ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B)
(OTCQB: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”) today
announced partnerships with Geolabe, a technology company that has
built the methane abatement sector’s first fully automated
emissions detection system, and Keynum, an artificial intelligence
and data science development firm, to enhance the Company’s ability
to locate leaking orphaned oil and gas wells and issue carbon
credits. Specifically, the Company will incorporate various
synergies promoted by these collaborations in tandem with the
launch of the Zefiro Lifecycle Solution, a data capture and
workflow management platform built in partnership with CarbonAi
Inc., to significantly reduce the costs and timeframes associated
with plugging abandoned wells and the subsequent certification of
American Carbon Registry-accredited carbon offset products.
The working agreements with Geolabe and Keynum will introduce
artificial intelligence-enabled data analytics to bolster Zefiro’s
ability to forge its project pipeline of sites that are leaking
large, potentially unsafe amounts of methane gas. The Company
estimates that these efforts will improve its batch efficiency
gain, a measurement of the monetary resources allocated per ton of
methane gas captured, by approximately 50 percent.
The workflow management platform built in partnership with
CarbonAi will increase the efficiency and integrity of data
collected throughout the entire Zefiro project lifecycle. This is
to ensure that critical data generated by the Zefiro Lifecycle
Solution is immutable, auditable and on ledger, thereby increasing
the quality of resulting reductions.
Zefiro crews working on the Company’s first
Oklahoma-based project in Custer County, OK. Photo taken in October
2024.
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Zefiro Founder and Chief Executive Officer Dr. Talal Debs
commented, “With millions of orphaned and abandoned oil and gas
wells spread throughout twenty-six different states, utilizing
advanced solutions to locate and permanently plug more of these
sites is essential. Both the Lifecycle Solution developed with
CarbonAi and our partnerships with Geolabe and Keynum bring
innovative technologies into this important endeavor, and our
heightened ability to increase our project portfolio, reduce costs,
and promote efficiencies throughout our operations solidifies
Zefiro’s position as a market leader.”
Zefiro Chief Technology Officer Richard Walker commented, “By
harnessing the unique powers of artificial intelligence to process
satellite imagery and the blockchain, Zefiro continues to find new
ways to help stem the proliferation of orphaned and abandoned oil
and gas wells. These innovative solutions will expand our
operational footprint, enable best-in-class economics for our
carbon credit initiatives, promote certainty in our methodologies,
and ensure the integrity of our plugging measurements to help more
communities reclaim critical air, water, and land resources.”
As part of this initiative, Zefiro signed a Letter of Intent
(“LOI”) with Geolabe on January 10, 2025. The Geolabe system uses
artificial intelligence-backed models to automatically process
large amounts of satellite images to pinpoint emissions at a
uniquely granular level, drastically improving detection
thresholds. Zefiro is not only providing Geolabe access to the
Company’s well screening and quantification data to help train the
models but will also deploy its environmental remediation
specialists to confirm leak rates that are critical to calibrating
the model.
Additionally, Zefiro engaged Keynum in December 2024 to deliver
a dashboard that can visualize orphaned well inventory from various
states and Zefiro’s screened well inventory and use predictive
modeling capabilities developed by Keynum to identify probabilities
for orphaned wells that may be leaking at rates that are
economically viable to plug for issuance of carbon credits.
Reporters/Media: For any questions or to
arrange an interview with Dr. Debs or Mr. Walker, please contact
Rich Myers of Profile Advisors (New York City) by email at
media@zefiromethane.com or by telephone at +1 (347) 774-1125.
About Zefiro Methane Corp.
Zefiro is an environmental services company, specializing in
methane abatement. Zefiro strives to be a key commercial force
towards Active Sustainability. Leveraging decades of operational
expertise, Zefiro is building a new toolkit to clean up air, land,
and water sources directly impacted by methane leaks. The Company
has built a fully integrated ground operation driven by an
innovative monetization solution for the emerging methane abatement
marketplace. As an originator of high-quality U.S.-based methane
offsets, Zefiro aims to generate long-term economic, environmental,
and social returns.
On behalf of the Board of Directors of the Company,
ZEFIRO METHANE CORP.
“Talal Debs”
Talal Debs, Founder & CEO
For further information, please contact:
Zefiro Investor Relations1 (800) 274-ZEFI
(274-9334)investor@zefiromethane.com
For media inquiries, please contact:
Rich Myers - Profile Advisors (New York)media@zefiromethane.com
+1 (347) 774-1125
Forward-Looking Statements
This news release contains “forward-looking information” within
the meaning of applicable Canadian securities legislation.
Forward-looking information is often, but not always, identified by
the use of words such as “seeks”, “believes”, “plans”, “expects”,
“intends”, “estimates”, “anticipates” and statements that an event
or result “may”, “will”, “should”, “could” or “might” occur or be
achieved and other similar expressions. In particular, this news
release contains forward-looking information including statements
regarding: the Company’s intention to reduce emissions from
end-of-life oil and gas wells and eliminate methane gas; the
Company’s partnerships with industry operators, state agencies, and
federal governments; the Company’s expectations for continued
increases in revenues and EBITDA growth as a result of these
partnerships; the Company’s intentions to build out its presence in
the United States; the anticipated federal funding for orphaned
well site plugging, remediation and restoring activities; the
Company’s expectations to become a growing environmental services
company; the Company’s ability to provide institutional and retail
investors alike with the opportunity to join the Active
Sustainability movement; the Company’s ability to generate
long-term economic, environmental, and social returns; and other
statements regarding the Company’s business and the industry in
which the Company operates. The forward-looking information
reflects management’s current expectations based on information
currently available and are subject to a number of risks and
uncertainties that may cause outcomes to differ materially from
those discussed in the forward-looking information. Although the
Company believes that the assumptions and factors used in preparing
the forward-looking information are reasonable, undue reliance
should not be placed on such information and no assurance can be
given that such events will occur in the disclosed timeframes or at
all. Factors that could cause actual results or events to differ
materially from current expectations include, but are not limited
to: (i) adverse general market and economic conditions; (ii)
changes to and price and volume volatility in the carbon market;
(iii) changes to the regulatory landscape and global policies
applicable to the Company's business; (iv) failure to obtain all
necessary regulatory approvals; and (v) other risk factors set
forth in its Prospectus dated April 8, 2024 under the heading “Risk
Factors”. The Company operates in a rapidly evolving environment
where technologies are in the early stage of adoption. New risk
factors emerge from time to time, and it is impossible for the
Company’s management to predict all risk factors, nor can the
Company assess the impact of all factors on Company’s business or
the extent to which any factor, or combination of factors, may
cause actual results to differ from those contained in any
forward-looking information. Forward-looking information in this
news release is based on the opinions and assumptions of management
considered reasonable as of the date hereof, including, but not
limited to, the assumption that general business and economic
conditions will not change in a materially adverse manner. Although
the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information. The forward-looking information included in this news
release is made as of the date of this news release and the Company
expressly disclaims any intention or obligation to update or revise
any forward-looking information whether as a result of new
information, future events or otherwise, except as required by
applicable law.
Statement Regarding Third-Party Investor Relations
Firms
Disclosures relating to investor relations firms
retained by Zefiro Methane Corp. can be found under the Company's
profile on SEDAR+ at www.sedarplus.ca/.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f3e756a6-c40d-4d90-bb7c-ac6cc6943b5f
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