Climate Impact X Completes First Multi-Party Carbon Futures Delivery as Eligible Custodian for Abaxx Exchange

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TORONTO and SINGAPORE, July 13, 2026 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (TSX:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, and indirect majority shareholder of Abaxx Singapore Pte Ltd. (“Abaxx Singapore”), which owns Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), today announced the successful completion of a 120-lot delivery under Abaxx Exchange’s CORSIA Phase 1 Carbon Offset Unit Futures (“CP1”) contract. Completed on July 3, 2026, the delivery marks the first multi-party Abaxx Exchange carbon futures delivery to include Climate Impact X (“CIX”) as an eligible Custodian.

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The 120-lot physical settlement was completed among 4 market participants based in the U.S., the U.K., and Singapore, including investment and environmental asset firms, and involved 3 matched delivery transactions of eligible CORSIA Phase 1 carbon units across Verra and ART registries. Clearing services were provided by KGI Securities and StoneX.

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The completion of the first multi-party delivery, together with growing volume and rising open interest, demonstrates increasing commercial adoption of the Abaxx CP1 futures market. In the first half of 2026 (H1 2026), CP1 futures trading volume totaled 23,747 contracts, compared to 310 contracts in H2 2025. Quarterly average daily volume was 198 contracts in Q1 2026 and 192 contracts in Q2 2026, while average daily open interest rose from 79 to 173 over the same period.

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“This first delivery milestone demonstrates market demand for common infrastructure that gives participants greater flexibility in how they hold and manage carbon credits,” said Ellery Sutanto, Chief Commercial Officer, CIX. “It is an early example of how connecting futures and spot markets through shared infrastructure can lay the foundations for deeper liquidity, broader participation and more efficient capital flows towards decarbonisation.”

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“Abaxx’s CP1 contract addresses a clear need for participants managing CORSIA-related carbon exposure,” said Joe Raia, Chief Commercial Officer, Abaxx Exchange. “The completion of this multi-party delivery involving Climate Impact X further demonstrates the contract’s ability to support the settlement of eligible carbon units and practical risk management in global carbon markets.”

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Launched in June 2024, the CP1 contract provides price discovery and hedging utility for market participants managing compliance exposures during the CORSIA Phase 1 (2024–2026) period.

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CP1 futures are available for trading from 1000 to 2400 SGT, Monday to Friday, except for Singapore public holidays. Contract specifications, participating clearing firms and brokers, and market access information are available at
abaxx.exchange/resources/start-trading.

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About Climate Impact X

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Climate Impact X (CIX) is a global environmental markets exchange headquartered in Singapore, with offices in London. It operates markets for carbon credits, renewable energy certificates (RECs) and a growing suite of related products, providing the infrastructure to scale participation in carbon and environmental attribute markets. CIX connects project developers, corporates, financial institutions, traders and intermediaries, and supports participants across the full transaction lifecycle – from portfolio curation and project sourcing, through trade execution (OTC, on-platform, via structured transaction events such as auctions, RFPs and tenders), to best-in-class physical settlement and custody, retirement and portfolio management – all underpinned by robust price benchmarks and data products.