Abaxx Provides Q1 Corporate Update - Seite 3

Systems and Operations: Integration, training and onboarding of all user classes (trading firms, broker firms and clearing firms) into Abaxx production systems and payment network is well underway and on time for targeted launch in Q1 of 2024. Abaxx staff is heavily engaged with a focus on training clearing and broker firms in administration and use of systems that support order routing, trade entry and post trade activities. Industry-leading Exchange and Clearing ISVs have deployed their software packages for authorized use by the Abaxx community. Abaxx Clearing is now active on the Swift network and is in process of activating accounts for its Clearing Members at settlement banks through which margin deposits and payments will be managed. Final live production system end-to-end checks have been scheduled to accommodate a Q1 launch.

Exchange Product Development:
LNG, Carbon and Nickel Sulphate futures contracts are prepped for launch. Further development work continues on a number of fronts as momentum grows and we transition to production and scaling our enterprise. Development work on additional battery and initial precious metals products is a priority. We are encouraged by the enthusiasm and demand for these product futures to extend the battery metals category and we have progressed to Stage 2 (Scoping/Design/Drafting). Precious Metals solutions are in Stage 3 (Industry Review/Risk/Regulatory).

Additional Corporate Updates

Abaxx Console Apps: In Q4 2023, our Digital Product and Engineering Teams marked the completion of the “Project Venice'' pilot with an internal demo day that highlighted the capabilities of pairing Abaxx’s console apps with newly developed tools to connect qualified participants looking to transact in global carbon markets. The teams deployed release updates to Verifier and foundational infrastructure to support interoperability and security. In addition, the team advanced work on prototyping privacy-preserving processes and tooling for AI and large language models.

Q1 2024 Business Update Investor Call

The Company plans to host a quarterly business update investor presentation, to provide a business update and respond to investor questions.

The Company will hold the investor presentation via Zoom Meetings on Tuesday, February 6th at 10:00 a.m. Eastern Standard Time Zone (EST). The Company invites current and prospective shareholders to attend this quarterly business update and Q&A session with the Abaxx executive team. Attendees may email their questions in advance to [e-mail].