Epazz, Inc.: CryObo, Inc. Technology Converts Solar Power into Bitcoin Projects to Launch Later This Year
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CHICAGO, IL, April 09, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Epazz Inc. (OTC Pink: EPAZ), a mission-critical provider of battery solar technology, drone technology, blockchain cryptocurrency mobile apps and cloud-based business software solutions, announced today that its subsidiary CryObo, Inc. has been working on using solar power to mine bitcoins. Epazz has been developing solid state battery with its subsidiary Galaxy Batteries, Inc. and has been working on solar power for its drone charge pad technology. The Company has been working on combining the technology into an integrated solution to mine bitcoins in Dubai, where it has manufacturing facilities. The Company will be securing a desert land in a remote area of Dubai to set up the facility. CryObo will use high-power computers to mine the bitcoin. The solar power technology that the project will be using points the solar panels directly at the sun and rotates them to capture the maximum amount of energy from the sun. The energy will be stored in Galaxy Batteries. The bitcoin server will be located underground, using plant cover to naturally cool the servers.
With bitcoin over
Shaun Passley, Ph.D., Epazz Inc. CEO and chairman, said, “We are excited about bringing the CryObo technology into operations. With this technology, Epazz will be a research and development company that will be bringing technology into the market and will be spinning off a few companies.”
About CryObo Inc.
CryObo Inc. will be enhancing its software to give early access to companies backed by tangible assets an easy way to access the token markets. The company’s platform will change how people transact real estate, digital assets, corps and raw materials by allowing companies to access the future value of their assets. The growth of bitcoin and other cryptocurrencies is bringing new regulations for large financial service companies, which will require an intelligent solution to manage their growing portfolios.
About Epazz Inc. (www.epazz.com)
Epazz Inc. is a leading cloud-based software company specializing in providing customized cloud applications to the corporate world, higher-education institutions and the public sector. Epazz BoxesOS v3.0 is the complete business web-based software package for small to midsize businesses, Fortune 500 enterprises, government agencies and higher education institutions. BoxesOS provides a combination of many web-based applications that an organization would otherwise need to purchase separately. Epazz’s other products are DeskFlex (room scheduling software) and Provitrac (applicant-tracking system).
SAFE HARBOR
The “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the use of forward-looking language, such as “may,” “expect,” “intend,” “estimate,” “anticipate,” “believe” and “continue,” the negative thereof or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause the actual results to differ materially from future results or those implied by such forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance, and actual results may differ materially from those contemplated by such forward-looking statements. Epazz Inc. assumes no obligation and has no intention of updating forward-looking statements. It has no obligation to update or correct information prepared by third parties that are not paid for by Epazz Inc. Investors are encouraged to review Epazz Inc.’s public filings on SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and its OTC Markets filings, which contain general business information about the results of its operations, and risks associated with the company and its operations.
Contact
For more information, please contact
Investor Relations
investors@epazz.net
312-955-8161
www.epazz.com
FAQ
What technology is Epazz Inc.'s subsidiary CryObo, Inc. using to mine bitcoins in Dubai?
Where will Epazz Inc. set up the facility for bitcoin mining in Dubai?
Which markets will Epazz Inc. focus on for its crypto and blockchain projects?
Who is the CEO and chairman of Epazz Inc.?
What is the current price of bitcoin mentioned in the press release?
