EBI partners with Al-Rushaid Technologies to expand international reach – Everything Blockchain (OTC:EBZT)
Jacksonville, Fla., April 03, 2023 (GLOBE NEWSWIRE) — Everything Blockchain Inc., EBZT, a technology company blending blockchain, DBMS and Zero Trust to deliver disruptive new ways to store, manage and protect data, today announced a partnership with Al-Rushaid Technologies (ART). Together, the two companies will work to deliver highly differentiated data protection solutions to countries in the Middle East and North Africa.
ART, a subsidiary of Al-Rushaid Group, offers a range of innovative IT solutions suitable for companies of all sizes and across various industries. The five-year distribution agreement with a total of $47 million in performance-based milestone payments to EBI will position ART as the exclusive agent for the company’s EB Control platform in several MENA countries, including Saudi Arabia, Bahrain, Kuwait, the United Arab Emirates, Oman and Egypt.
EB Control protects data on the owner’s local device by creating a secure vault. This vault can be stored, transported or shared, allowing owners to maintain full control over the lifetime of their data. With EB Control, data and files can be geo-fenced, time-fenced and data rights management invoked. With this innovative technology, data can be safely shared and controlled outside a secure domain.
“We are excited about this partnership with ART,” said Toney Jennings, CEO, EBI. “EB Control combines ease of use with elevated and extended security protection. We are confident that our technology will exceed all data protection needs of small and medium businesses to large corporations across MENA countries.”
In addition to EB Control, ART will become a non-exclusive reseller of BuildDB, EBI’s next generation database powered by an advanced private blockchain architecture that delivers superior performance, reduced latency, zero trust and unmatched resilience.
For more information on EBI, visit all blockchain.io.
About Everything Blockchain Inc.
Alt Blockchain, Inc. EBZT envisions a future where every transaction is trusted and blockchain is used to meet ESG goals, support 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/
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, among other things, 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.
Lars Nyman Everything Blockchain Inc. [email protected]
