UnitedCorp Announces Plans to Expand its BlockchainDome Heat Station to a Second Site in Quebec Next phase of expansion would
25 Juli 2018 - 3:30PM
InvestorsHub NewsWire
UnitedCorp
Announces Plans to Expand its
BlockchainDome Heat Station to a Second Site in
Québec
Next phase of expansion
would bring total capacity to
12.2 megawatts
by end of this year
Miami, FL
-- July
25, 2018 -- InvestorsHub NewsWire
-- Miami-based
United American Corp
("UnitedCorp")
(OTC:
UAMA)
announced today that it is now in negotiations for a second site
for its BlockchainDome
Heat Stations as well as
the installation of 2
additional Domes.
This would bring the Company's total capacity to
12.2 megawatts.
With
the recently
announced contracts
and expansion
of 3 more BlockchainDomes
currently under construction and to be completed in October, UnitedCorp has reached the limit of its
capacity of 5,500 servers
on the existing
site. The
Company has therefore been in negotiations for a new site on leased property within the territory of its current power supplier,
the Cooprative Régionale d'Électricité de
St-Jean-Baptiste-de-Rouville ("COOP"). Earlier this year UnitedCorp
executed a series of power contracts with the COOP to
service its existing site
and expansion.
The move is in response to the
high level of interest that UnitedCorp has received for its BlockchainDome and Heat Station technology following the success of its first
installation.
"We have been
very pleased with the technical success of the BlockchainDome,
particularly in light of this year's unusually hot
summer," stated Lawry Trevor-Deutsch, UnitedCorp's Senior Vice President of Corporate
Affairs.
"As a result of
this, and the need we see for BlockchainDome capacity,
this expansion is the next logical step in the company's development."
The COOP's
General Manager, Jacques Collins stated, "With their
focus on supporting the agricultural industry in
Québec, from our
perspective the BlockchainDomes
represent a very good use of the electricity. We have also been very impressed with UnitedCorp's
technology and implementation of this very exciting
project and look forward to working with the company during the next phase."
How BlockchainDomes work can be seen
at: https://www.youtube.com/watch?v=YDmhhaJKHLg
Aerial view
of Operating
BlockchainDome and rendering of
additional greenhouses
Internal View of
BlockchainDome
About United American
Corp
Established in
1992, United American Corp is a Florida-based development and
management company focusing on telecommunications technologies. The
company currently holds the rights to manage a portfolio of patents
and proprietary technology in telecommunications, social media and
more recently in Blockchain PSTN technology.
The UnitedCorp
BlockchainDome was designed to provide heat for agricultural operations
using ASIC
(application-specific integrated circuit chip) mining operations
where efficiency and low-cost operations are a priority. The
BlockchainDomes,
which utilize a
proprietary passive
cooling ground-coupled heat-exchanger technology, are particularly suited for situations where
rapid cluster deployment is required as they can be erected and
commissioned in a matter of weeks rather than up to a year using
the traditional "Bricks and Mortar" approach. BlockchainDomes can be configured in a wide
range of sizes to service
any type of greenhouse operation.
About the Cooprative Régionale d'Électricité de
St-Jean-Baptiste-de-Rouville
The COOP was
founded in 1944 with a
mandate to provide power to rural communities in the region
of St-Jean-Baptiste-de-Rouville, Québec. As the only electrical
cooperative in the province, it provides its members
with a reliable and high quality supply of
electricity and complementary services to meet the needs of
consumers and businesses. In addition to rural markets in its
territory, it also serves 16 local
municipalities.
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
Cooprative Rgionale d'Électricité de
St-Jean-Baptiste-de-Rouville
Contact:
Jenna
Trevor-Deutsch
Investor Relations
investorrelations@unitedcorp.com
604 398 5000 ext: 109
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