Context Labs Announces Partnership with Williams

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."

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For further information visit 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 Financial Adviser & Joint Broker	[phone]
Neil Passmore
Ernest Bell
Andy Crispin (Sales)
Shore Capital Nominated Adviser & Joint Broker	[phone]
Tom Griffiths
David Coaten Iain Sexton
Buchanan
Helen Tarbet	[phone]
Simon Compton	[phone]
Ariadna Peretz	[phone]

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 or email [e-mail].

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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