Alamo City Engineering Services Funds $1.5M in Everything Blockchain
Funds accelerate EB control capabilities for the federal government, the hospitality industry and other large businesses
Jacksonville, Fla., Jan. 6, 2023 (GLOBE NEWSWIRE) — Alt Blockchain Inc. (EBI), (OTCMKTS: EBZT), a technology company that enables the real-world use of blockchain and zero trust to solve critical business problems, today announced that OEM partner, Alamo City Engineering Services (ACES), has invested $1.5 million in EBI. This expansion of the relationship between ACES and EBI which started in October 2021 means a higher level of commitment between the companies in future services. What began as an OEM license agreement to integrate EB Control into ACES products has become a service and safety commitment partnership. Funds will be used in part to accelerate improvements to the EB Control platform for ACES’ federal government, hospitality industry and other enterprise customers.
“We believe in providing the best services and solutions possible that enhance the strength and security of our nation,” said Craig Stephens, CEO of ACES. “This funding will help us meet this commitment and help significantly increase data security and visibility for our customers.”
Platform enhancements will focus on enhancements for customers who deploy at very large scale, such as the hospitality industry, and include:
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Improved usability and manageability
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Further ease of deployment
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Seamless integration with business systems and processes
With EB Control, the original data owner retains control over who, when, how and where their data can be accessed. Launching to market in early 2022, EBI’s patented EB Control Platform is design proven, reinforced by an independent third-party architectural review conducted by Bridgery Technologies LLC.
“ACES and EBI have a common mission and vision when it comes to zero trust and data security. This partnership with ACES strengthens the relationship between our two companies and reflects ACES’ confidence in our technology and team,” said Toney Jennings, EBI’s CEO. He went on to say, “this is a fantastic way to start 2023, just the first of many contracts that will have a positive effect on shareholder value.”
For more information on EB Control, please click here. For more information on EBI, visit altblockchain.io
About Everything Blockchain Inc.
Everything Blockchain, Inc. (OTCMKTS: EBZT) envisions a future where every transaction is trusted and blockchain is used to meet ESG goals, support the cities of the future, build and control the transparency of supply chains, and ensure that data ownership rights are maintained forever. The company’s patent-pending advances in blockchain technology deliver the essential elements needed for real-world business use: speed, security and energy efficiency. Current sub-brands include: EB Advise, EB Build and EB Control. For more information, please visit https://www.everythingblockchain.io/
About Alamo City Engineering Services, Inc.
Alamo City Engineering Services, A Service Disabled Veteran Owned (SDVOSB), HUB Zone Certified Small Business headquartered in San Antonio, TX, is a renowned provider of cybersecurity solutions to the federal government that has been awarded a Rapid Innovation Funded Award for creating a Comply to Connect (C2C) solution for the Office of the Secretary of Defense and another award for securing the USMC Global Enterprise using Forescout’s End Point Security Solution (NACCR – Network Access Control Compliance and Remediation).
Learn more at https://aces.biz/
Forward-looking statements
This press release contains “forward-looking statements” that are not purely historical and may include statements of beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend, “believe”, “estimate”, “expect”, “project”. ”, “plan” or similar phrases may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ from those projected in any forward-looking statements due to a number of factors. Such factors include, but are not limited to, the inherent uncertainty associated with new projects, the future of the US and global economies, the impact of competition and the Company’s reliance on existing regulations regarding the use and development of blockchain and zero-trust products. These forward-looking statements are made as of the date of this press release, and we undertake no obligation to update the forward-looking statements, or to update the reasons why actual results may differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, no assurance can be given that such beliefs, plans, expectations or intentions will prove to be accurate.
CONTACT: Laura Patterson [email protected]
