Carbon Emissions Calculator Named "Best in the Market"
TRX Partners with TerraPass to offer Airline Carbon Emissions Calculator through new Web Services Agreement
ATLANTA .— TRX, Inc. (NASDAQ: TRXI), a global technology company that develops and hosts software applications to process data records and automate manual processes, announced today that its Travel Analytics CO2 emissions calculator was named the best air travel CO2 emissions calculator by the Stockholm Environment Institute.
TerraPass Inc., a leading retailer and marketer of carbon offsets to individuals and businesses, will feature the TRX Travel Analytics CO2 emissions calculator on www.terrapass.com as part of an exclusive three-month agreement with TRX. Starting in mid May 2008, the CO2 emissions calculator will be available at TerraPass to anyone seeking detailed and accurate information on the carbon impact of air travel.
“Our CO2 emissions calculator leverages our leadership position in travel data by incorporating more data points than any other calculator in the industry,” said Trip Davis, President and CEO of TRX. “Along with TerraPass, we have quickly established the lead and benchmark in the carbon emissions space for travel. The accolade from the Stockholm Environment Institute further establishes our credibility as the leader in converting travel data into actionable insights for our customers. The calculator and supporting analytics offers our customers the ability to accurately and effectively balance their carbon footprints.”
As part of its Carbon Offsetting and Air Travel study, the Stockholm Environment Institute evaluated the industry’s leading carbon emissions calculators and named TRX “Best in the Market ” based on four primary considerations:
Provides the most in-depth information about the data sources and metrics used
Offers extensive data sets and accounts for the largest number of parameters
Updates the data sets regularly
Distinguishes between different carriers, enabling travelers to choose the most efficient carrier ahead of time
The TRX Travel Analytics CO2 emissions calculator (http://carbon.trx.com) assesses the amount of CO2 a company produces based on its specific corporate travel footprint. The sophisticated model matches detailed travel data from the corporation (such as arrival/departure cities, carriers, etc.) with worldwide flight schedules and aircraft information (the size and type of the plane, cabin information, etc.). Corporations are then able to use the calculator to learn how much CO2 its specific global air travel program has emitted, as well as how their program compares to industry averages. The model also allows companies to see which carriers are the lowest CO2 emitters for their travel footprint, providing them with tools to determine how changing their preferred carriers, or modifying their travel volume, would impact the environment.
“We are thrilled to join forces with TRX to offer our customers the very best flight calculator available,” said TerraPass CEO Erik Blachford. “We are committed to delivering TerraPass members the most accurate possible carbon footprint calculation, and this partnership is a significant step forward.”
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