WaveDancer Formally Launches Commercial Product With Announcement of New Commercial Partnership
27 October 2022 - 12:04AM
WaveDancer, Inc., (NASDAQ: WAVD) announced today that it has signed
an agreement with a construction company to begin using the
Maverix™ platform for end-to-end material tracking and
construction lifecycle management and as part of their supply chain
digital transformation efforts. Additionally, the company will
leverage the encrypted communications and auditing capabilities
offered within the Maverix platform.
“We are excited to be working with a commercial
company that sees the tremendous value blockchain can bring to the
supply chain ecosystem. Working with a number of partners and the
Maverix platform will give them complete visibility up and down the
chain, serving up data that is trustworthy and secure,” said Randy
Boone, WaveDancer’s Chief Revenue Officer. “Not only do we expect
the customer to gain tremendous efficiencies in human capital,
payment processing, invoice reconciliation and dollars spent, but
it will also achieve a level of transparency and accountability
between the company and its partners that is lacking in today’s
supply chains.”
“After having proven the power of blockchain in
supply chain management for the U.S. government, we are excited to
bring it to the commercial marketplace,” said Jamie Benoit,
WaveDancer’s CEO. He added, “This commercial engagement establishes
our beachhead in the construction vertical and validates the hard
work of our development team. It’s a watershed moment for us and
provides an environment where we can further sharpen our technology
in a new commercial vertical, refine our AI in a production
environment, and significantly increase the security, visibility,
and trust to our customer’s global supply chains. We anticipate a
significant commercial rollout in the coming months.”
About WaveDancer
WaveDancer (www.wavedancer.com), headquartered
in Fairfax, Virginia, offers zero trust blockchain-enabled software
solutions for supply chain security. We help organizations manage
very complex supply chain challenges in order to gain unprecedented
levels of accountability, auditability, and predictability from
their data, while giving insights to their partners and suppliers
through a controlled, distributed ledger that is immutable and can
be trusted by all parties. WaveDancer’s blockchain platform is
offered on Amazon Web Services (AWS) Marketplace for GovCloud and
supports secure supply chain requirements for critical government
missions.
Additional information for investors
This release may contain forward-looking
statements regarding the Company's business, customer prospects, or
other factors that may affect future earnings or financial results.
Such statements involve risks and uncertainties which could cause
actual results to vary materially from those expressed in the
forward-looking statements. Investors should read and understand
the risk factors detailed in the Company's 10-K for the fiscal year
ended December 31, 2021 and in other filings with the Securities
and Exchange Commission.
For additional information contact:
Jeremy Hellman, CFA Vice President, The Equity Group Inc.
jhellman@equityny.com(212) 836-9626
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