HUNTER TECHNOLOGY CORPORATE UPDATE
05 February 2021 - 12:00AM
via InvestorWire – Hunter Technology Corp. (TSX-V: HOC; OTCQB:
HOILF; WKN: A2QEYH, FSE: RWPM, ISIN: CA4457371090)
(“
Hunter” or the “
Company”) is
pleased to report on the successful integration of the combined
teams and technology capabilities following the Company’s
acquisition of FinFabrik on December 31, 2020.
Hunter’s technology and product team is
continuing upon the prior development work of the OilEx marketplace
platform, led by a core group of four seasoned developers bringing
a combined 65 years of experience in the development, marketing,
integration and launching of platforms based on cutting edge
technologies, in particular blockchain.
Edward Ngai, as Head of Technology, is
responsible for the architecture and oversight of the overall
technology and delivery leadership. Mr. Ngai was formerly the
Architect and Lead Engineer for the HK Jockey Club, and prior to
that he was a Senior Software Engineer at Macquarie Bank (MGQ.AX)
where he designed and implemented a bi-temporal centralized data
distribution system.
Ilya Belikin is focused on agile
customer-centric delivery in the role of Hunter’s Digital Products
division manager. Mr. Belikin recently served as a Product Manager
at CBRE and led the development and delivery of new core
productivity digital products in Asia Pacific. Prior to this role
he was Head of Product and UX Design for fast-growing startups
including LYNK, Lalamove, and TheDesk.
George Stoica, as Lead Developer, manages the
team to build and deliver the OilEx platform with a multitude of
intuitive trading features. Mr. Stoica gained his expertise as a
Site Reliability Engineer at Lalamove e-logistics in Hong Kong
where he built automation to ensure smooth operation and monitoring
of production systems. As a Software Engineer at FinFabrik, he also
designed and built integrated systems for fintech trading
platforms based upon blockchain technologies.
Jason Fuller completes the team as the
Infrastructure Manager in charge of the Company’s infrastructure
access and security management suite. Mr. Fuller was previously a
Senior Systems Manager at Kerry Logistics (0636.HK) where he
participated in the design and administration of the world-wide
logistics carrier’s corporate cloud datacenter in Amazon Web
Services (“AWS”) in 200+ countries.
“We have assembled a highly motivated team that
is already proficient in the blockchain space and can execute on
our mission to deliver value to our clients,” said Florian Spiegl,
Hunter’s Chief Operating Officer. “The team brings a wealth of
experience in user experience design, platform development,
security and risk management.”
The Company plans the delivery of a pilot
application to process live transactions with selected producers
and buyers in Q2 2021. The objective of the strategic pilot is to
garner and process real time and real world inputs in advance of a
live release in Q3, with a fully audited and security tested
product designed for scale, and a global sales team driving
transactions and revenue growth. An updated corporate presentation
reflecting the Company’s roadmap, team, and financials is now
available on the Hunter website at www.huntertechnology.com.
“Our mission is to connect independent oil
producers, buyers and traders in a secure and trusted digital
marketplace and unlocking value by optimizing pricing and
simplifying processes,” said Alex Medana, Hunter’s CEO. “I am very
pleased that our core foundations are in place from which we have
started building solutions that would represent a paradigm shift in
the hydrocarbon marketplace.”
About Hunter Technology Corp.
Hunter Technology Corp. is a technology provider developing
interactive blockchain platforms to enable the facilitation of
physical oil transactions throughout the trade lifecycle, with more
favourable economics for producers and access to a fair market for
all. Through oilex.com, Hunter will operate a physical oil
marketplace to facilitate the buying and selling of physical oil by
independent producers to corporate consumers, traders and sovereign
purchasers. Through oilexchange.com, Hunter will offer robust
supply chain management tools that track physical oil throughout
the supply chain and automate the reporting process via this
blockchain enabled platform.
ON BEHALF OF THE BOARD OF DIRECTORS Alex
MedanaChief Executive Officer (888) 977-0970
For further information, visit our
website at
www.huntertechnology.com.
NEITHER TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement Regarding
Forward-Looking Information.This news release contains
certain statements which may constitute forward-looking statements
or information (collectively, "forward-looking statements")
regarding Hunter’s business development plans. Such forward-looking
statements are subject to numerous risks and uncertainties, some of
which are beyond Hunter's control, including execution risk, market
risk, industry risk, market reaction, the impact of general
economic conditions and competition from other industry
participants, stock market volatility, and the ability to access
sufficient capital from internal and external sources.
Although Hunter believes that the expectations in its
forward-looking statements are reasonable, they are based on
factors and assumptions concerning future events which may prove to
be inaccurate. Those factors and assumptions are based upon
currently available information. Such forward-looking statements
are subject to known and unknown risks, uncertainties and other
factors that could influence actual results or events and cause
actual results or events to differ materially from those stated,
anticipated or implied in the forward-looking statements. As such,
readers are cautioned not to place undue reliance on the
forward-looking statements, as no assurance can be provided as to
future results, levels of activity or achievements. The
forward-looking statements contained in this news release are made
as of the date of this news release and, except as required by
applicable law, Hunter does not undertake any obligation to
publicly update or to revise any of the included forward-looking
statements, whether as a result of new information, future events
or otherwise. The forward-looking statements contained in this
document are expressly qualified by this cautionary statement.
Trading in the securities of Hunter should be considered highly
speculative. There can be no assurance that Hunter will be able to
achieve all or any of its proposed objectives. Please review
Hunter’s SEDAR filings including its management discussion and
analysis available under the Company's profile
at www.sedar.com for a more fulsome discussion of risk factors
affecting Hunter.
Wire Service Contact InvestorWire (IW) Los
Angeles, California www.InvestorWire.com 212.418.1217 Office
Editor@InvestorWire.com
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