Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF)
(“Abaxx” or the “Company”), a financial software and market
infrastructure company, majority shareholder of
Abaxx
Singapore Pte Ltd. (“Abaxx Singapore”), the owner of
Abaxx Commodity Exchange and Clearinghouse
(individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer
of the
SmarterMarkets™ Podcast, today announced
that Abaxx Singapore has formed a partnership with ZEMA Global Data
Corporation (“
ZEMA”), a leading provider of
enterprise data and analytics for the commodity and energy sectors.
The collaboration integrates Abaxx Exchange market data into ZEMA’s
platform, delivering seamless access to verified trade data and
price references for market participants.
The partnership expands the accessibility of
Abaxx Exchange’s market data to global financial institutions and
commodity market participants through ZEMA’s advanced data
platform. By integrating Abaxx’s suite of physically-deliverable
commodity futures contracts — including LNG, nickel sulphate,
carbon, and soon- launching lithium carbonate contracts — the
collaboration enables end users to streamline data workflows and
improve transparency. This integration facilitates timely access to
reliable price references, supporting market participants in
managing price volatility and developing effective hedging
strategies.
“With this expansion of market data technology,
we aim to empower commodity and energy markets with reliable price
discovery and actionable hedging instrument prices,” said Nancy
Seah, CEO of Abaxx Singapore. “This will enable market participants
to execute their strategies with greater confidence. By improving
the ecosystem, we help ensure a consistency in approach to risk
management standards.”
Eric Steimel, Chief Data Officer of Zema added:
“ZEMA Global is excited to announce our new data partnership with
Abaxx Exchange. With a focus on LNG, carbon, and battery metals,
Abaxx futures products provide much-needed price transparency and
risk management solutions to help build smarter markets. This
collaboration marks a powerful and much welcomed addition to ZEMA’s
data platform as we continue to offer the most comprehensive,
timely, and accurate data and analytics solutions for our
clients.”
About Abaxx Technologies
Abaxx is building Smarter Markets — markets
empowered by better financial technology and market infrastructure
to address our biggest challenges, including the energy transition.
In addition to developing and deploying financial technologies that
make communication, trade, and transactions easier and more secure,
Abaxx is an indirect majority-owner of subsidiaries Abaxx Exchange
and Abaxx Clearing, recognized by MAS as a “recognised market
operator” (RMO) and “approved clearing house” (ACH),
respectively.
Abaxx Exchange and Abaxx Clearing are a
Singapore-based commodity futures exchange and clearinghouse,
introducing centrally cleared, physically deliverable commodities
futures and derivatives to provide better price discovery and risk
management tools for the commodities critical to our transition to
a lower-carbon economy.
For more information please
visit abaxx.tech, abaxx.exchange
and smartermarkets.media.
About ZEMA Global Data
Corporation
ZEMA Global Data Corporation is a leading
provider of data, analytics and curve solutions, empowering
organizations to harness the power of data for informed
decision-making and strategic growth. With a commitment to
innovation and client success, ZEMA delivers unparalleled value to
its global clientele.
For more information about this press
release, please contact:Steve Fray, CFOTel: +1 647 490
1590
Media
and Investor
inquiries:Abaxx Technologies Inc.Investor Relations
TeamTel: +1 647 490 1590E-mail: ir@abaxx.tech
Cautionary Statement Regarding Forward-Looking
Information
This press release includes certain
“forward-looking statements” which do not consist of historical
facts. Forward-looking statements include estimates and statements
that describe Abaxx’s future plans, objectives, or goals, including
words to the effect that Abaxx expects a stated condition or result
to occur. Forward-looking statements may be identified by such
terms as “seeking”, “should”, “intend”, “predict”, “potential”,
“believes”, “anticipates”, “expects”, “estimates”, “may”, “could”,
“would”, “will”, “continue”, “plan” or the negative of these terms
and similar expressions. Since forward-looking statements are based
on current expectations and assumptions and address future events
and conditions, by their very nature they involve inherent risks
and uncertainties. Although these statements are based on
information currently available to Abaxx, Abaxx does not provide
any assurance that actual results will meet respective management
expectations. Risks, uncertainties, assumptions, and other factors
involved with forward- looking information could cause actual
events, results, performance, prospects, and opportunities to
differ materially from those expressed or implied by such
forward-looking information.
Forward-looking information related to Abaxx in
this press release includes, but is not limited to: Abaxx’s
objectives, goals or future plans; expansion of market data
technology and the benefits to market participants; and the
benefits to the Company from the partnership with ZEMA. Such
factors impacting forward-looking information include, among
others: risks relating to the global economic climate; dilution;
Abaxx’s limited operating history; future capital needs and
uncertainty of additional financing; the competitive nature of the
industry; currency exchange risks; the need for Abaxx to manage its
planned growth and expansion; the effects of product development
and need for continued technology change; protection of proprietary
rights; the effect of government regulation and compliance on Abaxx
and the industry; acquiring and maintaining regulatory approvals
for Abaxx’s products and operations; the ability to list Abaxx’s
securities on stock exchanges in a timely fashion or at all;
network security risks; the ability of Abaxx to maintain properly
working systems; reliance on key personnel; global economic and
financial market deterioration impeding access to capital or
increasing the cost of capital; and volatile securities markets
impacting security pricing unrelated to operating performance. In
addition, particular factors which could impact future results of
the business of Abaxx include but are not limited to: operations in
foreign jurisdictions; protection of intellectual property rights;
contractual risk; third-party risk; clearinghouse risk; malicious
actor risks; third- party software license risk; system failure
risk; risk of technological change; dependence of technical
infrastructure; changes in the price of commodities; capital market
conditions; and restriction on labor and international travel and
supply chains in addition to the risk factors identified in the
Company’s most recent management discussion and analysis filed on
SEDAR+. Abaxx has also assumed that no significant events occur
outside of Abaxx’s normal course of business.
Abaxx cautions that the foregoing list of
material factors is not exhaustive. In addition, although Abaxx has
attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated, or intended. When
relying on forward- looking statements and information to make
decisions, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events.
Abaxx has assumed that the material factors referred to in the
previous paragraphs will not cause such forward-looking statements
and information to differ materially from actual results or events.
However, the list of these factors is not exhaustive and is subject
to change and there can be no assurance that such assumptions will
reflect the actual outcome of such items or factors. The
forward-looking statements and information contained in this press
release represents the expectations of Abaxx as of the date of this
press release and, accordingly, is subject to change after such
date. Abaxx undertakes no obligation to update or revise any
forward-looking statements and information, whether as a result of
new information, future events or otherwise, except as required by
law. Accordingly, readers are cautioned not to place undue reliance
on these forward-looking statements and information. Cboe Canada
does not accept responsibility for the adequacy or accuracy of this
press release.
Abaxx Technologies (NEO:ABXX)
Graphique Historique de l'Action
De Fév 2025 à Mar 2025
Abaxx Technologies (NEO:ABXX)
Graphique Historique de l'Action
De Mar 2024 à Mar 2025