Failsafe Canada Inc.

October 22, 2009 16:45 ET

Failsafe Canada Inc. Signs Licensing Agreements With Greenhouse Emissions Trading Corp. (GET), to Provide Canadian Carbon Offset Quantification Services

CALGARY, ALBERTA--(Marketwire - Oct. 22, 2009) - Failsafe Canada Inc. today announced that it has finalized a Licensing Agreement, with Greenhouse Emissions Trading Corp.(GET), an Alberta Corporation, that will capitalize on the current legislation regarding the Carbon and Green house gas offset market. The new agreement will provide for the integration of various data platforms required for the accurate quantification and verification of carbon offsets within the trading market. The licensing agreement will also complete the business relationship between Greenhouse Emissions Trading Corp.(GET), and (EOS) Emissions Offset Solutions Corp. of Calgary Alberta, a subsidiary corporation of Failsafe Canada Inc. This new business relationship will deliver to market, a powerhouse of carbon and GHG reduction and verification technologies, along with viable opportunities for market investors. Stacy Nephin of Greenhouse Emissions Trading Corp. (GET), says," this new and powerful relationship with (EOS) Emissions Offset Solutions Corp. will deliver market opportunities to potential participants of all sizes and abilities."

EOS, ( Emissions Offset Solutions Corp ), a pioneer in the Alberta offset marketplace, is a private company that provides quality leading edge GHG Emission Reduction solutions to industry. EOS delivers software products and services that assist industry in defining, quantifying, validating, certifying, serializing, aggregating and selling carbon credits and related green house gas offsets.

Failsafe Canada is currently participating in a project with Cattleland of Alberta, one of the countries largest feedyards, to quantify the new bovine protocols. Using Failsafe's proprietary technology, Cattleland will be able to produce Offset credits by utilizing the approved bovine protocols, which are now in the Failsafe system. The Manure management protocols are to be the next ones utilized in the Alberta offset market place.

Failsafe Canada is proud to announce that they now have a working relationship with the Canadian Offset Trade Association, COTA. COTA will work with stakeholder groups, government and related legislative bodies to further define and standardize the rules and regulations around certification and verification technologies for the offset market.

Failsafe Canada continues to provide QSyS, the leading Offset management application that manages the entire lifecycle of greenhouse gas reduction projects, which core elements include, Contact Management, Document Management and Contract Management, Supply Chain Management, Offset quantification, serialization, inventory management, Financial statements and other financial and operational reports. QSys is also available on a transactional or subscription basis for new aggregators.

EOS has added new protocols that are of significant interest to the livestock industry especially feedlots. The new protocols are: "Edible Oils", "Days on Feed" & "Beef Life Cycle". These new protocols complement the existing "No- Till" protocol, and energy efficiency protocols, which are already programmed into the existing EOS application. These additional protocols have all been approved by the Alberta government and commercialized by Failsafe Canada Inc.

Failsafe Canada is the leading system provider for organizations looking to aggregate offset credits. QSYS is a proven system that creates, tracks, and manages verified emissions reductions, (VERs) within the agriculture sector and is now able to handle other industry verticals such as Biofuels, Afforestation, Wind and other renewable energy markets. Failsafe Canada also provides MSys, a Carbon Offset management tool for (LFEs) industrial, large final emitters.

Aggregation and partnership opportunities are available. For further information about Alberta's Offset carbon credits, the Canadian offset market or the International Carbon Market, Contact Failsafe Canada Inc.

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