Author: TheBlockchainExaminer.com

tanla’s-dlt-platform-trubloq-built-to-enforce-trai-regulation

Tanla’s DLT platform Trubloq built to enforce TRAI regulation

March 11, 2021 Published by

Tanla Platforms Limited said today that the company is supporting enterprises in meeting the TCCCPR requirement to register content templates with the telecom regulator to ensure smooth flow of commercial communication between businesses and their customers. Trubloq, Tanla’s blockchain-based stack which was built to solve the unsolicited commercial communication is in accordance with the TRAI Telecom Commercial Communications Customer Preference Regulation (TCCCPR). The SMS and OTPs, when sent by enterprises are checked against the templates pre-registered by them on this blockchain platform.

Trubloq enforces regulatory requirements by empowering customers and enabling enterprises and regulators in curbing the menace of spam calls and messages. Customers can own, control, and manage commercial communication directed to them, safeguarding themselves from fraudulent SMS and calls. Enterprises that have registered their content templates enable an ecosystem of trust by making certain all commercial communication to their customers is safe from fraud and is delivered on time without any delays.

Uday Reddy, Chairman & CEO, Tanla Platforms Limited said, “Tanla’s Trubloq is built for enterprises to enrich customer experience and create an ecosystem of trust in commercial communication. Towards this, Tanla is committed to support all enterprises in ensuring speedy adoption and compliance of the said regulation.”

“Tanla is supporting the enterprises in complying with the TCCCPR requirement in registering their content templates for commercial communication. Tanla’s customer support, technology and leadership teams are hand-holding customers and have been working with them round the clock to ensure regulatory protocol is met with within the seven-day extension granted by the TRAI,” Uday Reddy added.

Trubloq was launched commercially in September 2020 in response to the Telecom Regulatory Authority of India’s request to combat the widespread problem of unsolicited commercial communication, to protect user information, as well as the integrity of the telecom sector. Since the launch, the platform is operating at full efficiency. Tanla has onboarded more than 34,000 enterprises and the DLT platform currently processes around 70% of A2P traffic in India, topping more than 1 billion interactions in a single day recently.

trace-labs-is-driving-radical-transparency-and-trust-in-agri-food-supply-chains-with-origintrail-and-oracle

Trace Labs is driving radical transparency and trust in agri-food supply chains with OriginTrail and Oracle

March 10, 2021 Published by

 

Transparency and trust are crucial for well-performing and sustainable agri-food supply chains. Yet, in too many food supply chains both are lacking. Using the OriginTrail Decentralized Knowledge Graph and Oracle Blockchain Platform, Trace Labs has recently launched a solution to drive radical trust and process optimization in agri-food supply chains with the use of distributed ledger technologies (DLTs). The solution is used to set up automated trusted payments for milk to help optimize a dairy supply chain as part of SmartAgriHubs (SAH), the largest EU-funded project focusing on digitizing the European agri-food sector.

Almost one-third of global food manufacturers cannot guarantee that the ingredients they use are not fraudulent. The root cause is insufficient data exchange due to a lack of trust between different organizations. As such, data is often stored in silos at every point in the supply chain, which is a significant barrier to effective traceability and overall transparency.

Trace Labs is actively tackling this problem with unique solutions built on the open-source OriginTrail Decentralized Knowledge Graph (DKG). With the use of the OriginTrail DKG, crucial data from stakeholders across the supply chains can be connected and secured from manipulation through semantic web and blockchain technologies. Trusted and connected linked data is then used in different web applications to improve the traceability of products, increase trust, and help optimize every stage of the supply chain management process.

When a problem such as contamination is discovered, the solution enables quick discovery of the product trail end-to-end. With all the data interconnected and accessible, it is easier to track and trace the root cause of any problem that may occur. This drives down the costs of recalls and prevents food waste. The solution also provides an excellent technological infrastructure for deploying other kinds of trusted solutions for optimizing agri-food value chains, like trusted and automated payments in dairy and other value chains.

Optimizing dairy value chains with OriginTrail and Oracle technology

Milk payment is a complex process and the price of milk paid to a farmer depends on multiple factors. The quality of the milk, the quantity of the shipment, and negotiated margins all play a part in every single delivery that farmers make. Additionally, these deliveries are taken in and processed by different organizations, like farmers, agricultural cooperatives, dairies, and testing laboratories. All of this means that the current way of handling payments towards the farmers still involves significant manual effort to verify all inputs and ensure the right process is respected.

To help optimize this process, Trace Labs paired OriginTrail with the smart contract capabilities of Oracle Hyperledger Fabric to deliver a solution that showcases how blockchain-based technologies can improve efficiency, safety, and trust in food supply chains without interrupting the existing business processes. Using the two systems, the milk payment mechanism that Trace Labs developed enables automatic calculation of payments due to each of the farmers based on the trusted milk processing data stored on the OriginTrail Decentralized Network (ODN) and the contractual data stored in the Hyperledger Fabric.

Notably, the new system in no way changes the current IT landscape, nor the existing business processes. Rather, it treats both as key data sources and a starting point for improvement. Each of the involved IT systems (the dairy ERP, the cooperative ERP, and the cooperative contractual data) exports data in its existing format, Trace Labs’ solution restructures the data for interoperability and prepares it for publishing on the OriginTrail DKG.

Since a lot of the included data is very business-sensitive, data access control and permissioning is handled with great care. Critical data is kept in the secure private store of the OriginTrail node subgraph with only key integrity-assuring data points published to the public DKG (metadata for indexing and cryptographic proofs for data validation). Once the cooperative is ready to make the payment, the required payment data is taken out of the Oracle Hyperledger Fabric blockchain and restructured into a payment file.

Combining all components, Trace Labs was able to entirely automate the payment system by simultaneously increasing the integrity level of the entire process and the accountability of each supply chain partner for the parts that they are responsible for. The solution was initially deployed in the scope of the Smart Agri Hubs project supported by the European Union (EU) under Horizon 2020 research and innovation program.

OriginTrail – combining data integrity, confidentiality and connectivity for supply chain transparency and trust

The implemented solutions prove that effective and efficient blockchain solutions can be built on top of existing IT infrastructure enabling systems interoperability and linked data. There was no need for costly rip-and-replace of existing IT infrastructure for any of the stakeholders in the respective value chains when implementing the solutions.

Importantly, by enabling the users of the solutions to combine both the integrity of public networks and the confidentiality of private ones, Trace Labs ensures that agri-food stakeholders can extract tangible benefits from using blockchain-based technologies. Namely, making sure their supply chains are more efficient, more transparent, and more sustainable. All things which increase the long-term viability of their business and allow for a greater value proposition.

This project has received funding from the European Union’s Horizon 2020 research and innovation program under grant agreement No 818182.

online-blockchain-plc:-umbria-defi-launches-airdrop-bounty-program-to-reward-social-media-marketers

Online Blockchain plc: Umbria DeFi Launches Airdrop Bounty Program to Reward Social Media Marketers

March 10, 2021 Published by

 

Decentralised Finance (DeFi) protocol Umbria has initiated the first phase of its bounty program.

Umbria – https://umbria.network/– is inviting crypto enthusiasts with social media flair to spread the word about the project’s upcoming Airdrop and earn $UMBR in return. By performing specific social media tasks, participants will be rewarded with varying amounts of Umbria protocol’s governance token (currently traded on Uniswap).

Anyone creating approved content relating to the Umbria Airdrop such as YouTube videos, blog posts and infographics or raising awareness on social media platforms including Twitter, Facebook, Quora, LinkedIn, TikTok, Bitcointalk or Reddit will be paid in UMBR. The full details and list of social media activities and bounty available can be viewed here.

To claim the rewards for completing an Airdrop-specific bounty task, proof should be submitted to the bounty-program channel of Umbria’s Discord. Once verified, participants will receive Umbria through the Polygon sidechain directly into their Metamask[1] wallet. 10,000 UMBR has been allocated for this initial part of the bounty program.

Umbria, whose governance utility token UMBR can be bought, swapped and added to liquidity pools on Uniswap, recently took the snapshot for its first Airdrop, which will take place on April 2nd: Umbria DeFi Platform Announces First Airdrop of its UMBR Token

The next snapshot (snapshot of the ledger to determine existing UMBR holders) for the second airdrop will take place on April 15th.

  • Users who hold 100 UMBR will receive a portion of 33.4% of the 100,000 UMBR airdrop allocation relative to the total amount of tokens held by the community on the 15th May
  • Umbria holders who provide liquidity to the UMBR-ETH LP pool in Uniswap will receive a portion of 66.6% of the 100,000 UMBR airdrop relative to the total amount of LP tokens held by the community on the 15th May
  • The number of tokens received will be a percentage of the airdrop divided by the total UMBR and UMBR-ETH held by the community. This value is calculated at the time of the snapshot

“We want the community to spread the word, engage and interact with the brand and earn Umbria,” said Oscar Chambers, co-founder and co-lead developer of Umbria. “We’ve seen a lot of interest surrounding the first airdrop and the project in general and want to organically build on this and get more people involved and reaping the benefits.”

If you are interested in becoming an official Umbria Ambassador and earning additional UMBR please get in touch at [email protected] using the subject ‘Brand Ambassador’ in your email.

techx-technologies-boasts-catalx.io’s-significant-month-over-month-growth-in-february-2021

TechX Technologies Boasts CatalX.io’s Significant Month Over Month Growth in February 2021

March 9, 2021 Published by

TechX Technologies Inc. (“TechX” or “the Company”) (CSE:TECX) (OTC:TECXF) (FRA: C0B:FF), a company focused in emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies, is pleased to announce that its initial investment in CatalX CTS Ltd. (“CatalX”) has proven to be an early success. CatalX achieved significant growth in trading volume, daily users, deposits and revenue in February 2021 compared to the previous month.

CatalX, which is Canada’s premier cryptocurrency exchange, is a Canadian-based FINTRAC registered and compliant digital asset exchange platform that specializes in cryptocurrency trading, blockchain and cybersecurity technology.

CatalX announced the following key metrics from February 2021, compared to January 2021:

  • Trading volume increased 271% MoM from $4,014,760 in January 2021 to $14,886,305 in February 2021
  • Monthly transactions increased by 2,281% from 1,012 to 24,091
  • Daily average users increased 75% MoM from 16.41 to 28.64
  • Deposits increased by 182% MoM from $1,229,974 to $3,465,636
  • Revenue increased by 61% MoM from $97,430 to $156,754

CatalX also shared the key metrics for the first six days of March 2021:

  • Trading Volume: $7,985,884
  • Deposits: $4,444,942
  • Daily average trading volume: $1,330,980
  • Daily average deposits: $740,823

“We are ecstatic about our February growth, which has not only met but exceeded our initial expectations, but our month-to-date March numbers have exponentially grown” said CatalX CEO Jae Park. “CatalX has been primarily focused on working towards becoming the first regulated exchange in Canada, and now we’ve had the opportunity to shift our focus toward user acquisition and revenue growth with the investment from TechX has already proven to be a huge success. We look forward to sharing our numbers in the coming months.”

“We are very pleased to share the CatalX Exchange’s exciting growth numbers for last month, which came at no surprise considering the ever-growing excitement surrounding crypto, along with the exchange’s superior features such as having the tightest spreads, fully featured order book and the lowest price for bitcoin in Canada,” said TechX CEO Peter Green. “The first seven days of March have been extremely encouraging, so we look forward to seeing continued increase across the board when those results come in at the end of the month. It’s clear that CatalX is the premier crypto exchange in Canada and we are very happy to be partnered with them.”

TechX signed a definitive agreement (press release from February 16, 2021) to make an equity investment of C$2,000,000 into CatalX.

$1.28m-in-first-tranche-of-private-placement-and-term-sheet-updates

$1.28M in First Tranche of Private Placement and Term Sheet Updates

March 8, 2021 Published by

LUXXFOLIO Holdings Inc. (the “Company”) (CSE: LUXX) is pleased to announce that on March 5, 2021, the Company completed the first tranche of its non-brokered private placement that was previously announced on February 10, 2021 (the “Offering”).

The first tranche consisted of 3,667,147 common shares for gross proceeds of $1,283,501. The shares are subject to a four-month and one day hold period under securities laws.

An insider of the Company subscribed for 70,000 common shares in the Offering and such subscription is a “related party transaction” under Multilateral Instrument 61-101 (“MI 61-101”). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves the insider, exceeds 25% of the Company’s market capitalization. The Company did not file a material change report 21 days prior to the transaction because the Company had not received and accepted a subscription from the insider at that time.

The Company intends to use the proceeds for working capital purposes.

The Company and WestBlock Capital Inc. (“WestBlock”) agreed to extend the Term Sheet Expiry Date of their binding term sheet to March 20, 2021, as the proposed acquisition of WestBlock continues to progress within the broader timelines that were set for completion. The WestBlock acquisition was previously announced on February 10, 2021.

On March 5, 2021, the Company terminated the previously announced non-binding term sheet it entered into with Ocean Falls Blockchain Corp.

priority-technology-holdings,-inc.-to-acquire-finxera-to-create-the-premier-payments-and-banking-as-a-service-platform

Priority Technology Holdings, Inc. to Acquire Finxera to Create the Premier Payments and Banking as a Service Platform

March 8, 2021 Published by

 

Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority”), a leading payments technology company, and Finxera Holdings, Inc. (“Finxera”), a pioneer in the fintech industry that launched and operated one of the first Banking as a Service (“BaaS”) platforms, today announced they have entered into a definitive agreement to merge. Finxera will operate as a wholly owned subsidiary of Priority. The transaction is expected to close in the third quarter of 2021.

Priority’s omni-channel payments platform supports proprietary and third-party software applications built for businesses of any size. Priority’s offering combines modern cloud infrastructure and operational expertise to deliver unparalleled Payment Infrastructure as a Service (“PIaaS”) to organizations with complex payment operation needs, including low friction merchant boarding, underwriting, risk management, and compliance monitoring. Finxera’s BaaS technology allows for the rapid integration of banking services into business applications to establish and manage bank accounts for the collection, storage, and sending of money.  When combined, Priority will offer clients turn-key merchant services, payment facilitation, card issuing, automated payables, virtual banking, and e-wallet tools supported by its best-in-class client service, risk management, underwriting and compliance on a single platform.

“The Finxera acquisition accelerates Priority’s position as a market leader in the convergence of payments and banking as a service” said Tom Priore, Chairman and Chief Executive Officer of Priority. “Our combined platform will be equipped to take and make payments whether on card, ACH, or even blockchain and manage all aspects of payment operations like onboarding, risk, compliance, and client service for our clients.  Together we will be a one stop-shop for payments and virtual bank account management that today’s merchants and modern software companies are seeking in order to manage and monetize their payment networks.”

To learn more about the combined technology platform and financial profile please click on the following link.
http://prth.com/assets/Mar-8-IR-Presentation.pdf.

The Company will host a conference call and webcast to discuss the Finxera acquisition. A
question-and-answer session will follow.

Monday, March 8, 2021
4:00 pm Eastern Time
Phone: US/Canada: (877) 501-3161 or International: (786) 815-8443

Internet webcast link can be accessed at https://edge.media-server.com/mmc/p/x36gfbdx
and will also be posted, along with an accompanying slide presentation, in the “Investor
Relations” section of the Company’s website at www.PRTH.com. An audio replay of the call will be available shortly after the conference call until March 11, 2021 at 7:00 pm Eastern Time. To listen to the audio replay, dial (855) 859-2056 or (404) 537-3406 and enter conference ID number 6988859. Alternatively, you may access the webcast replay in the “Investor Relations” section of the Company’s website at www.PRTH.com.

“Combining with Priority accelerates our original vision to be a disruptive technology in the convergence of payments and banking as a service,” said Sanjoy Goyle, Founder and Chief Executive Officer of Finxera. “We have been hugely impressed with the breadth of Priority’s payments platform, operations, and strategic vision since integrating with the Priority MX platform last year. We look forward to the further combination of the BaaS technology and operations.”

Finxera shareholders, including funds managed by Stone Point Capital LLC (“Stone Point“) and Finxera management team, will retain meaningful equity positions in the combined enterprise, with Goyle and Finxera’s Co-Founder and Chief Technology Officer Praveer Kumar, taking on prominent roles going forward.   “We are excited to add Stone Point as a new long-term shareholder of Priority,” said Priore.  “Stone Point has an exceptional track record of success as a financial services investor; their ongoing participation will be tremendously valuable to our growing enterprise.”

Financing
The merger financing with Finxera includes up to $50 million of Priority common stock to be issued to certain existing shareholders. Additionally, Priority has executed a commitment from Truist for a total debt facility of $630 million to refinance a portion of Priority’s existing debt, to add a new revolving credit facility and to finance a portion of the Finxera closing.

Simultaneous with entry into the merger agreement, Priority obtained an up to $250 million preferred equity commitment from funds managed by certain affiliates of Ares Management to fund a portion of the refinancing of Priority’s existing credit facilities and the acquisition of Finxera, with the remainder to be used to fund future acquisitions.  “We are pleased to continue our relationship with Truist and to expand our relationship with Ares Management and Stone Point Capital,” said Priore.

Pro-Forma Highlights
Based upon forecasted 2021 financial results of Priority and Finxera, the pro forma full year 2021 results of the combined company are expected to be:

  • Revenue of approximately $540 million
  • Adjusted EBITDA of approximately $130 million
  • Free cash flow of approximately $60 million
  • Net leverage ratio below 4.25x

Schulte Roth & Zabel served as legal counsel to Priority.  Truist Securities served as financial advisor to Finxera and Kramer Levin Naftalis & Frankel LLP served as its legal counsel.  Cowen served as sole placement agent in connection with the preferred equity investment by Ares Management.

Use of Non-GAAP Financial Information
Priority supplements its consolidated financial statements presented on a GAAP basis with certain non-GAAP financial information, including adjusted EBITDA, free cash flow and net leverage ratio, to provide investors with greater insight, increase transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making. Priority has not provided a reconciliation of the expected adjusted EBITDA, free cash flow or net leverage ratio contribution by Finxera to the comparable GAAP measures because it is unable to quantify certain amounts that would be required to be included in Finxera’s contribution to such comparable measures without unreasonable efforts due to the unavailability of the information needed to calculate reconciling items. In addition, Priority believes such reconciliation would imply a degree of precision that would be confusing or misleading to investors. The non-GAAP financial measures disclosed by Priority in this press release should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP, and the financial results prepared in accordance with GAAP and reconciliations from these results should be carefully evaluated.

aker-asa-launches-seetee-to-invest-in-bitcoin-and-blockchain-technology

Aker ASA launches Seetee to invest in Bitcoin and blockchain technology

March 8, 2021 Published by

 

Aker ASA (“Aker”) today announced that it has established Seetee AS (“Seetee”), a new company dedicated to investing in projects and companies throughout the Bitcoin ecosystem and which will keep all its liquid investable assets in bitcoin. Seetee is initially capitalized with NOK 500 million.

Seetee will initially focus on 1) investing in and owning bitcoin, 2) joining the Bitcoin and broader blockchain community and establishing partnerships with leading players, 3) launching Bitcoin verification operations, and 4) building and investing in innovation projects and companies in the Bitcoin and blockchain ecosystem.

Seetee will pursue these opportunities by building on the capabilities that have been developed in the Aker Group through the efforts in industrial software, fintech and green energy value chains. This gives Seetee an opportunity to pursue innovations in the Bitcoin and broader ecosystem, e.g. in the areas of cyber security, financial transactions and emissions-free verification operations.

To accelerate its initiatives, Seetee will actively partner with other companies. For this purpose, Seetee has entered into a collaboration agreement with Blockstream, a global leader in Bitcoin and blockchain technology. Blockstream provides companies access to the most mature, well tested, and secure blockchain technology in production – the Bitcoin protocol extended via interoperable sidechains to support new applications – along with the most experienced teams in the industry. The collaboration will initially focus on mining operations and be further developed by building on Blockstream’s unique strengths in blockchain technology and Aker’s industrial legacy and capability set.

“With the launch of Seetee, the Aker Group makes another move into software and fintech. We are very excited about the industrial opportunities that will be unlocked by Bitcoin and blockchain technology, and want to contribute forcefully to that effort. These technologies have the potential to reduce frictions in our day to day lives, enhance the security of our digitally driven economies, and unlock new business models for innovation. We look forward to addressing these and other applications together with Blockstream and other partners,” said Øyvind Eriksen, President and CEO of Aker ASA.

“It’s exciting to see Aker dive into the Bitcoin ecosystem with enthusiasm. We will be working closely with Seetee on Bitcoin mining and sidechain projects that benefit Aker’s group of companies and we expect that their rich experience in leveraging global power infrastructure will prove to be a valuable asset to the Bitcoin industry,” said Adam Back, Co-founder and CEO of Blockstream.

Magnus Granath, Snorre Lorgen and Sverke Lorgen make up the management team that will initiate Seetee’s Bitcoin investments, Bitcoin verification operations and innovation projects. Ola Snøve is the company’s Executive Chairman.

“I’m excited to invest in Seetee and I am looking forward to being the Executive Chairman, continuing to work closely with Snorre Lorgen, Sverke Lorgen, and Magnus Granath. Our conversations with Blockstream have been truly inspiring and I can’t wait to be part of the team, turning opportunity into reality,” said Ola Snøve, Executive Chairman of Seetee.

Kjell Inge Røkke, Chairman of Aker ASA, has offered his reflections about the investment in Bitcoin and establishment of Seetee in a Letter to Shareholders available at www.seetee.io

Seetee is owned by Seetee TopCo AS, which again is owned 90.01% by Aker Capital AS (Aker ASA) and 9.99% by Storbrea AS.

For further information, please contact:
Snorre Lorgen, CEO, Seetee
[email protected]

Christina Chappell Glenn, Head of Communications and Investor Relations, Aker ASA
[email protected]
+47 905 32 774

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Christina Chappell Glenn, Head of Communications at Aker ASA, on March 8, 2021 at 07:25 CET.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-asa/r/aker-asa-launches-seetee-to-invest-in-bitcoin-and-blockchain-technology,c3301475

SOURCE Aker ASA

shareable-asset,-a-leading-asset-digitalization-platform-in-singapore,-makes-leadership-change

Shareable Asset, a leading asset digitalization platform in Singapore, makes leadership change

March 8, 2021 Published by

 

Shareable Asset, one of the few MAS licensed asset digitalization platforms, has appointed its new CEO. Michael Chin, formerly CEO of UBS Asset Management Singapore, joins as CEO effective Mar 5, 2021.

Mr. Chin is a seasoned veteran in the world of investment and finance with over 30 years of experience. He spent 22 years in various locations Hong Kong, Seoul, Taipei and Singapore and functions in UBS AG.

Prior to taking this CEO role, Michael served as an independent director in the BOD of Kakao Bank from 2019, a leading digital bank in the world with over 14 million accounts and $20 billion in assets.

Mr. Chin is expected to incorporate his vast financial sector experience into Shareable Asset’s strong technology platform to lead Shareable Asset to become a leader in the asset digitization market in Singapore and Asia.

Michael Chin, CEO of Shareable Asset said, “I am thrilled to join Shareable Asset which will be a catalyst to the industry to go digital. Blockchain-based tokenization technology will gradually reform the financial industry and enter a new digital era.”

ev-battery-tech-provides-sales,-ecoville,-and-corporate-update

EV Battery Tech Provides Sales, EcoVille, and Corporate Update

March 5, 2021 Published by

Extreme Vehicle Battery Technologies Corp (“EV Battery Tech” or the “Company“) (CSE: ACDC) is pleased to provide an update on its product sales, the developments at EcoVille and other corporate developments.

Update on Products and Sales

  • The Company officially launched its RV FreedomTM on February 24, 2021. During the first day it went live, the Company received so many inquires on its website for this product, that it crashed the system. The Company has already started to increase its staff to keep up with the demand for this product. The Company ambitiously hopes to start shipping this product by the summer of 2021.

  • The Company officially started taking deposits for its Home SmartWallTM on January 21, 2021 and has seen great interest. Customers are able to make a deposit to secure themselves delivery of the Company’s first shipment of Home SmartWall’s expected later this year. The Company also ambitiously hopes to have display models sent to its affiliate showrooms in Toronto (Canada), Los Angeles (United States) and Rome (Europe) by this summer. With a capacity greater than that of Tesla’s Powerwall, a more sophisticated Battery Management System (BMS), safer chemical composition and a lower retail price, the Company aims to outsell Tesla in this category by 2022.

  • The Company officially started taking orders for its Titan EnergyCoreTM on January 28, 2021. This Energy Storage System (ESS) is designed to be stackable so that it can be configured to be able to store enough energy to power an industrial operation or even an entire city. This product has seen a significant amount of interest from energy traders, renewable energy companies and developers. The Company also hopes to pursue larger government sales as cities move towards renewable energy and require the reliability of ESS solutions to back up the intermittent nature of the renewable energy power plants. The Company hopes deliver its first Titan EnergyCoreTM later this year.

  • The Company signed a partnership agreement with Daymak Inc., Canada’s largest distributor of Light Electric Vehicles (LEVs) on February 8, 2021. The Company has already commenced the process to get its products into the Daymak distribution network, which includes some of the largest names in North America, such as Costco, Walmart and Best Buy. The Company is also working with Daymak to introduce new products into the LEV market together. Daymak’s CEO, Aldo XX has joined EV Battery Tech’s Advisory Board.

“We are extremely excited about the overwhelming level interest in our products thus far” stated EV Battery Tech CEO, Bryson Goodwin. “The amount of emails, calls, and orders on the RV Freedom alone, has forced us to increase our staff to handle the massive influx of interest.  This shows a lot of promise for the direction we’re heading in, and we’re delighted for our technology to have this much excitement surrounding it! I believe it truly deserves it!”

New Product Renderings

  • The Company is pleased to announce it has updated the designs of the Home SmartWallTM, and the Titan EnergyCoreTM. The new designs include a brush steel casing and are now displayed in a detailed 360 degree rendering, which more accurately display of what each product is intended to look like. Both of these are available for viewing at www.ionixpro.com.

Update on EcoVille

  • Pursuant to the agreement between the Company and Squamish EcoVille Ltd. dba EcoVille Ltd. (“EcoVille“) previously announced on November 12, 2020, the Company has continued to collaborate with EcoVille and has made significant progress towards setting up energy storage system (ESS) solutions for the upcoming carbon-neutral, self-sufficient eco-community.

  • EcoVille develops eco-communities by bringing together innovative technologies that enable communities to achieve self-sufficiency and carbon neutrality. Currently, EcoVille is developing projects in Squamish and Vancouver, British Columbia. EcoVille will require ESS solutions for its buildings, office space, and renewable energy power stations.

“We are in the customization phase of implementing a Titan EnergyCoreTM to the EcoVille community to allow us to have power stored from renewable sources.” Stated EcoVille Director, Yoga Yogendran. “We are also in the process of implementing multiple Home SmartWall’sTM into townhomes as part of the phase 1 buildout. This will allow storage and peak shavings in the properties. As we progress into phase 2, we will be establishing further implementation of EV Battery Tech’s Ionix Pro products into the community.”

General Corporate Updates

  • The Company has engaged AlphaOne Media Group Inc. (“AlphaOne Media“) to manage its investor relations division. The level of inquires both for the Company and its new products has increased exponentially and so the Company has now brought on a top tier Investor Relations firm to handle the increased traffic. Alpha One Media will assume this role effective immediately and also assist the Company with creating awareness for its products and services. Please see new contact numbers and emails below.

  • Pursuant to the agreement dated August 31, 2020, the Company has issued 217,392 common shares of the Company as the second tranche of shares to Intelligent Battery Services Ltd, (“IBS“) previously referred to as Intelligent Battery Technologies Ltd., for a total aggregate value of $100,000 based on the 30-day volume weighted average price of the ACDC shares on the CSE.
  • The Company has appointed Maryam Amin-Shanjani as its Chief Financial Officer. Ms. Shanjani is a CPA who brings decades of experience to Company in both public and private companies. The Company welcomes yet another talented officer to its executive team as it continues to grow.

  • The Company has signed agreements with Sidis Holdings Limited, Axe Communications Inc., Market IQ Media Group Inc., Stockhouse Publishing Ltd., AI Genius Marketing Inc., Signal Point Communications Inc., Hapbee Media Group Inc., Amherst Baer Consultancy Corp., and Yabucoa Partners Corp. dba Street Smart to assist with the marketing for the Company and creating awareness for the Company’s shares.
prolific-venture-builder-brian-cu-joins-redfox-labs-to-launch-rfox-media

Prolific Venture Builder Brian Cu Joins RedFOX Labs To Launch RFOX Media

March 5, 2021 Published by

 

Vietnam based RedFOX Labs Joint Stock Company (‘RedFOX‘) has built on its latest acquisitions of MYMEDIA DIGITAL and a 2nd generation streaming and content platform by preparing to launch its much anticipated RFOX Media venture and lending assistance from leading platform builder, Brian Cu, former Co-founder of Go-Jek, Zalora and GRAB Philippines, Southeast Asia’s leading ride-hailing company.

RFOX Media will be a direct avenue for thousands of influencers to market to the Southeast Asian population across digital platforms that will also encompass video streaming.

The recent acquisition of MYMEDIA Digital will be the first plug-in of RFOX Media – it is a digital marketing platform that connects consumers directly to brands and influencers across food, fashion, sport, and entertainment and its advertisers include global brands such as Samsung, Huawei, Nestle, Lenovo, Grab, Realme, VIVO, and GrandRoyal who market directly to the 35 million users currently engaging in the platform per month.

Brian Cu, one of Southeast Asia’s most prolific platform builders, will assist RedFOX Labs in rolling out the launch of RFOX Media and securing influencers from across the Southeast Asian market to join RFOX Media.

Cu helped build some of the biggest startups in the last decade. While working as consultant of the Boston Consulting Group, he co-founded Indonesia’s most popular ride-hailing app Go-Jek. In 2012, he helped build the online fashion store Zalora Philippines. And In 2013, he co-founded Grab Philippines and served as president until August 2020. More recently Brian has founded and launched start-up Byahe to tackle and disrupt the Philippines transport industry.

Recently Cu also joined the Board of national airline Cebu Pacific in the Philippines as Non-executive director.

Ben Fairbank, CEO, and Co-founder of RedFOX Labs, commented:

“Launching RFOX Media will be a formative piece in our vision. The ability to scale the ventures we are purchasing and plug them into an integrated system, rolling out across Southeast Asia, is what we have been working on relentlessly for two years.“

“We couldn’t be more delighted to have Brian assist RedFOX Labs to launch and scale RFOX Media. Having worked with Brian previously, we know he understands the RedFOX Labs vision. His expertise in building the biggest platform companies across Southeast Asia and also recruiting mass audiences will ensure the rapid growth we expect for RFOX Media.“

“We will aim to roll out first in the Philippines and then focus on other key markets such as Indonesia and Vietnam, while still remaining focused on Myanmar where MYMEDIA began and still continues its journey. We have some very exciting and engaging initiatives for RFOX Media and couldn’t be happier with how it is progressing so far.“

“The Southeast Asian market has 360 million internet users, with almost a third – 104 million – aged between 25 to 34. They are young, highly platform-literate, and have a thirst for technology and digital inclusion.“

“This is who RFOX Media is built for. You can follow RedFOX Labs for further information and details on RFOX Media.”

Brian Cu commented:

“Having watched the RedFOX Labs team working from afar, it is great to see the vision coming together after considerable effort.“

“Digital inclusion is an important topic in Southeast Asia and the media platform RFOX Media are launching, will help people to create, share and monetise their talents.“

“I am happy to help the team realise their goals through the experience I have gained in launching some of the regions biggest companies.”

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