Advanced Blockchain AG: FinPro AG investment closes software development contract for more than EUR 4 million
July 07, 2021 at 02:57 am EDT
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DGAP-News: Advanced Blockchain AG
/ Key word(s): Cryptocurrency / Blockchain/Expansion
Advanced Blockchain AG: FinPro AG investment closes software development contract for more than EUR 4 million
07.07.2021 / 08:55
The issuer is solely responsible for the content of this announcement.
FinPro AG, a holding company of Advanced Blockchain AG (Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) was able to secure a software development contract with a total value of more than EUR 4 million and a term of one year.
If FinPro AG does not provide the development services itself, it is intended that Advanced Blockchain AG's subsidiaries will be commissioned to implement the agreed upon contract components. Accordingly, Advanced Blockchain expects earnings in the seven-digit from this order, spread out over the current and the following financial years.
Further information on Advanced Blockchain AG and its projects and investments can be found at www.advancedblockchain.com.
07.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Advanced Blockchain AG is a Germany-based information technology (IT) company. The Company specializes in blockchain, utilizing distributed ledger technology (DLT), while simultaneously further developing other technological solutions, such as directed acyclic graphs (DAG). The Company operates within four business fields: DLT Consultancy, which offers businesses advice on how to apply DLT to their needs and provides the necessary know-how in the implementation process; Applications, which pursues further development and commercialization possibilities of the DAG technology and includes the Company's research activities; Development for third parties, which involves creating dedicated software on order, ranging from minor business process optimizations to full renewal of the business model based on the DAG technology, and Software as a Service (SaaS), which provides decentralized data processing and hosting services in exchange for a license fee.
ADVANCED BLOCKCHAIN AG 
