NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V:

NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Opens PetroBLOQ Blockchain Lab

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced the opening of its Petrobloq Blockchain Lab. The space has been leased and staffed solely for the development of Petrobloq technologies. The company has made strategic hires over the past months, creating a Petrobloq team to focus on developing robust blockchain capabilities. Now that the team is in a single location, development is accelerating. Additionally, the Petrobloq labs team will concentrate on making the supply chain more efficient in the oil and gas industry. “Technological innovation is a top priority for Petroteq— the company intends to continue to strategically invest in technology to benefit our industry, where success or survival depends heavily on being innovative,” Petroteq CEO Alex Blyumkin stated in the news release.

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