C-Lock News
C-Lock(TM) Announces General Availability (GA) Status for Two
GreenCert(TM) Software Products
DENVER, Dec 10, 2008 (BUSINESS WIRE) -- C-Lock Technology Inc. has completed
testing of two web-based GreenCert(TM) software products for the accurate
measurement and verification of greenhouse gas (GHG) emissions. GreenCert is now
in "General Availability" status for market deployment in the agriculture and
power generation industries.
The first two C-Lock(TM) GreenCert products are combined solution sets that
integrate IBM software products and tools with new, customized C-Lock Technology
Inc. software processes, which are patented globally, for the complex task of
precise and accurate GHG emissions measurement. The IBM framework platform is
based upon a service-oriented architecture (SOA) that brings together a very
comprehensive set of software that includes real-time communications through an
Enterprise Service Bus, data collection, extensive correlation processes and the
integration of large-scale models. The IBM SOA provides an architecture that
meets the current scope of GHG processing demands, but also has a scalability
dimension for both worldwide applications and large enterprise applications.
In late October 2008, IBM unveiled new software and services to help businesses
address energy efficiency challenges and create environmental business metrics.
As part of that announcement, IBM cited the release of GreenCert as a greenhouse
gas meter that "helps organizations in multiple industries measure, verify and
report GHG emissions with an emphasis on carbon management." The announcement
said that GreenCert was in beta testing with power and utility plants and that
it was the product of collaboration between IBM Software Group, Enterprise
Information Management (EIM, a premier IBM Business Partner for integration
services), and C-Lock Technology, Inc.
These accurate GHG measurements are the measurement quantifications necessary to
create certified, verified emission credits for both the energy and agriculture
industries, two sectors whose emissions make up the largest component of global
GHG emissions. In addition to the precise and accurate measurement capabilities,
the solution's ability to ingest massive amounts of data in real-time provides
an enterprise-wide management information system for carbon asset management.
The GreenCert energy module was measured against Continuous Emissions Monitoring
System (CEMS) data as reported to the EPA by utilities and was the basis for
C-Lock's accuracy measurement.
The GreenCert agriculture module has been tested on farmland under contract to
C-Lock in the states of Minnesota, North and South Dakota - specifically with
those farmers that have followed U.S. Department of Agriculture conservation
management practices that result in effective sequestration or capture of carbon
dioxide (CO2) in soil and vegetation. The results of these agriculture
measurements are being quantified into C-Lock carbon credits, and after
independent verification, will be available for sale at the end of December on
either a public exchange or through private placement.
"The progression of the GreenCert solution to General Availability status marks
a significant milestone on the way to GreenCert becoming the global leader for
the precise, accurate, verifiable and transparent measurement of GHG emissions,"
said Jim Bitonti, C-Lock president, who praised C-Lock partners IBM and EIM for
helping to achieve this milestone. "Our business and technology strategy
incorporated an investment strategy to first develop software products that are
comprehensive, and then engage the worldwide marketing and deployment resources
of IBM and EIM."
"With new carbon emissions regulations and legislation expected to emerge from
Washington, C-Lock is positioned to capitalize on present and future GHG
regulations that are or will be in place around the world," said Vince Cook,
C-Lock chairman and CEO. "Having these energy and agriculture products ready for
deployment is an important step that directly relates to C-Lock's mission to
become the world's most accurate tool for measuring GHG emissions," added Cook.
About C-Lock Technology Inc.
C-Lock Technology Inc., a subsidiary of Evergreen Energy Inc. (NYSE Arca: EEE),
is developing its web-based carbon information management tool for agriculture
and industry, including the energy industry and specifically Evergreen Energy's
cleaner coal business. 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.
SOURCE: C-Lock Technology Inc.
CONTACT:
C-Lock Technology Inc.
Analyst and Investors:
Jimmac Lofton, 303-293-2992
VP Corporate Development
jlofton@evgenergy.com
or
Media and Public Affairs:
Paul Jacobson, 303-293-2992
VP Corporate Communications
pjacobson@evgenergy.com |
