The Hague, 8th. December 2017 – Tymlez BV, a subsidiary of Tymlez Group Ltd A.C.N. 622.817.421, is pleased to announce that it has entered into a partnership agreement with Chainledger Systems AG, a newly formed German company of mic AG (ISIN DE000A0KF6S5).
Under the agreement, Chainledger Systems AG shall license Tymlez’s Blockchain technology architecture and will work with Tymlez, which is a leading European Blockchain technology specialist. The shares in Chainledger Systems AG shall be held by mic AG and Tymlez BV.
Tymlez BV, with its headquarters in The Hague, Netherlands, is one of the leading European providers of blockchain platform technology.
Blockchain system architectures are the latest achievements in the digitalization of processes in companies, organisations, heterogeneous groups and in the internet of things (IoT). Blockchain is best known as the technology behind Bitcoin, the digital currency, and is currently researched and piloted by many governments and corporations worldwide. Blockchain manages, authorises, documents, automates and governs countless parallel processes in decentralised systems.
Chainledger Systems AG will use the blockchain technology for the digitalisation and optimization of urban and infrastructure management, industrial processes and innovative investment systems.
Tymlez’s Blockchain Solution Platform will allow Chainledger Systems AG to undertake the above mentioned applications using “erdmagentfeld sonsorik” system (earth magnetic sensoring system), which is already used in intelligent transport systems. The equity and cash based cooperation of Tymlez and mic AG is focused on current concrete projects, but can also be extended towards new business fields.
Andreas Empl, CEO of mic AG, commented on the Blockchain plans: “we have observed the FinTech scene and the increasing relevance of Blockchain technology for some time now. The partnership between Tymlez and mic AG will bring together the skills necessary to become a significant player in one of the most important technologies of the future.”
Michael Reh, CEO of Tymlez BV, commented: “the Blockchain technology can be the backbone of a common economy which is based on machine to machine (M2M) devices that can handle decentralised and autonomous transactions. This means there is great potential to establish new business models.”
Tymlez Group Ltd A.C.N. 622 817 421 has prepared the information in this announcement. This announcement has been prepared for the purposes of providing general information only and does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any securities in Tymlez Group Ltd not does it constitute financial product or investment advice nor take into account your investment, objectives, taxation, situation, financial situation or needs. An investor must not act on the basis of any matter contained in this announcement in making an investment decision but must make its own assessment of Tymlez Group Ltd and conduct its own investigations and analysis. Past performance is not a reliable indicator or future performance.