DGAP-News: Advanced Blockchain AG / Key word(s): Expansion/Cryptocurrency / Blockchain 
Advanced Blockchain AG's portfolio company peaq closes EUR 2,5 million investment and announces plans for token launch 
2021-06-09 / 10:10 
The issuer is solely responsible for the content of this announcement. 
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Peaq Technology GmbH, a major holding of Advanced Blockchain AG (Frankfurt, primary market Düsseldorf, XETRA: ISIN 
DE000A0M93V6) has completed a financing round of EUR 2.5 million. The Berlin technology company receives the growth 
capital from the holding company Scherzer & Co. AG and Werner Geissler, former Vice-Chairman of Procter & Gamble, who 
are leading the financing round as lead investors, and from Meteoric VC. Advanced Blockchain AG provided support. 
 
The capital will be used to expand and diversify peaq's blockchain solution offering for enterprise - to solve problems 
just as their e-mobility platform solves the fragmentation and range anxiety issues for electric vehicles using 
Self-Sovereign Identities (SSI) on a decentralized platform. The funds will also be used to build a sales and 
partnerships team to roll out new and existing solutions at scale. 
The funding is part of a larger company financing endeavor taking place under the peaq brand which comprises of peaq 
enterprise and peaq network. peaq enterprise will use the funds to continue to focus on blockchain for enterprise, 
while the newly announced peaq network will be responsible for the public network and token. 
"We are proud to lead this financing round and to accompany the development of this highly competent team with its 
future-oriented technology" says investor Georg Issels, member of the management board of Scherzer & Co. AG. 
Till Wendler, CEO of peaq, said after the closing of the funding round: "This investment  will allow us to take peaq's 
enterprise solutions to more customers, thus using our technology to create value within the Internet of Things at 
scale and advance the Economy of Things. We will continue to follow our mission of making our technology accessible to 
society and build an even stronger bridge between the real world and the blockchain ecosystem." 
peaq stands for a future in which decentralized technology puts control back into the hands of the masses, supporting 
the democratization and sovereignty of data and identity. Since its founding, the team has developed solutions and 
infrastructure that enable companies to adopt new, decentralized market solutions that are optimally prepared for the 
Economy of Things - a world in which devices, machines and vehicles can monetize and trade all kinds of value 
autonomously, securely and without intermediaries. 
 
peaq's public network 
The newly announced public network will be a means for the value created by and for peaq's enterprise partners and 
customers to be exchanged across the entire Internet of Things, aiding in the creation of the 'Economy of Things'. In 
the Economy of Things, devices, machines, and vehicles can monetize and trade all kinds of value autonomously, 
securely, and without intermediaries - what peaq foresees as the natural next step of the Internet of Things (IoT). It 
will be a means of transaction that is not only secure and fast enough for the IoT and Economy of Things (EoT), but 
predictable in terms of transaction fees. The goal is to allow peaq's enterprise solutions to work even more 
efficiently, transparently and securely, while enabling unrestricted interoperability and value exchange across the 
entire  EoT. With this move, peaq is also making their DAGchain technology available to the Web 3 ecosystem - the 
decentralized, next generation of the internet. 
Wendler: "Regarding the public network and token - we are certain that choosing to wait before launching our public 
network was not only the right decision from a business strategy perspective, but is also representative of the ethical 
values by which we have built the company and are leading it into the future. We're excited to share more information 
in the coming weeks, especially once the ongoing peaq network funding round is finalised. We've been in this space for 
many years but chose a different strategy to most projects, opting to create real-world value for business before 
launching a means of exchanging that value. With Fortune 100 companies like NTT and a big German automotive group 
trusting in our technology, we believe now is the time." 
The Berlin-based company's activities are also being registered in the political arena: peaq has been selected to 
participate in the European GAIA-X moveID project to build a secure, high-performance and trustworthy data 
infrastructure for future mobility. peaq also became the first blockchain software development company to become a 
member of the Verband der Automobilindustrie (VDA) earlier this year. 
 
About peaq 
peaq is a Berlin based blockchain infrastructure and solution development company transforming the Internet of Things 
into the Economy of Things. The company develops and provides high-performance DAGchain technology and tools for 
companies to build, launch and scale decentralized solutions and platforms. peaq leverages its technology to help its 
customers drastically reduce costs, create new revenue streams and automate processes, while making systems faster and 
more secure. peaq enterprise is aimed at enterprise customers and is the business arm that drives development for the 
public peaq network. 
Advanced Blockchain will provide more details and updates about the peaq network launch in the future, and looks 
forward to seeing peaq continue to grow and evolve 
Further information about Advanced Blockchain AG and peaq can be found at their respective websites, https:// 
www.advancedblockchain.com and https://www.peaq.io. 
peaq press contact 
Max Thake 
pr@peaq.io 
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2021-06-09 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. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      Advanced Blockchain AG 
              Scharnhorststraße 24 
              10115 Berlin 
              Germany 
Phone:        +4930403669510 
Fax:          030403669511 
E-mail:       info@advancedblockchain.com 
Internet:     www.advancedblockchain.com 
ISIN:         DE000A0M93V6 
WKN:          A0M93V 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Stuttgart, Tradegate 
              Exchange 
EQS News ID:  1206056 
 
End of News   DGAP News Service 
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1206056 2021-06-09


 
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June 09, 2021 04:11 ET (08:11 GMT)