{"success":true,"data":{"pressRelease":{"id":"39785","rtpr_id":"nACSnSCZMa","ticker":"KARX","exchange":"OTC","all_tickers":["KARX"],"title":"Karbon-X and Evertrak Sign Letter of Intent to Advance Infrastructure-Linked Plastic Waste Reduction Credit Initiative","author":"ACCESSWIRE","published_at":"2026-05-19T17:46:44.885Z","article_body":"Proposed initiative would evaluate the potential generation of Verra-aligned\nPlastic Waste Reduction Credits for approximately 200,000 railroad ties made\nfrom recycled plastic currently installed across railroad infrastructure in\nNorth America.\n\nCALGARY, AB / ACCESS Newswire (https://www.accessnewswire.com/) / May 19, 2026\n/ Karbon-X Corp. (OTCQB:KARX) (\"Karbon-X\" or the \"Company\"), a vertically\nintegrated climate solutions company operating across compliance and voluntary\nenvironmental markets, today announced the signing of a Letter of Intent with\nEvertrak LLC (\"Evertrak\"), the leading manufacturer of Glass Fiber Reinforced\nComposite (GFRC) railroad ties made from recycled plastic, to explore an\ninfrastructure-linked Plastic Waste Reduction Credit (\"PWRC\") initiative under\nVerra's Plastic Waste Reduction (PWR) Standard.\n\nAcross North America, 20 million railroad ties made from wood are replaced\nannually. Approximately 4-6 million of those ties are less than 12 years old.\nSafe, resilient, and efficient railroad infrastructure depends on millions of\nties supporting active rail systems every day. Evertrak's E7000 GFRC railroad\ntie is proven to be more durable and reliable than wood in high decay zones\nwhere no chemical or species of wood can prevent rot and decay. The E7000 is\nmade from recycled plastic materials and is designed to provide a long-life\nalternative to traditional infrastructure components while supporting material\nrecovery and circular reuse objectives.\n\nKarbon-X and Evertrak are now exploring how recycled infrastructure\napplications already operating at industrial scale may participate in emerging\nenvironmental markets through the potential generation of Verra-aligned\nPlastic Waste Reduction Credits tied to recycled plastic recovery and reuse\nwithin existing infrastructure systems.\n\nThe Parties estimate that approximately 200,000 existing composite railroad\nties currently in circulation may ultimately form part of the proposed project\nscope, subject to technical review, methodology alignment, and applicable\nvalidation requirements.\n\nThe proposed initiative reflects Karbon-X's continued focus on developing\ninfrastructure-linked environmental assets tied to real-world industrial\napplications, circular economy systems, and emerging environmental commodity\nmarkets. The initiative also represents a strategic expansion of the Company's\nbroader environmental asset development and commercialization platform across\nemerging sustainability-focused market categories.\n\nAs part of the proposed framework, Karbon-X is expected to act as the\nexclusive project developer during the evaluation and development phase,\nsupporting project feasibility analysis, project documentation, validation\ncoordination, registry engagement, and potential commercialization activities\nassociated with any future issuance of Plastic Waste Reduction Credits.\n\n\"What makes this opportunity particularly compelling is the combination of a\nunique infrastructure product with a real-world circular material application\nalready operating at scale,\" said James Cahalin, Chief Revenue Officer of\nKarbon-X. \"Evertrak has developed an innovative product that addresses\ndurability, recycled material utilization, and long-life infrastructure needs\nsimultaneously. We believe initiatives like this reflect the growing evolution\nof environmental markets toward practical industrial applications tied to\nmeasurable sustainability outcomes.\"\n\nTim Noonan, founder and CEO of Evertrak, added: \"Our E7000 tie made from\nrecycled plastic and glass fiber outperforms wood in high decay zones. Our\ncustomers want quantifiable durability, reliability, and affordability. This\ncollaboration with Karbon-X delivers quantifiable sustainability and opens a\npath for real-world infrastructure performance to be recognized in global\nenvironmental markets - which is where it belongs.\"\n\nThe proposed initiative will be evaluated under applicable Verra methodology\nrequirements, including additionality, waste diversion criteria,\nchain-of-custody documentation, and independent third-party validation\nrequirements associated with the recycled plastic inputs.\n\nThe Letter of Intent also provides a framework for the Parties to explore\npotential future infrastructure-linked environmental market opportunities\nrelated to subsequent production cycles, subject to further diligence and\ndefinitive agreements.\n\nAny future credit issuance or commercialization activities remain subject to\ntechnical review, independent validation, registry approval processes, and\ndefinitive agreements between the Parties.\n\nAbout Karbon-X\n\nKarbon-X Corp. (OTCQB:KARX) is a vertically integrated climate solutions\ncompany delivering end-to-end services across compliance and voluntary carbon\nmarkets. From project origination and emissions quantification to verification\nsupport, credit issuance, and market distribution, Karbon-X provides trusted,\ntransparent climate solutions to businesses and institutions globally. For\nmore information, visit karbon-x.com (https://pr.report/lp9l)\n\nAbout Evertrak\n\nEvertrak, based in St. Louis, Missouri, is a U.S. veteran-owned business that\nprovides living wages and benefits to its workforce, many of whom are formerly\nhomeless and/or previously incarcerated citizens. Evertrak holds the AMR\nM-1003 quality certification. Its Glass Fiber Reinforced Polymer ties are\nmanufactured from recycled plastic. Evertrak delivers value to railroad\noperations and reduces deforestation, lowers CO2 emissions from wood tie\ndisposal, sequesters plastic, and diverts waste streams from landfills for\ndecades. Learn more at www.evertrak.com\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\napplicable securities laws. These statements include, but are not limited to,\nstatements regarding the anticipated development, scalability, implementation,\nmonitoring capabilities, environmental impact, and future potential of the\nproposed Evertrak-Karbon-X infrastructure-linked Plastic Waste Reduction\nCredit initiative. Forward-looking statements are based on current\nexpectations, estimates, and assumptions that are subject to risks and\nuncertainties which could cause actual results to differ materially from those\nexpressed or implied. Readers are cautioned not to place undue reliance on\nforward-looking statements. Karbon-X undertakes no obligation to update or\nrevise forward-looking statements, except as required by law.\n\nMedia Contact\n\nEmma Caputo\nVP of Marketing\nKarbon-X\nEc@karbon-x.com\n\nSOURCE: Karbon-X Project Inc.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/clean-technology/karbon-x-and-evertrak-sign-letter-of-intent-to-advance-infrastructure-linked-plast-1168164)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSnSCZMa","title":"Karbon-X and Evertrak Sign Letter of Intent to Advance Infrastructure-Linked Plastic Waste Reduction Credit Initiative","author":"ACCESSWIRE","ticker":"KARX","created":"2026-05-19T17:46:44.885Z","tickers":["KARX"],"exchange":"OTC","article_body":"Proposed initiative would evaluate the potential generation of Verra-aligned\nPlastic Waste Reduction Credits for approximately 200,000 railroad ties made\nfrom recycled plastic currently installed across railroad infrastructure in\nNorth America.\n\nCALGARY, AB / ACCESS Newswire (https://www.accessnewswire.com/) / May 19, 2026\n/ Karbon-X Corp. (OTCQB:KARX) (\"Karbon-X\" or the \"Company\"), a vertically\nintegrated climate solutions company operating across compliance and voluntary\nenvironmental markets, today announced the signing of a Letter of Intent with\nEvertrak LLC (\"Evertrak\"), the leading manufacturer of Glass Fiber Reinforced\nComposite (GFRC) railroad ties made from recycled plastic, to explore an\ninfrastructure-linked Plastic Waste Reduction Credit (\"PWRC\") initiative under\nVerra's Plastic Waste Reduction (PWR) Standard.\n\nAcross North America, 20 million railroad ties made from wood are replaced\nannually. Approximately 4-6 million of those ties are less than 12 years old.\nSafe, resilient, and efficient railroad infrastructure depends on millions of\nties supporting active rail systems every day. Evertrak's E7000 GFRC railroad\ntie is proven to be more durable and reliable than wood in high decay zones\nwhere no chemical or species of wood can prevent rot and decay. The E7000 is\nmade from recycled plastic materials and is designed to provide a long-life\nalternative to traditional infrastructure components while supporting material\nrecovery and circular reuse objectives.\n\nKarbon-X and Evertrak are now exploring how recycled infrastructure\napplications already operating at industrial scale may participate in emerging\nenvironmental markets through the potential generation of Verra-aligned\nPlastic Waste Reduction Credits tied to recycled plastic recovery and reuse\nwithin existing infrastructure systems.\n\nThe Parties estimate that approximately 200,000 existing composite railroad\nties currently in circulation may ultimately form part of the proposed project\nscope, subject to technical review, methodology alignment, and applicable\nvalidation requirements.\n\nThe proposed initiative reflects Karbon-X's continued focus on developing\ninfrastructure-linked environmental assets tied to real-world industrial\napplications, circular economy systems, and emerging environmental commodity\nmarkets. The initiative also represents a strategic expansion of the Company's\nbroader environmental asset development and commercialization platform across\nemerging sustainability-focused market categories.\n\nAs part of the proposed framework, Karbon-X is expected to act as the\nexclusive project developer during the evaluation and development phase,\nsupporting project feasibility analysis, project documentation, validation\ncoordination, registry engagement, and potential commercialization activities\nassociated with any future issuance of Plastic Waste Reduction Credits.\n\n\"What makes this opportunity particularly compelling is the combination of a\nunique infrastructure product with a real-world circular material application\nalready operating at scale,\" said James Cahalin, Chief Revenue Officer of\nKarbon-X. \"Evertrak has developed an innovative product that addresses\ndurability, recycled material utilization, and long-life infrastructure needs\nsimultaneously. We believe initiatives like this reflect the growing evolution\nof environmental markets toward practical industrial applications tied to\nmeasurable sustainability outcomes.\"\n\nTim Noonan, founder and CEO of Evertrak, added: \"Our E7000 tie made from\nrecycled plastic and glass fiber outperforms wood in high decay zones. Our\ncustomers want quantifiable durability, reliability, and affordability. This\ncollaboration with Karbon-X delivers quantifiable sustainability and opens a\npath for real-world infrastructure performance to be recognized in global\nenvironmental markets - which is where it belongs.\"\n\nThe proposed initiative will be evaluated under applicable Verra methodology\nrequirements, including additionality, waste diversion criteria,\nchain-of-custody documentation, and independent third-party validation\nrequirements associated with the recycled plastic inputs.\n\nThe Letter of Intent also provides a framework for the Parties to explore\npotential future infrastructure-linked environmental market opportunities\nrelated to subsequent production cycles, subject to further diligence and\ndefinitive agreements.\n\nAny future credit issuance or commercialization activities remain subject to\ntechnical review, independent validation, registry approval processes, and\ndefinitive agreements between the Parties.\n\nAbout Karbon-X\n\nKarbon-X Corp. (OTCQB:KARX) is a vertically integrated climate solutions\ncompany delivering end-to-end services across compliance and voluntary carbon\nmarkets. From project origination and emissions quantification to verification\nsupport, credit issuance, and market distribution, Karbon-X provides trusted,\ntransparent climate solutions to businesses and institutions globally. For\nmore information, visit karbon-x.com (https://pr.report/lp9l)\n\nAbout Evertrak\n\nEvertrak, based in St. Louis, Missouri, is a U.S. veteran-owned business that\nprovides living wages and benefits to its workforce, many of whom are formerly\nhomeless and/or previously incarcerated citizens. Evertrak holds the AMR\nM-1003 quality certification. Its Glass Fiber Reinforced Polymer ties are\nmanufactured from recycled plastic. Evertrak delivers value to railroad\noperations and reduces deforestation, lowers CO2 emissions from wood tie\ndisposal, sequesters plastic, and diverts waste streams from landfills for\ndecades. Learn more at www.evertrak.com\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\napplicable securities laws. These statements include, but are not limited to,\nstatements regarding the anticipated development, scalability, implementation,\nmonitoring capabilities, environmental impact, and future potential of the\nproposed Evertrak-Karbon-X infrastructure-linked Plastic Waste Reduction\nCredit initiative. Forward-looking statements are based on current\nexpectations, estimates, and assumptions that are subject to risks and\nuncertainties which could cause actual results to differ materially from those\nexpressed or implied. Readers are cautioned not to place undue reliance on\nforward-looking statements. Karbon-X undertakes no obligation to update or\nrevise forward-looking statements, except as required by law.\n\nMedia Contact\n\nEmma Caputo\nVP of Marketing\nKarbon-X\nEc@karbon-x.com\n\nSOURCE: Karbon-X Project Inc.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/clean-technology/karbon-x-and-evertrak-sign-letter-of-intent-to-advance-infrastructure-linked-plast-1168164)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-05-19T17:46:44.903268604Z","server_sent_at_ms":1779212804903},"received_at":"2026-05-19T17:46:44.959Z","source_url":"https://www.accessnewswire.com/newsroom/en/clean-technology/karbon-x-and-evertrak-sign-letter-of-intent-to-advance-infrastructure-linked-plast-1168164"},"analysis":{"id":"29225","press_release_id":"39785","analysis_json":{"industry":{"label":"Environmental & Facilities Services","sector":"Industrials"},"redFlags":["Non-binding Letter of Intent with no guaranteed revenue","Credit issuance subject to Verra validation and registry approval","Forward-looking statements caution regarding material differences in actual results"],"eventType":"partnership","narrative":"Karbon-X signed a non-binding Letter of Intent with Evertrak to explore generating Plastic Waste Reduction Credits for ~200,000 existing composite railroad ties.\n\nThe initiative aims to align with Verra’s Plastic Waste Reduction Standard, leveraging Evertrak’s E7000 ties made from recycled plastic.\n\nKarbon-X will act as the exclusive project developer during the evaluation phase, but any future credit issuance remains subject to technical review, validation, and definitive agreements.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"KARX explores new credit vertical with Evertrak; early-stage LOI with no immediate financial impact."},"keyFigures":{"customDimensions":{"project_scope_ties":200000,"annual_wood_tie_replacements":20000000,"annual_early_replacement_ties":"4-6 million"}},"quotedText":"What makes this opportunity particularly compelling is the combination of a unique infrastructure product with a real-world circular material application already operating at scale","namedEntities":{"people":[{"name":"James Cahalin","role":"Chief Revenue Officer"},{"name":"Tim Noonan","role":"Founder and CEO"},{"name":"Emma Caputo","role":"VP of Marketing"}],"products":["E7000 GFRC railroad tie","Plastic Waste Reduction Credits","Plastic Waste Reduction Standard"],"companies":[{"name":"Karbon-X Corp.","ticker":"KARX","relationship":"filer"},{"name":"Evertrak LLC","relationship":"partner"},{"name":"Verra","relationship":"registry/standard setter"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"A non-binding Letter of Intent to explore a new credit generation methodology. No revenue, no definitive agreement, and significant regulatory/technical hurdles remain before any value is realized."},"tickerRelevance":{"others":[],"primary":"KARX"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"non-binding-loi","sectorWeight":"niche-carbon-credits","marketCapAdjustment":"low"}},"event_type":"partnership","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Karbon-X signed a non-binding Letter of Intent with Evertrak to explore generating Plastic Waste Reduction Credits for ~200,000 existing composite railroad ties.\n\nThe initiative aims to align with Verra’s Plastic Waste Reduction Standard, leveraging Evertrak’s E7000 ties made from recycled plastic.\n\nKarbon-X will act as the exclusive project developer during the evaluation phase, but any future credit issuance remains subject to technical review, validation, and definitive agreements.","key_figures":{"customDimensions":{"project_scope_ties":200000,"annual_wood_tie_replacements":20000000,"annual_early_replacement_ties":"4-6 million"}},"named_entities":{"people":[{"name":"James Cahalin","role":"Chief Revenue Officer"},{"name":"Tim Noonan","role":"Founder and CEO"},{"name":"Emma Caputo","role":"VP of Marketing"}],"products":["E7000 GFRC railroad tie","Plastic Waste Reduction Credits","Plastic Waste Reduction Standard"],"companies":[{"name":"Karbon-X Corp.","ticker":"KARX","relationship":"filer"},{"name":"Evertrak LLC","relationship":"partner"},{"name":"Verra","relationship":"registry/standard setter"}],"dollarAmounts":[]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-19T17:46:54.705Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap","eventGravity":"non-binding-loi","sectorWeight":"niche-carbon-credits","marketCapAdjustment":"low"}},"durationMs":9735,"modelName":"george-droid-qwen-72b"}}