Hunter Technology Corporate Update
Hunter Technology Corp. (OTCQB: HOILF) has successfully integrated teams and technology following its acquisition of FinFabrik on December 31, 2020. The company is leveraging the expertise of seasoned developers to continue building the OilEx marketplace platform focused on blockchain technology. A pilot application is expected in Q2 2021, aimed at processing live transactions, with a full release planned for Q3. CEO Alex Medana emphasizes creating a secure digital marketplace for oil transactions to enhance pricing and streamline processes.
- Successful integration of teams and technology after acquiring FinFabrik.
- Experienced technology team with 65 years of combined experience in blockchain.
- Planned pilot application to process live transactions expected in Q2 2021.
- Strategic objective to create a secure digital marketplace for oil transactions.
- Execution risk and uncertainties in achieving proposed objectives.
- Market competition and volatility that could impact performance.
VANCOUVER, British Columbia, Feb. 04, 2021 (GLOBE NEWSWIRE) -- 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 Medana
Chief 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.
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