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CryptoBlox provides an operational overview and comprehensive corporate update, Canadian Business Journal

Vancouver, British Columbia, March 16, 2022 (GLOBE NEWSWIRE) — CryptoBlox Technologies Inc. (“society” Also “CryptoBlox“) (CSE: BLOX) (OTCQB: CRYBF) The outline of business and corporate activities after 2020 is shown below.

In January 2020, we made a management change and appointed Bryson Goodwin as CEO to take over our business. Our business focused primarily on blockchain technology through our subsidiary 1Linx Ltd., which serves the financial and crypto sector. Cryptocurrencies weren’t working well at the time, so after significant deliberation by management and the board, we have a more targeted blockchain strategy to improve performance and create value for our shareholders. Has begun. We have made significant progress in the last two years based on our unique blockchain technology, which was originally focused solely on financial services. The company is currently expanding its portfolio to cover six areas: finance, smart grid integration, battery technology, applications, electric vehicles and crypto mining.

New blockchain verticals

Battery TechNology

In the summer of 2020, we began to explore new blockchain fields to complement existing blockchain technology. On August 31, 2020, we signed a contract with Jiangsu Rich Power New Energy Co., Ltd.RichPower”), Grants us exclusive rights to use RichPower’s patented Battery Management System (BMS) technology in North America and South America, Europe and Africa. Through the partnership, we have created a new platform that allows us to focus on blockchain technology, which is “battery technology”. This technology was crucial to our future-proof planning, as the battery management system market is projected to be worth $ 12.6 billion by 2024, according to market research reports.1.. To reflect this new path, we have changed our name to Extreme Vehicle Battery Technologies Corp.

We spent several months designing and launching products incorporating newly licensed BMS, such as SmartWall and RV Freedom. During this period, we also entered into several technology sales agreements to provide our BMS-based products and infrastructure for future development projects such as EcoVille.

The battery technology industry was launched to make the company a market leader in the battery technology industry and has shown significant advantages through the continued change of global “green” initiatives. Functional prototypes of SmartWall and RV Freedom have been created and we have begun pre-ordering these products. Due to the global shortage of major components such as battery cells and circuit boards, we have not yet provided our customers with production units for these products, but we are confident that we will be able to do so this year.

Smart grid integration

As we begin developing products based on our newly acquired BMS, management will modify the intellectual property (IP) that we already have in blockchain technology and monetize it through smart grid and microgrid applications. I decided that I had the opportunity. Implementation sector. Management agreed that the use of blockchain-based controls could be a key factor in the general acceptance and transfer of electricity use / sales to end users in the global energy market. .. Management predicted that as the world’s leading cities moved to the “smart grid,” there would be an increasing demand for urban mass storage based on sophisticated blockchain platforms. This led to the design and launch of the TITAN Energy Core and EV Smart Charger. The market is very positive about adopting and integrating these development-based applications. Due to the scale of these developments and the customization required, it can take 24-36 months or more from EOI to implementation, so we remain in the development phase of this business area.

application

With two powerful new industries launched based on the combination of our existing proprietary blockchain technology and RichPower’s patented BMS technology, we are another niche blockchain industry for building shareholder value. I have identified an “application”. After identifying the lack of blockchain-based financial management in the power generation / consumer market, we monitor, maintain, and power home energy systems through a single application for computer and smartphone compatible applications. Development has started. This launched the “Smart Command” application.

Later that year, we announced CryptoPlug Technologies Inc. (“”CryptoPlug”) Is developing a blockchain-based crypto-compatible application for smartphones that enables users to personalize EV power requirements around their surrounding EV infrastructure and use cryptocurrencies to meet their charging needs. rice field. The company is currently working to integrate the CryptoPlug application into the Smart Command application, allowing users to use the Smart Command application to charge electric vehicles and pay in cryptocurrencies.

The combination of the two technologies has been successful and we plan to roll out this application with battery products in 2022. We offer the application to all customers who purchase the product and charge a small monthly fee for their use.

Electric car

On February 5, 2021, we entered into a partnership agreement with Daymak Inc. (“Daymak”), To become the exclusive provider of batteries and battery packs for Daymak’s Avvenire product line. Through this partnership in late 2021, we added a fourth industry based on the blockchain technology that exists in energy storage system (ESS) products, adapting such technology to the electric vehicle (EV) sector. .. That’s why the company’s blockchain-based battery system, powered by RichPower’s BMS technology, has been adopted as a custom battery system for electric vehicles. In December 2021, the first Avenile prototype was completed using the company’s battery system.

We have successfully installed the first battery system on the Avvenire Spiritus announced in December 2021. With the success of this initial installation, we are confident that we will be able to provide a battery system for all Avvenire products. It is scheduled to go on sale in 2022 and 2023.

Cryptographic mining

Through rapid adaptation and M & A efforts, we have made purchases that complement other industries and created a new industry, “Crypto Mining,” with a focus on growth. The company’s success in other blockchain-based industries has provided several IP partnership opportunities based on global adoption and the transition to digital currencies. In December 2021, we announced Optimal CP Inc. (“”Optimal”), It uses our blockchain technology to build cryptocurrency mining operations in Alberta, Canada.

Optimal currently expects the first tranche of 100 ASIC miners to be delivered to the facility in March 2022, with the installation and commissioning of the first mining enclosure expected to take place in the next 4-8 weeks. Will be.

“After taking office as CEO in January 2020, I The company has indicated its intention to expand all divisions so that it can grow into a larger player in the blockchain industry. “ Bryson Dowin, CEO of EV Battery Tech, commented.

“”We started by Integrate two different industries a Individual Diversification Product portfolio When we has been successful in each sector society And i’m looking forward to Take the next step to continue this growth..Also with cryptocurrencies Blockchain Goodwin concludes.

On behalf of the company

Bryson Dowin
Chief executive officer

About CryptoBlox Technologies Inc

CryptoBlox Technologies Inc. is an innovative patented battery management designed to meet the growing demand for scalable and smart solutions for the fast-growing electric vehicle (EV) and energy storage solutions (ESS) markets. A blockchain and battery technology company with systems (BMS). The company is committed to supporting global recycling solutions by providing a recycling initiative that uses its technology to analyze and completely regenerate used batteries.

Contact number and email  

For more information about our company, please see below.https://www.evbattery.tech..
For more information about our products, please visit:https://www.ionixpro.com..
For inquiries from investors, please contact us at (236) 259-0279 or email us.info@evbattery.tech
For product or sales inquiries, please contact us at (236) 266-5174 or email us.sales@ionixpro.com..
All communications are managed by AlphaOneMediaGroupInc.

Description of future prospects

The information in this news release contains specific information and statements regarding future events, expectations, plans, and management’s views of the outlook that make up the forward-looking statement. These statements are based on assumptions that are affected by risk and uncertainty. Forward-looking statements and information may be words such as “expect”, “intended”, “expected”, “potential”, “suggest” or variations of such words or phrases, or It can be identified by using a description that takes a specific action. The event or result occurs, “possible”, “possible”, “should”, “possible”, “possible”, or “possible” , Or may be achieved. Forward-looking statements in this news release include, but are not limited to, statements related to: Battery management system market forecast. A company that provides battery solutions for future development projects. A global opportunity for under-served intellectual property modification and monetization that already exists in our blockchain technology. Blockchain-based securities and control changes and implementations will be a key factor in the general acceptance and transfer of electricity use / sales to end users in the global energy market. The world’s most advanced cities moving to the “smart grid”. An application that builds shareholder value. The company that builds custom battery systems for all Avvenire products. Great for building crypto mining operations using your company’s blockchain technology. And Optimal’s expectations for the delivery of the first tranche of 100 ASIC miners and their consignment to the first mining enclosure. We believe that the expectations reflected in our forward-looking statements are reasonable, but we do not guarantee that the expectations of our forward-looking statements will be proven to be correct. Unless required by law, we reflect actual results, whether or not they are the result of new information, future events, changes in assumptions, or changes in such future-influencing factors. We undertake no obligation to update or revise any forward-looking statement in order to do so. -Appearance statement or other. Further risk factors are discussed in discussions and analysis by our management for the fiscal year ended January 31, 2021.

CSE (operated by CNSX Markets Inc.) has not endorsed or disapproved the content of this press release.


1https://www.prnewswire.com/news-releases/battery-management-system-market-worth-12-6-billion-by-2024–exclusive-report-by-marketsandmarkets-300955334.html


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CryptoBlox provides an operational overview and comprehensive corporate update, Canadian Business Journal

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