Carl Data Solutions (CSE: CRL) (FSE: 7C5) (OTC: CDTAF) this morning announced that it has entered into a Letter of Intent (“LOI”) with Connected Fintech for the acquisition of cryptocurrency mining hardware and to partner in joint development of a new, innovative IIoT BlockChain technology. The first-of-its-kind technology will be integrated into Carl Data’s machine learning, predictive analytics and operational metrics for cryptocurrency mining hardware. Regarding the LOI that contemplates entering a definitive agreement on or before January 2, 2018, Greg Johnston, Carl Data President and CEO, stated, “Consistent with our business plan to acquire new complimentary 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.”
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About Carl Data Solutions Inc.
Carl Data Solutions Inc. is 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, analysis and reporting 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-Service (SaaS)-based applications that can collect data from many diverse sources and provide deep insight for decision-making purposes. For more information, visit the company’s website at www.CarlSolutions.com.
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