Strategic Alliance for Methane Reduction: EmissionTech RX, PureJet, and Carbon RX Sign MOU

Press Release

Regina, SK – March 15, 2024 – PureJet Inc. (“PureJet”) a division of Atlantis Research Labs (“Atlantis Labs”) an aerospace technology company entered into a binding memorandum of understanding (MOU) with EmissionTech RX Corp (“EmissionTech RX”) for the sale of its methane incineration products and related intellectual property. The MOU brings PureJet’s proprietary emissions reduction technology alongside Carbon RX Inc (“Carbon RX”) providing a pipeline of carbon crediting services needs where the PureJet incinerator is deployed.

“We are excited to add the family of PureJet incinerators to our group of companies,” says Marty Seymour, CEO of EmissionTech RX. “Acquiring this technology gives EmissionTech RX methane destruction capability in a variety of applications. Carbon RX will benefit through the validation and verification and streaming of the carbon credits produced.”

PureJet’s proprietary methane destruction technology is the result of advanced aerospace technology developed by Atlantis Labs over the previous 10 years that was customized to treat waste gas created as a result of oil and gas extraction. The key to its innovative application is the absence of moving parts.

“PureJet technology emerged from our jet propulsion work in the aerospace sector and has evolved into one of the worlds most premier waste gas treatment solution”, says Vladimir Mravcak, CEO of Atlantis Research Labs, developer of PureJet Technology. “We are excited to deliver a world-class solution to treat methane at any pressure, particularly as methane is 28x more harmful to the atmosphere than CO2.”

According to the International Energy Agency (IEA), in 2022 the global energy sector is responsible for nearly 135 million tonnes of methane emissions; the equivalent of 945 Million cars on the road. The IEA notes 75% of these methane emissions can be reduced by implementing mitigation practices.

Featured L-R: Director Atlantis Research Labs, Garth Frederickson, CEO of EmissionTech RX, Marty Seymour, Founder of PureJet, Vladimir Mravcak

The binding MOU was part of a signing ceremony held in Regina on Friday, February 18th, 2024.

About EmissionTech RX Inc.

EmissionTech RX located in Regina, SK is committed to reducing methane emissions from oil, gas, and animal agriculture as well as offering carbon credit project development through its affiliation with Carbon RX in the agriculture, forestry, and hydrocarbon sectors.

About Carbon RX

Headquartered in Treaty 4 Territory in Regina, SK, Carbon RX specializes in the origination and streaming of carbon credits on First Nation land. Backed by a team of agriculture, forestry, and hydrocarbon experts, Carbon RX provides high-fidelity carbon credits to the voluntary carbon market, ultimately aiding global companies in the race to net zero emissions.

About PureJet Inc.

Headquartered in Calgary, AB, PureJet Inc. was established in 2015 with a commitment to enhancing environmental sustainability in the global energy sector. PureJet Inc. leverages technology innovations to improve methane gas management. The company contributes to a cleaner future through the deployment of PureJet® waste gas incinerators, focused primarily in the upstream oil and gas sector.

About Atlantis Research Labs Inc.

Atlantis Research Labs, established in 2007, is a Canadian research and development company at the forefront of innovation. Atlantis Research Labs is the inventor of advanced waste gas incineration technology with up to 99.9% methane combustion efficiency. Atlantis has helped evolve the current state-of-the-art in combustion and propulsion technologies for the aerospace, energy, and defence sectors. Atlantis serves these markets through advanced capabilities in engineering, manufacturing, and patent licensing.

For more information, visit carbonrx.com.

For media inquiries

Carson Sinclair

Cell: 306-690-9235

E‐mail: carson.sinclair@carbonrx.com

IBF4