ATLANTA,
May 6 /PRNewswire-FirstCall/ -- 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."
About TRX
TRX (Nasdaq: TRXI) is a global technology company. We develop and host
software applications that process data records and automate manual processes,
enabling our clients to optimize performance and control costs. We are a
leading provider to the travel industry. We deliver our technology
applications in an on-demand environment to travel agencies, corporations,
travel suppliers, government agencies, credit card associations, credit card
issuing banks, and third-party administrators. TRX is headquartered in Atlanta
with operations and associates in North America, Europe, and Asia. Please
visit the company's Website at www.trx.com
About the Stockholm Environment Institute
The Stockholm Environment Institute is an independent, international
research institute specializing in sustainable development and environment
issues. It works at local, national, regional and global policy levels.
About TerraPass
Launched in 2004, TerraPass is a leading consumer retailer and marketer of
greenhouse gas reduction offsets and consumer energy efficiency products. Over
150,000 TerraPasses have been sold to individuals, families and businesses to
balance out the global warming impact of their flying, driving and home energy
use. Together, TerraPass customers have reduced more than 800 million pounds
of carbon dioxide emissions, the primary cause of climate change. TerraPass
carbon offsets fund clean energy and carbon reduction projects throughout the
U.S., including wind power, farm power, and landfill gas capture. Every
TerraPass offset purchase is verified against industry leading standards by an
independent third party. For more information visit www.terrapass.com.