Entrex Carbon Market launches the first regulatory-compliant, blockchain-enabled platform dedicated to the end-to-end management of the carbon offset lifecycle.
Universal Solar Technology (OTCMKTS:UNSS)
BOCA RATON, FLORIDA, UNITED STATES, October 21, 2021 /EINPresswire.com/ — Entrex, Inc. (OTC: UNSS) today announced its majority-owned subsidiary, Entrex Carbon Market, LLC, is launching the first regulatory-compliant, blockchain-enabled technology platform dedicated to the end-to-end management of the carbon offset lifecycle.
The Entrex platform, which was the subject of a case study authored by IBM, provides an indelible digital provenance through the blockchain of the complete journey arc of a carbon offset, from minting and registration with a United Nations or World Bank registry to trading and, ultimately, serial number retirement.
The first application of the new technology will be in the company’s carbon offset producing real estate or COPRe investments. “We invented and have a pending process patent on the concept of the Carbon Offset Rights Agreement,” said Stephen H. Watkins, CEO of Entrex Carbon Market. “This new industry standard affords offset production rights equal weight and treatment to the land and mineral rights traditionally associated with real property,” continued Watkins.
“With a standardized structure for offsets we can now establish a tangible security that regulated broker dealers and even non-ESG investors can approach with confidence,” said Thomas Harblin, Partner of Entrex Carbon Market. “We’re giving investors the opportunity to select from a portfolio of $100 million worth of properties generating over $50 million per year in carbon offset revenues, none of which would be possible without a standardized rights agreement and a platform on which to trade the resulting offsets,” continued Harblin.
The company reports its first two COPRe transactions are scheduled to close in the next thirty days.
About Entrex Carbon Market, LLC:
Entrex Carbon Market provides the industry’s leading regulatory compliant trading platform to track carbon offsets throughout their lifecycle, creating an indelible blockchain digital provenance from UN registration through offset serial number retirement. Entrex invented the concept of the Carbon Offset Rights Agreement (CORA) which affords offset production rights equal weight and treatment to the land and mineral rights traditionally associated with real property. The company then established the standard for COPRe properties –– Carbon Offset Producing Real Estate properties –– which generate commercial revenue streams from real estate carbon offset production. Entrex Carbon Market is a majority-owned subsidiary of Entrex, Inc. (OTC: UNSS).
This press release includes statements of the Company’s expectations, intentions, plans and beliefs that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to come within the safe harbor protection provided by those sections. These statements, which involve risks and uncertainties, relate to the discussion of the Company’s business strategies and its expectations concerning future operations, margins, sales, new products and brands, potential joint ventures, potential acquisitions, expenses, profitability, liquidity and capital resources and to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. These also include statements relating to the anticipated benefits of the announced transaction between the Company and Entrex. These statements include any statement that does not directly relate to a historical or current fact. You can also identify these and other forward-looking statements by the use of such words as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "thinks," "estimates," "seeks," "predicts," "could," "projects," "potential" and other similar terms and phrases, including references to assumptions.
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For further information:
Stephen H. Watkins, CEO
Entrex Carbon Market
(561) 465-7580 or 877-4-ENTREX
Source: EIN Presswire