RCS - i(x) Net Zero PLC - Context Labs Announces Partnership with Williams

I (X) Net ZeroAnnouncement

23/03/2022 07:00

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RNS Number : 6759F  i(x) Net Zero PLC  23 March 2022

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i(x) Net Zero PLC

("i(x) Net Zero" or the "Company")

Portfolio Company Context Labs Announces Partnership with Williams

i(x) Net Zero PLC (AIM: IX.), the investing company which focuses on Energy
Transition and Sustainability in the Built Environment, is pleased to
announce that its portfolio company, Context Labs, an Enterprise Data Fabric
Climate Tech company, has secured a multi-year partnership with Williams, a
Fortune 500 American energy company with operations across the natural gas
value chain for large-scale enterprise-wide deployment of its
Immutably™-based Decarbonization as a Service™ ("DaaS(TM)") platform.

 

Context Labs is a developer of blockchain-enabled platform solutions that
deliver trust and transparency in order to help businesses track their carbon
emissions. The deployment of this enterprise data fabric solution will target
Williams' facilities, along with its upstream and downstream ecosystem
partners representing 30 percent of the natural gas in the United States, to
facilitate Williams' energy transition and affirm its commitment to provide
transparency and strong governance regarding its decarbonisation ambitions.

 

Steve Oyer, Chief Executive Officer of i(x) Net Zero, said: "We applaud the
team at Context Labs for achieving this historic milestone and securing its
first large-scale enterprise-wide client. Context Labs' "DaaS(TM)" platform
exemplifies what it means to implement sustainable business strategies that
foster energy transition at scale and provide investors access to tangible
impact. We look forward to seeing more companies taking a cue from Williams
and utilising data solutions to support their decarbonisation ambitions."

 

Dan Harple, Founder and CEO of Context Labs added: "We are thrilled to provide
key enabling technologies to Williams to support its energy transition
strategy. Our DaaS™ data fabric platform, based on our Immutably™
technologies, will integrate and connect the Williams ecosystem of supply
chain partners, enabling a full end-to-end solution. This is one step further
towards our goal for Context Labs' technology to serve as the bedrock for the
future of responsible, informed, and trusted Climate Tech."

 

 

- Ends -

 

 

For further information visit https://ixnetzero.com/ (https://ixnetzero.com/)
 or contact:

 i(x) Net Zero                               Via Buchanan below
 Steve Oyer - Chief Executive Officer
 Pär Lindström - Chief Investment Officer
 Marc Chennault - Chief Financial Officer

 H & P Advisory Limited                      +44 20 7907 8500

 Financial Adviser & Joint Broker
 Neil Passmore
 Ernest Bell
 Andy Crispin (Sales)

 Shore Capital                               +44 20 7408 4050

 Nominated Adviser & Joint Broker
 Tom Griffiths
 David Coaten

 Iain Sexton

 Buchanan
 Helen Tarbet                                +44 7872 604 453
 Simon Compton                               +44 7979 497 324
 Ariadna Peretz                              +44 7488 495 969

 

 

Notes to Editors

About i(x) Net Zero PLC

i(x) Net Zero PLC is an AIM quoted investing company that provides its
shareholders the opportunity to create long-term capital growth with
positive, scalable, measurable and sustainable impact on the environment and
on the communities it serves.

In accordance with its belief that the world's biggest problems are also the
biggest market opportunities, i(x) Net Zero focuses on two critical areas in
which it aims to make a positive impact: (i) Energy Transition and (ii)
Sustainability in the Built Environment. The Company uses a multi-strategy
investment approach, providing the companies in which it invests with the
expertise and catalytic capital to help them grow. To date, i(x) Net Zero has
invested in biofuels, direct air capture (carbon removal), renewable energy,
sustainable workforce housing and net zero construction technology.

i(x) Net Zero is a provisional signatory to the UN Principles for Responsible
Investing. The Company has received the London Stock Exchange's Green Economy
Mark.

About Context Labs

Context Labs provides solutions for customers who demand trusted provenance in
their data, tracked veracity through the data's supply chain of use, and a
requirement for trusted insights. It is dedicated to sourcing, organizing, and
contextualizing the world's ESG information, enabling data to become trusted,
shared, and utilized as Asset Grade Data to provide insights and solutions
through Asset Grade Analytics that informs markets. Context Labs' mission is
to provide the world's trusted data fabric platform, delivering Asset Grade
Data, using its Immutably(TM) Data Fabric platform, deploying machine
learning, Artificial Intelligence, and cryptographic blockchain technologies
for context-driven insights. The company was formed out of MIT research and is
comprised of a leadership team that has been instrumental in the at-scale
growth of the Internet, in prior companies.

For more information on Context Labs, please visit www.contextlabs.com
(http://www.contextlabs.com) or email press@contextlabs.com.

 

About Williams

Williams (NYSE: WMB) is committed to being the leader in providing
infrastructure that safely delivers natural gas products to reliably fuel the
clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an
industry-leading, investment grade C-Corp with operations across the natural
gas value chain including gathering, processing, interstate transportation and
storage of natural gas and natural gas liquids. With major positions in top
U.S. supply basins, Williams connects the best supplies with the growing
demand for clean energy. Williams owns and operates more than 30,000 miles of
pipelines system wide - including Transco, the nation's largest volume and
fastest growing pipeline - and handles approximately 30 percent of the natural
gas in the United States that is used every day for clean power generation,
heating, and industrial use.

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