Colorado Springs, CO, August 15, 2009 --(PR.com
)-- VerdeLogix Corp., a specialist in predictive analytics software for renewable energy, has signed a memorandum of understanding with Green Diamond Syndication Ltd. (GDS) of Santa Fe, NM specifying use of the VerdeLogix software portal for carbon offset trading, green energy credits, and carbon credits programs in global applications. VerdeLogix will provide the portal and trading platform, along with the technical and business infrastructure required. The company also will work closely with GDS to enhance the technology as needed.
GDS will use the platform and collaborate with VerdeLogix on joint planning and procedures for carbon offset trading. Royalty and commission structures from Green Diamond will be decided at a future date.
“We have advocated the use of the VerdeLogix VL1 portal in applications outside supply-side predictive analysis for utility companies,” said Dr. Khurshid Qureshi, CEO of VerdeLogix. “The agreement with GDS indicates that applications in carbon and green energy credit trading already are gaining interest in the user community.”
“Carbon credit trading is emerging in a new era where America will have the opportunity to engage with the full impact of regulation through incentive and broad application of science,” said J. Garrett Ralls, chairman and CEO of GDS. “Our partnership with VerdeLogix weds cutting-edge technology with an international aggregator of carbon credits, active in the Americas, Asia, and the Mid East North Africa region. This teaming enables GDS to sponsor real-time assessments of energy-based carbon emission conservation.”
The MOU is effective for a period of five years, but does not constitute a partnership, joint venture, or binding agreement.
VerdeLogix offers products to enable the integration of renewable energy sources into the electrical utility grids. It offers a supply-side portal for utilities to predict energy output due to variables affecting solar and wind sources, and also develops demand-side management and energy trading software products.
About Green Diamond Syndication:
GDS Ltd., based in Santa Fe, NM, is an aggregator and seller of premium carbon emission credits. GDS provides solutions tailored to this emerging Carbon Market that incorporate integrity, innovation, sound legal agreements, and technology for competitive advantage. The purpose of GDS is to assist clients in the development, registration and trading of carbon credits derived from large projects that reduce emissions while providing a "gold standard" in professional conduct and service.
For More Information Contact:
J Garrett Ralls