Berlin, Germany (pta018/25.07.2019/14:15) - uptech AG (WKN: A0SLML, ISIN: DE000A0SLML9), the blockchain investment group, and Ultrain (ultrain.io), a world-leading blockchain provider, have announced a strategic partnership to mutually grow business in their respective home markets. With this partnership, uptechAG will look to expand their footprint in the Asian marketplace, leveraging Ultrain's presence in key financial centers including Beijing, Shanghai, Ho Chi Minh City, and Seoul. Ultrain's team will work with uptech AG to penetrate the European market, with an initial focus on Germany.
"We have been looking for the perfect partner for our entry into the Asian market," said Ali Ahmed, CEO of uptech AG. "We are thrilled to have found such a strong and competent partner in Ultrain. Thanks to their technical expertise and financial sector acumen, we look forward to rapid near-term growth of our portfolio in the region."
"With the strategic partnership we have launched today, Ultrain gains a significant foothold in the European market." said Emma Liao, Co-Founder and CSO of Ultrain. "We look forward to benefiting from both uptech's intimacy with the German market and their ability to help our organization achieve adoption on a global scale."
About Uptech AG
Uptech AG is a listed investment group focusing on blockchain technologies and investments in Technology & Development (Datarella GmbH, Helix Cognitive Computing GmbH), Advisory & Consulting (Krypto ManagementConsulting GmbH) as well as Education & Communities (KryptoEducation GmbH). The Berlin-based company invests in a broad portfolio of investments and strategically develops them. Uptech AG creates value for its investors and contributes to the growth of the blockchain ecosystem.
Ultrain is a world-leading public blockchain optimized for commercial use. We aim to build a general purpose blockchain offering cloud services and an operating system.
Our founding team consists of top cybersecurity and blockchain experts from Alibaba, IBM, and senior international M&A banker experienced in China's flourishing tech industry.
As one of the most innovative projects in the field, our team holds eight patents in blockchain technology. Leveraging our powerful R&D capabilities and global business network, we are committed to constructing a robust blockchain ecosystem that empowers a wide range of industries.