TARANIS AND ALBO CLIMATE ANNOUNCE PARTNERSHIP TO DELIVER SATELLITE-BASED CARBON CREDITS VERIFICATION

Taranis and Albo Climate announce a partnership to alleviate the bottleneck in verifying carbon sequestration in farmland
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The companies will jointly develop AI-powered remote sensing technology for
soil carbon verification in row crops.

Westfield, Indiana & Tel Aviv, Israel, October 18, 2021 – Taranis and Albo Climate
announce a partnership to alleviate the bottleneck in verifying carbon sequestration in
farmland. By using satellite-based remote sensing to significantly reduce the cost of
verification of Soil Organic Carbon (SOC), Taranis and Albo will allow agriculture
retailers to scale carbon programs and help farmers move their carbon credits more
easily into the carbon credit markets.

“We are excited to be partnering with Albo Climate. The high costs of measuring and
verifying soil carbon credits have prevented more farmers from participating in carbon
programs. Automatic and remote sensing of soil carbon would eliminate the farmer’s
need to take cumbersome soil sampling, allowing farmers to enter the carbon credit
market and increase their ROI seamlessly,” said Taranis President and Co-Founder,
Ofir Schlam.

“Remote sensing can be game-changing in regenerative farming and the emerging
agriculture-based carbon credits market. We are thrilled to be partnering with Taranis, a
key leader in delivering digital farming solutions. Combined with our unique satellite and
AI-powered approach to soil carbon credits measurement and verification, we see the
potential for true impact at scale across the globe,” says Jacques Amselem, CEO of
Albo Climate.

While the initial AI-powered models will focus on corn and soy crops across the US
corn-belt, the strategic partnership will foster the development of robust and scalable
remote-sensing soil carbon models to be used in an array of croplands across several
continents. In addition, the collaboration will produce maps to evaluate soil carbon
density carefully and generate verified carbon offsets.

“Taranis can bring our satellite, drones, and AI expertise and vast network of agriculture
retailers to the table to develop a faster and more affordable process for carbon
verification,” said Bar Veinstein, CEO of Taranis. “The key to unlock the carbon credit
markets and have a significant impact on climate change is to bring cutting edge
technologies to sustainable agriculture.”

By employing, among others, no-till cultivation, utilizing cover crops and crop rotation,
implementing planned grazing, and reducing the use of synthetic fertilizers and
pesticides, regenerative methods keep carbon in the ground and allow it to build over
time thus serving as a powerful “carbon sink.” This carbon feeds and improves the
health of plants in the soil where it is stored and kept from being released into the
atmosphere.

“We are putting farmers first on our new platform. To have a true impact on climate
change, we need scalable execution and to have as many people on board in the effort
as possible,” says Ariella Charny, CMO of Albo Climate.

About Albo Climate:

Albo Climate, established in 2019, is an Israel-based startup applying AI to satellite
imagery to map, measure, and monitor carbon sequestration and scale-up carbon
removal. Combining geospatial monitoring and deep learning expertise, Albo is
developing remote sensing solutions for carbon credit verification for various
ecosystems, including forestry, agriculture, and blue carbon.

About Taranis:

Taranis is the world’s leading AI-powered crop intelligence platform for agribusiness. It
leverages AI and machine learning, high-resolution aerial, satellite, and drone imagery,
and deep agronomic know-how to allow crop advisors to make better, more informed
crop management decisions. Since starting in 2015, Taranis has worked with the
world’s top agricultural retailers and crop protection companies, monitoring millions of
acres for customers in the United States, Canada, Brazil, Russia, Ukraine, and
Australia. Taranis employs over 80 people worldwide and is headquartered in Westfield,
Indiana.

CONTACT PERSONS:

Albo Climate:

Dr. Jacques Amselem, jacques.amselem@albosys.com
Dr. Marco Calderón, marco.calderon@albosys.com
Ariella Charny, ariella.charny@albosys.com

Taranis:

Ofir Schlam, ofir.schlam@taranis.ag
Bar Veinstein, bar.veinstein@taranis.ag
Leah Beyer, leah.beyer@taranis.ag, 317-512-4025

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