Vancouver, B.C., March 16, 2022 (GLOBE NEWSWIRE) — CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) (OTCQB: CRYBF) is happy to offer the next overview of its operations and company actions since 2020.
In January 2020, the Company underwent a administration change and appointed Bryson Goodwin as CEO, to take over the Company’s operations. The Company’s operations have been primarily targeted on blockchain applied sciences, by means of the Company’s subsidiary, 1Linx Ltd., that served the monetary and cryptocurrency sectors. Cryptocurrencies weren’t performing effectively on the time, so following vital deliberation by the administration and Board of Directors, the Company undertook a extra focused blockchain technique to boost its efficiency and create worth for its shareholders. The Company has made vital progress previously two years, constructing on its authentic blockchain expertise that was initially targeted solely on monetary companies. The Company has now grown its portfolio to incorporate six verticals: finance, sensible grid integration, battery expertise, functions, electrical autos and crypto mining.
New Blockchain Verticals
Battery Technology
In summer time of 2020, the Company started looking for avenues in new blockchain verticals to enrich its current blockchain expertise. On August 31, 2020, the Company entered into an settlement with Jiangsu RichPower New Energy Co Ltd. (“RichPower”), granting the Company unique rights in North and South America, Europe and Africa to make use of RichPower’s patented battery administration system (BMS) expertise. Through the partnership, the Company created a brand new platform by means of which it might focus its blockchain expertise, being “Battery Technology.” This expertise was pivotal to the Company’s forward-looking plan, as in keeping with a market analysis report, the battery administration system market is projected to be price $12.6 Billion by 20241. To mirror this new path ahead, the Company modified its title to Extreme Vehicle Battery Technologies Corp.
The Company spent a number of months designing and launching merchandise that included the newly licensed BMS, such because the SmartWall and the RV Freedom. Over this era, the Company additionally secured a number of expertise distribution agreements for upcoming growth tasks, corresponding to EcoVille, to offer such tasks with merchandise and infrastructure based mostly on the Company’s BMS.
The Battery Technology vertical was initiated to propel the Company into turning into a market chief within the battery tech trade and has proven nice benefit with continued adjustments in international “inexperienced” initiatives. Functional prototypes of the SmartWall and the RV Freedom have been constructed and the Company has commenced taking pre-orders of those merchandise. Due to international provide shortages of key elements corresponding to battery cells and circuit boards, the Company has but to ship any manufacturing items of those merchandise to prospects, however is assured they are going to be ready to take action this 12 months.
Smart Grid Integration
As the Company commenced growth of merchandise based mostly on its newly acquired BMS, administration decided that there was a possibility for the Company to switch the mental property (IP) already current in its blockchain expertise and monetize it by means of functions within the sensible grid and micro grid implementation sectors. Management was in settlement that the usage of blockchain based mostly controls might be an important element inside the normal acceptance and transference of energy utilization/gross sales to the tip consumer in international power markets. Management foresaw that, because the world’s developed cities transitioned into “Smart Grids”, mass storage for cities, based mostly on a classy blockchain platform, could be more and more wanted. This led to the design and launch of the TITAN EnergyCore and EV Smart Charger. The market has been very favorable to the adoption and integration of those development-based functions. With the size of those developments and their required customization, occasions from EOI to implementation can take 24-36 or extra months, so the Company stays within the growth section of this enterprise vertical.
Applications
With two robust new verticals launched based mostly across the mixture of the Company’s current proprietary blockchain expertise with RichPower’s patented BMS expertise, the Company recognized one other area of interest blockchain vertical to construct shareholder worth, “Applications.” After figuring out a scarcity of blockchain-based monetary controls within the energy creation/consumption market, the Company started the event of an software appropriate with computer systems and sensible telephones that will monitor, preserve, and energy residence power programs in by means of a single software. This led to the launch of the “Smart Command” software.
Later within the 12 months, the Company acquired CryptoPlug Technologies Inc. (“CryptoPlug”), which was creating a blockchain-based, crypto-compatible software for smartphones that will allow customers to personalize their EV energy necessities round surrounding EV Infrastructure and allow them to pay for his or her charging wants utilizing cryptocurrency. The Company is now working to amalgamate CryptoPlug’s software into its Smart Command software, in order that customers are in a position to cost their electrical autos utilizing the Smart Command software and pay by cryptocurrency.
The Combination of the 2 applied sciences has been successful and the Company expects to roll out this software alongside its battery merchandise in 2022. The Company will provide the applying to all prospects who purchase its merchandise and will cost a small month-to-month charge for its use.
Electric Vehicles
On February 5, 2021, the Company entered right into a partnership settlement with Daymak Inc. (“Daymak”), for the Company to be the unique supplier of batteries and battery packs for Daymak’s Avvenire product line. Later in 2021 and by means of this partnership, the Company added a fourth vertical based mostly on the blockchain expertise current in its power storage system (ESS) merchandise, tailored such expertise to the Electric Vehicles (EVs) sector. The Company’s blockchain-based battery programs that includes RichPower’s BMS expertise have been therefore tailored into customized battery programs for electrical autos. In December of 2021, the primary Avvenire prototype was accomplished utilizing the Company’s battery system.
The Company efficiently put in its first battery system within the Avvenire Spiritus, which was unveiled in December of 2021. With the success of this primary set up, the Company is assured will probably be in a position to ship on battery programs for all the Avvenire merchandise as they’re set to start gross sales in 2022 and 2023.
Crypto Mining
Through fast adaptation and M&A efforts, the Company made a purchase order that complemented its different verticals to create a brand new and extremely growth-focused vertical, “Crypto Mining.” The Company’s success with its different blockchain-based verticals introduced a number of IP partnership alternatives grounded on the earth’s adoption and transition to digital currencies. In December 2021, the Company acquired Optimal CP Inc. (“Optimal”), which is able to use the Company’s blockchain expertise to construct out a crypto mining operation in Alberta, Canada.
Optimal at present expects an preliminary tranche of 100 ASIC miners to be delivered to its facility in March 2022, with the set up and fee of the primary mining enclosure anticipated over the next 4 to eight weeks.
“After taking the position of CEO in January 2020, I had set intentions for the Company to develop all of its divisions to permit for progress into a much bigger participant within the blockchain trade,” commented EV Battery Tech CEO, Bryson Goodwin.
“We began by integrating two totally different industries into a distinctive diversified product portfolio and we have seen success in every division of the Company and I look ahead to taking the subsequent steps to proceed this progress. We have additionally now modified the title of the Company to greatest mirror the broader imaginative and prescient and diversification of our Company as we give attention to Crypto and Blockchain ” concluded Mr. Goodwin.
On behalf of the Company,
Bryson Goodwin
Chief Executive Officer
About CryptoBlox Technologies Inc
CryptoBlox Technologies Inc. is a blockchain and battery expertise firm with revolutionary, patented battery administration programs (BMS) designed to fulfill the rising demand for scalable, sensible options for the quickly rising electrical car (EV) and power storage resolution (ESS) markets. The firm has dedicated to aiding international recycling options by providing recycling initiatives utilizing their expertise to research and absolutely refurbish used batteries.
Contact Numbers and Emails
For additional details about the Company, please go to https://www.evbattery.tech.
For additional details about the Company’s Products please go to https://www.ionixpro.com.
For Investor Inquiries, please contact (236) 259-0279 or e-mail [email protected]
For Product or Sales Inquiries, please contact (236) 266-5174 or e-mail gross [email protected].
All communications are managed by AlphaOne Media Group Inc.
Forward Looking Statements
The info on this information launch contains sure info and statements about administration’s view of future occasions, expectations, plans and prospects that represent ahead wanting statements. These statements are based mostly upon assumptions which might be topic to dangers and uncertainties. Forward-looking statements and info will be recognized by way of phrases corresponding to “expects”, “intends”, “is anticipated”, “potential”, “suggests” or variations of such phrases or phrases, or statements that sure actions, occasions or outcomes “might”, “might”, “ought to”, “would”, “would possibly” or “will” be taken, happen or be achieved. Forward-looking statements on this information launch embrace, however will not be restricted to, statements referring to: the Company’s marketing strategy enhancing the Company’s efficiency and return for its shareholders; the projected worth of the battery administration system market; the Company offering battery options to imminent growth tasks; the underserviced international alternative for the modification and monetization of the mental property already current within the Company’s blockchain expertise; the alteration and implementation of blockchain based mostly securities and controls turning into an important element inside the normal acceptance and transference of energy utilization/gross sales to the tip consumer in international power markets; the world’s developed cities transitioning into “Smart Grids”; functions constructing shareholder worth; the Company constructing customized battery programs for all Avvenire merchandise; Optimal utilizing the Company’s blockchain expertise to construct out a crypto mining operation; and Optimal’s expectation of the supply of the preliminary tranche of 100 ASIC miners and their fee into the primary mining enclosure. Although the Company believes that the expectations mirrored in forward-looking statements are cheap, it may give no assurances that the expectations of any forward-looking assertion will show to be appropriate. Except as required by regulation, the Company disclaims any intention and assumes no obligation to replace or revise any forward-looking statements to mirror precise outcomes, whether or not on account of new info, future occasions, adjustments in assumptions, adjustments in elements affecting such forward-looking statements or in any other case. Further danger elements are mentioned within the Company’s Management Discussion and Analysis for 12 months ended January 31, 2021.
The CSE (operated by CNSX Markets Inc.) has neither accredited nor disapproved of the contents of this press launch.
1 https://www.prnewswire.com/news-releases/battery-management-system-market-worth-12-6-billion-by-2024–exclusive-report-by-marketsandmarkets-300955334.html
https://www.globenewswire.com/news-release/2022/03/16/2404589/0/en/CryptoBlox-Provides-Operations-Overview-and-Comprehensive-Corporate-Update.html
