UnitedCorp Poised to Capitalize on Qubec's lifting of the Moratorium on Supplying Electricity by Hydro-Qubec to Crypto Mining
31 Mai 2018 - 3:30PM
InvestorsHub NewsWire
UnitedCorp
Poised to Capitalize on
Québec's lifting of the
Moratorium on Supplying
Electricity by Hydro-Québec
to Crypto Mining
Operations through
Promotion of its BlockchainDome
Technology
Company
to increase marketing efforts for
installation of
BlockchainDome
Agricultural Heat
Stations in
Québec
Miami,
FL -- May 31, 2018 -- InvestorsHub NewsWire
-- Miami-based United American
Corp ("UnitedCorp")
(OTC: UAMA)
announced today that
further to
its shareholder communication
on Tuesday regarding completion of its
first BlockchainDome Agricultural
Heat
Station and Greenhouse, it will step up its marketing activities
to
potential
clients
for this patent pending
technology as a
result of Québec's announcement
yesterday
of plans
to lift
the moratorium on supplying power
to new crypto mining facilities.
UnitedCorp
believes that
the proposed lifting of the
moratorium as announced by Pierre Morneau, the Minister of
Energy, will result in
a
significant
increase in demand for mining
installations in general, and that the BlockchainDome Heat
Station and Greenhouse represents
the best option
for this type of facility due to its exceptionally
low capital cost,
rapid deployment,
low
server
operating
cost and
ability to provide low cost heat for agricultural
applications.
Hydro-Québec, the
Province's electricity provider, will be mandated to ensure that
deployment of new crypto mining facilities meets specific criteria in order to
access its
estimated 13 Terawatts of surplus power. This includes maximizing
economic benefits
in Québec and ensuring the stability of the Province's electrical
supply.
The
BlockchainDome provides significant economic
benefits by supplying very low cost
heat for multiple
value-added agricultural applications reducing growing costs in
general and increasing the financial viability of
agricultural
products with high temperature demands.
It is also a
significantly greener option than
traditional facilities because of its much lower ongoing energy
requirements. Furthermore,
having
anticipated the need for electrical stability, the BlockchainDome already
incorporates sophisticated systems to meet Hydro-Québec's
requirement to provide operational
downtime for
100-300 hours per year during peak demands on the grid.
"Even
with the eventual
lifting of the moratorium, there is still a
substantial lead time required to implement traditional
crypto
mining
facilities," stated Benoit Laliberte, CEO
of UnitedCorp. "Operators need to
locate potential
sites, have their proposals vetted
by Hydro-Québec and then construct or retrofit a
building.
All this can take a year or more and is fairly expensive. We
believe that UnitedCorp has the proven proprietary technology and
know-how to get a project up and running quickly and at
a
lower
cost.
Our current operation
is a
showpiece for the
industry."
Video footage of the
dome can be seen at https://youtu.be/YDmhhaJKHLg
Aerial View of BlockchainDome and
Greenhouses
Internal View
of BlockchainDome
About United American Corp
Established in 1992, United
American Corp is a U.S. Florida-based development and management
company focusing on wireless and fixed telecommunications networks,
data centers, social media and blockchain technologies. The company
currently holds the rights to manage a portfolio of patents and
proprietary technology in wireless telecommunications, social
media, cryptographically-based mining data centers, agriculture
heat generation campus and Blockchain PSTN network
technology.
This news
release contains forward-looking statements that are subject to
various risks and uncertainties. The Company's actual results could
differ materially from those anticipated in such forward-looking
statements as a result of numerous factors that may be beyond the
Company's control. Forward-looking statements are based on the
expectations and opinions of the Company's management on the date
the statements are made, and the Company assumes no obligation to
update forward-looking statements should circumstances in
management's expectations or opinions change.
Source:
United American Corp
Lawry Trevor-Deutsch
SVP Corporate Affairs
Contact:
Jenna Trevor-Deutsch
Investor Relations
investorrelations@unitedcorp.com
604 398 5000 ext: 109
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