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TORONTO and PARIS, 3 January 2019 (GLOBE NEWSWIRE) – Blockchain Foundry Inc. ("Blockchain Foundry" or "BCF") (CSE: BCFN) (FWB: 8BF) (OTC: BLFDF) and ARCHOS SA ("ARCHOS") ( EPA: JXR) are pleased to announce a strategic partnership covering blockchain hardware solutions and related software infrastructure (the "Contract"). Based on this partnership, BCF will become the exclusive North American distributor of the ARCHOS SAFE-T range of hardware cryptocurrency portfolios and guaranteed blockchain solutions.
ARCHOS recently announced the development of SAFE-T Touch, a revolutionary innovation in the segment of hardware portfolios. SAFE-T Touch offers a highly secure hardware portfolio platform, incorporating a reliable execution environment that incorporates ProvenCore's Technology of Test & Run S.A.S., one of Europe's leading software security companies. This focus on safety, combined with an easy-to-use mobile wallet interface, provides SAFE-T Touch users with the best of both worlds; a highly secure environment that is also convenient and easy to use.
In view of the agreement, BCF will grant ARCHOS 3.7 million ordinary shares, equal to approximately 5% of the outstanding shares of BCF. In addition, ARCHOS may be entitled to cash or commission up to 10% of the gross sales achieved by BCF from ARCHOS products in 2019, based on milestones, including the appointment of BCF as a preferred partner of ARCHOS for development services blockchain. The agreement and the strategic partnership are on the same wave length.
"The BCF team has been developing blockchain products and services since 2012. We have been impressed by ARCHOS's strategy and believe that its developments are setting new standards for hardware portfolios, which are key to building a secure blockchain environment. BCF's sales and marketing will actively take care of the owners of North American cryptocurrency resources and the cryptocurrency community in order to promote these innovative products and associated service platforms, "said Blockchain Foundry CEO Dan Wasyluk.
"This partnership is a key milestone for ARCHOS in the development of its Blockchain solutions.The BCF track record in Blockchain technology is impressive, including the creation of the Syscoin platform and the major developments in B2B blockchain services such as Blockmarket Desktop 3.0, a decentralized market and a cryptocurrency portfolio.The team is highly efficient, user-centric and motivated.They are recognized in the crypto community and are long-term supporters of the advantages of hardware portfolios and their extensive use cases. Becoming a BCF shareholder is important as it structures the long-term partnership, "added Loic Poirier, CEO of ARCHOS.
Information on ARCHOS
ARCHOS, pioneer of consumer electronics, continues to innovate and revolutionize the consumer electronics market. Among others, the French producer was the first with an HDD MP3 player in 2000, a media player in 2003, tablets with Google Android in 2009, a Smart Home connected in 2014 and PicoWAN, the first collaborative network dedicated to the world. ; IoT, in 2016. Today ARCHOS designs and democratizes solutions with high innovative value in three segments: mobile solutions, artificial intelligence, blockchain. With headquarters in France, offices in Europe and Asia, ARCHOS is a strong pan-European player. ARCHOS is listed on the C Sub-fund of Eurolist, Euronext Paris, ISIN code: FR0000182479.
About Blockchain Foundry
Blockchain Foundry Inc. develops and markets blockchain-based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology into their businesses.
Press contacts on ARCHOS:
Bénédicte Ernoult – [email protected] – +33 (0) 1 69 33 16 90
Emmanuelle Bureau du Colombier – [email protected] – + 33 (0) 6 09 47 23 49
Press contacts at Blockchain Foundry:
Christopher Marsh – [email protected] – + 1 (647) 330-4572
Forward-looking information
Parts of this press release contain "forward-looking information" under applicable Canadian securities legislation, which is also referred to as "forward-looking statements", which may not be based on historical facts. Where possible, words such as "will", "plans", "predicts", "objectives", "continues", "estimates", "planned", "anticipates", "believes", "intends", "may" "," could "or could, and the negative of such expressions or statements that certain actions, events or results" might "," could "," would "," could "or" will "be taken, occurring or being achieved, they have been used to identify forward-looking information.
Forward-looking statements should not be read as guarantees of future events, results or future results and will not necessarily be accurate indicators of the times in which, or if such results, performance or results will be achieved, if achieved. Readers should not rely excessively on such forward-looking statements, as they reflect current management views with respect to future events and are subject to risks and uncertainties and are necessarily based on a number of estimates and assumptions that, while deemed reasonable by BCF they are intrinsically subject to corporate, economic, regulatory, competitive, political and social uncertainties and contingencies. Many factors could cause BCF's actual results, performance or results to be materially different from the results, performance or future results that may be expressed or implied by such forward-looking statements.
Although BCF has attempted to identify important factors that could cause actual results, performance or results that are substantially different from those contained in forward-looking statements, there may be other factors that may cause unexpected results, performance or results, including an illustrative but not exhaustive title: unexpected sales results, failure to meet intermediate targets in a timely manner; changes in laws; limited operational history of BCF; reliance on the management of BCF; requirements for additional funding; competition in North America and in the world; regulatory or political change.
There is no guarantee that this information will prove accurate or that management's expectations or estimates about future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the expected results or events in these forward-looking statements may differ materially from actual results or events.
As a result, readers should not rely excessively on forward-looking statements. Forward-looking statements in this press release are made at the date of this release. BCF disclaims any intention or obligation to update or revise such information, except as required by applicable law, and BCF assumes no responsibility for disclosure relating to any other company mentioned in this document.
