NetworkNewsBreaks – Carl Data Solutions Inc. (CS
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Posted On: 12/07/2017 5:41:47 PM
NetworkNewsBreaks – Carl Data Solutions Inc. (CSE: CRL) (FSE: 7C5) (OTC: CDTAF) Enters LOI for Acquisition of Cryptocurrency Mining Hardware and Joint Development of IIoT BlockChain Technology
Carl Data Solutions (CSE: CRL) (FSE: 7C5) (OTC: CDTAF) this morning announced that it has entered into a Letter of Intent (“LOI”) with Connected Fintech for the acquisition of cryptocurrency mining hardware and to partner in joint development of a new, innovative IIoT BlockChain technology. The first-of-its-kind technology will be integrated into Carl Data's machine learning, predictive analytics and operational metrics for cryptocurrency mining hardware. Regarding the LOI that contemplates entering a definitive agreement on or before January 2, 2018, Greg Johnston, Carl Data President and CEO, stated, "Consistent with our business plan to acquire new complimentary products and services, our partnership with Connected Fintech Inc. will allow us to develop the first IIoT BlockChain. The technology will allow us to build in accountability, transparency and security into the transactions of data from various measurement devices. We are very excited to introduce this new technology into the IIoT space and know it will be of tremendous value for our customers and all consumers of environmental monitoring data."
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Carl Data Solutions (CSE: CRL) (FSE: 7C5) (OTC: CDTAF) this morning announced that it has entered into a Letter of Intent (“LOI”) with Connected Fintech for the acquisition of cryptocurrency mining hardware and to partner in joint development of a new, innovative IIoT BlockChain technology. The first-of-its-kind technology will be integrated into Carl Data's machine learning, predictive analytics and operational metrics for cryptocurrency mining hardware. Regarding the LOI that contemplates entering a definitive agreement on or before January 2, 2018, Greg Johnston, Carl Data President and CEO, stated, "Consistent with our business plan to acquire new complimentary products and services, our partnership with Connected Fintech Inc. will allow us to develop the first IIoT BlockChain. The technology will allow us to build in accountability, transparency and security into the transactions of data from various measurement devices. We are very excited to introduce this new technology into the IIoT space and know it will be of tremendous value for our customers and all consumers of environmental monitoring data."
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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