Spectaire Completes First Ever Carbon Credit Transaction Sourced from Measured1 Diesel Engine Emissions and Takes Carbon Credit Trading Platform AireCoreX Live; Announces NASDAQ Hearing Results
Spectaire Holdings Inc. (NASDAQ: SPEC) has launched AireCoreX, a carbon credit trading platform, and completed the first-ever carbon credit transaction sourced from measured diesel engine emissions using its AireCore technology. The company targets over 10 million diesel engines worldwide, with each engine potentially producing 100+ carbon credits annually. With carbon credits priced at over $100 each, Spectaire estimates a potential addressable market exceeding $100 billion.
However, Spectaire received notice from NASDAQ that its common stock will be delisted and suspended from trading on August 7, 2024, due to failure to meet listing requirements. The company's stock is expected to transition to the over-the-counter market under the symbol 'SPEC'.
Spectaire Holdings Inc. (NASDAQ: SPEC) ha lanciato AireCoreX, una piattaforma per il trading di crediti di carbonio, e ha completato la prima transazione di credito di carbonio mai effettuata partendo dalle emissioni misurate di motori diesel utilizzando la sua tecnologia AireCore. L'azienda mira a oltre 10 milioni di motori diesel in tutto il mondo, con ciascun motore che potrebbe generare oltre 100 crediti di carbonio all'anno. Con i crediti di carbonio valutati a oltre 100 dollari ciascuno, Spectaire stima un mercato potenziale di oltre 100 miliardi di dollari.
Tuttavia, Spectaire ha ricevuto una comunicazione da NASDAQ riguardo al fatto che le sue azioni ordinarie verranno rimosse dalla quotazione e sospese dalla negoziazione il 7 agosto 2024, a causa della mancata conformità ai requisiti di quotazione. Si prevede che le azioni dell'azienda passeranno al mercato over-the-counter sotto il simbolo 'SPEC'.
Spectaire Holdings Inc. (NASDAQ: SPEC) ha lanzado AireCoreX, una plataforma de comercio de créditos de carbono, y ha completado la primera transacción de crédito de carbono obtenida de las emisiones medidas de motores diésel utilizando su tecnología AireCore. La compañía tiene como objetivo más de 10 millones de motores diésel en todo el mundo, y cada motor podría generar más de 100 créditos de carbono anualmente. Con los créditos de carbono por un valor de más de 100 dólares cada uno, Spectaire estima que el mercado potencial abordable supera los 100 mil millones de dólares.
No obstante, Spectaire ha recibido un aviso de NASDAQ de que sus acciones ordinarias serán retiradas de la lista y suspendidas de negociación el 7 de agosto de 2024, debido al incumplimiento de los requisitos de listado. Se espera que las acciones de la compañía pasen al mercado extrabursátil bajo el símbolo 'SPEC'.
스펙테어 홀딩스 주식회사 (NASDAQ: SPEC)가 AireCoreX라는 탄소 크레딧 거래 플랫폼을 출범시키고, AireCore 기술을 사용하여 측정된 디젤 엔진 배출량으로부터 최초의 탄소 크레딧 거래를 완료했습니다. 이 회사는 전 세계적으로 1천만 대 이상의 디젤 엔진을 목표로 하고 있으며, 각 엔진은 매년 100개 이상의 탄소 크레딧을 생성할 수 있습니다. 탄소 크레딧이 각각 100달러 이상의 가격에 거래됨에 따라, 스펙테어는 1천억 달러를 초과하는 잠재 시장을 추정하고 있습니다.
하지만, 스펙테어는 NASDAQ으로부터 2024년 8월 7일에 상장 요건을 충족하지 않아 보통주가 상장 폐지되고 거래 중단될 것이라는 통지를 받았습니다. 회사의 주식은 'SPEC' 기호 아래에서 장외 시장으로 전환될 것으로 예상됩니다.
Spectaire Holdings Inc. (NASDAQ: SPEC) a lancé AireCoreX, une plateforme de trading de crédits carbone, et a réalisé la première transaction de crédit carbone basée sur les émissions mesurées de moteurs diesel en utilisant sa technologie AireCore. L'entreprise vise plus de 10 millions de moteurs diesel dans le monde, chaque moteur pouvant potentiellement produire plus de 100 crédits carbone par an. Avec des crédits carbone évalués à plus de 100 dollars chacun, Spectaire estime un marché adressable potentiel dépassant les 100 milliards de dollars.
Cependant, Spectaire a reçu un avis de la NASDAQ indiquant que ses actions ordinaires seront retirées de la cotation et suspendues de la négociation le 7 août 2024, en raison du non-respect des exigences de cotation. On s'attend à ce que les actions de l'entreprise passent sur le marché de gré à gré sous le symbole 'SPEC'.
Spectaire Holdings Inc. (NASDAQ: SPEC) hat AireCoreX, eine Plattform für den Handel mit Kohlenstoffgutschriften, ins Leben gerufen und die erste Kohlenstoffgutschriftetransaktion auf der Basis von gemessenen Dieselmotor-Emissionen unter Verwendung seiner AireCore-Technologie abgeschlossen. Das Unternehmen zielt auf über 10 Millionen Dieselmotoren weltweit, wobei jeder Motor potenziell über 100 Kohlenstoffgutschriften jährlich erzeugen kann. Bei einem Preis von über 100 Dollar für jeden Kohlenstoffgutschrift schätzt Spectaire einen angesprochenen Markt, der 100 Milliarden Dollar übersteigt.
Jedoch erhielt Spectaire eine Mitteilung von NASDAQ, dass ihre Stammaktien am 7. August 2024 von der Börsennotierung ausgeschlossen und der Handel ausgesetzt wird, da die Listungsanforderungen nicht erfüllt wurden. Es wird erwartet, dass die Aktienstückelung des Unternehmens unter dem Symbol 'SPEC' in den außerbörslichen Markt übergeht.
- Launched AireCoreX, a carbon credit trading platform
- Completed first carbon credit transaction from measured diesel engine emissions
- Potential to generate 100+ carbon credits annually per engine
- Targeting 10M+ diesel engines worldwide
- Estimated addressable market exceeding $100 billion
- Delisted from NASDAQ due to failure to meet listing requirements
- Trading suspended on NASDAQ from August 7, 2024
- Transitioning to over-the-counter market trading
Spectaire's launch of AireCoreX and completion of the first carbon credit transaction from measured diesel engine emissions marks a significant milestone in environmental technology. The AireCore system's ability to provide accurate, transparent measurements addresses a critical gap in the carbon credit market. With a potential to generate
However, the technology's adoption rate and scalability remain uncertain. The claim of
While Spectaire's technological advancement is promising, the company faces significant challenges. The delisting from NASDAQ is a major setback, potentially impacting investor confidence and access to capital. Trading on the OTC market may limit liquidity and institutional investment.
The carbon credit market's volatility and regulatory uncertainties pose risks. However, if Spectaire can capitalize on its first-mover advantage and scale effectively, it could capture a substantial market share. The company's financial stability and ability to monetize its technology in the short term will be critical for its survival and growth in this competitive landscape.
The carbon credit market's
However, market acceptance will depend on regulatory alignment, industry partnerships and competitive pricing. The company must navigate complex international carbon trading regulations and build trust in its blockchain certification process. Spectaire's success hinges on its ability to differentiate its offering in a market that includes established players and emerging technologies.
Targeting 10M+ diesel engines with emission mitigation technology
Spectaire’s AireCore technology and Newly Launched AireCoreX trading platform can enable the creation of 100+ carbon credits per engine annually
Similar carbon credits priced at over
WATERTOWN, Mass., Aug. 06, 2024 (GLOBE NEWSWIRE) --
AireCoreX Launch
Spectaire Holdings Inc. (NASDAQ: SPEC) (“Spectaire” or the “Company”), a pioneer in environmental measurement technology, today announced the launch of its innovative carbon credit trading platform, www.AireCoreX.com, and the completion of the first-ever carbon credit transaction sourced directly from measured diesel engine emissions using the Company’s AireCore technology. This significant milestone positions Spectaire at the forefront of sustainable technology, leveraging its AireCore system to provide unparalleled transparency and accuracy in carbon credit measurement.
Brian Semkiw, CEO of Spectaire, stated, “With over 10 million diesel engines worldwide that can benefit from emissions mitigation technology, there is a significant opportunity to generate substantial carbon credits for those trucking fleets, oil and gas companies and ship owners that take steps to mitigate emissions. Each engine has the potential to produce at least 100 carbon credits annually. We believe that measured emissions will create carbon credits that are more valuable, and having a platform to transact carbon credits will make the market more accessible. As the carbon credit market has seen prices exceed
The Company believes that this groundbreaking transaction is a pivotal moment in e-commerce history, as Semkiw states, “The completion of the first measured emissions-generated carbon credit on AireCoreX is comparable to Amazon selling its first book. It's a historic step towards transforming the carbon credit market.”
AireCoreX offers a comprehensive and user-friendly experience for participants in the carbon credit market. The platform provides a seamless online portal for the purchase of existing carbon credits and the pre-purchase of credits to be generated. Users can customize their credits based on geography and industry, tailoring their carbon offset strategies to meet specific needs. Each transaction is backed by detailed block chain certification and comprehensive data, ensuring full transparency and auditability.
The rise of carbon credits as a critical component in corporate net-zero strategies has been significant. In 2023, the global market expanded by
Current market challenges, such as the reliance on projections for future reductions and the lack of auditability, often undermine the credibility of carbon credits. AireCoreX addresses these issues by utilizing direct field measurements for CO2e gases, ensuring the accuracy and reliability of each credit. This approach provides a robust solution to the inconsistencies and inaccuracies prevalent in traditional methods.
NASDAQ Hearing Results
Unfortunately, Spectaire’s significant recent business accomplishments have not occurred in time to enable it to satisfy Nasdaq listing requirements. On August 5, 2024, the Company received a letter from the NASDAQ Hearings Panel that, following the Company’s hearing before the Panel on July 23, 2024, NASDAQ has determined to delist the Company’s common stock and that trading in the Company’s securities will be suspended from NASDAQ at the open of trading on August 7, 2024. It is anticipated that the Company’s common stock will be subject to quotation and trading on the over-the-counter market as of August 7, 2024 under the Company’s existing trading symbol “SPEC.”
Brian Semkiw, CEO of Spectaire, commented, “While we are disappointed to receive this notice, we view this as a transitional phase in our journey. Our commitment to driving innovation in air quality and emissions reduction technology remains unwavering. We are excited about our future prospects and will continue to focus on executing our long-term strategy, including exploring new markets and expanding our product offerings. We believe that trading on the OTC Markets Group platform will provide our investors with a continued trading venue as we work towards achieving our business objectives.”
Spectaire Holdings is dedicated to pioneering solutions that drive environmental sustainability and operational efficiency across industries. For more information about AireCoreX and its benefits, please visit https://www.spectaire.com.
About Spectaire Holdings Inc.
Spectaire Holdings Inc. (NASDAQ: SPEC) is a leading company in environmental measurement technology, committed to providing innovative solutions for accurate, accessible, and efficient analytical capabilities across various industries. Our mission is to enhance scientific and industrial processes through advanced spectral analysis technologies.
For additional information, contact: IR@spectaire.com
Dave Gentry
RedChip Companies Inc.
1-800-733-2447
1-407-491-4498
SPEC@redchip.com
Forward-Looking Statements:
This release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “would,” “will continue,” “will likely result,” and similar expressions. The forward-looking statements are based on the current expectations of the management of Spectaire and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. Forward-looking statements reflect material expectations and assumptions, including without limitation expectations and assumptions. Such expectations and assumptions are inherently subject to uncertainties and contingencies regarding future events and as such are subject to change. Forward-looking statements involve a number of risks, uncertainties, or other factors that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include but are not limited to those discussed and identified in public filings made by Spectaire with the U.S. Securities and Exchange Commission (the “SEC”) and the following: Spectaire’s ability to operate as a going concern; Spectaire’s requirement of significant additional capital; Spectaire’s limited operating history; Spectaire’s history of losses; Spectaire’s ability to attract qualified management; Spectaire’s ability to adapt to rapid and significant technological change and respond to introductions of new products in order to remain competitive; the loss of or nonperformance by one or more significant customers; disruptions of Spectaire’s manufacturing operation; changes in governmental regulations reducing demand for Spectaire’s products or increasing Spectaire’s expenses; the effects of global health crises on Spectaire’s business plans, financial condition, and liquidity; changes or disruptions in the securities markets; legislative, political, or economic developments; Spectaire’s failure to obtain any necessary permits or comply with laws and regulations and other regulatory requirements; accidents, equipment breakdowns, labor disputes, or other unanticipated difficulties or interruptions; potential cost overruns or unanticipated expenses in development programs; potential legal proceedings; and Spectaire’s failure to obtain or maintain insurance covering all of Spectaire’s operations. Should one or more of these risks or uncertainties materialize, or should any of the assumptions made by the management of Spectaire prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. All subsequent written and oral forward-looking statements concerning matters addressed herein and attributable to Spectaire or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Except to the extent required by applicable law or regulation, Spectaire undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
1 Prior carbon credits sourced from diesel engine emissions were based on estimates, rather than actual measured results.
FAQ
What is Spectaire's new carbon credit trading platform called?
How many diesel engines does Spectaire (SPEC) target with its emission mitigation technology?
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Where will Spectaire's (SPEC) stock trade after being delisted from NASDAQ?
