizing access to carbon credits by pooling local GHG
reduction projects carried out by SMEs, municipalities and NPOs
(cluster), and returning as much money as possible to these
partners following the sale of carbon credits by Will Solutions.
Will Solutions is carbon neutral since 2007 and is committed
to returning 10% of its net profit to community projects and
initiatives supporting sustainable development.
ABOUT DEEPMARKIT
DeepMarkit Corp. is a company focused on democratizing access to
the voluntary carbon offset market by minting offsets into NFTs.
Its common shares are listed on the TSX Venture Exchange under the
"MKT" stock symbol, on the OTC market in the United States under the "MKTDF" symbol and
on the Frankfurt Stock Exchange under the "DEP" symbol. DeepMarkit
Corp. is a software infrastructure company operating in the
tokenization vertical of the blockchain. Its primary asset,
MintCarbon.io, is a web-based platform that facilitates the minting
of carbon offsets into NFTs (based on the ERC-1155 standard) or
other secure tokens (based on the ERC-20 standard).
On behalf of:
DEEPMARKIT CORP.
"Ranjeet Sundher"
Ranjeet Sundher, CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this news release.
CAUTIONARY STATEMENT
Statements in this news release may contain forward-looking
information. Any statements that are contained in this news release
that are not statements of historical fact may be deemed to be
forward-looking statements, including statements relating to the
completion of satisfactory verification of the carbon offsets and
other conditions to the minting transaction, the completion of the
minting by WILL Solutions of its carbon offsets, statements
relating to the possibility of exchanging the tokens described
herein on third party token exchanges, and statements relating to
the Company's business and corporate plans. The reader is cautioned
that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events
or circumstances may cause actual results to differ materially from
those predicted, as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the
control of DeepMarkit. Additional information regarding risks and
uncertainties of the Company's business are contained under the
heading "Business Risks and Uncertainties" in the Company's
MD&A in respect of the period ended March 31, 2022 and the Company's other public
filings which are available under the Company's profile on SEDAR at
www.sedar.com. Various factors can cause the actual results to
differ materially from those in forward-looking statements. The
reader is cautioned not to place undue reliance on any
forward-looking information. All information about WILL Solutions
in this news release has been supplied by WILL Solutions and from
publicly available sources.
The forward-looking statements contained in this news release
are made as of the date of this news release and DeepMarkit does
not undertake any obligation to update publicly or to revise any of
the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
securities law.
SOURCE DeepMarkit Corp.