Posted by AGORACOM-JC
at 8:38 PM on Tuesday, December 15th, 2020
Entered into a technology integration agreement with LiveCare Corp. and a Value-Added Reseller and Distribution Agreement with Alliance Tele-Med, to provide integrated ECG monitoring through the LiveCare Link+ device and telemedicine platform.
CardioComm confirms integration of their FDA and Health Canada cleared GEMS™ ECG management software, the wireless HeartCheck™ CardiBeat ECG monitor and access to the SMART Monitoring ECG reading service into the Link+ platform has been completed.
Under the agreement, the GEMS™ Mobile app technology was embedded into the Link+ gateway device allowing ECGs to be transferred through the Link+ platform to the CardioComm SMART Monitoring ECG reading service.
Once an ECG report is completed, the report findings are then securely transmitted to the Link+ platform and from there to the Link+ platform’s remote patient monitoring teams.
TORONTO, ON / December 15, 2020 / CardioComm Solutions, Inc.(TSXV:EKG) (“CardioComm” or the “Company“), a global provider of consumer heart monitoring and electrocardiogram (“ECG“) device and software solutions, is pleased to confirm it has entered into a technology integration agreement with LiveCare Corp. (“LiveCare“) and a Value-Added Reseller and Distribution Agreement with Alliance Tele-Med (“Alliance“), to provide integrated ECG monitoring through the LiveCare Link+ device and telemedicine platform.
CardioComm confirms integration of their FDA and Health Canada cleared GEMS™ ECG management software, the wireless HeartCheck™ CardiBeat ECG monitor and access to the SMART Monitoring ECG reading service into the Link+ platform has been completed. Under the agreement, the GEMS™ Mobile app technology was embedded into the Link+ gateway device allowing ECGs to be transferred through the Link+ platform to the CardioComm SMART Monitoring ECG reading service. Once an ECG report is completed, the report findings are then securely transmitted to the Link+ platform and from there to the Link+ platform’s remote patient monitoring teams.
Link+ is a patented smart home gateway that integrates multiple key medical bio-sign monitoring devices in a patient’s home through a proprietary, touch-free device which is always connected to the 4G network. There is no need for patients to connect to any specific Wi-Fi network for the Link+ to fully operate and, once activated, the Link+ transmits data directly to LiveCare’s HIPAA compliant cloud. The Link+ is fully reimbursable through Medicare, Medicaid and many commercial insurance plans using multiple CPT codes.
Through the addition of the GEMS™ technology into the Link+ gateway device, the Link+ device will be capable of recognizing multiple ECG devices with up to 12 leads of ECG recording and provide Link+ customers with more options in choosing a device of their preference. The HeartCheck™ CardiBeat will be the recommended device for remote ECG patient monitoring given its availability in Canada, the US and Europe. All recorded ECGs will be passed through CardioComm’s SMART Monitoring ECG triaging service. ECG reports confirming the presence or absence of an arrhythmia will be provided to Link+ users.
The Link+ platform with ECG monitoring sales and marketing will be undertaken exclusively by Alliance with a focus on monitoring patients with or suspected to have COVID-19. Sales into the US is where the primary marketing efforts are targeted for 2021. CardioComm will see revenue from the sales of the HeartCheck™ CardiBeat ECG devices as well as from ECG triaging service fees.
To learn more about CardioComm’s products and for further updates regarding HeartCheck™ ECG device integrations please visit the Company’s websites at www.cardiocommsolutions.com and www.theheartcheck.com.
About CardioComm Solutions
CardioComm Solutions’ patented and proprietary technology is used in products for recording, viewing, analyzing and storing electrocardiograms for diagnosis and management of cardiac patients. Products are sold worldwide through a combination of an external distribution network and a North American-based sales team. CardioComm Solutions has earned the ISO 13485:2016 MDSAP certification, is HIPAA compliant and holds clearances from the European Union (CE Mark), the USA (FDA) and Canada (Health Canada).
About LiveCare (www.livecareusa.com)
LiveCare’s mission is to improve patient outcomes, lower healthcare costs, and reduce hospital readmissions by developing technology to assist patients and providers during the critical transitional care period. LiveCare’s technology improves patient compliance with post-discharge medical protocols and enhances engagement between patients and providers. With a team of experienced professionals working in research and development, sales, and other capacities, LiveCare is putting the needs of patients and providers at the forefront as it moves the RPM market forward from its corporate headquarters in New York City.
About Alliance-Telemed, LLC
Alliance Tele-Med is a US-based Value-Added Wholesaler & Reseller of state-of-the-art remote patient monitoring (RPM) technology and care management services solutions for domestic and international healthcare delivery organizations and their patients. The company engages with healthcare and life sciences organizations such as Independent and Hospital-Owned Medical Practices, Independent Hospitals and Health Systems, Accountable Care Organizations (ACO’S), Independent Physician Associations (IPA’s), Provider Networks, large Employer Groups and Third Party Administrators, Clinics, FQHC and Regional Health Centers, Senior ‘Aging in Place’ Companies and Facilities such as Assisted Living Facilities, Nursing Homes, Skilled Nursing Facilities, Home Health Companies, pharmaceutical companies, and Clinical Research Organizations (CRO’s).
This release may contain certain forward-looking statements and forward-looking information with respect to the financial condition, results of operations and business of CardioComm Solutions and certain of the plans and objectives of CardioComm Solutions with respect to these items. Such statements and information reflect management’s current beliefs and are based on information currently available to management. By their nature, forward-looking statements and forward-looking information involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements and forward-looking information.
In evaluating these statements, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not assume any obligation to update the forward-looking statements and forward-looking information contained in this release other than as required by applicable laws, including without limitation, Section 5.8(2) of National Instrument 51-102 (Continuous Disclosure Obligations).
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Posted by AGORACOM-JC
at 5:06 PM on Tuesday, December 15th, 2020
Announced that it has entered into an agreement with Gravitas Securities Inc., as sole agent and sole bookrunner, in connection with a marketed commercially reasonable best efforts private placement offering of special warrants of the Company at a price of $0.625 per Special Warrant, for gross proceeds of up to approximately $5,000,000.
The initial closing date is expected to be on or about the week of January 11th, 2021 and the Offering may be completed in one or more closings at the discretion of the Lead Agent.
Vancouver, British Columbia–(December 15, 2020) – FansUnite Entertainment Inc. (CSE: FANS) (OTCB: FUNFF) (“FansUnite” or the “Company“), a technology company providing leading online gaming solutions, is pleased to announce that it has entered into an agreement with Gravitas Securities Inc., as sole agent and sole bookrunner (the “Lead Agent“), in connection with a marketed commercially reasonable best efforts private placement offering (the “Offering“) of special warrants of the Company (“Special Warrants“) at a price of $0.625 per Special Warrant, for gross proceeds of up to approximately $5,000,000. The initial closing date is expected to be on or about the week of January 11th, 2021 (the “Closing Date” or “Closing“) and the Offering may be completed in one or more closings at the discretion of the Lead Agent.
Each Special Warrant shall be exercisable, for no additional consideration at the option of the holder, into one unit of the Company (each, a “Unit“), with each Unit being comprised of one common share of the Company (a “Common Share“) and one half (1/2) of one non-transferable Common Share purchase warrant (each whole warrant, a “Warrant“). Each Warrant will entitle the holder thereof to acquire one Common Share (each, a “Warrant Share“) at an exercise price of $0.78 per Warrant Share for a period of 24 months after Closing (the “Expiry Date“).
The Company has granted the Lead Agent, as well as any other investment dealers or exempt market dealers agreeable to the Company that form a syndicate of agents with the Lead Agent (collectively with the Lead Agent, the “Agents“), an option (the “Over-Allotment Option“) to offer for sale up to an additional $750,000 of Special Warrants issued pursuant to the Offering to cover any over-allotments, exercisable in whole or in part, at any time within 30 days following the Closing Date.
The net proceeds raised under the Offering will be used for working capital and general corporate purposes.
As soon as reasonably practicable after the Closing, the Company will prepare and file with each of the securities regulatory authorities in each of the provinces of British Columbia, Alberta, Manitoba and Ontario, (the “Jurisdictions“) and obtain a receipt for, a final short form prospectus (the “Final Prospectus“), qualifying the distribution of the securities issued pursuant to the Offering, in compliance with applicable securities law, within sixty (60) days from the Closing of the Offering.
In the event that the Company has not received a receipt for the Final Prospectus within sixty (60) days following the Closing, each unexercised Special Warrant will thereafter entitle the holder thereof to receive upon the exercise thereof, at no additional consideration, one-and-one-tenth (1.10) Unit (instead of one Unit) (the “Penalty Ratio“), provided that nothing shall require the Company to issue fractional Units or Common Shares and Warrant Shares underlying such Units, and any fractions resulting from the application of the Penalty Ratio shall be rounded down to the nearest whole number.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.
About FansUnite Entertainment Inc.
FansUnite is a global sports and entertainment company, focusing on technology related to regulated and lawful online gaming and other related products. FansUnite has produced a one of a kind complete iGaming platform, with a sports and esports focus geared for the next generation of online bettors and casino players. The platform includes products for pre-match betting, in-play betting, daily fantasy, content and a certified RNG to produce casino style chance games. The platform operates multiple B2C brands and B2B software for the online gambling industry. FansUnite also looks to acquire technology platforms and assets with high growth potential in new or developing markets.
For further information, please contact:
Prit Singh Investor Relations at FansUnite [email protected] (905) 510-7636
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD-LOOKING STATEMENTS: Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “believes,” “belief,” “expects,” “intends,” ”anticipates,” “potential,” “should,” “may,” “will,” “plans,” “continue” or similar expressions to be uncertain and forward-looking. Forward-looking statements may include, without limitation, statements relating to future outlook and anticipated events such as:the Offering, the use of proceeds from the Offering, the filing and receipt for the Final Prospectus, the establishment of McBookie as a preeminent online betting platform; the expansion of McBookie throughout the UK gambling industry; the effect of upcoming sporting events on betting volume on the McBookie platform; the Company’s unique portfolio of assets; and discussion of future plans, projections, objectives, estimates and forecasts and the timing related thereto. Forward-looking statements are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of FansUnite to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Additional information regarding the risks and uncertainties relating to the Company’s business are contained under the heading “Risk Factors” in the Company’s Non-Offering Prospectus dated March 27, 2020 filed on its issuer profile on SEDAR at www.sedar.com and risks related to global pandemics, including the novel coronavirus (COVID-19) global health pandemic, and the spread of other viruses or pathogens and influence of macroeconomic developments. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The forward-looking statements in this news release are made as of the date of this release. FansUnite disclaims and does not undertake to update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
Posted by AGORACOM-JC
at 4:27 PM on Tuesday, December 15th, 2020
The pandemic has created a new consumer expectation for virtual services
Tech company Binovi gives optometry patients a new alternative
With Binovi Connect, the company has created a seamless network for vision care professionals to work together
With 2020 becoming the year of the homebody, we’ve all had to drastically reduce our trips out of the house. While it’s been hard on everyone, we can consider ourselves lucky that there were already numerous resources to ease the transition into sheltering in place.
It’s no secret that companies bridging the distance between services like food delivery apps, and 24-hour product distribution have been the trend for a while now. Still, with communities shutting down, many newer services crossed the line from following the trend into being embedded into daily life.
While things like Zoom conferences and virtual personal training have been an infrequent occurrence pre-pandemic, consumers have realized that they’re now mainstream and accepted options to save time and social distance.
Office groups are even doing video-streamed murder mystery parties in place of their traditional in-person Christmas gatherings. It’s a new language of behaviour that we’re becoming fluent in as we continue to adapt to how COVID has changed our lives.
Even as restrictions lift and the curve eventually flattens, it’s hard to see a future without these new tools at consumers’ disposal. For instance, who would want to go back to sitting in a crowded waiting room, when you could simply have an online conference with your doctor? This Binovi Platform allows users to browse from a list of Binovi Providers, schedule appointments, conduct screening, and more.
It’s a shift that has already changed the healthcare industry. Specialist professionals can now maximize their patient schedule and keep appointments as socially distanced as possible. While it’s a handy change of pace, there has already been an opportunity to create a more accessible network to maximize efficiency and accuracy for both doctors and patients.
“Once a training regimen is established, along with a schedule for check-ins and evaluations, users can conduct their own training sessions.”
— Adam Cegielski, CEO, Binovi Technologies Corp.
Binovi offers the patient management resource that medical professionals have been waiting for
With one in four people worldwide living with issues related to vision that go beyond visual acuity, it’s time to address this gap and come up with an effective and efficient way for specialists to meet with patients during the pandemic and beyond.
Enter Binovi Technologies (TSXV: VISN | OTCQB: BNVIF), a best-in-class neuro-visual performance platform designed to test, analyze, track, and report on individual cognitive performance.
Established to enhance how optometrists work with their patients and bring treatment into the 21st century, Binovi is supported by recognized optometry leaders worldwide.
This connection to vision therapists, occupational therapists, and physical therapists has led the company towards innovative testing methods that patients can do remotely. While in the presence of a professional, patients produce quantifiable data that Binovi can analyze, consult with other professionals about, and recommend the next steps for treatment.
Binovi’s experience with facilitating a channel between professionals and patients has led to the company’s latest telehealth innovation, Binovi Connect, which is a web-based video conferencing solution that connects consumers to vision care professionals focused on concussions, reading skills, and athletic enhancement.
The new application not only gives a straightforward service to both parties, but it provides a network for professionals to consult and collaborate with each other about specific patient treatments. It’s a streamlining of service that gives clarity and peace of mind to anyone who has felt like they might not have grasped everything their doctor has just said.
Patients can easily choose from specialists who best meet their needs, establish a routine with their selected one, and monitor in real-time the results they’ve made. On the other side of things, doctors can see notes from other professionals and collaborate on multiple fronts to create multi-tiered treatment tactics for shared patients.
It’s a program that has countless applications in the healthcare world, but for the moment, Binovi is remaining focused on vision-based therapy. With 800 clinics across the globe already using Binovi’s systems, their market share of the $74 billion a year Visioncare industry will only grow.
To do that, the company emphasizes the program’s ease of use and a clear value proposition. Binovi Connect is incredibly user-friendly, and patients are given everything they need to create progress.
“Once a training regimen is established, along with a schedule for check-ins and evaluations, users can conduct their own training sessions,” says Cegielski.
“This is happening while still under the watchful eye of their healthcare professionals who can monitor the results with session data stored in the cloud.”
Since the launch of this platform, the 800 organizations have created nearly 31,000 users, together completing more than 400,000 active sessions centered around the Binovi Library list of activities.
Niche treatments for niche ailments
When it comes to niche treatments, Binovi offers patients the materials they need as recommended by each doctor for treatment. This could be equipment for equilibrium building exercises or the means to conduct a supervised vision test.
Binovi Coach encourages and empowers patients to confidently complete their prescribed home therapy with clarity and guidance.
The insights from these sessional treatments are then boosted by the program’s AI. Cloud-based session data is effectively merged with data from the clinicians’ past findings, then offered to each patient’s current therapist. This allows each session to produce real-time suggestions, and present immediate resources to each therapist.
It’s a groundbreaking new approach to treatment, that has produced startling results for patients suffering from concussions, binocular vision dysfunction, amblyopia, and countless other afflictions. With Binovi, patients can actively improve dynamic visual acuity, visual reaction time, depth perception, and hand-eye/body-eye coordination.
The framework is already in place for patients to receive the specialized care they need regardless of geography or time zone. Now, it’s just a matter of time before consumer standards for virtual appointments and personal care reach a tipping point. Determining whether someone needs vision therapy, or could benefit from vision training, can start early.
When that happens, Binovi is ready to serve.
So, what’s next for the platform?
Migrating offline sessions to Binovi Connect
Inclusion of a broader class of providers
Support for more languages
Release of SDK for integration with other platforms
Anonymized data access for research
Expecting to launch a Beta version of the app by fiscal Q1 2021
“We are excited to continue to build out a robust telehealth platform as we continue our mission to be the leader in neuro-vision performance technology space.”
Why should investors take note of Binovi?
Binovi’s future innovation opportunities are largely driven by identifying high-value client needs and evaluating each unique opportunity to develop new products and services in the areas of neurotechnology and vision training to support unlocking human performance.
The company’s future innovation pipeline looks like this:
Expanding its capabilities within the education sector
Partnering with elite athletes, professional sports as well as esports teams
Standardizing data collection in the field to create optimized training regimens based on unique profiles, peer groups and custom goals
Working with military and law enforcement
Treating the aging population and improving performance for those affected by the impact of brain-related diseases or natural aging
Binovi’s innovation milestones from first acquiring Wayne Engineering in 2015 and its educational IP to commercializing its Binovi Connect Platform.
Additionally, the acquisition and integration of the VIMA Rev Strobe Lenses under the Binovi umbrella has provided Binovi with an additional toolset to expand its offering. Developed by Nike’s former Global Director of Vision Science and his team of sport science experts, the VIMA Rev Strobe Lenses are an integrated strobe training system that stimulates neuro-cognition through vision training.
VIMA’s technology is being integrated into Binovi’s product platform, with several orders already fulfilled. Current VIMA Rev strobe users include the NHL’s Colorado Avalanche, the NBA’s Golden State Warriors, Chicago Bulls and the Milwaukee Bucks.
Binovi has had a tremendous year so far, and they’re not done yet.
To learn more about the company, visit their website here.
Posted by AGORACOM-JC
at 11:38 AM on Tuesday, December 15th, 2020
Innocan Pharma Corporation (INNO: CSE) (IP4:FSE) is developing the pharmaceutical guided missile to defeat coronavirus lung infections. The company specializes in the development of new drug platforms which combine unique properties of Cannabinoids.
3 Fully Operating Divisions For Investor Diversification
Innocan has 3 fully operating divisions to address the market for Cannabis products. As a Cannabis investor, why limit yourself to a Company with just one specialty, when Innocan offers you exposure to both the exploding world of cannabis pharma, as well as, a portfolio of patent-pending and launch ready consumer health products.
PHARMACEUTICAL – THE GUIDED MISSILE – Revolutionary technology targeting lungs infected with coronavirus or other viral infections.
CONSUMER RETAIL – DERMA COSMETICS – A premium derma cosmetics brand, manufacturing has commenced with distribution agreements in place.
OVER THE COUNTER (OTC) PRODUCTS FOR PAIN RELIEF – patent-pending CBD pain relief brand received FDA technical validation.
Global Manufacturing / Distribution Agreements
Endless Sky Inc. a Canadian large scale Cannabis extractor (Manufacturing and Distribution – Canada)
Active Therapeutics Ltd of Lancashire, United Kingdom (Distribution – UK and Ireland markets)
iAmHealth Distribution UG (Distribution – Germany)
Completed Trademark Registration in the EU, UK and Switzerland
Completion of the registration of its trademarks: Innocan Pharma, Relief & Go and SHIR in the EU, UK and Switzerland.
These trademarks represent Innocan’s OTC and derma cosmetic brand products that were recently launched in the German and UK markets.
Superior Management Team
In the small cap world, the jockey(s) that drive the horse are just as important as the horse itself. The InnoCan Leadership Group Is Incomparable In The Small Cap World, Comprised Of Leading Israeli Pharmaceutical Executives including:
Executive Chairman (Ron Mayron) was the CEO Of Teva Israel, one of the largest generic pharmaceutical companies in the world
Co-Founder & VP Business Development (Yoram Drucker) was the Founder of 2 NASDAQ Companies (Pluristem & Brainstorm)
Chief Technology Officer (Nir Avram) is a former member of the pharma innovation team at Perrigo, producer of OTC consumer goods and specialty pharma.
Chief Executive Officer (Iris Bincovich) has a proven track record in opening global markets, having managed hundreds of successful transactions in OTC, cosmetics and dermatology.
Together they have built one of the most formidable teams in the small cap cannabis world
Posted by AGORACOM
at 9:25 AM on Tuesday, December 15th, 2020
Toronto, Ontario–(Newsfile Corp. – December 15, 2020) – Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC Pink: TRUFF) (“Red Light Holland“) is pleased to announce that is has commenced growing its second crop of approximately 1,000,000 (1 Million) grams of magic truffles consisting of three different strains, including Psilocybe Mexicana, Psilocybe Galindoi, and Psilocybe Tampanensis.
“Red Light Holland is ecstatic to announce that we have started to grow our second batch of magic truffles, expected to be 10X the original batch’s size totalling an expected 1,000,000 (1 Million) grams of Magic Truffles. We are proud as a company, in the Psychedelic sector to actually produce product now, as opposed to making mere projections about the future. We believe in providing responsible adult access now, through education and information and we are happy to be moving so quickly and efficiently,” said Todd Shapiro, Chief Executive Officer and Director of Red Light Holland. “We are almost done harvesting our expected first batch, which has been pre-sold, and we are again, excited for this future growth.”
“This is another great day for the Company. We have perfected the harvest process right through to packaging and we are excited to be growing this very large amount of Truffles,” added Hans Derix, President of Red Light Holland (who resides in Horst). “Red Light Holland’s growth operation, including sourcing of truffle’s genetics and working with substrates in a proven and perfect growing environment, including working with the proper equipment to complete the growth process from harvest right through to packaging and distribution is something we are truly proud of.”
Red Light Holland’s growth operation, which is approximately 3,000 square feet custom built, indoor growing, production and distribution facility is in Horst, The Netherlands. The expected batch of 1,000,000 grams of Magic truffles, including Psilocybe Mexicana, Psilocybe Galindoi, and Psilocybe Tampanensis is expected to be available in the Netherlands in mid 2021.
About Red Light Holland Corp.
Red Light Holland is an Ontario-based corporation engaged in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.
Toronto, Ontario–(Newsfile Corp. – December 15, 2020) – Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (OTC Pink: TRUFF) (“Red Light Holland“) is pleased to announce that is has commenced growing its second crop of approximately 1,000,000 (1 Million) grams of magic truffles consisting of three different strains, including Psilocybe Mexicana, Psilocybe Galindoi, and Psilocybe Tampanensis.
“Red Light Holland is ecstatic to announce that we have started to grow our second batch of magic truffles, expected to be 10X the original batch’s size totalling an expected 1,000,000 (1 Million) grams of Magic Truffles. We are proud as a company, in the Psychedelic sector to actually produce product now, as opposed to making mere projections about the future. We believe in providing responsible adult access now, through education and information and we are happy to be moving so quickly and efficiently,” said Todd Shapiro, Chief Executive Officer and Director of Red Light Holland. “We are almost done harvesting our expected first batch, which has been pre-sold, and we are again, excited for this future growth.”
“This is another great day for the Company. We have perfected the harvest process right through to packaging and we are excited to be growing this very large amount of Truffles,” added Hans Derix, President of Red Light Holland (who resides in Horst). “Red Light Holland’s growth operation, including sourcing of truffle’s genetics and working with substrates in a proven and perfect growing environment, including working with the proper equipment to complete the growth process from harvest right through to packaging and distribution is something we are truly proud of.”
Red Light Holland’s growth operation, which is approximately 3,000 square feet custom built, indoor growing, production and distribution facility is in Horst, The Netherlands. The expected batch of 1,000,000 grams of Magic truffles, including Psilocybe Mexicana, Psilocybe Galindoi, and Psilocybe Tampanensis is expected to be available in the Netherlands in mid 2021.
About Red Light Holland Corp.
Red Light Holland is an Ontario-based corporation engaged in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws.
Posted by AGORACOM-JC
at 7:51 AM on Tuesday, December 15th, 2020
Announced that it has been awarded two AI related contracts totalling $150,000 on the initial pilot contracts.
The first contract is for tech support for Incheon International Airport Corporation, a major airport in the Republic of Korea.
Company was also awarded a contract with ABL Life Insurance Co., Ltd. for job automation scheduling.
The Company commenced the work, and is already in negotiation to expand the scope of work and contract.
Toronto, Ontario–(December 15, 2020) – Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTC Pink: DTMXF) (the “Company” or “Datametrex”) is pleased to announce that it has been awarded two AI related contracts totalling $150,000 on the initial pilot contracts.
The first contract is for tech support for Incheon International Airport Corporation (“IIAC”), a major airport in the Republic of Korea.
Under the terms of the contract, Datametrex will provide AI for job automation scheduling using AI technologies in partnership with third party software from Sees solutions for Workload Automation-As-A-Service (“WAAAS”). The batch job scheduler will help automate the workflow with all batch jobs that are software managed and approve the results of the execution by WAAAS. Integrated batch job scheduler systems are linked to the existing legacy system and each target system is configured to execute batch jobs. Once operational, the system will feature integrated batch job management, flexible approval system, efficient calendar management, secure security, optimal performance, and agent add-in are features that manage file transfer functions.
The Company was also awarded a contract with ABL Life Insurance Co., Ltd. (“ABL”) for job automation scheduling. The Company commenced the work, and is already in negotiation to expand the scope of work and contract.
About Incheon International Airport Corporation
Seoul Airport, known officially as Incheon International Airport (IATA: ICN, ICAO: RKSI), and is the largest and the primary airport serving Seoul, the capital of South Korea. The airport employs over 40,000 people and include airport management staff, security personnel and system managers.
It is located west of Incheon city and 30 miles (48 km) west of Seoul. Incheon Airport consists of two passenger terminals, and has 111 boarding gates altogether, with 44 in Terminal 1, 30 in Concourse A (connected to Terminal 1), and 37 in Terminal 2. It has been rated as the one of the world’s cleanest airports and highly rated international transit airports by Skytrax. In 2019, the airport served a total of 70,857,908 passengers and ranked 8th in international passengers and 3rd in international cargo. Additional information on Incheon is available at www.airport.kr/
About ABL Life Insurance Co., Ltd
Founded in 1954, ABL Life provides insurance products and financial services to 1.13 million customers based on a nationwide sales network. ABL Life Insurance is striving to become “a reliable global life insurance company that provides ‘better life’ through advanced products and smart services.” Additional information on ABL is available at www.abllife.co.kr/
About Datametrex
Datametrex AI Limited is a technology-focused with exposure to Artificial Intelligence and Machine Learning through its wholly-owned subsidiary, Nexalogy (www.nexalogy.com). Datametrex’s mission is to provide tools that support companies in fulfilling their operational goals, including Health and Safety, with predictive and preventive technologies. By working with companies to set a new standard of protocols through Artificial Intelligence and health diagnostics, Company provides progressive solutions to support the supply chain. Additional information on Datametrex is available at www.datametrex.com.
For further information, please contact: Marshall Gunter – CEO Phone: (514) 295-2300 Email: [email protected]
Neither the TSX Venture Exchange nor it’s Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements including in this news release contain “forward-looking information” or constitute “forward-looking statements” within the meaning of applicable securities laws. Such forward-looking statements or information are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy, including the dollar amount of revenue anticipated under the Agreement.
Forward-looking statements or information are based on current expectations, estimates and projections that involve several risks and uncertainties, which could cause actual results to differ materially from those anticipated by the Company and described in the forward-looking statements or information. These risks and uncertainties may cause actual results to differ materially from the forward-looking statements or information.
Readers are cautioned that the foregoing list is not exhaustive of all possible risks and uncertainties. Readers are also cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations, and opinions of management on the time such forward-looking information is made. Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
Posted by AGORACOM-JC
at 7:47 AM on Tuesday, December 15th, 2020
Announced it has extended until January 15, 2021 its option to acquire a proprietary non-lethal munitions technology system referred to as the Low Energy Cartridge technology
The owner of the LEC Technology is DEFSEC Corporation (“DEFSEC”), an Ottawa-based based private company owned by David Luxton the Executive Chairman of KWESST.
KWESST entered into a letter of intent with DEFSEC on June 6, 2020 to acquire the LEC Technology.
The parties continue to cooperate and are working toward a definitive agreement.
Ottawa, Ontario–(December 15, 2020) – KWESST Micro Systems Inc. (TSXV: KWE) (“KWESST” or “the Company”) today announced it has extended until January 15, 2021 its option to acquire a proprietary non-lethal munitions technology system referred to as the Low Energy Cartridge technology (“LEC Technology”).
The owner of the LEC Technology is DEFSEC Corporation (“DEFSEC”), an Ottawa-based based private company owned by David Luxton the Executive Chairman of KWESST. KWESST entered into a letter of intent with DEFSEC on June 6, 2020 to acquire the LEC Technology. The parties continue to cooperate and are working toward a definitive agreement.
The LEC Technology is a proprietary non-lethal cartridge-based ordnance system with wide application in the rapidly growing market of soldier and law enforcement training, maintenance of public order, personal defence, and high-action gaming. “The market has long required a safer, lower-cost reliable alternative to existing solutions,” said Jeff MacLeod, KWESST Founder and CEO. “We see the LEC Technology as a strong fit with KWESST’s other smart ordnance technologies, like our Shot Counter system. Together, the LEC Technology and Shot Counter have the potential to anchor the build-out of a significant business unit specialized in smart ordnance systems, with a vast global market.”
The contemplated transaction would benefit from the deep combined experience of Jeff MacLeod and David Luxton in the specialty ordnance business. Mr. MacLeod is a highly knowledgeable defence industry executive with over 20 years’ experience in the field of small arms and advanced soldier systems. Prior to establishing KWESST, he was the General Manager of Colt Canada, the primary supplier of small arms to the Canadian military. David Luxton was the founder in 1990 of Simunition Inc., a business that develops and sells simulated munitions for realistic close quarters combat training for military and law enforcement around the world. He sold the business to a large military contractor and from 2015 – 2018 was the Executive Chairman of United Tactical Systems LLC, a U.S. company that develops and sells products for the global less-lethal market.
The purchase price for the LEC Technology shall be satisfied by the issuance to DEFSEC of 1,000,000 shares of KWESST and 500,000 share purchase warrants of KWESST at a price of $0.70 per share. The warrants shall vest as to 25% on the first anniversary of the closing of the LEC Technology acquisition and 25% on each of the subsequent three anniversaries of the completion of the LEC Technology acquisition. DEFSEC shall also be entitled to a 7% royalty on annual sales of the LEC Technology, net of taxes, duties, customs brokerage fees, shipping and handling costs, customer credits, discounts and returns, up to a cumulative maximum of $10 million. The other terms and conditions of the letter of intent between DEFSEC and KWESST are detailed on pages 16 and 17 of the Company’s Filing Statement dated September 28, 2020 which can be found at www.sedar.com. The acquisition of the LEC technology by KWESST remains subject to the approval of the TSX Venture Exchange.
The Company has granted to each of its three independent directors 250,000 stock options pursuant to the Company’s stock option plan. The stock options will vest over a two-year period and may be exercised at a closing price of the Company’s shares on the TSX Venture Exchange on December 15, 2020. The options will be outstanding for a period of five years from the date of grant. The Company has finalized the shares for debt described in its November 25, 2020 news release.
About KWESST
KWESST develops and commercializes high-value ultra-miniaturized technology applications that make a critical difference to the safety and operational effectiveness of personnel in the defence and security industries. The company’s current portfolio of unique proprietary offerings include: its signature TASCSTM (Tactical and Situational Control System) for real-time awareness and targeting information from any source (including drones) streamed directly to users’ smart devices and weapons; the autonomous GreyGhostTM soldier-portable micro drone missile system that defends against small hostile drones including swarms using high-speed kinetic impact; a Ground Laser Defence system to counter the emerging threat of weaponized lasers against personnel; and, the PhantomTM electronic battlefield decoy system to mask the electromagnetic signature of friendly forces with decoy signatures at false locations to deceive and confuse adversaries. All systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems including Frontline, Edge, Killswitch and ATAK (Android Tactical Assault Kit) among others. KWESST also has developmental “smart ordnance” projects including its “Shot Counter” system, which records the number and type of rounds fired, for optimized firearms maintenance and performance. The Company is headquartered in Ottawa, Canada, with representative offices in Washington, DC, London, UK and Abu Dhabi, UAE. KWESST trades on the TSX Venture Exchange under the symbol KWE.
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the timing for the commencement of trading and the plans and operations of KWESST after giving effect to the Qualifying Transaction. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. KWESST disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Posted by AGORACOM-JC
at 7:44 AM on Tuesday, December 15th, 2020
Montreal, Quebec–(December 15, 2020) – Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) (“Peak” or the “Company”), an innovative Fintech service provider to the Chinese commercial lending sector, today provided the following update on its operations and recent events that have occurred since the end of the Company’s third quarter of 2020.
JIANGYIN FINANCIAL CENTRE
Summary and Update:
The Jiangyin Financial Centre is an initiative of the city’s municipal government. The city invited its 200,000+ businesses to join the Financial Centre to qualify for loans and credit from 34 banks and lending institutions based on data analysis and AI-based credit rules powered by the Lending Hub. Since its launch in late September, the Financial Centre has been responsible for almost 100 transactions and has brought more than 3,000 SMEs and several new raw material suppliers to the Lending Hub, including China’s 2nd largest supplier of specialized steel products.
Relevance and Connection to Cubeler Lending Hub Ecosystem:
Peak is building its Cubeler Lending Hub ecosystem as a nation-wide commercial lending ecosystem. The Jiangyin Financial Centre can be seen as a smaller all-encompassing version of the nation-wide ecosystem that will be replicated in other cities and provide Peak with an effective way to accelerate the expansion of the Lending Hub.
Main Benefits to Peak:
Government endorsement
Rapid service expansion with increased transaction volumes
Addition of new banks, lenders and businesses
Template for replication to other cities
GOLD RIVER PLATFORM
Summary and Update:
The Gold River platform is a multi-faceted e-commerce platform that allows clients to purchase products, sell products, manage inventory, make financing requests, organize group purchases and perform a number of other tasks related to supply-chain transactions from the perspective of a supplier or a retailer. By the end of the third quarter, Peak began re-directing some transactions related to its supply-chain financing services, previously outsourced to a third-party, to Gold River. Since then, the platform has continued to be involved in an increasing number of supply-chain financing transactions and has played a pivotal role in helping Peak sign two important agreements with national wholesale distributors.
Relevance and Connection to Cubeler Lending Hub Ecosystem:
The platform used to operate independently of the Lending Hub but is now fully integrated as a key component of the ecosystem and serves as the gateway to the Lending Hub and the main interface through which Peak’s product distribution partners interact with the ecosystem.
Main Benefits to Peak:
Gateway to Lending Hub ecosystem for distribution partners
Versatility to service raw material suppliers, wholesalers and retailers
Ability to provide supply-chain financing related services previously outsourced by Peak
AGREEMENT WITH CONSUMER ELECTRONICS DISTRIBUTOR BEIJING DIANJING COMPANY LTD.
Summary and Update:
Under the terms of this agreement between Peak and Beijing Dianjing Company Ltd. (“BDC”), BDC’s 60,000 online retailers are eligible to get up to 90% of the value of the products they purchase from BDC financed by the Lending Hub’s participating banks and lending institutions. Since the signing of the agreement at the end of October, Peak was able to complete the data sharing interface between BDC’s systems and Peak’s Gold River platform, which is used as the interaction gateway between BDC and the Lending Hub ecosystem. A handful of closely-monitored and controlled transactions were also conducted, which are expected to continue before a planned large-scale deployment of the program in January 2021.
Relevance and Connection to Cubeler Lending Hub Ecosystem:
SMEs are the most important members of the Cubeler Lending Hub ecosystem. Without them, their data and their need for funding there would be no lenders, no ecosystem and no revenue for Peak. Considering that through June 2020, the Lending Hub had less than 25,000 business members, and yet Peak is on pace to exceed CAD$40M in revenue for the year, the potential of adding 60,000 new businesses to the Lending Hub with a single agreement is transformative for the Company in so many ways.
Main Benefits to Peak:
Rapid addition of thousands of businesses to Lending Hub
Exceptional annual revenue potential
Entry into online retail vertical
Template for replication with other distributors
AGREEMENT WITH PACKAGED FOODS DISTRIBUTOR BEIJING JINGYING MANAGEMENT LTD.
Summary and Update:
Similar to its agreement with BDC, Peak’s agreement with packaged foods distributor Beijing Jingying Management Ltd. (“BJM”) allows for BJM’s 250,000+ retail clients to get up to 90% of the value of the products they purchase from BJM financed by the Lending Hub’s participating banks and lending institutions. Peak and BJM are still working on a roll-out plan with the first transactions expected to come by the end of 2020.
Relevance and Connection to Cubeler Lending Hub Ecosystem:
With over 250,000 online and offline combined retailers potentially being added to the Lending Hub ecosystem from a single agreement, the BJM agreement is expected to have the biggest impact to date on the ecosystem. The signing of the agreement also validates Peak’s theory that its agreement with consumer products distributor BDC would serve as a template for agreements with other distributors.
Main Benefits to Peak:
Rapid addition of thousands of businesses to Lending Hub
Exceptional annual revenue potential
AGREEMENT WITH ITALIAN RETAILER GRUPPO COIN AND NETWORK OF SOCIAL MEDIA INFLUENCERS
Summary and Update:
Peak identified a financing need from social media influencers who have become a powerful sales force in the retail space in China and sought to fill that need. Peak signed an agreement with Italian retailer Gruppo Coin to provide short-term loans to social medial influencers who organize product showcase events broadcasted on social media platforms such as TikTok to sell the retailer’s products. This agreement with Gruppo Coin is merely a by-product of the relationship that Peak was able to establish with over 55,000 social media influencers with a combined 120M+ followers, which the Company expects to leverage to generate a new revenue stream by helping retailers all over the world sell to Chinese consumers. The first transactions under the Gruppo Coin agreement are pending and expected to happen shortly.
Relevance and Connection to Cubeler Lending Hub Ecosystem:
Many of the social media influencers operate as small businesses on TikTok and WeChat, which means they can and in fact must become members to the Lending Hub and give access to their business data to the platform in order to be eligible for loans and credit. Through its connection with certain social media influencers, Peak has been working on an interface that will allow sales and business related data to flow from TikTok, WeChat and other social media platforms to the Cubeler Lending Hub.
Main Benefits to Peak:
Access to powerful network of social media influencers
Provide entryway to Chinese retail market for North American and global retailers
Creation of potential new revenue stream
ACQUISITION OF BANKING AI SOFTWARE COMPANY ZHONGKE SOFTWARE INTELLIGENCE LTD.
Summary and Update:
Peak announced that it would be acquiring banking AI software company Zhongke Software Intelligence Ltd. (“Zhongke”). Zhongke develops analytics and AI software used by banks and financial institutions in China to make decisions on loan and credit applications, as well as to process and to manage the applications. The company owns 3 patents, 42 copyrights and 3 trademarks. Peak and Zhongke are in the process of completing their due diligence prior to finalizing the transaction.
Relevance and Connection to Cubeler Lending Hub Ecosystem:
Whereas Lending Hub gathers and analyzes data on small business loan candidates from various sources and applies the banks’ credit rules to the data to help them determine who to lend to and who not to lend to, Zhongke’s software actually creates those credit rules, the logic that governs them and the AI capabilities to continuously improve them. So Zhongke’s software picks up where the Lending Hub platform leaves the credit analysis process for banks and lenders, which makes the applications near perfect complements of one another.
Main Benefits to Peak:
Strengthens Peak’s IP portfolio
Makes Lending Hub offering even more compelling to banks and lenders
Complements Lending Hub data set for improved AI functions, risk analysis and other uses
IMPLEMENTATION OF NEW CHINESE DIGITAL CURRENCY ON GOLD RIVER AND LENDING HUB PLATFORMS
Summary and Update:
Peak’s Gold River and Cubeler Lending Hub platforms are now ready to support China’s new Digital Currency Electronic Payment (DC/EP), making them among the first to provide clients with the ability to conduct DC/EP transactions. The first DC/EP transactions on Lending Hub and Gold River are expected by the end of 2020.
Relevance and Connection to Cubeler Lending Hub Ecosystem:
By being able to conduct DC/EP transactions, Lending Hub clients are expected to benefit from lower interest rates for loans and credit facilitated through the platform, which should drive greater demand for Peak’s services.
Main Benefits to Peak:
First mover advantage and marketing leverage
Potential increase demand for services
About Peak Fintech Group Inc.:
Peak Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating in China’s commercial lending industry. Peak’s subsidiaries use technology, analytics and artificial intelligence to create an ecosystem of lenders, borrowers and other participants in China’s commercial lending space where lending operations are conducted rapidly, safely, efficiently and with the utmost transparency. For more information: http://www.peakfintechgroup.com
For more information, please contact:
CHF Capital Markets Cathy Hume, CEO 416-868-1079 ext.: 251 [email protected]
Peak Fintech Group Inc. Johnson Joseph, President and CEO 514-340-7775 ext.: 501 [email protected]
This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including “anticipate”, “believe”, “could”, “expect”, “intend”, “may”, “plan”, “potential”, “project”, “seek”, “should”, “will”, “would” and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.
Posted by AGORACOM-JC
at 7:38 AM on Tuesday, December 15th, 2020
Announced that fintech innovator, XTM Inc. (CSE:PAID) (“XTM”) has joined its Verifiable Identity Healthcare Credential consortium to support the issuance, management and verification of COVID-19 digital diagnostic testing and vaccination verification for the hospitality, personal care and other business sectors that it services.
XTM joins consortium partners, Trust over IP Foundation, Lumedic, Loop Insights (TSXV:MTRX), The Campus Agency and TripXpertz.
TORONTO, ON / December 15, 2020 /KABN Systems NA Holdings Corp. (CSE:KABN) (the “Company” or “KABN North America”), a Canadian fintech company that specializes in continuous online identity verification, management and monetization in Canada and the US, through its biometrically and identity verified Self Sovereign Identity platform, Liquid Avatar (www.liquidavatar.com), today announces that fintech innovator, XTM Inc. (CSE:PAID) (“XTM”) has joined its Verifiable Identity Healthcare Credential consortium to support the issuance, management and verification of COVID-19 digital diagnostic testing and vaccination verification for the hospitality, personal care and other business sectors that it services. XTM joins consortium partners, Trust over IP Foundation, Lumedic, Loop Insights (TSXV:MTRX), The Campus Agency and TripXpertz.
XTM enables North American industry leaders in the hospitality, personal care and sports and entertainment sectors to power cashless payments to employees, including 7 of the 10 largest restaurant chains; 5 of the largest pizza delivery chains including Dominos and Boston Pizza; the largest personal care salon chain; and the largest Canadian sports and entertainment group.
“We’re excited to join KABN, Liquid Avatar and the other consortium partners to bring our expertise in reaching and supporting large organizations and their employees in the hospitality, personal care, food services and entertainment sector that have been adversely affected by the pandemic,” said Marilyn Schaffer, CEO of XTM. “Our goal is to help our industry partners, in any way possible, to support their current, limited activities, and to help create and support innovative solutions, like the Verifiable Identity Healthcare Credential initiative, so that restaurants, delivery services, salons and other personal care facilities and venues can safely and effectively expand operations to the public.”
The consortium has developed an integrated solution ecosystem that enables healthcare issuers, individuals and verifiers to have a digital COVID-19 verifiable identity healthcare credential that is secure, user managed and controlled to ensure privacy, transportability and ease of use. This solution supports the foundation for the acceptance of digital Healthcare Passports and allow qualified Health Professionals with the ability to issue a Verifiable Credential that enables venues and other facilities to verify both the issued credential and the known user in real-time to grant access and / or services.
The ecosystem is built on a Trust over IP (TOIP) open standards framework, and the World Wide Web Consortium’s (W3C) specifications for decentralized identifiers for credential management with the ability to issue, manage and verify interoperable COVID-19 vaccination and other verifiable credentials across a host of user managed and controlled digital wallets and applications.
Verifiable identity and access credentials can be used for multiple use cases such as Education, Workplaces, Tradeshows, Healthcare, Sporting Events, Concerts, Entertainment, Travel, Places of Worship, Senior Living, and other facilities, venues and locations and opens the door to further opportunities for commercial and consumer opportunities.
Powering and supporting the entire user experience, Liquid Avatar’s Self Sovereign Identity (SSI) platform, which includes user biometric validation and a bank-grade verified identity credential, is available to consumers at no cost. Liquid Avatar enables users to verify and manage their identity and access credentials in a cloud-based, biometrically secure application. Users have complete control over their digital assets (like wallets, passwords and more), identity, and data through easy-to-use avatars that can be shared, on a permission-basis with others.
The COVID-19 Verifiable Healthcare Credential combines healthcare data with the user’s biometrically verified identity credential. When a request is made by a Verifier, the User has a choice of which attributes are shared, creating a private verification transaction between themselves and a verifier. While much of the technology and services are already in place, the launch of the healthcare credential pilot is expected to take place in the first quarter of 2021 to coincide with the expected release of the COVID-19 widespread vaccination program. This solution will not only be able to verify identity credentials for the Covid-19 vaccines, diagnostic and antibody testing, but will also be able to support a wide range of immunizations and healthcare records.
“Liquid Avatar and the consortium partners are working together to create open-source solutions that can help empower users to return to public life and the things they once did freely, pre-COVID-19, with ease and continued safety,” said David Lucatch, CEO of KABN. “Together with this amazing group and a growing list of partners we will enable, through this and future verifiable identity and access credentials, people to interact with businesses, schools, entertainment venues, retailers, airlines, resorts, and others and do the things and go to the places that they did before the pandemic changed our lives.”
Healthcare issuers and individuals will be granted access to the system at no cost. Verifiers wishing to access the system will be charged a nominal subscription and micro-payment per verification, making it very cost efficient and effective to use the system for small and medium sized enterprises all the way up to major airlines, venues and facilities. The partners are committed to making the services affordable to all parties, so that everyone can get back to their everyday lives.
The KABN Network is working with leading industry partners to provide a safe and effective ecosystem that supports the issuance, ownership and verification of these verified identity and access credentials and is proud to be working with the following partners at the outset of this announcement covering a wide range of technologies, issuer, consumer, and verification engagement, with additional partners to be named as the program grows.
In addition to Liquid Avatar, our consortium partners Include:
As a member of the Trust over IP Foundation (www.trustoverip.org) steering committee, The KABN Network is committed to the organization’s open-standard framework and tech stacks. ToIP recently released its Covid-19 Credentials Initiative (“CCI”) Governance Framework for public review.
The KABN Network, as a founding partner, is working with the Lumedic Exchange (www.lumedic.io), an open-standards, decentralized framework for the healthcare industry giving patients greater control over their health data.
Powering professional sports, entertainment, collegiate and other venues and facilities with Automatic Contract Tracing, Loop Insights, Inc. (www.loopinsights.ai) (TSXV:MTRX) has developed a fully managed contactless check-in platform that securely transfers contact information and triggers real-time notifications at scale.
With reach to over 2,000 US College and University campuses and over 1.5 Million Gen Z students, alumni and families, The Campus Agency (www.thecampusagency.com) has been supporting innovative direct to student and online marketing programs for over 40 years.
Powering over 1,000 travel and government tourism boards, airlines, travel wholesalers and resorts in US, Canada, Mexico, the Caribbean and around the world, to more effectively reach their intended travel audiences with end to end travel marketing management, booking and analytics solutions TripXpertz (www.tripxpertz.com) is changing the way the travel industry reaches travelers and how travelers can receive better value from their travel experiences.
As a fintech innovator in the challenger banking space, XTM (CSE:PAID) is a global card issuer and payment specialist that supports business and workers to expedite cashless earnings payout and reduce or eliminate banking fees. XTM powers a wide range of industry sectors, including the hospitality and personal care industries.
For more information on the program and / or how to become a consortium partner or participant, please visit www.liquidavatar.com
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XTM, www.xtminc.com is a Toronto-based fintech innovator in the challenger banking space helping business and workers alike expedite earnings payout and reduce or eliminate banking fees. We are a global card issuer and payment specialist providing free technology to business to automate and expedite worker payouts that can eliminate cash. XTM integrates businesses to a payment ecosystem that is coupled with a free mobile app and Mastercard debit card with free banking features. XTM drives enterprise value and creates a positive user experience.
XTM Inc. is publicly listed on the Canadian Securities Exchange (CSE) under the symbol “PAID” (CSE:PAID).
For further information please visit xtminc.com or contact:
KABN Systems NA Holdings Corp. through its wholly owned subsidiary KABN Systems North America Inc. focuses on the verification, management and monetization of Self Sovereign identity, empowering users to control and benefit from the use of their online identity. The KABN proprietary technology suite includes 4 key products:
Liquid Avatar is a verified Self Sovereign Identity platform that empowers users to create high quality digital icons representing their online personas. These icons, in conjunction with KABN ID, allow users to manage and control their digital identity and Verifiable Access and Identity Credentials, and to use Liquid Avatars to share public and permission based private data when they want and with whom they want. www.liquidavatar.com
KABN ID is an Always On, biometric and blockchain based digital identity validation and verification platform allowing users to continuously and confidently prove themselves throughout the online community.
KABN Systems NA Holdings Corp. is publicly listed on the Canadian Securities Exchange (CSE) under the symbol “KABN” (CSE:KABN).
The Company also trades in the US under the symbol “TRWRF” and in Frankfurt under the symbol “4T51”
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The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities under the KABN Financing in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but is not limited to, information concerning the ability of the Company to generate revenues, roll out new programs and to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
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