CurrencyWorks Selected by INVI to Build its Energy Management Blockchain
09 Dezember 2020 - 3:15PM
CurrencyWorks Inc. (“CurrencyWorks” or the “Company”) (TSXV and
OTCQB: CWRK), a publicly-traded company that builds and operates
FinTech platforms for Digital Currencies, Security Tokens and
Digital Assets announced it has been selected by INVI to build and
manage its energy management blockchain.
INVI is a an optimized multi-source energy
generator providing the next generation of renewable energy by
creating energy harvesting systems making use of various energy
sources to power sensors and other products worldwide. INVI uses
three main pillars to harvest electricity: vibrations, resonance
and oscillation.
The blockchain platform that CurrencyWorks is
building will provide the ability to track and audit energy usage
of IoT devices and exchange relevant information via smart
contracts with the eventual means of IoT devices being able to
operate with their own automated digital currencies.
Technological innovations and increasing demands
for connectivity have led to 30B connected devices today and 75B
expected by 2025. The global IoT market is estimated to reach $11.1
trillion per year by 2025. (McKinsey)
Under the terms of the agreement the initial
contract value is up to US$500,000.
“INVI has made amazing strides in harvesting
ambient energy.” said Bruce Elliott, CurrencyWorks President. “The
team at CurrencyWorks is excited to help drive innovation on the
blockchain via smart contracts and eventually automated digital
currencies.”
“As demand for renewable energy grows the INVI
technology will help realize the goal of global energy
sustainability,” said Patricia Trompeter, INVI COO. “An important
part of this will be increased efficiencies in enabling the
tracking and audit of IOT energy usage and data on the
blockchain.”
About CurrencyWorks
CurrencyWorks Inc. (TSX: CWRK and OTCQB: CWRK)
is a publicly-traded company that builds and operates FinTech
platforms for Digital Currencies, Security Tokens and Digital
Assets that reduce costs, increase transactions plus liquidity and
drive user engagement.
For more information on CurrencyWorks, please
visit us at: www.currencyworks.io. For additional investor info
visit www.currencyworks.io or www.sedar.com and
www.sec.gov searching CWRK.
Media ContactArian
Hopkinsarian@currencyworks.io
Company ContactBruce Elliott, PresidentPhone:
424-570-9446Bruce.elliott@currencyworks.io
Investor InquiriesPhone: 424-570-9446 ext.
8ir@currencyworks.io
Disclaimer for Forward-Looking
Statements
This news release contains “forward-looking
statements.” Statements in this news release that are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include,
among other things,: that technological innovations and increasing
demands for connectivity are expected to increase connected devices
to 75B by 2025 and the global IoT market is estimated to reach
$11.1 trillion per year by 2025; that the initial contract value is
US$234,000.00 and up to US$2M and this also includes possible
multi-year operational support; that the team at CurrencyWorks is
excited to help drive innovation on the blockchain via smart
contracts and eventually automated digital currencies; and that the
INVI technology will help realize the goal of global energy
sustainability and an important part of this will be increased
efficiencies in enabling the tracking and audit of IOT energy usage
and data on the blockchain.
The material assumptions supporting these
forward-looking statements include, among others, that there will
be no material variations in current regulatory environments in
which the Company or INVI operates; the perceived benefits from the
Company’s blockchain solutions will be as expected; and the Company
will be able to obtain any necessary financing on acceptable terms.
Although management considers these assumptions to be reasonable
based on information currently available to it, they may prove to
be incorrect. These forward-looking statements are only predictions
and involve known and unknown risks, uncertainties and other
factors, including: the risk that the Company will be unable to
efficiently build the blockchain solutions; the risk that there may
be negative changes in general economic and business conditions;
the risk that the Company may have negative operating cash flow and
not enough capital to complete the blockchain solutions; the risk
that the Company may not be able to obtain additional financing as
necessary; the risk that there may be increases in capital and
operating costs as a result of working on the blockchian solutions;
the risk that the blockchain solutions may be subject to fraud and
other failures; the risk that there may be technological changes
and developments in the blockchain that make the blockchain
solutions obsolete; risks relating to regulatory changes or actions
which may impede the development or operation of the blockchain
solutions; the risk that other competitors may release similar
blockchain solutions; and other general risks involved in the
blockchain solutions.
Any of these risks may cause the Company’s
actual results, levels of activity, performance or achievements to
be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. Further, although the Company has
attempted to identify factors that could cause actual results,
levels of activity, performance or achievements to differ
materially from those described in forward-looking statements,
there may be other factors that cause results, levels of activity,
performance or achievements not to be as anticipated, estimated or
intended. These forward-looking statements are made as of the date
of this news release, and the Company assumes no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements, except as required by applicable law,
including the securities laws of the United States and Canada.
Although the Company believes that any beliefs, plans, expectations
and intentions contained in this news release are reasonable, there
can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate.
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 release.
CurrencyWorks (TSXV:CWRK)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
CurrencyWorks (TSXV:CWRK)
Historical Stock Chart
Von Jan 2024 bis Jan 2025