Top Energy will introduce and integrate carbon credits derived from clean energy projects into the MintCarbon.io platform of DeepMarkit’s wholly owned subsidiary, First Carbon Corp.
CALGARY, Alta., March 23, 2022 /CNW/ – DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSXV: MKT) (OTC: MKTDF) (FRA: DEP), a technology company focused on creating new tools and technologies to help businesses grow sales and increase profitability, is pleased to announce that it has signed a Letter of Intent (“Letter of Intent“) with Top Energy United States (“Top EnergyDeepMarkit and Top Energy are currently working to crystallize the letter of intent into a definitive agreement to form a carbon offset agreement under which Top Energy will introduce and integrate carbon credit projects on the blockchain through MintCarbon.io, which is the platform developed by DeepMarkit’s wholly owned subsidiary, First Carbon Corp.
Through this deal, DeepMarkit expects to gain broad and diverse exposure to many alternative power-based carbon projects. Under the terms of the letter of intent, DeepMarkit and Top Energy will perform necessary due diligence and negotiate the terms of a definitive agreement to govern the terms of the arrangement. The ultimate structure of the Arrangement will be subject to applicable regulations and applicable securities, corporate and tax laws. The definitive agreement and any transaction entered into in connection therewith may be subject to the approval of the TSX Venture Exchange.
Situated at United StatesTop Energy is a company focused on environmentally friendly energy solutions in Mexico and Spain. Top Energy specializes in clean energy technologies by Spain since 2003 and extended to Mexico in 2013. Top Energy installed more than 41.8 megawatts (“MW“) of clean energy in 23 states of the Mexican Republic representing more than 100 institutional customers.
“Top Energy sees incredible potential in this strategic alliance with First Carbon, bringing transparency and validation to a dark market. We seek to take the ‘Wild West’ out of the carbon trading world by pairing our clean energy credits with blockchain.offer an extra layer of assurance to our buyers, as well as making Top Energy credits internationally accessible. developing countries, particularly in parts of the world without proper carbon markets.Through our partnership with the First Carbon platform, Top Energy seeks to realize liquidity by providing tokenized access to carbon projects,” said Jonathan GonzalezCEO of Top Energy.
“Top Energy is an exciting company that we look forward to becoming our newest counterparty. Their group shares DeepMarkit’s commitment to the environment, particularly in providing green solutions to modern energy mandates. We are excited to bring a broad array of technology solutions to offset credits to the MintCarbon.io platform. Once formalized, this agreement will provide liquidity for Top Energy’s carbon credits, while providing DeepMarkit with significant and valuable trading volume,” said Ranjeet SundherActing CEO of DeepMarkit.
DeepMarkit Corp. is a technology company focused on creating new tools and technologies to help businesses grow their sales and increase their profitability. Its common shares are listed on the TSX Venture Exchange under the ticker symbol “MKT”. DeepMarkit’s wholly-owned subsidiary, First Carbon Corp. (“FCC”), is a software infrastructure company operating in the blockchain tokenization vertical. FCC’s core asset, MintCarbon.io, is a web-based software-as-a-service platform that facilitates the transformation of carbon credits into non-fungible tokens. MintCarbon.io is currently being tested and FCC plans an official launch of the platform in 2022.
Ranjeet Sundherinterim CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Statements in this press release may contain forward-looking information. All statements contained in this press release that are not statements of historical facts may be deemed to be forward-looking statements, including, without limitation, statements regarding DeepMarkit entering into a definitive agreement with Top Energy. and carrying out the transactions described below. , statements regarding the expected benefits of DeepMarkit under the agreement with Top Energy (and the amount of these benefits) and statements regarding the launch of MintCarbon.io. Readers are cautioned that the assumptions used in preparing any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those anticipated due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond DeepMarkit’s control. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the inability to enter into a definitive agreement, the inability to obtain final regulatory approvals necessary for the transactions described below, the failure to enter into a definitive agreement, Top Energy’s or DeepMarkit’s decision not to enter into the transactions as a result of due diligence investigations or as a result of regulatory or other legal considerations. Readers are cautioned not to place undue reliance on forward-looking information.
The forward-looking statements contained in this press release are made as of the date of this press release, and DeepMarkit undertakes no obligation to publicly update or revise any of the forward-looking statements included, whether as a result of new information, future events or otherwise, except as required by securities law.
SOURCE DeepMarkit Corp.
For further information: Ranjeet Sundher, Acting CEO, Tel. : 403-537-0067, Email: [email protected]Web: www.deepmarkit.com, Twitter: @DeepMarkit