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Bell Buckle Licenses Artificial Intelligence Modeling and Simulation VLE Software Valued at Over $25 Million Dollars

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Bell Buckle Holdings, Inc. (OTCMKTS:BLLB) has successfully licensed its Artificial Intelligence modeling and simulation VLE software, valued at over $25 million. The deal includes an annual recurring licensing fee of $25,000 and a revenue-sharing component. The software has various applications, with a significant impact on helping the oil and gas and chemical industries reach Net-zero.

The global oil and gas industry's profits jumped to $4 trillion in 2022, up from an average of $1.5 trillion in recent years. The U.S. chemical industry, including pharmaceuticals, had chemical shipments valued at nearly $770 billion in 2021. BLLB also announced the resignation of former COO Lori Hart and welcomed new CFO Tobias Felder, who brings over 35 years of experience in corporate finance, accounting, operations, and compliance.

Bell Buckle Holdings, Inc. (OTCMKTS:BLLB) ha con successo concesso in licenza il proprio software di modellazione e simulazione VLE basato sull'Intelligenza Artificiale, valutato oltre $25 milioni. L'accordo prevede una commissione annuale di licenza ricorrente di $25,000 e una componente di condivisione dei ricavi. Il software ha diverse applicazioni, con un impatto significativo nell'aiutare le industrie petrolifere, del gas e chimiche a raggiungere il Net-zero.

I profitti del settore globale del petrolio e del gas sono saliti a $4 trilioni nel 2022, rispetto a una media di $1.5 trilioni negli anni recenti. L'industria chimica statunitense, inclusi i farmaci, ha registrato spedizioni chimiche valutate a quasi $770 miliardi nel 2021. BLLB ha anche annunciato le dimissioni dell'ex COO Lori Hart e ha accolto il nuovo CFO Tobias Felder, che porta con sé oltre 35 anni di esperienza in finanza aziendale, contabilità, operazioni e conformità.

Bell Buckle Holdings, Inc. (OTCMKTS:BLLB) ha obtenido exitosamente la licencia de su software de modelado y simulación VLE basado en Inteligencia Artificial, valorado en más de $25 millones. El acuerdo incluye una tarifa de licencia recurrente anual de $25,000 y un componente de participación en los ingresos. El software tiene diversas aplicaciones, con un impacto significativo en ayudar a las industrias del petróleo, gas y química a alcanzar el Net-zero.

Las ganancias de la industria global del petróleo y gas aumentaron a $4 trillones en 2022, en comparación con un promedio de $1.5 trillones en años recientes. La industria química de EE. UU., incluidos los productos farmacéuticos, tuvo envíos químicos valorados en casi $770 mil millones en 2021. BLLB también anunció la renuncia de la ex COO Lori Hart y dio la bienvenida al nuevo CFO Tobias Felder, quien aporta más de 35 años de experiencia en finanzas corporativas, contabilidad, operaciones y cumplimiento.

벨 벅클 홀딩스 주식회사 (OTCMKTS:BLLB)는 인공지능 기반의 VLE 모델링 및 시뮬레이션 소프트웨어를 성공적으로 라이선스 계약을 체결하였으며, 해당 소프트웨어의 가치는 2,500만 달러 이상입니다. 이 계약에는 연간 반복 라이선스 요금 25,000달러와 수익 공유 요소가 포함됩니다. 이 소프트웨어는 다양한 응용 프로그램이 있으며, 석유, 가스 및 화학 산업이 넷 제로를 달성하는 데 중요한 영향을 미치고 있습니다.

세계 석유 및 가스 산업의 수익은 2022년에 4조 달러로 증가했으며, 최근 몇 년 평균 1.5조 달러에서 상승했습니다. 미국 화학 산업은 제약을 포함하여 2021년에 거의 7,700억 달러의 화학 화물을 기록했습니다. BLLB는 또한 전 COO 로리 하트의 사임을 발표하고, 기업 재무, 회계, 운영 및 준수에서 35년 이상의 경력을 가진 새로운 CFO 토비아스 펠더를 환영했습니다.

Bell Buckle Holdings, Inc. (OTCMKTS:BLLB) a réussi à obtenir une licence pour son logiciel de modélisation et de simulation VLE basé sur l'intelligence artificielle, d'une valeur supérieure à 25 millions de dollars. L'accord comprend une redevance de licence annuelle récurrente de 25 000 dollars ainsi qu'un composant de partage des revenus. Le logiciel a diverses applications, avec un impact significatif pour aider les secteurs pétrolier, gazier et chimique à atteindre le Net-zéro.

Les bénéfices de l'industrie pétrolière et gazière mondiale ont atteint 4 trillions de dollars en 2022, contre une moyenne de 1,5 trillion de dollars ces dernières années. L'industrie chimique américaine, y compris les produits pharmaceutiques, a enregistré des expéditions chimiques d'une valeur de près de 770 milliards de dollars en 2021. BLLB a également annoncé la démission de l'ancienne COO Lori Hart et a souhaité la bienvenue au nouveau CFO Tobias Felder, qui apporte plus de 35 ans d'expérience en finance d'entreprise, comptabilité, opérations et conformité.

Bell Buckle Holdings, Inc. (OTCMKTS:BLLB) hat erfolgreich seine KI-gestützte VLE-Modellierungs- und Simulationssoftware lizenziert, deren Wert über 25 Millionen Dollar beträgt. Der Vertrag umfasst eine jährliche wiederkehrende Lizenzgebühr von 25.000 Dollar sowie eine Gewinnbeteiligung. Die Software hat verschiedene Anwendungen und einen erheblichen Einfluss darauf, den Öl-, Gas- und Chemiesektor bei der Erreichung von Net-Zero zu unterstützen.

Der Gewinn der globalen Öl- und Gasindustrie stieg auf 4 Billionen Dollar im Jahr 2022, im Vergleich zu einem Durchschnitt von 1,5 Billionen Dollar in den vergangenen Jahren. Die US-Chemieindustrie, einschließlich der pharmazeutischen Industrie, verzeichnete chemische Lieferungen im Wert von fast 770 Milliarden Dollar im Jahr 2021. BLLB gab auch die Rücktritt von der ehemaligen COO Lori Hart bekannt und begrüßte den neuen CFO Tobias Felder, der über 35 Jahre Erfahrung in Unternehmensfinanzen, Buchhaltung, Betrieb und Compliance mitbringt.

Positive
  • Successful licensing of AI modeling and simulation software valued at over $25 million
  • Annual recurring licensing fee of $25,000 with additional revenue-sharing component
  • Software has potential applications in various industries, particularly in helping oil and gas and chemical sectors reach Net-zero
  • Appointment of new CFO Tobias Felder with 35+ years of experience in finance and compliance
Negative
  • Resignation of former COO Lori Hart

BOCA RATON, Fla., July 25, 2024 /PRNewswire/ -- (OTC Disclosure & News Service) -- Bell Buckle Holdings, Inc. (OTCMKTS:BLLB) today reports they have successfully licensed their Artificial Intelligence modeling and simulation VLE software valued at over $25 million dollars. The deal is structured as a private label deal with an annual reoccurring licensing fee of $25,000 dollars and a revenue sharing component that will allow for growth.

Our software has many applications in various industries. However, its impact will be most significant in helping the oil and gas and chemical industries reach Net-zero. 

(Reuters) reports global oil and gas industry's profits in 2022 jumped to some $4 trillion from an average of $1.5 trillion in recent years, according to the head of the International Energy Agency (IEA), Fatih Birol.

Statista Research Department, reports The chemical industry is one of the largest and most important industries worldwide. The United States is one of the largest national producers of chemical products globally. Including the pharmaceutical sector, its chemical shipments value was almost 770 billion U.S. dollars in 2021. The value added by U.S. chemistry in that same year amounted to over 438 billion U.S. dollars.

BLLB announces the resignation of Lori Hart former COO thanking Her for Her diligence during this transitional period and welcomes its new CFO Tobias Felder who has over 35 yrs of experience in corporate finance, accounting, operations and compliance.

Safe Harbor Statement

Forward Looking Statements Disclaimer: This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Bell Buckle Holdings Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Such forward -looking statements include the words "vision," "seek", "grow", "plan" and other expressions of a forward-looking nature. More information about the potential factors that could affect the business and financial results is and will be included in Bell Buckle Holdings Inc.'s filings with the OTC Markets, Securities and Exchange Commission and/or posted on the company's website.

Cision View original content:https://www.prnewswire.com/news-releases/bell-buckle-licenses-artificial-intelligence-modeling-and-simulation-vle-software-valued-at-over-25-million-dollars-302207142.html

SOURCE Bell Buckle Holdings, Inc.

FAQ

What is the value of Bell Buckle Holdings' (BLLB) recently licensed AI software?

Bell Buckle Holdings' (BLLB) recently licensed Artificial Intelligence modeling and simulation VLE software is valued at over $25 million.

What are the terms of BLLB's AI software licensing deal?

The licensing deal includes an annual recurring fee of $25,000 and a revenue-sharing component that allows for growth.

In which industries will BLLB's AI software have the most significant impact?

BLLB's AI software is expected to have the most significant impact in helping the oil and gas and chemical industries reach Net-zero targets.

Who is the new CFO of Bell Buckle Holdings (BLLB)?

Tobias Felder is the new CFO of Bell Buckle Holdings (BLLB), bringing over 35 years of experience in corporate finance, accounting, operations, and compliance.

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