OUR NEW PROFILE IS: URYL
URYL Completes Acquisition of TrueNorth Quantum
TrueNorth Quantum Launches Its Innovative, Proprietary Cloud Technology Platform; Northern Shield, Is A Scalable, Secure Infrastructure Designed To Rapidly Build And Launch The Next Generation Of Decentralized Blockchain Applications.
The market just opened up and we have URYL on our radar for today.
We want to put this one high up on our watch list while we anticipate that the company will be communicating more with shareholders as an important acquisition was just announced towards the end of last year.
We brought you this one back in November at just .80. less than 2 weeks later it hit $2.40 for a 200% move. We also looked at it about a month ago when it ran from .42 to .78 in the same session.
We are seeing activity pick up a little bit and want to get this one on your radar now.
By 2021, 90% of current enterprise blockchain platform implementations will require replacement within 18 months to remain competitive, secure, and avoid obsolescence, according to Gartner, Inc.1
WATERLOO, ON / ACCESSWIRE / August 9, 2021 / TrueNorth Quantum Inc. (‘TrueNorth’), the creator of the Northern Shield, an innovative, scalable, institutional-grade cloud platform for building the next generation of decentralized blockchain applications. (‘Dapp’) for FinTech, MedTech, AgTech, and HealthTech announce the launch of the Northern Shield as a Platform as a Service offering to accelerate the replacement of 90% of today’s Blockchain applications.
Doug Beynon, Executive Chairman of TrueNorth states: ‘Decentralized applications are, simply, applications built on the Blockchain or distributed ledger technology. This is where much of the blockchain work is being done now. The Blockchain is currently undergoing the same application-level growing pains that the internet did in the late 90s and early ’00s, and the Northern Shield will accelerate the scaling of decentralized applications’.
He continued: ‘Our platform offers stability and scalability in a world of continuously shifting technology. It allows our users to get up and running faster with our decentralized platform, featuring a broad range of available integrations, a rich ecosystem of services, built-in global business protocols, smart data management, and advanced security’.
The platform has four services that separate us from our competition:
- Advanced-Data Management: Our security protocols travel with the data, leaving no points of weakness.
- Secure Distributed Transactions: We provide quantum-proof security transaction handling, taking smart contracts to a new level
- Workflow Management: Our App has a goal-oriented system design that enables interoperability across complex tech environments.
- Flexible Microservices: From identity services to transcoding, our vast menu of services streamlines development and reduces time to market.
Applications built on the Blockchain are developed to heavily prioritize functionality and power over security, usability, and simplicity. While this is undoubtedly important for the ‘proof of concept’ phase of Blockchain, the ecosystem is now hungry for wide-scale adoption and growth. The Northern Shield will facilitate this transition from proof of concept to global institutional scale up to 5x faster than trying to do a complete rebuild to meet the stringent requirements of major institutional customers.
The Northern Shield is being offered in partnership with Dapp developers enabling the reuse of their proof-of-concept implementation by rapidly porting to the Northern Shield, instantly gaining institutional-grade security, scalability, and global access.
TrueNorth takes a partnership approach with selective application development initiatives, whether large institutions are looking to enter the Dapp market or small Dapp developers with a breakthrough idea. Our transaction pricing is success fee-based ensuring everyone wins.
United Royale Group Holdings Corp. Completes the Acquisition of TrueNorth Quantum Inc.
Toronto, Ontario, November 1, 2021, TrueNorth Quantum Inc (formerly United Royale Group Holdings Corp. (OTC:URYL) is pleased to announce the closing of acquisition (the “Acquisition”) of TrueNorth Quantum Inc.(“TrueNorth”), the creator of the Northern Shield cloud platform for building institutional-grade decentralized applications for FinTech, MedTech, AgTech, and HealthTech. United Royale Group Holdings Corp. (the “Issuer”) has completed a name change to TrueNorth Quantum Inc. which is pending regulatory approval and completion. On Friday, October 29, 2021, the Issuer acquired 100% of the issued and outstanding common shares of TrueNorth on the basis of 14 Issuer shares for every 1 common share outstanding of TrueNorth. The Acquisition was completed by the direct issuance of 9,053,338 common shares of the Issuer to Non-Canadian resident shareholders of TrueNorth and the issuance of 145,977,552 exchangeable shares (the Exchangeable Shares) of a wholly-owned subsidiary of the Issuer. Each Exchangeable Share is exchangeable at this instance of the holder thereof, for 1 common share of the Issuer. All common shares of the Issuer issued under the Acquisition are subject to a 12 month hold period. The total number of issued common shares is 151,043,725.
About TrueNorth Quantum Inc.
TrueNorth Quantum Inc. is the creator of the Northern Shield, an innovative, scalable, institutional-grade cloud platform that enables the rapid build and scale of decentralized applications across multiple industries. The Northern Shield Platform-as-a-Service offers advanced data security protocols and workflow management, built on a flexible microservices ecosystem. As a development partner, True North Quantum seeks opportunities to accelerate innovation, including investment in disruptive technologies we believe will change the world. Our partner acceleration model, which offers application development services, rapid prototyping, transactional revenue pricing, and capital injection, enables industry disruptors to succeed, no matter where they are in their business journey.
Independent Director and Audit Committee Chair
Dr. Benyon is a seasoned entrepreneur, executive, advisor, mentor and investor with over 35 years of senior management experience. He has been directly and indirectly involved in commercializing multiple technologies and has restructured organizations, managed small to medium enterprises, started private and public companies, advised and mentored corporations, and secured investment funding.
Independent Director and Compensation Committee Chair
David carries 35 years of experience crafting finance capital solutions for corporate and individual clients. His finance expertise spans wealth management and private banking, cryptocurrencies, green power, oil and gas production, gaming, healthcare technology, and commercial real estate.
Corporate Governance, Compliance and Legal
Specialising in Canadian securities law, corporate finance and mergers and acquisitions, Bryce has over 20 years of focused experience assisting early stage and development stage companies both private, going public and publicly listed.
Sandy is a strategic operational and financial leader focused on bottom line results. She has experience with both the private and public arenas and understands the day-to-day needs to deliver on both short and long-term goals. Sandy holds an MBA from Wilfrid Laurier University.