DeepMarkit Corp. announced that it has recently entered into a Memorandum of Understanding with Renoster Systems Inc. Renoster is an IT services company based in Austin, Texas that focuses on deep transparency for carbon credit projects. It uses a scientific rubric to provide transparent reviews, for high-quality offset discovery.

Via remote sensing, Renoster determines carbon sequestration value for forest offset projects. Their team consists of scientists, conservationists, and data scientists with an unwavering commitment to the earth and focus on providing clarity on the world's nature based offset projects. The purpose of the MOU is to formalize terms and conditions of a commercial arrangement between the two parties, including but not limited to providing users of the MintCarbon.io platform (the "Platform") with access to Mercury Rubric reviews (the "Reviews") for specific projects within Renoster's public database.

The key terms of the MOU include: Renoster to share the Reviews from public separate projects with DeepMarkit for use on its Platform; Renoster to share the results of public reviews conducted using its own evaluation techniques, and to eventually complete early release reviews and pre-reviews to which DeepMarkit will also have access; DeepMarkit to share access to its Platform dashboard with a certain number of Renoster users; and DeepMarkit to earn a finder's fee equal to 10% of the initial subscription or consultation value for customers directed to Renoster through the Platform or by DeepMarkit's sales team; and Both parties mutually market the arrangement to gain exposure via public announcements such as news releases and social media posts. At the time of writing, four public projects are contemplated in the MOU, namely: the Manoa REDD+ (VCS 1571) project; the Rio Preto-Jacunda REDD+ (VCS 1503) project; the Florestral Santa Maria REDD+ (VCS 875) project; and the Guanare (VCS 959) project. DeepMarkit hopes to benefit from the MOU and partnerships by gaining exposure to its Platform through Renoster's network, and by adding to the Platform transparency on offset projects through Renoster's innovative review rating system.

Furthermore, DeepMarkit hopes to obtain revenue by earning finder's fees from referring subscribers to Renoster. Renoster hopes to achieve greater exposure and to align their product with another innovative partner in the carbon credit space in DeepMarkit.