NoviqTech (ASX:NVQ) partnered with Livium (ASX:LIT) to tokenize environmental benefits from the latter's battery recycling operations through the company's Carbon Central platform, according to a Wednesday filing with the Australian bourse.
The initiative plans to utilize digital twin technology to model battery recycling processes, integrate real-time operational data, and promote transparent carbon accounting, the filing said.
Livium will use a basic tier pricing of AU$1,000 per month under the deal, with a per-token fee once operational, according to the filing.
NoviqTech shares were down 4% in recent trade on Thursday.
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