VANCOUVER, British Columbia – August 17, 2021 – Hunter Technology Corp. (TSX-V: HOC; OTCQB: HOILF; WKN: A2QEYH, FSE: RWPM, ISIN: CA4457371090) (“Hunter” or the “Company”) is pleased to share an update on its market strategy, product progress and team focus.
Based on the Company’s progress to initiate partnerships with hydrocarbon producers and sovereign entities in West African markets, Hunter is directing additional resources and attention to further develop opportunities in the region. The focus of these efforts will continue to be establishing the OilExchange platform as a standard in physical oil supply chain intelligence solutions. With its tailored data collection and analytics functionalities, the product will enable efficient transparency along complex oil production processes for governments and large producers. The opportunity in smaller producing markets is to fully digitalize the reporting and government monitoring of data points such as production volumes, environmental impact, and export activity. This provides the foundation for advanced solutions in tax and royalty collection and for ultimately moving of all transactions to a unified digital marketplace.
Following this integration opportunity and building on additional market research and feedback, Hunter has also been further building out is OilEx platform which connects commodity producers, buyers, and traders in a trusted marketplace. The product received a global overhaul to becoming a more atomic and extendable platform, adding flexibility to enable tailored transaction workflows and support additional commodity types. As a result, OilEx is well positioned to expand into alternative commodity trading activities and markets.
The initial user experience focus on chat interactions between trade partners is now balanced with a navigation structure that is equally compatible with users who prefer to conduct deeper market exploration and research before making a decision or starting a conversation with a counterparty.
The overhaul sets the foundation for a further extension of platform functions as planned over the next two months. Included are upgraded filtering to improve search accuracy for discovering suitable transaction opportunities, new sections for trade parties to manage their leads and ongoing deals, a dedicated messaging centre for direct deal discussions, and an updated map view that is more integrated with a typical transaction research workflow in commodities markets.
To better support changes in market and platform strategy, the Company is optimizing its product delivery team structure to focus on the most viable and marketable opportunities at hand. After reaching planned milestones of technical platform foundation and back-end development, Hunter is strengthening its market development activities while continuing to tailor product functions to specific use cases. This is reflected in a shift of resources from core engineering to sales and business development functions.
Hunter is releasing its latest investor presentation reflecting updates on market and product developments. The presentation is available on the Company website www.huntertechnology.com.
About Hunter Technology Corp.
Hunter Technology Corp. develops interactive software platforms powered by blockchain technology that digitalize and streamline physical oil trading throughout the transaction lifecycle. With its solutions, Hunter delivers more favorable economics and fair market access for all and promotes the transition towards a more environmentally and ethically responsible ecosystem. Its flagship product OilEx will connect independent oil producers, buyers, and traders in a trusted digital marketplace to optimize prices, simplify processes, improve transparency, and support a reduced carbon footprint. Through its data analytics capabilities, Hunter will offer real time supply chain management tools for tracking the origin, transhipment, and processing of hydrocarbons and the environmental, social and governance (ESG) compliance during their life cycle.
On behalf of the board of directors
Florian M Spiegl
Chief Executive Officer
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Cautionary Statement Regarding Forward-Looking Information.
This news release contains certain statements which may constitute forward-looking statements or information (collectively, "forward-looking statements") regarding Hunter’s business development plans. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, including factors beyond Hunter’s control, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", "will" or be "on track to" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements (including execution risk, market risk, industry risk, market reaction, the impact of general economic conditions and competition from other industry participants, as well as stock market volatility). In this news release, forward-looking statements relate to, among other things, Hunter’s business development plans as well as Hunter’s future performance as it develops its business. Although Hunter believes that the expectations in its forward-looking statements are reasonable, they are based on factors, estimates and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statement. Such factors include, but are not limited to: risks relating to delays, development and marketing risks, unforeseen requirements resulting from the COVID-19 pandemic, commodity prices, inability to access, on favorable terms, sufficient capital from internal and external sources, the ability to access, hire and retain employees; regulatory changes and impacts, timing and completion of the Company's online platforms as well as general business, economic, competitive, political and social uncertainties. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Hunter does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Hunter should be considered highly speculative. There can be no assurance that Hunter will be able to achieve all or any of its proposed objectives. Please review Hunter’s SEDAR filings including its management discussion and analysis available under the Company's profile at www.sedar.com for a more fulsome discussion of risk factors affecting Hunter.