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Regina, SK – August 8, 2024 – TheNewswire – Carbon Rx Inc. (“Carbon RX”) has entered into a Memorandum of Understanding (“MOU”) with Adroid Corporation (“Adroid”) to commercialize a novel approach to tree planting. The MOU outlines the use of autonomous tree planting and artificial intelligence to increase the efficiency of reforestation and create carbon credits across Carbon RX hundreds of thousands of acres of Canadian forest lands under contract.
“We have a deep pedigree in regenerative agriculture where we successfully use machine learning to increase productivity and reduce carbon footprints,” says Carson Sinclair, Director of Origination, Carbon RX. “Transitioning to robotics in forestry allows us to apply efficient planting techniques with a low carbon footprint, aligning with modern forest management practices. This technology has the potential to generate significant carbon credits and supports the Canadian Government’s 2 Billion Tree program.”
According to the Government of Canada’s website, the 2 Billion Trees program aims to motivate and support new tree-planting projects. By 2031, up to $3.2 billion will be invested in tree-planting efforts to support provinces, territories, third-party organizations (for-profit and not-for-profit) and Indigenous organizations to plant two billion trees across Canada.
Vishal Gupta, Co-Founder of Adroid commented, “Our commitment to commercializing a robotic tree planter aligns with the growing need to establish healthy tree stands and the ability to bridge the labour shortage in the forestry industry as a whole. This summer’s wildfire impacts will require vast amounts of forest to be repopulated. Our technology plans to offer high seedling survival rates as well as enhanced safety features for tree planting teams in remote parts of Canada.”
Based on data in the National Forestry Database, over 8,000 fires occur each year, and burn an average of over 2.1 million hectares.
The agreement is a non-binding MOU, whereby the two parties plan to test and validate the robotic forest planter, in addition to developing a modern carbon credit protocol, intended to generate carbon credits through the application of the Adroid robotic planter.
About Carbon RX
Headquartered on Treaty 4 Territory in Regina, SK, Carbon RX specializes in the origination and streaming of carbon credits. Backed by a team of agriculture, forestry, and hydrocarbon experts, Carbon RX provides high-fidelity carbon credits to the international voluntary carbon market, ultimately aiding Canada in the race to net zero emissions.
For more information, visit carbonrx.com.
About Adroid
Adroid specializes in robotics and artificial intelligence, offering innovative solutions to enhance efficiency across various industries. By integrating advanced AI technology, Adroid's autonomous systems aim to solve complex problems and improve productivity. Adroid not only focuses on technological advancements but also addresses environmental and societal challenges. Adroid is committed to providing cutting-edge tools that drive progress and create sustainable impacts.
For more information, visit adroid.ai
For media inquiries
Carson Sinclair
Cell: 306-690-9235
E‐mail: carson.sinclair@carbonrx.com
Forward Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, which is based upon Delta CleanTech Inc. (“Delta”) and Carbon RX (Delta’s subsidiary), current internal expectations, estimates, projections, assumptions and beliefs and views of future events. All statements other than statements of historical fact are forward-looking information. Forward-looking information can be identified by the use of forward-looking terminology such as "expect", "likely", "may", "might", "will", "shall", "should", "intend", "anticipate", "project", "contemplate", "continue", "potential", "proposed", "estimate" and other similar words, including negative and grammatical variations thereof, or statements that certain events or conditions "may", "would" or "will" happen, or by discussions of strategy. Forward-looking information includes estimates, plans, expectations, opinions, forecasts, projections, targets, guidance, or other statements that are not statements of fact. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. No assurance can be given that these expectations will prove to be correct and such forward-looking information included in this news release should not be unduly relied upon. Specifically, this news release contains forward looking information concerning the Company’s partnership with Adroid, the successful implementation of the use of autonomous tree planting and artificial intelligence to increase the efficiency of reforestation and create carbon credits across Canada. These statements speak only as of the date of this news release. Carbon RX does not undertake any obligations to publicly update or revise any forward-looking information except as required by securities law.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
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