Hong Kong, Sept. 13, 2018 (GLOBE NEWSWIRE) — Technovative Group Inc., (“Technovative,” OTC PINK: TEHG) announced today a go-to-market strategy partnership with Oracle (China) Software System Co. Ltd. (Oracle®) (“Oracle China). Oracle China is expected to provide training and go-to-market services to Technovative. With offices in China, Hong Kong, and strategically located branches in South East Asia, Technovative is expected to capitalize on the market’s growing needs for blockchain technology as by leveraging Oracle’s comprehensive Blockchain Cloud Service, Big Data and Artificial Intelligence products and services portfolio. The Company is one of a unique group of select technology start-ups in Asia identified to build businesses around Oracle China’s comprehensive product and services portfolio, develop expertise and differentiate offerings, promote and sell solutions.
Oracle’s Blockchain Cloud Service–Hyperledger Fabric, enables organizations to build robust, industry-specific applications, platforms and hardware systems to support their individual business transactions by creating an enterprise-grade, open source distributed ledger framework and code base. Scalable cross-industry technologies, confidential transactions, and modular architecture promoted through Hyperledger Fabric, are critical components of how blockchain technology may successfully change the way businesses are conducted across different industries.
Nicolas Lin, CEO of Technovative Group Inc., stated, “We are more than pleased to have been selected by Oracle to develop expertise and offerings for Oracle. The team at Technovative, under the direction of our Chief Technology Officer, Dr. Huang Kewei, continues to build superior solutions and products for a wide variety of global, regional and local clients. Client satisfaction is the motivating force at Technovative and we look forward to flawlessly rolling out our new technology solutions in key, rapidly growing Asian markets.”
“Oracle is excited to partner with Technovative Group Inc., to go-to-market and explore opportunities in the BlockChain space,” said Calvin Dang, General Manager, South Region, Oracle China. “Technovative has demonstrated its full trust in Oracle® by adopting a variety of our solutions as its base and going to market, and we look forward to closer cooperation with the company.”
About Technovative Group, Inc.
Technovative Group, Inc. is a technology holding company. The Company, through its subsidiaries and a consolidated variable interest entity, is engaged in delivering financial technology, blockchain solutions and big data analytics technologies to financial service institutions (“FSI”) in the Greater China (“GS”) region. We are currently developing a suite of smart tools, which includes SmartBot, Smart Contracts, Data Analytics, Blockchain and Trading platform targeted at FSI in GC.
More information about the Company can be found at www.technovative.co
This press release may contain information about Technovative’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Technovative encourages you to review other factors that may affect its future results in Technovative’s registration statement and in its other filings with the Securities and Exchange Commission.