NEW YORK, Dec. 31, 2018 /PRNewswire/ -- Ideanomics
(NASDAQ: IDEX) ("Ideanomics" or the "Company"), a leading global
fintech and asset digitization services company, is pleased to
provide an update on Fintech Village, its planned global
headquarters for innovation.
Since announcing its intention to acquire the former UConn
campus in July of 2018, Ideanomics has received regular partner
inquiries, ranging from private businesses to colleges and
universities, each of which declared an interest in participating
in the Company's plans for Fintech Village in West Hartford, CT. In addition to these
inquiries, Ideanomics has been in discussions to bring up to ten
leading fintech companies to the area from Asia, Israel,
and Europe, with the intention to
establish their innovation operations within a single,
collaborative campus which will be one-of-a-kind in terms of such
focus.
Interest from the business and educational partners includes
program collaboration efforts, IP development, and joint ventures,
with interest from the fintech partners including participation in
the real estate development of the site, establishing research labs
with complimentary partners and services, as well as the potential
for partnerships and joint ventures. The focus of partner
involvement will be to provide a mix of education, use case, and
application development for key industries which are
positioned to benefit from Blockchain, AI, and Big Data
technologies, including Banking, Insurance, Accounting, Legal,
Healthcare & Medical, Supply Chain & Logistics, and
more.
Additionally, several of the partner opportunities allow for
Ideanomics to become sales and licensing agents for those partners
who are currently not marketing their technology and services
within North America, enabling a
new revenue stream for the Company. Ideanomics anticipates being
able to name the first of the fintech partners in the coming
weeks.
Ideanomics President & COO, Alf
Poor, who is also divisional President of Fintech Village,
said, "While the planning for the redevelopment of the site is
underway and on schedule since closing in October, we are extremely
pleased to acknowledge another meaningful area of activity – the
level of outreach by both private industry and the education
sector, which has exceeded our expectations. This outreach, in
conjunction with our own business development efforts, has
demonstrated a desire from a variety of businesses to participate
with Ideanomics at our planned global innovations headquarters in
West Hartford, Connecticut.
Fintech Village will serve as a destination for fintech innovation
and education to help support the evolution of the financial
services industry, as well as contribute to other key industries
including Healthcare and Supply Chain. We are proud to be doing
this in the front yard of the financial services sector, on the
East Coast, in close proximity to Wall Street in New York, the major buy-side firms in
Boston, and the Insurance and
Hedge Fund industries that call Connecticut home."
About Ideanomics
Ideanomics seeks to become a leading fintech company by
combining deal origination and enablement with the application of
blockchain and artificial intelligence technologies as part of the
next-generation of financial services.
The company is headquartered in New
York, NY, and has offices in Hong
Kong and Beijing, China. It
also has a planned global center for Technology and Innovation in
West Hartford, CT, named Fintech
Village.
Safe Harbor Statement
This press release contains certain statements that may include
"forward looking statements". All statements other than statements
of historical fact included herein are "forward-looking
statements." These forward-looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties, and include statements regarding our intention
to transition our business model to become a next-generation
financial technology company, our business strategy and planned
product offerings, our intention to phase out our oil trading and
consumer electronics businesses, and potential future financial
results. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. You should not place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. The Company's actual results
could differ materially from those anticipated in these
forward-looking statements as a result of a variety of risks and
uncertainties, such as risks related to: our ability to continue as
a going concern; our ability to raise additional financing to meet
our business requirements; the transformation of our business
model; fluctuations in our operating results; strain to our
personnel management, financial systems and other resources as we
grow our business; our ability to attract and retain key employees
and senior management; competitive pressure; our international
operations; and other risks and uncertainties disclosed under the
sections entitled "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in our
most recent Form 10-K and Form 10-Q filed with the Securities and
Exchange Commission, and similar disclosures in subsequent reports
filed with the SEC, which are available on the SEC website at
www.sec.gov.. All forward-looking statements attributable to the
Company or persons acting on its behalf are expressly qualified in
their entirety by these risk factors. Other than as required under
the securities laws, the Company does not assume a duty to update
these forward-looking statements.
IR Contacts
Tony Sklar, VP of Communications
at Ideanomics
Email: ir@ideanomics.com
www.ideanomics.com
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SOURCE Ideanomics