Carl Data to ac­quire crypto hard­ware from Con­nected

Stockwatch Daily - - TECHNOLOGY & TELECOM - Mr. Greg John­ston re­ports

CARL DATA So­lu­tions Inc. has en­tered into a let­ter of in­tent to ac­quire cryp­tocur­rency-min­ing hard­ware from Con­nected Fin­tech Inc. and part­ner with Con­nected with re­spect to the joint de­vel­op­ment of a first-of-its-kind IIoT (in­dus­trial In­ter­net of things) blockchain tech­nol­ogy for in­te­gra­tion into the Carl Data’s ma­chine-learn­ing, pre­dic­tive an­a­lyt­ics and op­er­a­tional met­rics for cryp­tocur­rency-min­ing hard­ware.

Greg John­ston, Carl Data pres­i­dent and chief ex­ec­u­tive off i c er, stated: “Con­sis­tent with our business plan to ac­quire new com­ple­men­tary prod­ucts and ser­vices, our part­ner­ship with Con­nected Fin­tech Inc. will al­low us to de­velop the first IIoT blockchain. The tech­nol­ogy will al­low us to build in ac­count­abil­ity, trans­parency and se­cu­rity into the trans­ac­tions of data from var­i­ous mea­sure­ment de­vices. We are very ex­cited to in­tro­duce this new tech­nol­ogy into the IIoT space and know it will be of tremen­dous value for our cus­tomers and all con­sumers of en­vi­ron­men­tal mon­i­tor­ing data.”

Jiang (Jay) Yu, Con­nected Fin­tech Inc. pres­i­dent and chief ex­ec­u­tive of­fi­cer, stated: “I am ex­cited to part­ner with Carl Data So­lu­tions to build out the in­fra­struc­ture for their cryp­tocur­rency-min­ing fa­cil­ity. We also plan on devel­op­ing IIoT blockchain tech­nol­ogy for Carl, a ver­ti­cal within the cryp­tocur­rency and blockchain space that not many are fo­cus­ing on. Hav­ing a part­ner like Carl, a big data com­pany that has the in­fra­struc­ture and abil­ity to make sense of this fast-grow­ing sec­tor within fin­tech.”

In con­nec­tion with the com­pany’s pro­posed ac­qui­si­tion of cryp­tocur­rency-min­ing

hard­ware, the com­pany has agreed to pay Con­nected $250,000 and is­sue to Con­nected up to two mil­lion com­mon shares in the cap­i­tal of the com­pany, such sub­ject to the fol­low­ing mile­stones: (i) one mil­lion shares to be re­leased upon sign­ing of a de­fin­i­tive agree­ment; (ii) 500,000 shares to be re­leased upon the com­pany’s fa­cil­ity and in­fra­struc­ture be­ing made fully com­pat­i­ble with cryp­tocur­rency data min­ers; and (iii) 500,000 shares to be re­leased upon fi­nal in­stal­la­tion of Con­nected’s cryp­tocur­rency-min­ing hard­ware. In con­nec­tion with the pro­posed tech­nol­ogy de­vel­op­ment part­ner­ship be­tween the com­pany and Con­nected, the com­pany has agreed to pay Con­nected a re­tainer of $4,000 per month and will grant a 15-per-cent roy­alty on the com­pany’s gross rev­enue gen­er­ated from cryp­tocur­rency-min­ing ac­tiv­i­ties for an ini­tial term of one year.

The let­ter of in­tent con­tem­plates that a de­fin­i­tive agree­ment will be en­tered into on or be­fore Jan. 2, 2018.

About Carl Data So­lu­tions Inc.

Carl Data So­lu­tions is an in­dus­trial IoT (IIoT) com­pany fo­cused on pro­vid­ing next-gen­er­a­tion in­for­ma­tion col­lec­tion, stor­age and an­a­lyt­ics so­lu­tions for data-cen­tric com­pa­nies. Build­ing on its re­cent ac­qui­si­tions, Carl helps its clients an­a­lyze and un­der­stand all forms of en­vi­ron­men­tal data through a pow­er­ful plat­form of data col­lec­tion, mon­i­tor­ing, re­port­ing and pre­dic­tive anal­y­sis tools.

Carl Data con­tin­ues to de­velop ap­pli­ca­tions to work with new cloud-based mass stor­age ser­vices and an­a­lyt­ics tools (big-data-as-a-ser­vice (BDaaS)) to pro­vide scal­a­bil­ity for mu­nic­i­pal­i­ties, util­i­ties and other in­dus­trial ver­ti­cals. These data col­lec­tion and stor­age meth­ods al­low the com­pany to build smart soft­ware-as-a-ser-vice-(SaaS)-based ap­pli­ca­tions that can col­lect data from many di­verse sources and pro­vide deep in­sight for de­ci­sion-mak­ing pur­poses.

We seek Safe Har­bor.

Chris John­ston, D Gregory John­ston, Rick San­der­son, Bryan Se­gal

(CRL) Shares: 55,211,656

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