Boca Raton, Fl. June 15, 2019: Today Universal Solar Technology (UNSS) is pleased to announce its Joint Venture with The Entrex Capital Market, which created the Entrex Carbon Market, has launched 10 Verified Carbon Offset Issuers on the platform today.
The Entrex Carbon Market utilizes Entrex’s blockchain enabled technology platform to trade carbon credits, carbon offsets and other environmental securitized products. The platform allows credits, offsets and other environmental products to be found, researched, tracked, managed and traded via regulated entities through a compliant platform.
“We just launched a series of international Carbon Offset Issuers today,” said Stephen H. Watkins, CEO of Entrex Carbon Market. Watkins further explains that the partnership with Net Zero Analysis, has launched each Issuer with a process of accountability where each Carbon Offset Project has been registered on various United Nations Carbon Registries and verified by independent entities. “Whether an organization is buying, selling or retiring Carbon Offsets, our securitization structure should offer comfort and security to all parties through their regulated partners” continued Watkins.
“There’s been amazing coordination from all sides to make this happen so quickly,” suggested George Sullivan, CEO of Net Zero Analysis. “With these varied international issuers of Carbon Offsets we expect to see the market rapidly accept the securitization and regulatory compliance for which many buyers and sellers have been asking. We’ve delivered what they have long wanted and believe that the time is now for the Entrex Carbon Market to become the global trusted Carbon Offset trading solution”.
“This is indeed a milestone moment,” said Paul D. Landrew, CEO of UNSS. “The Entrex Carbon Market team has been aggressively working since our Joint Venture agreement and capital commitment two months back. Watkins and our colleagues at Net Zero Analysis in Chicago have painstakingly assembled the technology and offerings to launch – maybe 19 years in the making – but it looks like less than one quarter to cash-flow — incredible!”
“This is a tremendous step forward for UNSS and our investors,” Landrew continued. We expect the trading market to propel UNSS into a leadership position in the sector, utilizing the proven technology created by the Entrex team. It also gives the ability to buy out the equity owners, providing even more anticipated value for our shareholders.”
Entrex was founded in 2001 as a “capital market system for entrepreneurial companies.” The new joint venture will utilize Entrex’s intellectual properties and blockchain enabled technologies; built and proven over 17 years using IBM’s Domino and Hyperledger technology platforms. The Entrex platform originates, structures, offers, places, trades, settles and services debt and equities of entrepreneurial companies through regulated entities that serve investors and issuers. Working together with industry sector leaders and regulated market constituents allows investors to find, research, track, manage, and trade entrepreneurial securities while providing entrepreneurial companies access to capital. www.EntrexCapitalMarket.com
About Universal Solar Technology Inc.:
Universal Solar Technology, Inc. (UST, Inc.) is focused on the renewable energy sector through diversified product portfolios and various strategic partnerships. By leveraging our history in renewable energy manufacturing, we envision opportunities including financial services, product generation, product installation, as well as product and process certifications. With the ever-increasing awareness of the need for environmental accountability, UST, Inc. is committed to being a catalyst to making practical solutions in this sector available in products, services and education. www.universalsolartechnology.com.
About Net Zero Analysis:
Net Zero Analysis Carbon Credit Trading Corporation was founded to offer pricing transparency in the marketplace, additional carbonreduction financing, and to increase carbon offset project viability by connecting to newly accessible market mechanisms created by the Paris Accord, as well as to connect carbon offset product purchasers with the most appropriate sources for certified UNFCCC-compliant products. NZA’s founders represent a wealth of experience in engineering, architecture, building science, energy efficiency, renewable energy, professional education, and real estate matters, as well as a solid grasp of market trends, UNFCCC methodologies, and changes in regulations. www.netzeroanalysis.com
Forward Looking Statements:
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. These forward looking statements are made based on expectations and beliefs concerning future events affecting the Company and are subject to uncertainties, risks and factors relating to its operations and business environments, all of which are difficult to predict and many of which are beyond its control, that could cause its actual results to differ materially from those matters expressed or implied by these forward looking statements. These risks include the Joint Venture’s ability to successfully pursue its business plan, the possibility that the Company’s equity interest in the Joint Venture may be diluted as a result of capital raises by the Joint Venture, the possibility that Entrex may have the right to repurchase the previously contributed assets for nominal consideration, the Company’s ability to develop and commercialize new technologies, the Company’s history of losses and expectation of further losses, its ability to expand its operations into blockchain technologies, its ability to develop or acquire new brands, the success of its marketing activities, the effect of competition in its industry and economic and political conditions generally, including the current economic environment and markets. More information about these and other factors are described in the reports the Company files with the Securities and Exchange Commission, including but not limited to the discussions contained under the caption “Risk Factors.” When considering these forward looking statements, you should keep in mind the cautionary statements in this press release and the reports the Company files with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and the Company cannot predict those events or how they may affect it. The Company assumes no obligation to update any forward looking statements after the date of this press release as a result of new information, future events or developments, except as required by the federal securities laws.