VAUGHAN, ONTARIO--(Marketwire - Nov 28, 2012) - Axios Mobile Assets Corporation (CNSX: AXA) representatives today confirmed the company has received approval from VCS (Verified Carbon Standard) for the adoption of the industry's first Light Weight Pallet Methodology to track and retire carbon units. This methodology positions Axios at the forefront of companies serving the logistics supply chain, as Axios is the first, and only, company in the world to receive approval by the VCS for this methodology within the Transport Energy Efficiency from Lightweight Pallets category.
Using this methodology provides firms, globally, the opportunity to earn carbon credits, as they move goods throughout the supply chain, to offset their carbon footprint. The essence of the methodology is the quantifiable and predictable greenhouse gas reductions that generate the verified carbon credits, which can be retired through the global VCS registry system.
Axios achieves this capability through its logistics solution that includes a 2,800-pound edge rackable, heavy duty, multi trip composite pallet and its enterprise level track and trace cloud based solution software. The Axios solution is a major driver of useable information, efficiency and overall visibility in supply and logistics chain for manufacturers and retailers. The methodology and Axios solution are ideal for use in a variety of industries, including pharmaceuticals, food and beverage, grocery, retail, government, high-value goods and others.
Companies looking to achieve true and sustainable environmental practices will now have a turnkey solution that can be easily integrated into current logistics operations through Axios. The methodology allows for operational cost savings, as the reduced weight of the pallet requires less fuel and reduced fleet maintenance. In addition, the track and trace solution provides accountability for shipments, alleviating concerns for theft and counterfeiting of high value goods as they move through the supply chain.
"This is truly a game-changing development for manufacturers and retailers that adopt the Axios solution into their logistics network and supply chain as it enables a major breakthrough to reduce their overall logistics costs," said Rich MacDonald, Axios President and CEO.
"Corporate Social Responsibility and sustainability target metrics for carbon footprint reduction can be achieved with no incremental cost or impact as adoption of the Axios solution in the logistics supply chain alleviates sustainability program start-up costs and can be easily integrated into existing operations processes. This solution is an example of how to implement out-of-the-box solutions that make green thinking and sustainability efforts pay back and generate great returns for the business."
"This new methodology perfectly illustrates how carbon finance can be an engine that helps businesses modernize their existing assets, while simultaneously reducing greenhouse gas emissions," said VCS Chief Executive Officer David Antonioli. "It also demonstrates how carbon finance can make supply chains greener, and given there are huge opportunities for emission reductions in the shipping industry generally, this methodology should serve as an exciting starting point for those business leaders interested in improving both their bottom line and the environment."
The Axios-developed methodology was written in conjunction and collaboration with sustainability industry experts, PE International and Five Winds Consulting. It was vetted and validated over a rigorous two-year period through two leading environmental agencies, First Environment and Bureau Veritas. The VCS has approved the methodology for global use.
About Axios Mobile Assets
Axios Mobile Assets Corp. is a logistics enabler, featuring next generation, composite pallet technology, which can be bundled with its proprietary tracking and information system that helps improve the value chain in the logistics market. The Axios bundled offering is gaining market acceptance based on its unique attributes: lower total cost, longer useful life, customized configurations and a revenue stream through carbon credit generation, monitoring and the monetizing of carbon emissions reductions. Axios was incorporated under the Business Corporations Act (Ontario) and is a reporting issuer in the Province of Ontario. Axios is traded on the Canadian National Stock Exchange (CNSX) under the symbol AXA.
Further information about the company can be found at www.axiosma.com, www.sedar.com and www.cnsx.ca.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this report and the documents that we incorporate by reference, are forward-looking statements and can generally be identified by words such as "will," "allow," "outlook," or the negative of these terms, and other comparable terminology. Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements, such as whether Axios and the pallet management company are able to agree on the terms of a definitive supply agreement, and whether Axios is able to meet price, performance, quality and delivery requirements. Axios undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.