NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V:
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Posted On: 12/27/2017 5:02:43 PM
NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) CEO Releases Letter to Shareholders
Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of environmentally friendly heavy oil processing and extraction technologies, this morning announced the release of a year-end letter to shareholders from chairman and CEO Aleksandr Blyumkin. In the letter, Blyumkin gives a brief history of Petroteq, detailing its evolution from a fuel delivery company to a disruptive player in the energy technology market. He also discusses Petroteq’s recent moves to implement blockchain technology in the energy industry. “[W]e have identified an aspect of the energy industry where [we] believe we can have further impact. It was [President Jerry Bailey’s] experience as head of Exxon in the Middle East that really confirmed the opportunity for bringing the blockchain to the Energy Industry,” Blyumkin stated in the news release. “Through our recently created PetroBloq subsidiary, and a working relationship with First Bitcoin Capital we intend to help reduce the massive administrative costs in the Energy Industry, as a developer and service provider of Blockchain enabled technology products.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of environmentally friendly heavy oil processing and extraction technologies, this morning announced the release of a year-end letter to shareholders from chairman and CEO Aleksandr Blyumkin. In the letter, Blyumkin gives a brief history of Petroteq, detailing its evolution from a fuel delivery company to a disruptive player in the energy technology market. He also discusses Petroteq’s recent moves to implement blockchain technology in the energy industry. “[W]e have identified an aspect of the energy industry where [we] believe we can have further impact. It was [President Jerry Bailey’s] experience as head of Exxon in the Middle East that really confirmed the opportunity for bringing the blockchain to the Energy Industry,” Blyumkin stated in the news release. “Through our recently created PetroBloq subsidiary, and a working relationship with First Bitcoin Capital we intend to help reduce the massive administrative costs in the Energy Industry, as a developer and service provider of Blockchain enabled technology products.”
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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