Blockchain Foundry Inc. and ARCHOS S.A. announced a strategic partnership covering blockchain hardware solutions and related software infrastructure (the “Agreement”). Pursuant to this partnership, BCF will become the exclusive North American distributor of the ARCHOS SAFE-T range of hardware cryptocurrency wallets and blockchain secured solutions. ARCHOS recently announced the development of the SAFE-T Touch, a ground-breaking innovation in the hardware wallet segment.

The SAFE-T Touch offers a highly secure hardware wallet platform, embedding a trusted execution environment incorporating ProvenCore technology from Prove & Run S.A.S., a leading European software security firm. This focus on security, combined with a user-friendly mobile wallet interface, provides SAFE-T Touch users with the best of both worlds; a highly secure environment that is also convenient and easy to use. In consideration of the Agreement, BCF will grant ARCHOS 3.7 million common shares, representing approximately 5% of the outstanding shares of BCF.

In addition, ARCHOS may be entitled to cash or share-based consideration of up to 10% of the gross revenue earned by BCF from ARCHOS products during 2019, based upon milestones including the appointment of BCF as ARCHOS' preferred partner for blockchain development services. The Agreement and strategic partnership are arm's length.