Taal announces successful first phase deployment of blockchain computer power at Alberta facility
Vancouver, British Columbia; January 14, 2021 – TAAL Distributed Information Technologies Inc. (CSE:TAAL | FWB:9SQ1 | OTC:TAALF) (“TAAL” or the “Company”) a vertically integrated, blockchain infrastructure and service provider for enterprise, today reported that it has begun blockchain infrastructure operations at its facility in Alberta, Canada, marking a significant step in bringing on power to support the future of Enterprise scale transaction processing.
We are pleased to mark this important first step in reaching our operational infrastructure milestone for 2021. Despite the global pandemic challenges, we have successfully begun TAAL’s next-generation blockchain infrastructure operations in Alberta, Canada on schedule. This brings online trusted, compliant blockchain transaction solutions for global enterprise clients, comments Stefan Matthews, TAAL CEO, and Executive Chairman.
As announced on November 17, 2020 and December 23, 2020, TAAL’s recently purchased blockchain computers will help provide the required computing power for enterprise clients to achieve business advantages using TAAL transaction processing services. TAAL will continue to deploy further its newly acquired computing power throughout 2021 as scheduled, which will allow TAAL to support transaction volume growth and meet scalability requirements by clients processing transactions through TAAL on the Bitcoin SV (“BSV”) blockchain.
ABOUT TAAL DISTRIBUTED INFORMATION TECHNOLOGIES INC.
TAAL Distributed Information Technologies Inc. delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the BSV platform, and developing, operating, and managing distributed computing systems for enterprise users.
Visit TAAL online at www.taal.com
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain statements included in this news release constitute “forward-looking information” as defined under applicable Canadian securities legislation. The words “will”, “intends”, “expects” and similar expressions are intended to identify forward-looking information, although not all forward-looking information will contain these identifying words. Specific forward-looking information contained in this news release includes but is not limited to statements regarding: TAAL’s blockchain infrastructure operations in Alberta; transaction processing; and TAAL’s growth and business strategies. These statements are based on factors and assumptions related to historical trends, current conditions and expected future developments. Since forward-looking information relates to future events and conditions, by its very nature it requires making assumptions and involves inherent risks and uncertainties. TAAL cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from expectations. Material risk factors include the future acceptance of BSV and other digital assets and risks related to information processing using those platforms, the ability for TAAL to leverage intellectual property into viable income streams and other risks set out in Item 20 Risk Factors of TAAL’s Form 2A – Listing Statement dated July 31, 2018 and elsewhere in TAAL’s continuous disclosure filings available on SEDAR at www.sedar.com. Given these risks, undue reliance should not be placed on the forward-looking information contained herein. Other than as required by law, TAAL undertakes no obligation to update any forward-looking information to reflect new information, subsequent or otherwise.
FOR FURTHER INFORMATION CONTACT:
Matt Whitcomb, Investor Relations, [email protected]
Stefan Matthews, CEO & Executive Chairman, [email protected]
Chris Naprawa, President, [email protected]
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