E-Waste Systems Announces Completion of the First Carbon Credit Technology for eWaste


Immediate Deployment with Village Green Global to Lead Implementation

London, UK - E-Waste Systems, Inc. (EWSI) (the “Company”), an electronic waste management and reverse logistics company and the first public pure eWaste company, announced today the completion of the revolutionary first Carbon Credit system for eWaste, named eWasteCC™.

Simultaneously with this announcement, EWSI announces the implementation of its eWaste and carbon credit initiative by appointing Village Green GlobalInc. (“VGG”) as its Lead Energy and Carbon Advisors. VGG will be immediately tasked to initiate a project launch plan for China using eWasteCC™.

The exponential proliferation of electronics, including global manufacturing, distribution, and the resultant e-waste, leaves a massive carbon footprint. Predicted to be the world's biggest commodity market growing to $1 trillion within a decade, the management of carbon emissions is one of the fastest-growing segments in many developed cities. The global carbon market is estimated at $84 billion at the end of 2012. North America will see the highest growth in relative terms, with traded volume reaching 300Mt in 2013, more than double the volume traded last year, worth an estimated €2.5 billion, equivalent to a four-fold increase on 2012. [1]

“Adding the carbon credit community to the eWaste community enlarges our market opportunity. It also creates a broader awareness, provides further incentives and fosters faster adoption of proper eWaste recycling services while fighting the negative effects of landfills. Our technology and engineering gives us a unique and unsurpassed edge. This is fundamental for global development of our eWaste™ brand and our company.” stated Martin Nielson, CEO of EWSI.

This breakthrough technology brings the first public carbon credit trading ability to the e-waste industry. eWasteCC™ is a software solution of EWSI developed with Village Green Global (“VGG”) to be operated under the eWaste Carbon Credit (eWasteCC™) brand name.

“Now for the first time and following our announced commitment to developing eWasteCC™, we will be able to offer and to support carbon credit trading for our growing global eWaste network. Expected availability is Q3 2013 and we will be offering it to all EWSI affiliates, subsidiaries and licensees following Beta testing,” added Mr. Nielson. Commenced in March 2013, the development has been in record time. “VGG has done a great job and proven to be true professionals and experts in the carbon credit field,” added Mr. Nielson.

eWasteCC™ is a proprietary e-waste software technology that identifies and quantifies the energy usage of electronic assets with the objective of reducing energy consumption, achieving compliant recycling, and facilitating carbon trading, all under the eWasteCC™ brand name. The module integrates with VGG's SMARTWeb™ system -- a proprietary and scalable energy reporting and carbon accounting tool offered as Software as a Service (SaaS) to large greenhouse gas emitters and other organizations to reduce their energy and operating costs, validate their emissions, document their reductions and support carbon credit trading.

Electronics are a major contributor to the expansion of greenhouse gas emissions: the raw materials used to produce them are energy intensive and they are transported globally. When landfilled, all the constituent materials and energy consumed in manufacturing and distribution is largely wasted. It is estimated that the embodied emissions in electronic goods imported to the US alone increased nearly 300% from ~170 Million tons of CO2 in 1997 to ~470 Million tons just seven years later, primarily driven by increased consumption of computers and peripherals, audio/video equipment, wireless communications equipment, and various components. [2]

Carbon emissions trading has been steadily increasing. Since 2010, trading activity in the world’s carbon markets has increased steadily by around 25% each year. In 2012, Bloomberg New Energy Finance reported transaction volumes across the world’s carbon markets of 10.7 billion metric tons – equivalent to a third of the world’s total emissions of CO2. [8] In 2010, 33.5 billion metric tons of CO2 emissions were recorded in the entire world representing 4,900 tons per person. In terms of dollars, it has also increased. The World Bank has estimated that the size of the carbon market was 11 billion USD in 2005, 30 billion USD in 2006, and 64 billion in 2007. [5,7] As of June 2013 California raised more than $280 million selling greenhouse gas emission permits in its third auction, with businesses paying a record $14 per metric ton for the right to release carbon this year. [6]

“EWSI, along with its affiliates and licensees, will be a recipient of the added benefit of the generation of additional revenues from these software supported audits -- further carbon credits, included. Our EWSI network will have exclusive access.” says Martin Nielson, CEO of EWSI.

During the development of eWasteCC™, EWSI and VGG have been collaborating on the opportunities and challenges that exist in energy and carbon management for the emerging EWSI business in China. EWSI is therefore pleased to extend the existing relationship with VGG to utilize their consultancy, which has global knowledge of energy and carbon related activities, to act as Lead Energy and Carbon Advisors with initial focus on China.

“We are immediately deploying VGG’s expertise into a most active market where the combination of carbon credits and eWaste is our unique advantage. Based on numerous requests, we have decided to time this initiative with the completion of eWasteCC™ and to do so into China, our first beta market,”adds Martin Nielson, CEO of EWSI.

China surpassed the USA as the largest emitter of Greenhouse Gases (GHG) in 2006 when it produced 6.2 billion tons of CO2 overtaking the USA at 5.8 billion tons. Since then, it has only increased the gap over the USA as the Chinese economy has grown roughly at a more than 8% annual average. [9]

Expanding EWSI’s technology offerings is one of the three most important goals for EWSI this year along with expanding the Company’s global brands and accelerating its revenues.

“As China moves towards Government supported carbon trading, it is vital that ESWI is positioned correctly to maximize the environmental and financial benefits that pertain to their operations in the region. VGG is pleased to be working with EWSI in China and looks forward to assisting EWSI to achieve their objectives” said Doug Smith, Founder and CEO, VGG.

“eWasteCC™ will enable greater automation of tracking eWaste at a consumer level to maximize landfill diversion and to monetize the environmental benefits accordingly. Village Green Global has enjoyed working with the EWSI team to date to leverage their industry leadership and knowledge to develop a world leading product in managing eWaste”, added Mr Smith, the principal behind the software being developed and branded as eWasteCC™.

Also collaborating with EWSI and VGG on eWasteCC(TM) is Semper Pacific Wealth Strategies (SPWS), an investment advisory and business development firm, and its’ CEO Michael W. Malott, who is also a material investor in the module. "I am pleased to see that all the hard work and effort has brought EWSI within striking distance of a full scale launch in the emissions offsets niche," said Mr. Malott.

For more information as it happens, follow:
@EWasteSystemsIn (https://twitter.com/EWasteSystemsIn) on Twitter and Facebook (http://www.facebook.com/ewastesystems) and on the company’s blog at www.ewastesystems.blogspot.com

Or contact: Investor Relations at: ir@ewastesystems.com

[1] Environmental Leader, http://www.environmentalleader.com/2013/02/12/n-american-carbon-markets-to-more-than-double-this-year/
[2] Proceedings of the 2007 IEEE International Symposium on Electronics and the Environment
Carbon Emissions Embodied in Importation, Transport and Retail of Electronics in the U.S.: A Growing Global Issue, Orlando, FL, USA, May 07-May 10, ISBN: 1-4244-0861-X.
[3] The Environment Protection Authority of Victoria, Australia defines a carbon credit as a “generic term to assign a value to a reduction or offset of greenhouse gas emissions, usually equivalent to one ton of carbon dioxide equivalent (CO2-e).
[4] The Investopedia dictionary defines a carbon credit as a “permit that allows the holder to emit one ton of carbon dioxide” which “can be traded in the international market at their current market price”.
[5] According to the World Bank, Carbon Finance at the World Bank.
[6] Environmental Leader, http://www.environmentalleader.com/2013/06/11/rggi-carbon-price-rises-15.
[7] Carbon Dioxide Information Analysis Center (CDIAC). http://cdiac.ornl.gov/trends/emis/perlim_2009_2010_estimates.html
[8] http://about.bnef.com/press-releases/carbon-market-activity-highest-on-record-2.
[9] http://news.mongabay.com/2007/0620-china.html

Carbon Credit
A carbon credit is a generic term for any tradable certificate or permit representing the right to emit one ton of carbon dioxide or the mass of anothergreenhouse gas with a carbon dioxide equivalent (tCO2e) to one ton of carbon dioxide.3,4 Carbon credits and carbon markets are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). One carbon credit is equal to one metric ton of carbon dioxide, or in some markets, carbon dioxide equivalent gases.

Industry Expansion
The e-waste and reverse logistics market has become a $100B+ annual business (Source:Blumberg Associates), excluding much of the resale of still usable goods that flood the marketplace as new updates in software and hardware are released. Furthermore, as environmental legislation and policies sets more stringent requirements for the disposal of these items, many analysts and practitioners expect e-waste to grow faster than any other waste stream over the next 5 years. The benefits of e-waste management and recycling are many, including conservation of natural resources, creation of new jobs, prevention of environmental contamination by toxic chemicals, and reduction of energy requirements.

About E-Waste Systems, Inc.
E-Waste Systems, Inc. is the first pure play public company in the emerging waste electrical and electronics equipment ("WEEE") industry. EWSI targets companies facing regulatory or other mandates for handling e-waste. EWSI operates and assists its large geographical network of affiliates to apply best practices in professional management, offer state-of-the-art engineering, providing a true global e-waste solution. Additional information, including the business plan summary, is available on the Company’s website, www.ewastesystems.com.

Safe Harbor Statement:

Certain statements and information included in this release may constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.


Investor Relations

View Comments (1)