DevvStream Provides Corporate Update Outlining Accelerated Development of Market-Leading Carbon Credit Platform

Company continues to advance commercialization of technology-based decarbonization solutions through announcement of several strategic partnerships and new credit offset program expansions

VANCOUVER, British Columbia, Dec. 19, 2023 (GLOBE NEWSWIRE) -- DevvStream Holdings Inc. (“DevvStream” or the “Company”) (CBOE: DESG) (OTCQB: DSTRF) (FSE: CQ0), a leading carbon credit project co-development and generation firm specializing in technology-based solutions, today announced a general corporate update related to the advancement of its business strategy, including several business agreements, strategic partnerships, and programs that demonstrate accelerating growth and wider adoption of its technology-based carbon offset programs.

DevvStream recently announced the following additional signed agreements, strategic partnerships, and programs further demonstrating the company’s rapid growth and business momentum.

• EV Charging – On December 5, 2023, DevvStream announced a partnership with Go-Station, Inc. (“Go-Station”), an electric vehicle (“EV”) charging company, through which DevvStream will seek to leverage Go-Station’s network of EV charging stations in the United States for carbon credit generation. In exchange for services related to the development and monetization of carbon credits from Go-Station’s EV charging stations, DevvStream will retain a portion of any carbon credits generated.
  
• Carbon Credit Offtake Agreement – On October 3, 2023, DevvStream signed a new offtake agreement with the BC Road Builders and Heavy Construction Association (“BCRB”), centered on BCRB’s greenhouse gas reduction program, a revolutionary carbon offset project poised to make a substantial impact on global carbon emissions in the transportation sector. DevvStream has committed to the purchase of high-quality, verified carbon credits generated through the program, beginning in late 2024. This agreement is emblematic of the unique opportunity DevvStream offers for organizations to gain access to carbon markets while driving revenue streams stemming from decarbonization activities.
  
• Carbon Offset Program Platform – On October 10, 2023, DevvStream officially launched its Carbon Offset Program Platform (“COPP”), a first-of-its-kind blockchain-powered environmental project management platform. The COPP platform will aim to leverage the power of blockchain technology to provide a comprehensive and unalterable record of the company’s carbon offset projects, setting a new standard of transparency, integrity, and accessibility to carbon offset projects in DevvStream’s portfolio.