VANCOUVER, British Columbia, May 10, 2021 (GLOBE NEWSWIRE) — via InvestorWire – Hunter Technology Corp. (TSX-V: HOC; OTCQB: HOILF; WKN: A2QEYH, FSE: RWPM, ISIN: CA4457371090) (“Hunter” or the “Company”) is continuing its commitment to leveraging blockchain technology by forming a partnership with financial technology firm RootAnt, a leader in digital transaction banking and supply chain finance based in Singapore.
With its physical oil marketplace OilEx, Hunter enables global trade partners to discover lucrative transactions, negotiate and close deals in a fully digital workflow. OilEx will utilize blockchain-based smart contracts on the platform to improve transaction efficiency and legal enforceability.
RootAnt, an award winning fintech firm, has partnerships including Industrial and Commercial Bank of China, Tencent and SAP. The fintech firm is backed by leading financial institutions such as SoftBank, Singapore Exchange and Asia Development Bank.
RootAnt’s deep-tier supply chain finance platform Banco, connects buyers and sellers with traditional and new finance providers on the r3 Corda and Hyperledger Fabric blockchain protocols. This enables trade parties to obtain real-time financing by selling receivables to finance providers or procuring credit against underlying assets.
Hunter and RootAnt plan to integrate solutions on a blockchain infrastructure level to enable seamless workflows that integrate verified transactions between trusted partners with access to various financing options.
In a historic time of change and energy transition for the industry, alternative and innovative forms of financing will support the operational expenditure and investment needs for hydrocarbon producers and purchasers. Building on this partnership, Hunter will be able to expand the benefits provided on OilEx with critical trade finance options and introduce long-term product innovation such as sustainability-linked supply chain finance. Building on years of pioneering blockchain expertise and technology of its subsidiary FinFabrik, this is another step for Hunter to create value for its clients and the industry.
About Hunter Technology Corp.
Hunter Technology Corp. develops interactive software platforms powered by blockchain technology that digitalize and streamline physical oil trading throughout the transaction lifecycle. With its solutions, Hunter delivers more favorable economics and fair market access for all and promotes the transition towards a more environmentally and ethically responsible ecosystem. Its flagship product OilEx will connect independent oil producers, buyers, and traders in a trusted digital marketplace to optimize prices, simplify processes, improve transparency, and support a reduced carbon footprint. Through its data analytics capabilities, Hunter will offer real time supply chain management tools for tracking the origin, transhipment, and processing of hydrocarbons and the environmental, social and governance (ESG) compliance during their life cycle.
ON BEHALF OF THE BOARD OF DIRECTORS
Florian M Spiegl
Chief Executive Officer
For further information, visit our website at www.huntertechnology.com
For further information on RootAnt, please visit www.rootant.com
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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. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, including factors beyond Hunter’s control, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, “will” or be “on track to” be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements (including execution risk, market risk, industry risk, market reaction, the impact of general economic conditions and competition from other industry participants, as well as stock market volatility). In this news release, forward-looking statements relate to, among other things, Hunter’s business development plans as well as Hunter’s future performance as it develops its business. Although Hunter believes that the expectations in its forward-looking statements are reasonable, they are based on factors, estimates 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 statement. Such factors include, but are not limited to: risks relating to delays, development and marketing risks, unforeseen requirements resulting from the COVID-19 pandemic, commodity prices, inability to access, on favorable terms, sufficient capital from internal and external sources, the ability to access, hire and retain employees; regulatory changes and impacts, timing and completion of the Company’s online platforms as well as general business, economic, competitive, political and social uncertainties. 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.