Business & Finance
Business and Finance
Business and Finance
Wed, January 28, 2009Tue, January 27, 2009Mon, January 26, 2009Sat, January 24, 2009Fri, January 23, 2009Thu, January 22, 2009Wed, January 21, 2009Tue, January 20, 2009IBM, C-Lock Technology, Inc. and Enterprise Information Management, Inc. to Exhibit GreenCert GHG Measurement and Information M
DENVER--([ BUSINESS WIRE ])--C-Lock Technology, Inc., a subsidiary of Evergreen Energy Inc. (NYSE Arca: EEE), in concert with IBM and Enterprise Information Management Inc. (EIM), will exhibit its patented GreenCert™ greenhouse gas (GHG) measurement and carbon information management software in booth #707 at the 12th annual [ Energy and Environment Conference ] (EUEC) at the Phoenix Convention Center February 1-4.
C-Lock™ President Jim Bitonti will deliver a presentation entitled "Closing the Loop – From Power Plants to Agriculture to Sequestration" as part of the carbon sequestration track on Tuesday, February 3 at 2:40 p.m. Bitonti will describe how GreenCert stands as an innovative tool for mitigating greenhouse gas emissions from the power sector using the natural carbon sink capabilities found in agriculture.
Held annually in Phoenix since 1995, EUEC has grown to an expected 2000 attendees this year. It is the nation's largest energy and environment conference and is organized under the auspices of the U.S. Department of Energy, the Edison Electric Institute, the Electric Power Research Institute and C TRADE, a global renewable energy project development company.
The four-day conference will offer hundreds of sessions across dozens of topic area tracks that include U.S. climate policy, Kyoto and carbon markets, verified emissions reduction credits, carbon capture and storage, GHG inventories, carbon risks and costs, GHG standards, and GHG corporate strategies, among many others.
"The GreenCert software solution is the world's most accurate tool for the measurement and management of GHG gases," said Jim Bitonti, president of C-Lock™. "Our software modules for the energy and agriculture sectors are now in general availability status and with our recent Eastern European deployment announcement and acquisition of Carbon Credit Corp. of Canada, EUEC presents the perfect platform for C-Lock to exhibit the advantages of its science-based approach to carbon information management."
The C-Lock GreenCert products provide advanced accuracy and precision in GHG measurements and comprehensive information management capabilities. The [ IBM framework ] platform is integrated with the patented C-Lock methodologies to include real-time communications, data collection, extensive correlation processes and the integration of large-scale models with a scalability dimension for both worldwide applications and large enterprise applications. The proprietary C-Lock software was integrated with IBM software products and tools by [ Enterprise Information Management Inc ]., a premier IBM business partner for integration services.
C-Lock [ recently announced ] the general availability status of its GreenCert software products for the accurate and precise measurement of GHG emissions in the energy and agriculture sectors. In mid-December, [ C-Lock announced an agreement ] for the deployment of its technology in Eastern Europe, starting in Poland.
According to [ The World Bank ], global trade in carbon credits was valued at US$64 billion in 2007 compared to US$31 billion in 2006. According to [ Point Carbon ], a leading provider of carbon markets information, the global 2008 carbon market grew faster in terms of volume and value than estimated, with 4.9 billion tons of carbon dioxide equivalent changing hands, an 83 percent increase over 2007. The recently-released Point Carbon study estimated the total 2008 carbon market value at $125 billion, double the 2007 level.
About C-Lock™ Technology, Inc.
C-Lock Technology, Inc., a subsidiary of [ Evergreen Energy Inc. ] (NYSE Arca: EEE), is developing GreenCert™, a Web-based carbon information management tool for agriculture and industry, including the energy industry. GreenCert™ is a combined solution set that integrates IBM software products and tools with customized C-Lock Technology, Inc. software processes for the complex task of precise and accurate GHG measurements. The IBM framework platform is based on a service-oriented architecture (SOA) that merges a comprehensive software set that includes real-time communications, through an Enterprise Service Bus, data collection, extensive correlation processes and integration of large-scale models. The architecture meets current GHG processing Demands and is scalable for worldwide and large enterprise applications. On the Web at [ www.c-locktech.com ].
Statements in this news release that relate to future plans or projected results of Evergreen Energy Inc. and C-Lock Technology, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the "safe harbor" provisions of the PSLRA. Our actual results may vary materially from those described in any "forward-looking statement" due to, among other possible reasons, the realization of any one or more of the risk factors described in our annual or quarterly reports, or in any of our other filings with the Securities and Exchange Commission, all of which filings any reader of this news release is encouraged to study. Readers of this news release are cautioned not to put undue reliance on forward-looking statements.
