Perennial and rTek Launch Strategic 10-Year Exclusive MMRV Partnership to Regenerate Globally Degraded Grasslands
BOULDER, Colo. & ALMATY, Kazakhstan--(BUSINESS WIRE)--rTek, an Almaty-based precision agriculture start up and nature-based solutions (NbS) carbon credits project developer, has selected Perennial, a global leader in measurement, monitoring, reporting, and verification (MMRV) for environmental assets, as its exclusive soil carbon MMRV provider for the next 10 years to deliver high-integrity carbon credits globally. The first project aims to regenerate 500,000 hectares of degraded grasslands, support sustainable production and livelihoods, and establish quality assurance systems for sustainable grassland management in Kazakhstan.
This collaboration aims to regenerate Kazakhstan's soils through sustainable agricultural land management, positioning Kazakhstan as a frontier market in global carbon finance. The partnership will leverage Perennial's expertise with Verra methodologies and core innovative technology - digital soil mapping (DSM) and advanced soil organic carbon (SOC) modeling - with rTek's local expertise in land management, design, and implementation of carbon projects.
'Kazakh farmers and government are excited yet skeptical about soil carbon credits. Now's the time to roll up our sleeves and show how real carbon market funding can kickstart regenerative agriculture. Perennial's super-accurate models, backed by our solid field data, are key to opening up these markets for Kazakhstan's 184 million hectares of rangeland. This partnership sends a strong message to the market: NbS is open for business in Kazakhstan.'
— Stuart Bowlin, Managing Partner of rTek
Supported by the Food and Agriculture Organization of the United Nations (FAO) with funding from the Global Environment Facility (GEF), this initiative falls under the Kazakhstan Resilient Agroforestry and Rangeland Project, which promotes sustainable pasture management. The activity 'Support for Access to International Carbon Markets,' aims to demonstrate how carbon trade can serve as a catalyst for attracting private investments. By doing so, it seeks to enhance sustainable pastureland management, develop critical infrastructure, and facilitate access to international carbon markets for long-term financial sustainability. Set to begin baseline modeling in 2025, this initiative will implement advanced MMRV methodologies compliant with Verra's VM0032 standards, enabling accurate soil carbon credit generation and enhancing rTek's capacity to manage and expand grassland restoration.
'There's more carbon stored in soil than in the atmosphere and all vegetation combined—yet we've only just begun to tap into soil's potential as a climate solution. Grasslands, in particular, hold extraordinary promise. They cover nearly half the Earth's land surface and are often overlooked in climate plans, but their ability to store carbon and support rural livelihoods makes them one of our greatest opportunities for impact. With the right financial mechanisms and investment, we can reverse degradation and unlock natural carbon sinks at scale.'
— Jack Roswell, CEO of Perennial
The rTek–Perennial partnership is a first of its kind 10-year partnership between a Carbon Project Developer and an independent MMRV to tackle regenerating soils at large scale and marks a key milestone in advancing scalable, transparent NbS in emerging markets.
Join rTek and Perennial in transforming 500,000+ hectares of Kazakhstan's long-degraded grasslands into a global example for sustainable agriculture and carbon sequestration. We invite investors and carbon credit buyers to partner with us to finance or offtake the highest possible integrity NbS removals carbon credits, driving scalable impact for climate, livelihoods, and NbS.
About Perennial
Perennial is a full-service MMRV (measurement, monitoring, reporting, and verification) company that delivers certified, outcome-based measurements for any crop and any program—anywhere in the world. Its advanced digital soil mapping technology drastically reduces sampling needs and eliminates geographical limitations, making it the most cost-effective, streamlined, and scalable way to measure, report, and verify emissions reductions, carbon removal, and sustainable outcomes. Based in Boulder, CO, Perennial has raised $25M+ from leaders in climate, tech, ag, and carbon markets; GenZero, Bloomberg LP, Microsoft Climate Innovation Fund, SineWave Ventures, and Augment Ventures.
About rTek
Founded in 2002 in Almaty, rTek is a leading Kazakhstan-based developer of carbon credits and nature-based solutions (NbS), with projects including KazBeef's sustainable grassland management, Kazakhstan's first biochar project, and Kazakhstan's first Article 6.2 project. Through its Terratune cloud platform built on Google Earth Engine, and innovative AgTech - including UAVs and AI-powered livestock monitoring, rTek delivers actionable insights to farmers, driving profitable and environmentally sound land management.
Learn more at www.perennial.earth and www.rtek.kz.
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Hepatotoxicity Some Endothelin Receptor Antagonists (ERAs) have caused elevations of aminotransferases, hepatotoxicity, and liver failure. In clinical studies, elevations in aminotransferases (ALT or AST) of at least 3-times the Upper Limit of Normal (ULN) have been observed in up to 3.5% of FILSPARI-treated patients, including cases confirmed with rechallenge. Measure transaminases and bilirubin before initiating treatment and monthly for the first 12 months, and then every 3 months during treatment. Interrupt treatment and closely monitor patients who develop aminotransferase elevations more than 3x ULN. FILSPARI should generally be avoided in patients with elevated aminotransferases (>3x ULN) at baseline because monitoring for hepatotoxicity may be more difficult and these patients may be at increased risk for serious hepatotoxicity. Embryo-Fetal Toxicity FILSPARI can cause major birth defects if used by pregnant patients based on animal data. Therefore, pregnancy testing is required before the initiation of treatment, during treatment and one month after discontinuation of treatment with FILSPARI. Patients who can become pregnant must use effective contraception before the initiation of treatment, during treatment, and for one month after discontinuation of treatment with FILSPARI. Contraindications FILSPARI is contraindicated in patients who are pregnant. Do not coadminister FILSPARI with angiotensin receptor blockers (ARBs), ERAs, or aliskiren. Warnings and Precautions Hepatotoxicity: Elevations in ALT or AST of at least 3-fold ULN have been observed in up to 3.5% of FILSPARI-treated patients, including cases confirmed with rechallenge. While no concurrent elevations in bilirubin >2-times ULN or cases of liver failure were observed in FILSPARI-treated patients, some ERAs have caused elevations of aminotransferases, hepatotoxicity, and liver failure. To reduce the risk of potential serious hepatotoxicity, measure serum aminotransferase levels and total bilirubin prior to initiation of treatment and monthly for the first 12 months, then every 3 months during treatment. Advise patients with symptoms suggesting hepatotoxicity (nausea, vomiting, right upper quadrant pain, fatigue, anorexia, jaundice, dark urine, fever, or itching) to immediately stop treatment with FILSPARI and seek medical attention. If aminotransferase levels are abnormal at any time during treatment, interrupt FILSPARI and monitor as recommended. Consider re-initiation of FILSPARI only when hepatic enzyme levels and bilirubin return to pretreatment values and only in patients who have not experienced clinical symptoms of hepatotoxicity. Avoid initiation of FILSPARI in patients with elevated aminotransferases (>3x ULN) prior to drug initiation because monitoring hepatotoxicity in these patients may be more difficult and these patients may be at increased risk for serious hepatotoxicity. Embryo-Fetal Toxicity: FILSPARI can cause fetal harm when administered to a pregnant patient and is contraindicated during pregnancy. Advise patients who can become pregnant of the potential risk to a fetus. Obtain a pregnancy test prior to initiation of treatment with FILSPARI, monthly during treatment, and one month after discontinuation of treatment. Advise patients who can become pregnant to use effective contraception prior to initiation of treatment, during treatment, and for one month after discontinuation of treatment with FILSPARI. FILSPARI REMS: Due to the risk of hepatotoxicity and embryo-fetal toxicity, FILSPARI is available only through a restricted program called the FILSPARI REMS. 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Sparsentan may increase exposure of these transporter substrates, which may increase the risk of adverse reactions related to these substrates. Agents Increasing Serum Potassium: Monitor serum potassium frequently in patients treated with FILSPARI and other agents that increase serum potassium. Concomitant use of FILSPARI with potassium-sparing diuretics, potassium supplements, potassium-containing salt substitutes, or other drugs that raise serum potassium levels may result in hyperkalemia. Please see the full Prescribing Information, including BOXED WARNING, for additional Important Safety Information. Forward Looking Statements This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Without limiting the foregoing, these statements are often identified by the words "on-track," "positioned," "look forward to," "will," "would," "may," "might," "believes," "anticipates," "plans," "expects," "intends," "potential," or similar expressions. In addition, expressions of strategies, intentions or plans are also forward-looking statements. Such forward-looking statements include, but are not limited to, references to: statements relating to the clinical studies and models described herein, and data to be presented; statements regarding the potential role of FILSPARI as foundational therapy for rare kidney diseases; statements regarding the impact of FILSPARI on IgAN disease progression; statements regarding the goal of advancing research and delivering innovative therapies that can make a meaningful difference for people living with IgAN and FSGS; and statements related to the estimated sizes of patient populations. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. No forward-looking statement can be guaranteed. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties related to the Company's sNDA for FILSPARI in FSGS, including the timing and outcome thereof. There is no guarantee that the FDA will grant approval of FILSPARI for FSGS on the anticipated timeline, or at all. The Company also faces risks and uncertainties related to its business and finances in general, the success of its commercial products, risks and uncertainties associated with its preclinical and clinical stage pipeline, risks and uncertainties associated with the regulatory review and approval process, risks and uncertainties associated with enrollment of clinical trials for rare diseases, and risks that ongoing or planned clinical trials may not succeed or may be delayed for safety, regulatory or other reasons. Specifically, the Company faces risks associated with the ongoing commercial launch of FILSPARI in IgAN, the timing and potential outcome of its and its partners' clinical studies, market acceptance of its commercial products including efficacy, safety, price, reimbursement, and benefit over competing therapies, risks related to the challenges of manufacturing scale-up, risks associated with the successful development and execution of commercial strategies for such products, including FILSPARI, and risks and uncertainties related to the new administration, including but not limited to risks and uncertainties related to tariffs and the funding, staffing and prioritization of resources at government agencies including the FDA. The Company also faces the risk that it will be unable to raise additional funding that may be required to complete development of any or all of its product candidates, including as a result of macroeconomic conditions; risks relating to the Company's dependence on contractors for clinical drug supply and commercial manufacturing; uncertainties relating to patent protection and exclusivity periods and intellectual property rights of third parties; risks associated with regulatory interactions; and risks and uncertainties relating to competitive products, including current and potential future generic competition with certain of the Company's products, and technological changes that may limit demand for the Company's products. The Company also faces additional risks associated with global and macroeconomic conditions, including health epidemics and pandemics, including risks related to potential disruptions to clinical trials, commercialization activity, supply chain, and manufacturing operations. You are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond our control. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Investors are referred to the full discussion of risks and uncertainties, including under the heading "Risk Factors", as included in the Company's most recent Form 10-K, Form 10-Q and other filings with the Securities and Exchange Commission. 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