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Tymlez Group Ltd. ( (AU:NVQ) ) has issued an update.
NoviqTech, in collaboration with HYDI, is advancing the generation of carbon credits through HYDI’s hydrogen-on-demand systems for diesel engines. This partnership will utilize NoviqTech’s Carbon Central platform to facilitate carbon credit issuance, leveraging blockchain-backed data tracking and digital twins. The initiative aims to enhance HYDI’s market position by enabling scalable, recurring revenue from carbon credits, particularly in the mining sector where their technology is already deployed in over 450 units. This project represents a new revenue stream for NoviqTech, combining software licensing, integration, and carbon advisory services, and positions both companies to capitalize on the evolving voluntary carbon market.
More about Tymlez Group Ltd.
YTD Price Performance: -81.74%
Average Trading Volume: 813,353
Technical Sentiment Signal: Sell
Current Market Cap: A$5.03M
See more data about NVQ stock on TipRanks’ Stock Analysis page.