LOOPShare Ltd. ("LOOPShare" or the "Company") announced that it has entered into a partnership, and concluded a licensing agreement with Greenlines Technology Inc. ("Greenlines"). The partnership will entail the integration of LOOPShare's electric scooter telematics and digital dashboard platform, with the proprietary Greenlines Carbon Engine process. The Carbon Engine will allow LOOPShare to capture and sell the carbon reductions generated by the users of its fleet of electric scooters by developing an offset project. The global fight against climate change has led to many countries regulating greenhouse gas emissions (GHG) through carbon taxes and Cap-and-Trade schemes. A carbon offset is a credit for greenhouse gas reductions achieved by one party that can be purchased and used to compensate (offset) the emissions of another party. This regulatory environment has created a large market for the purchase of carbon offsets. With the integration of the Greenlines Carbon Engine, every kilometre travelled on a LOOPShare electric scooter will be converted into a carbon offset. After these carbon offsets are verified by a third-party independent verifier, they are an asset that LOOPShare will be able to sell either directly to a third party looking to offset its emissions, or through a broker/exchange. The offset project will allow LOOPShare to convert carbon reductions into revenues for LOOPShare and help the fight against climate change.