APX Launches Voluntary Carbon Standard (VCS) Registry.

Extends APX Leadership in Global Carbon, Serving More Than 50% of Voluntary Markets

SANTA CLARA, Calif. -- APX Inc., the leading infrastructure provider for environmental and energy markets, today announced that it has launched a state-of-the-art greenhouse gas transaction registry and related services for the Voluntary Carbon Standard (VCS) Association, a leading international standards organization. The APX VCS Registry adds to the unparalleled coverage that APX provides for the global carbon markets, including the Gold Standard Registry and The Climate Action Reserve, a program of the California Climate Action Registry.

The Registry enables the issuance, transfer, tracking, retirement and custodial services for VCS carbon credits worldwide. It also supports the VCS Association's mission to ensure quality assurance for the world's carbon markets through a global program for approval of credible voluntary carbon offsets, or Voluntary Carbon Units (VCUs). APX is also the exclusive solution provider for the VCS Association's centralized project database that will present information on all VCS projects and issued VCUs, list relevant project-related documents, and track the status of issued VCUs.

"The VCS Association is pleased to partner with APX on this critical market resource to enable market participants to supply, find, and buy VCUs," said David Antonioli, CEO, VCS Association. "From technology deployment to operational services and support, APX has a proven track record in carbon market infrastructure solutions that establish confidence for all market participants."

The Registry has already seen dramatic adoption by market players across geographic regions and industry types, including project developers and originators, brokers and retailers, large corporations, and leading financial services companies.

"Together with other high quality carbon standards, including the Gold Standard Registry and the California Climate Action Registry (CCAR) Climate Action Reserve program, APX now provides market infrastructure for nearly two thirds of the voluntary carbon markets," said Brian Storms, Chairman and CEO of APX Inc. "Our aim is to provide "one view" across a firm's environmental asset portfolio, and we are pleased to be in a position to provide the unified approach that market participants need."

"The launch of APX's VCS Registry is an important milestone for the carbon credit markets in the U.S. and abroad," said Andrew Ertel, CEO at Evolution Markets. "There is a clear market need for a means to register and transfer voluntary carbon credits in an efficient and transparent manner. APX has proven registry experience in renewable energy credit markets and with other carbon standards, and we look forward utilizing their services for VCS-verified VCUs."

"MGM required a proven, easy to use, and secure transaction infrastructure to register our VCS projects and ensure a complete audit trail for our clients," said Marco G. Monroy, President and CEO, MGM International. "APX's ability to address these needs as well their responsiveness and market leadership were all key factors for our participation in the Registry." John Mackle, CFO and head of carbon commercialization at MGM added, "We are delighted with the launch of the VCS registry. The transparency it will provide should increase investor, media and regulator's confidence in carbon offsets."

The web-based system will create trusted and tradable voluntary offset credits, provide a clear chain of ownership for voluntary offsets that prevents double-counting, and stimulate investments in emissions reductions and low carbon solutions. For more information, please visit www.vcsregistry.com.

About APX Inc.

APX is the leading infrastructure provider for environmental and energy markets in renewable energy and greenhouse gases including carbon commodities. Providing a bank and mint for environmental commodities, APX solutions are trusted to create, track, manage, and retire renewable energy certificates (RECs), energy efficiency and conservation certificates, carbon offset credits such as verified emissions reductions (VERs), and greenhouse gas emission allowances. The company is the solution of choice for every major renewable energy market in North America and greenhouse gas markets worldwide. APX also provides technology, strategic consulting, and expert operational services to assist wholesale power market participants reduce costs and improve performance in power scheduling, settlement, market operations, system operations support, and demand response programs. APX is a privately held company. www.apx.com