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Ideanomics MEG Announces the Official Launch of Its Energy Services Unit Through Deal with New Infrastructure Service Provider Giant, Zhongsen Tower

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Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”) MEG is pleased to announce that it has entered into a deal with Zhongsen Tower whereby both parties will establish Zhongsen Tower in Qingdao. Under the terms of the deal, MEG will own 30% of the venture making MEG the largest co-shareholder. The Deal represents the official launch of MEG’s Energy Services Unit and paves the path for MEG to grow its most potentially lucrative division. Additionally, as a significant shareholder of Zhongsen Tower, MEG will be able to capture both reoccurring rental sales revenue as well as energy sales from powering the base stations.

As a reminder, MEG’s business model is based on sales to financing to charging (SFC). While the market opportunities for electric vehicle (EV) sales and financing are substantial, the charging-based energy sales or energy services market opportunity is larger and has reoccurring revenues. According to Zhongsen Tower, there is an estimated six million base stations needed for China’s 5G nationwide network deployment. Through MEG’s deal with Zhongsen Tower, MEG has taken a significant step to monetize its energy sales by powering Zhongsen’s base stations. Base stations are critical components to new energy infrastructure as they are the heart of enabling all things technology-driven such as smart cities, smart shipping ports, IoT, IoV, etc.

Zhongsen Tower is the leading 5G and IoT infrastructure service provider, offering a broad array of services including the build-out of 5G tower infrastructure, as well as leasing and financing of supporting infrastructure. It is affiliated with a division of China Tower Holdings which was ranked 71st in the Forbes Top 100 Digital Companies List and 22nd in the Fortune Future 50 in 2019. Zhongsen’s partners include prominent companies such as China Mobile, China Telecom, China Unicom, China Power Construction, China Railway Construction, State Development Bank, CITIC, China Life, China Agriculture Bank, China Merchant Bank, China State Construction Engineering Corporation (CSCEC), and China Electric.

Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

Blockchain

Bybit Invites Traders to Embark on a Token Treasure Hunt

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Bybit Invites Traders to Embark on a Token Treasure Hunt

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India Electronic Contract Services Market to Worth Over US$ 624.33 Million By 2033 | eSignature Demand Among Financial Institutes to Remain High Says Astute Analytica

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UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

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The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

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“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.

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