VANCOUVER, British Columbia , Feb. 09, 2021 (GLOBE NEWSWIRE) — Hunter Know-how Corp. (TSX-V: HOC; OTCQB: HOILF; WKN: A2QEYH, FSE: RWPM, ISIN: CA4457371090) (“Hunter” or the “Firm”) is happy to report that it’s on observe to launch pilot transactions for chosen hydrocarbon producers and consumers in Q2 2021.
The Firm is creating the primary practical end-to-end blockchain-based modular software program platform for hydrocarbons, creating transparency and belief between consumers and sellers by means of the complete provide chain, from manufacturing by means of sale and supply. The OilEx platform is designed to alleviate each producers and purchasers from the historic analogue transaction burden by offering a digital pathway underpinned by safe doc dealing with and messaging, offering for straight-through back-office settlements and funds.
The OilEx platform is structured into 4 practical modules: identification, market, transactions, and settlement. Every module will embody core options to fulfill buyer wants.
Impartial producers, company shoppers, merchants and sovereign purchasers will profit from knowledge wealthy profiles that includes safe identification administration, built-in inside a strict Know Your Shopper (KYC) working course of together with manufacturing profiles and person scores, constructing belief throughout all transactional touchpoints.
The platform interface may even present interactive maps defining user-relevant markets for provide and buyside transactions. Embedded on this module can be a Request for Quote operate supporting a strong market for consumers to mixture geographically distributed items from smaller producers, combining single contracts into cost-effective industrial transactions. Sensible matching, powered by an algorithmic engine, can be used to vastly scale back the effort and time traditionally required to seek out and serve appropriate commerce counterparties. A structured transactional workflow may even simplify execution as a managed course of chain, making a verifiable and irrevocable audit path inclusive of the origin of the products. Clients can monitor transactions in real-time by way of the transaction dashboard and may also immediately run reviews to assist environment friendly compliance with recordkeeping and disclosure necessities.
Hunter plans to cost a one % platform price on profitable transactions and a nominal subscription to entry the platform. Forecasts underneath this financial mannequin venture Hunter’s potential gross income for This autumn 2021 at $6,570,000 USD and full working 12 months in 2022 at $67,260,000 USD This assumes common each day transaction volumes of 142,415 MBPOD in This autumn 2021 and 358,928 by means of 2022 with a median worth of $50 USD per bbl. Working prices for the corresponding intervals are estimated to be $1,440,000 USD and $8,834,000 respectively. *
“Our mission is to attach oil producers, consumers and merchants in a safe and trusted digital market, unlocking worth by means of clear pricing and simplifying guide processes and eliminating fraud,” mentioned Alex Medana, Hunter’s Chief Govt Officer. “With every milestone achieved, our mission is being realized upon.”
About Hunter Know-how Corp.
Hunter Know-how Corp. is a expertise supplier creating interactive blockchain platforms to allow the facilitation of bodily oil transactions all through the commerce lifecycle, with extra favorable economics for producers and entry to a good marketplace for all. By means of oilex.com Hunter will function a bodily oil market to facilitate the shopping for and promoting of bodily oil by impartial producers to company shoppers, merchants and sovereign purchasers. By means of oilexchange.com, Hunter will supply strong provide chain administration instruments that observe bodily oil all through the provision chain and automate the reporting course of by way of this blockchain enabled platform.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Govt Officer
For additional data, go to our web site at www.huntertechnology.com
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Cautionary Assertion Concerning Ahead-Wanting Data.
This information launch accommodates sure statements which can represent forward-looking statements or data (collectively, “forward-looking statements”) relating to Hunter’s enterprise improvement plans. Ahead-looking statements are statements that relate to future, not previous, occasions. On this context, forward-looking statements typically deal with anticipated future enterprise and monetary efficiency, together with components past Hunter’s management, and infrequently include phrases equivalent to “anticipate”, “imagine”, “plan”, “estimate”, “anticipate”, and “intend”, statements that an motion or occasion “might”, “would possibly”, “may”, “ought to”, or “will” be taken or happen, or different related expressions. All statements, apart from statements of historic reality, included herein are forward-looking statements. By their nature, forward-looking statements contain recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements, or different future occasions, to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such ahead trying statements (together with execution threat, market threat, business threat, market response, the influence of common financial circumstances and competitors from different business contributors, in addition to inventory market volatility). On this information launch, forward-looking statements relate to, amongst different issues, Hunter’s enterprise improvement plans in addition to Hunter’s future efficiency because it develops its enterprise. Though Hunter believes that the expectations in its forward-looking statements are cheap, they’re primarily based on components, estimates and assumptions regarding future occasions which can show to be inaccurate. These components and assumptions are primarily based upon presently obtainable data. Such forward-looking statements are topic to recognized and unknown dangers, uncertainties and different components that would affect precise outcomes or occasions and trigger precise outcomes or occasions to vary materially from these acknowledged, anticipated or implied within the forward-looking assertion. Such components embody, however should not restricted to: dangers regarding delays, improvement and advertising dangers, unexpected necessities ensuing from the COVID-19 pandemic, commodity costs, incapacity to entry, on favorable phrases, ample capital from inside and exterior sources, the flexibility to entry, rent and retain workers; regulatory adjustments and impacts, timing and completion of the Firm’s on-line platforms in addition to common enterprise, financial, aggressive, political and social uncertainties. As such, readers are cautioned to not place undue reliance on the forward-looking statements, as no assurance might be offered as to future outcomes, ranges of exercise or achievements. The forward-looking statements contained on this information launch are made as of the date of this information launch and, besides as required by relevant regulation, Hunter doesn’t undertake any obligation to publicly replace or to revise any of the included forward-looking statements, whether or not on account of new data, future occasions or in any other case. The forward-looking statements contained on this doc are expressly certified by this cautionary assertion. Buying and selling within the securities of Hunter needs to be thought of extremely speculative. There might be no assurance that Hunter will be capable to obtain all or any of its proposed aims. Please evaluation Hunter’s SEDAR filings together with its administration dialogue and evaluation obtainable underneath the Firm’s profile at www.sedar.com for a extra fulsome dialogue of threat components affecting Hunter.
* Key assumptions within the future-oriented monetary data and monetary outlook data (collectively, “FOFI”) embody the projected transaction volumes, the quantity of the transaction price, and the oil worth per barrel. Readers are cautioned that the assumptions used, though thought of cheap on the time of preparation, might show to be imprecise and, as such, undue reliance shouldn’t be positioned on FOFI. The Firm’s precise outcomes, efficiency or achievement may differ materially from these expressed in, or implied by, these FOFI, or if any of them achieve this, what advantages the Firm will derive therefrom. The Firm has included the FOFI in an effort to present readers with a extra full perspective on the Firm’s future operations and such data will not be acceptable for different functions. These forward-looking statements and FOFI are made as of the date of this information launch and Hunter disclaims any intent or obligation to replace any forward-looking statements and FOFI, whether or not on account of new data, future occasions or outcomes or in any other case, apart from as required by relevant securities legal guidelines.