Spectaire Launches AireCore™ Into the Oil and Gas Sector
19 December 2023 - 12:00AM
Spectaire Holdings Inc. (NASDAQ: SPEC), a leader in air quality
monitoring and emissions reduction technology, has completed the
innovation in its mass spectrometer series to open up the Oil and
Gas industry to the AireCore™ product suite. The oil and gas
industry has unique challenges in the upstream, midstream, and
downstream operations that can now be solved with the aid of
portable mass spectrometry uniquely available through AireCore™.
Spectaire’s foray into the oil and gas market represents a
strategic new market expansion, demonstrating the adaptability and
relevance of its technology across various sectors. This move,
underscored by the successful installation of the first units,
highlights the company’s dedication to broadening its impact and
reach.
Energy companies like Shell have announced 50% emission
reductions by 2030 compared to 2016, Exxon who have pledged $15
Billion to be spent by 2027 in reducing emissions, and BP who have
pledged $6 to 8 billion in transition growth engines all represent
potential revenue opportunities for Spectaire.
According to Rystad Energy, an independent energy consulting
services and business intelligence provider, there are over 1
million global oil and gas wells in production with volume
increasing 19% from 2022 to 2023.
Brian Semkiw, CEO of Spectaire, underscores the
transformative impact of their breakthrough in the oil and gas
sector: “The oil and gas industry, having poured billions into
cutting emissions, now stands at a pivotal moment. With the
successful deployment of our initial units, these giants can now
precisely gauge and transparently report the efficacy of their
emission reduction strategies. Our pioneering technology is set to
revolutionize environmental accountability, extending its reach
across over a million global wells, their encompassing
infrastructure, and the vast network of production pipelines.”
The introduction of AireCore™ represents a pivotal moment
for Spectaire Holdings Inc., reinforcing the company’s position as
a pioneer in environmental technology. This launch is a clear
indication of Spectaire’s commitment to innovation and its
capability to meet the specific needs of the oil and gas
industry.
For more information on the AireCore™ mass spectrometer and
its applications within the oil and gas sector, please visit
www.spectaire.com.
About Spectaire
Spectaire (Nasdaq: SPEC) is at the forefront of
air quality monitoring and emissions reduction technology.
Spectaire provides innovative solutions that foster environmental
sustainability and corporate responsibility.
Forward-Looking Statements
This release contains certain forward-looking
statements within the meaning of the federal securities laws. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“would,” “will continue,” “will likely result” and similar
expressions.
The forward-looking statements are based on the
current expectations of the management of Spectaire and are
inherently subject to uncertainties and changes in circumstances
and their potential effects and speak only as of the date of such
statement. There can be no assurance that future developments will
be those that have been anticipated. Forward-looking statements
reflect material expectations and assumptions, including, without
limitation, expectations, and assumptions. Such expectations and
assumptions are inherently subject to uncertainties and
contingencies regarding future events and, as such, are subject to
change. Forward-looking statements involve a number of risks,
uncertainties or other factors that may cause actual results or
performance to be materially different from those expressed or
implied by these forward-looking statements. These risks and
uncertainties include, but are not limited to, those discussed and
identified in public filings made by Spectaire with the U.S.
Securities and Exchange Commission (the “SEC”) and the following:
Spectaire’s ability to operate as a going concern; Spectaire’s
requirement of significant additional capital; Spectaire’s limited
operating history; Spectaire’s history of losses; Spectaire’s
ability to attract qualified management; Spectaire’s ability to
adapt to rapid and significant technological change and respond to
introductions of new products in order to remain competitive; the
loss of, or nonperformance by, one or more significant customers;
disruptions of Spectaire’s manufacturing operation; changes in
governmental regulations reducing demand for Spectaire’s products
or increasing Spectaire’s expenses; the effects of global health
crises on Spectaire’s business plans, financial condition and
liquidity; changes or disruptions in the securities markets;
legislative, political or economic developments; Spectaire’s
failure to obtain any necessary permits or comply with laws and
regulations and other regulatory requirements; accidents, equipment
breakdowns, labor disputes or other unanticipated difficulties or
interruptions; potential cost overruns or unanticipated expenses in
development programs; potential legal proceedings; and Spectaire’s
failure to obtain or maintain insurance covering all of Spectaire’s
operations.
Should one or more of these risks or
uncertainties materialize or should any of the assumptions made by
the management of Spectaire prove incorrect, actual results may
vary in material respects from those projected in these
forward-looking statements.
All subsequent written and oral forward-looking
statements concerning matters addressed herein and attributable to
Spectaire or any person acting on its behalf are expressly
qualified in their entirety by the cautionary statements contained
or referred to herein. Except to the extent required by applicable
law or regulation, Spectaire undertakes no obligation to update
these forward-looking statements to reflect events or circumstances
after the date hereof to reflect the occurrence of unanticipated
events.
Press Contact: Chris Grossman,
CGrossman@Spectaire.com
Website: Spectaire.com
Spectaire (NASDAQ:SPECW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Spectaire (NASDAQ:SPECW)
Historical Stock Chart
From Sep 2023 to Sep 2024