CarbonMeta Technologies Files Provisional Patent for Tracking Captured CO2 in Concrete Using Blockchain Technology
CarbonMeta Technologies has filed a provisional patent for a novel process that tracks CO2 sequestered in concrete using blockchain technology. The patent, submitted to the USPTO on May 23, 2024, aims to combine carbon sequestration methods with blockchain for transparent and immutable documentation of carbon credits. This innovation could significantly reduce the construction industry's carbon footprint. CEO Lloyd Spencer highlighted the potential impact on greenhouse gas reduction and investment opportunities. The technology supports CarbonMeta's mission of environmental sustainability and transforming industrial waste into valuable products.
- CarbonMeta Technologies has filed a groundbreaking provisional patent for tracking CO2 in concrete using blockchain.
- The innovative technology aims to reduce the construction industry's carbon footprint by documenting CO2 sequestration.
- The patent filing with the USPTO signifies a substantial step in CarbonMeta’s mission to deploy green technology.
- The process offers investors opportunities to contribute to significant environmental impacts.
- CarbonMeta's subsidiary in Saudi Arabia has developed a proprietary concrete that captures up to 10% CO2 by weight.
- The technology ensures transparency and immutability of carbon credits data on the blockchain.
- The announcement does not provide specific details on the implementation timeline or commercial viability of the technology.
- There is no information on potential risks or challenges associated with integrating blockchain with CO2 sequestration in concrete.
- Lack of detailed financial projections or impact assessments on the company's revenue or operating costs.
Woodinville, WA, USA, May 28, 2024 (GLOBE NEWSWIRE) -- CarbonMeta Technologies Inc. (OTC PINK:COWI, “CarbonMeta”), a pioneering green technology company, today announced the filing of a groundbreaking provisional patent application with the United States Patent and Trademark Office (USPTO) for an innovative and verifiable process that transparently documents and tracks sequestered carbon dioxide (CO2) in concrete as carbon credits on a blockchain.
CarbonMeta's patent application outlines an innovative system that combines state-of-the-art carbon sequestration techniques with advanced blockchain technology. This groundbreaking approach aims to revolutionize the construction industry's efforts to reduce its carbon footprint. The process and software technology will help CarbonMeta and its customers accurately document and track the CO2 permanently captured in their cement-less concrete products. The captured CO2 will be represented as carbon credits and will be securely stored as elements on a blockchain, thereby ensuring transparency and immutability of the data.
"This provisional patent represents a pivotal step in our mission to create and deploy transformative solutions for a greener tomorrow," said Lloyd Spencer, President and CEO of CarbonMeta Technologies. "Our pioneering approach tackles the pressing issue of reducing greenhouse gas emissions head-on and offers investors an opportunity to make a significant impact in the fight against climate change."
CarbonMeta’s patent application was authored by Mohamed Khalil, Martyn Newby and Lloyd Spencer; and was filed with the USPTO on May 23, 2024, with patent development and legal counsel services from PatentManiac.
About CarbonMeta Technologies Inc.
CarbonMeta Technologies (OTC PINK: COWI) is an innovative green technology company focused on researching and developing innovative solutions for processing of industrial and organic waste materials and reducing greenhouse gas emissions. CarbonMeta Technologies’ subsidiary company in Saudi Arabia has developed a proprietary concrete that is carbon-negative and captures up to
For more information about CarbonMeta Technologies, please visit www.CarbonMetaTech.com.
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Forward-Looking Statement
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The ability of the Company to complete and file its Fiscal Year 2016 annual report on Form 10K relies on third parties to complete their activities. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
CONTACT INFORMATION
Mark Duiker
CarbonMeta Technologies Investor Relations
(425) 620-2366
Investor@CarbonMetaTech.com
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