checkAd

EV Battery Tech Announces Acquisition of Blockchain-Based, Crypto-Compatible Smart Phone Application

The CryptoPlug App will connect EV drivers with EV Charging Stations and enables them to pay with Cryptocurrencies

VANCOUVER, British Columbia, Oct. 22, 2021 (GLOBE NEWSWIRE) -- Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech”) (CSE: ACDC) (OTCQB: CRYBF) is pleased to announce that it has entered into a Share Exchange Agreement (the “Agreement”) to acquire CryptoPlug Technologies Inc. (“CryptoPlug”), an entity developing a blockchain-based, crypto-compatible application for smartphones (the “Application”).

The Application’s primary function will be to enable users to personalize their EV power requirements around surrounding EV Infrastructure, and to enable them the ability to seamlessly pay for their charging needs using cryptocurrency. With the recent surge in interest in cryptocurrency, the Company believes this feature will be very attractive to customers.

The Company and its subsidiary, IoniX Pro Battery Technologies Inc. (“IoniX Pro”), have already launched their own Blockchain Power Management and Application, Smart Command (the “Smart Command”), and now intend to utilize CryptoPlug’s developing application to combine the two and reduce the development time of the Smart Command. The integration of the CryptoPlug features into the Smart Command will optimize how and when customers source all their EV and ESS power. Whether the energy is derived directly from renewable energy or from the grid, the Smart Command is able to monitor charging sessions, track power purchases and can even sell power to the grid, all with its blockchain based platform. Due to the nature of blockchain, the Smart Command will provide the highest level of accuracy and security encryption.

The Smart Command application has been designed with IoniX Pro, specifically with their product suite in mind, allowing for seamless and personalized usage. It is intended to bring flexibility and customer control to the tracking of energy movement for accurate and reliable measurement of energy costs both to and from all energy sources.

The Company intends to continue to build the Smart Command application and provide it to the market free of charge, with a fee-based model on transactions, to generate revenue.

The CryptoPlug technology will be a perfect complement to our Smart Command application and will assist in bringing a more robust application to the market sooner than previously expected,” commented EV Battery Tech CEO, Bryson Goodwin.

Seite 1 von 3



0 Kommentare
Nachrichtenquelle: globenewswire
22.10.2021, 22:30  |  114   |   |   

Schreibe Deinen Kommentar

Bitte melden Sie sich an, um zu kommentieren. Anmelden | Registrieren

 

Disclaimer

EV Battery Tech Announces Acquisition of Blockchain-Based, Crypto-Compatible Smart Phone Application The CryptoPlug App will connect EV drivers with EV Charging Stations and enables them to pay with CryptocurrenciesVANCOUVER, British Columbia, Oct. 22, 2021 (GLOBE NEWSWIRE) - Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV …

Nachrichten des Autors

Titel
Titel
Titel
Titel