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Zefiro Methane Corp. Announces Enhanced Orphaned Oil & Gas Well Capabilities via Partnerships Implementing AI & Blockchain-Backed Technologies

GlobeNewswire LogoGlobeNewswire16h ago

Zefiro Methane Corp. Announces Enhanced Orphaned Oil & Gas Well Capabilities via Partnerships Implementing AI & Blockchain-Backed Technologies - GlobeNewswire

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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.

Zefiro will work with numerous partners, including Geolabe, Keynum, and CarbonAi, to implement artificial intelligence and blockchain-backed solutions that will accelerate the Company’s well identification and carbon credit issuance efficiency by approximately 50 percentFORT LAUDERDALE, Fla., Feb.25, 2025 (GLOBE NEWSWIRE) -- 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.

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.

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Article Details

Author / Journalist: Zefiro Methane Corp

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 21:30:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 1303 words

Reading Time: 8 minutes read

Sentences: 38 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 26444486

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 83 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 11 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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