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Net Element Reports Second Quarter 2019 Financial Results and Provides a Business Update

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Financial results continue to improve as new proprietary value-added solutions begin gaining traction going into the second half of 2019

MIAMI, Aug. 14, 2019 (GLOBE NEWSWIRE) — via NetworkWire – Net Element, Inc. (NASDAQ: NETE) (“Net Element” or the “Company”), a global technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment including point-of-sale (“POS”), e-commerce and mobile devices, today reports its financial results for the second quarter ended June 30, 2019, and provides a business update.

Conference Call:

The Company will host a conference call on August 15, 2019, at 8:30 a.m. EDT to discuss second quarter 2019 financial results and business highlights. The conference call can be accessed live over the phone by dialing +1 (877) 303-9858, or for international callers +1 (408) 337-0139, and referencing conference code 5192255. It is recommended that participants dial in approximately 10 minutes prior to the start of the call.

The call will also be webcast live via https://edge.media-server.com/mmc/p/3wb2ioct. Following completion of the call, a recorded replay of the webcast will be available on the www.netelement.com/en/ir website.

Second Quarter Financial Results

  • Transaction processing volume of approximately $950 million, an increase of 8.5% over the same comparable period last year.
  • Transactions processed were approximately 28.8 million, an increase of 9.7% over the same comparable period last year.
  • Net revenues of approximately $16.5 million, no change as compared to the same period last year.
  • North American Transaction Solutions revenue increased to $15.7, an increase of 9% over the same comparable period.
  • Operating expenses were $2.3 million, representing a decrease of approximately 8% as compared to $2.5 million for the same comparable period.
  • Gross margin of approximately $2.6 million or 16% of net revenue, a slight decrease from $2.65 million or 16% of net revenue for the same comparable period.
  • Net loss per share increased to $ 0.37 from $0.23 for the same comparable period, primarily due to a one-time non-cash compensation expense.

Second Quarter 2019 Significant Achievements

  • Aptito entered into a channel partner agreement with HP Inc. for sales and support of HP’s line of Android-based POS devices.
  • Launched Blade, its proprietary, fully-automated, artificial intelligence (“AI”)-powered underwriting solution with predictive scoring.
  • Aptito launched cryptocurrency payment acceptance for merchants.
  • Launched Netevia Mastercard®, an exclusively-tailored business card for Unified Payments merchants.

“The first half of this year was instrumental in positioning the Company for further growth as we enter the second half.  We reduced expenses while increasing our processing volumes and transactions showing the scalability of our business and launched new proprietary value-added services utilizing our technology stack that will add to our revenues going forward,” commented Oleg Firer, CEO of Net Element. “We are well positioned to continue our growth trajectory and achieving our goals while building value for our shareholders.”

Outlook

Our strategy is to ensure that our business remains successful in a rapidly changing market, creating sustainable value for all our stakeholders, including our clients, distribution partners and shareholders.  We aim to achieve superior results for our clients by having a deep understanding of their payment acceptance needs, extensive market reach, strong product development and technology enablement.

Results of Operations for the Three Months Ended June 30, 2019 Compared to the Three Months Ended June 30, 2018

Net Element reported a net loss attributable to common stockholders of approximately $1.5 million or $0.37 per share loss for the three months ended June 30, 2019 as compared to a net loss of approximately $900,000 or $0.23 per share loss for the three months ended June 30, 2018. The increase in net loss attributable to stockholders of approximately $600,000 million was primarily due to the issuance of non-cash compensation (shares and options) valued, at the date of grant, of approximately $2 million which was offset by an increase of approximately in other income as a result of the reversal of $1.1 million in accrued expenses during the three months ended June 30, 2019 as compared to the three months ended June 30, 2018.

The following table sets forth Net Element’s sources of revenues, cost of revenues and the respective gross margins for the three months ended June 30, 2019, and June 30, 2018.

 
                     
    Three       Three        
    Months Ended       Months Ended       Increase /
Source of Revenues   June 30, 2019   Mix   June 30, 2018   Mix   (Decrease)
North American Transaction Solutions   $ 15,737,998   95.5 %   $ 14,419,129   87.6 %   $ 1,318,869  
International Transaction Solutions     749,313   4.5 %     2,045,588   12.4 %     (1,296,275 )
Total   $ 16,487,311   100.0 %   $ 16,464,717   100.0 %   $ 22,594  
                     
    Three       Three        
    Months Ended   % of   Months Ended   % of   Increase /
Cost of Revenues   June 30, 2019   revenues   June 30, 2018   revenues   (Decrease)
North American Transaction Solutions   $ 13,444,074   85.4 %   $ 12,227,059   84.8 %   $ 1,217,015  
International Transaction Solutions     457,291   61.0 %     1,586,949   77.6 %     (1,129,658 )
Total   $ 13,901,365   84.3 %   $ 13,814,008   83.9 %   $ 87,357  
                     
    Three       Three        
    Months Ended   % of   Months Ended   % of   Increase /
Gross Margin   June 30, 2019   revenues   June 30, 2018   revenues   (Decrease)
North American Transaction Solutions   $ 2,293,924   14.6 %   $ 2,192,070   15.2 %   $ 101,854  
International Transaction Solutions     292,022   39.0 %     458,639   22.4 %     (166,617 )
Total   $ 2,585,946   15.7 %   $ 2,650,709   16.1 %   $ (64,763 )
                     
YTD
                     
    Six       Six        
    Months Ended       Months Ended       Increase /
Source of Revenues   June 30, 2019   Mix   June 30, 2018   Mix   (Decrease)
North American Transaction Solutions   $ 30,101,504   95.5 %   $ 28,385,746   87.5 %   $ 1,715,758  
International Transaction Solutions     1,432,990   4.5 %     4,061,365   12.5 %     (2,628,375 )
Total   $ 31,534,494   100.0 %   $ 32,447,111   100.0 %   $ (912,617 )
                     
    Six       Six        
    Months Ended   % of   Months Ended   % of   Increase /
Cost of Revenues   June 30, 2019   revenues   June 30, 2018   revenues   (Decrease)
North American Transaction Solutions   $ 25,212,812   83.8 %   $ 24,291,131   85.6 %   $ 921,681  
International Transaction Solutions     948,700   66.2 %     3,141,211   77.3 %     (2,192,511 )
Total   $ 26,161,512   83.0 %   $ 27,432,342   84.5 %   $ (1,270,830 )
                     
    Six       Six        
    Months Ended   % of   Months Ended   % of   Increase /
Gross Margin   June 30, 2019   revenues   June 30, 2018   revenues   (Decrease)
North American Transaction Solutions   $ 4,888,692   16.2 %   $ 4,094,615   14.4 %   $ 794,077  
International Transaction Solutions     484,290   33.8 %     920,154   22.7 %     (435,864 )
Total   $ 5,372,982   17.0 %   $ 5,014,769   15.5 %   $ 358,213  
                     

Net revenues consist primarily of service fees from transaction processing. Net revenues were approximately $16.5 million for each of the three months ended June 30, 2019 and 2018. It should be noted that the dollar volume of transactions processed by our International segment has been showing improvement due to the boarding of  a large merchant account in the beginning of the year where the integration was completed during the second quarter of this year. In June of 2019, the dollar volume processed increased 7% from the previous month. This trend significantly improved in the month of July of 2019, as the dollar volume processed increased 46% from the previous month. We believe that this trend will continue and improve the overall performance and strategic vision of our International segment.

Cost of revenues represents direct costs of generating revenues, including commissions, mobile operator fees, interchange expense, processing, and non-processing fees. Cost of revenues for the three months ended June 30, 2019 were approximately $13.9 million as compared to approximately $13.8 million for the three months ended June 30, 2018.

Operating Expenses Analysis:

Operating expenses were approximately $5.2 million for the three months ended June 30, 2019, as compared to $4.1 million for three months ended June 30, 2018. Operating expenses for the three months ended June 30, 2019 primarily consisted of selling, general and administrative expenses of approximately $2.3 million, non-cash compensation of approximately $2.0 million, bad debt expense of approximately $0.1 million and depreciation and amortization of approximately $0.7 million. Operating expenses for the three months ended June 30, 2018, primarily consisted of selling, general and administrative expenses of approximately $2.5 million, bad debt expense of approximately $0.9 million, and depreciation and amortization expense of approximately $0.7 million.

The components of our selling, general and administrative expenses are reflected in the table below.

Selling, general and administrative expenses for the three months ended June 30, 2019, and 2018 consisted of operating expenses not otherwise delineated in our Condensed Consolidated Statements of Operations and Comprehensive Loss, as follows:

                 
Three months ended June 30, 2019                
                 
Category   North American
Transaction
Solutions
  International
Transaction
Solutions
  Corporate Expenses
& Eliminations
  Total
Salaries, benefits, taxes and contractor payments   $ 318,487     $ 95,231     $ 799,417     $ 1,213,135  
Professional fees     133,316       72,497       345,723       551,536  
Rent           15,277       51,277       66,554  
Business development     56,184       489       4,944       61,617  
Travel expense     35,511       5,084       33,299       73,894  
Filing fees     1,078             17,704       18,782  
Transaction gains           (12,974 )           (12,974 )
Office expenses     83,122       4,147       12,990       100,259  
Communications expenses     41,746       65,717       18,447       125,910  
Insurance expense                 36,267       36,267  
Other expenses     286       2,745       61,059       64,090  
Total   $ 669,730     $ 248,213     $ 1,381,127     $ 2,299,070  
                 
                 
Three months ended June 30, 2018                
                 
Category   North American
Transaction
Solutions
  International
Transaction
Solutions
  Corporate Expenses
& Eliminations
  Total
Salaries, benefits, taxes and contractor payments   $ 377,541     $ 349,068     $ 569,863     $ 1,296,472  
Professional fees     95,298       96,207       417,268       608,773  
Rent           24,058       45,987       70,045  
Business development     32,378       916       1,252       34,546  
Travel expense     43,782       5,194       40,211       89,187  
Filing fees                 12,508       12,508  
Transaction losses           37,301             37,301  
Office expenses     103,741       8,310       10,451       122,502  
Communications expenses     33,927       41,999       24,211       100,137  
Insurance expense                 34,247       34,247  
Other (income) expenses     (475 )     4,684       89,569       93,778  
Total   $ 686,192     $ 567,737     $ 1,245,567     $ 2,499,496  
                 
Variance                
                 
Category   North American
Transaction
Solutions
  International
Transaction
Solutions
  Corporate Expenses
& Eliminations
  Total
Salaries, benefits, taxes and contractor payments   $ (59,054 )   $ (253,837 )   $ 229,554     $ (83,337 )
Professional fees     38,018       (23,710 )     (71,545 )     (57,237 )
Rent           (8,781 )     5,290       (3,491 )
Business development     23,806       (427 )     3,692       27,071  
Travel expense     (8,271 )     (110 )     (6,912 )     (15,293 )
Filing fees     1,078             5,196       6,274  
Transaction gains           (50,275 )           (50,275 )
Office expenses     (20,619 )     (4,163 )     2,539       (22,243 )
Communications expenses     7,819       23,718       (5,764 )     25,773  
Insurance expense                 2,020       2,020  
Other (income) expenses     761       (1,939 )     (28,510 )     (29,688 )
Total   $ (16,462 )   $ (319,524 )   $ 135,560     $ (200,426 )
                 

Salaries, benefits, taxes and contractor payments remained relatively steady on a consolidated basis for the three months ended June 30, 2019 as compared to the three months ended June 30, 2018. This was primarily due to the Company’s continued monitoring of operations and labor costs necessary to maintain or increase revenues, including a reduction of the labor force in our International Transaction Solutions segment, which was partially offset by an increase in corporate expenses.

Reconciliation of Non-GAAP Financial Measures and Regulation G Disclosure

To supplement its consolidated financial statements presented in accordance with United States generally accepted accounting principles (“GAAP”), the Company provides additional measures of its operating results by disclosing its adjusted net loss attributable to Net Element, Inc. stockholders. Adjusted net loss attributable to Net Element stockholders is calculated as net loss attributable to Net Element stockholders excluding non-cash share-based compensation. Net Element discloses this amount on an aggregate and per share basis. These measures meet the definition of non-GAAP financial measures. The Company believes that application of these non-GAAP financial measures is appropriate to enhance the understanding by the Company’s investors of its historical performance through use of a metric that seeks to normalize period-to-period earnings.  A reconciliation of these non-GAAP financial measures with the comparable financial measures calculated in accordance with GAAP for the three months ended June 30, 2019, and June 30, 2018,  is presented in the following tables.

       
    GAAP  Share-based
Compensation 
  Adjusted Non-GAAP 
Three Months Ended June 30, 2019      
Net loss attributable to Net Element Inc stockholders $ (1,537,447 ) $ 2,005,840 $ 468,393  
Basic and diluted earnings per share $ (0.37 ) $ 0.48 $ 0.11  
Basic and diluted shares used in computing earnings per share   4,199,076       4,199,076  
Three Months Ended June 30, 2018      
Net loss attributable to Net Element Inc stockholders $ (903,731 ) $ 22,500 $ (881,231 )
Basic and diluted earnings per share $ (0.23 ) $ 0.01 $ (0.22 )
Basic and diluted shares used in computing earnings per share   3,855,866       3,855,866  
       
    GAAP  Share-based
Compensation 
  Adjusted Non-GAAP 
Six Months Ended June 30, 2019      
Net loss attributable to Net Element Inc stockholders $ (2,658,293 ) $ 2,020,847 $ (637,446 )
Basic and diluted earnings per share $ (0.66 ) $ 0.50 $ (0.16 )
Basic and diluted shares used in computing earnings per share   4,032,258       4,032,258  
Six Months Ended June 30, 2018      
Net loss attributable to Net Element Inc stockholders $ (2,514,578 ) $ 104,511 $ (2,410,067 )
Basic and diluted earnings per share $ (0.65 ) $ 0.03 $ (0.62 )
Basic and diluted shares used in computing earnings per share   3,854,506       3,854,506  
       

Use of Non-GAAP Financial Measures
Non-GAAP measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. Non-GAAP measures exclude significant expenses that are required by GAAP to be recorded in the Company’s financial statements and are subject to inherent limitations.

About Net Element
Net Element, Inc. (NASDAQ: NETE) operates a payments-as-a-service transactional and value-added services platform for small to medium enterprise (“SME”) in the U.S. and selected emerging markets. In the U.S. it aims to grow transactional revenue by innovating SME productivity services using blockchain technology solutions and Aptito, our cloud-based, restaurant and retail point-of-sale solution. Internationally, Net Element’s strategy is to leverage its omni-channel platform to deliver flexible offerings to emerging markets with diverse banking, regulatory and demographic conditions. Net Element was ranked as one of the fastest growing companies in North America on Deloitte’s 2017 Technology Fast 500™.  In 2017 we were recognized by South Florida Business Journal’s as one of 2016’s fastest growing technology companies. Further information is available at www.NetElement.com.

Forward-Looking Statements
Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Net Element and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to whether blockchain technologies will in fact play a key role in future commerce in the payments industry; whether the Company will achieve further growth or achieve its goals and when the Company will reach profitability. Additional examples of such risks and uncertainties include, but are not limited to (i) Net Element’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Net Element’s ability to maintain existing, and secure additional, contracts with users of its payment processing services; (iii) Net Element’s ability to successfully expand in existing markets and enter new markets; (iv) Net Element’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Net Element’s business; (viii) changes in government licensing and regulation that may adversely affect Net Element’s business; (ix) the risk that changes in consumer behavior could adversely affect Net Element’s business; (x) Net Element’s ability to protect its intellectual property; (xi) local, industry and general business and economic conditions; and (xii) adverse effects of potentially deteriorating U.S.-Russia relations, including, without limitation, over a conflict related to Ukraine, including a risk of further U.S. government sanctions or other legal restrictions on U.S. businesses doing business in Russia. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Net Element with the Securities and Exchange Commission. Net Element anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Net Element assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

Contact:
Net Element, Inc.
Media@NetElement.com

 

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Blockchain PR

Visionary Bitcoin Creator Satoshi Nakamoto to Reveal Identity

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Founder of Satoshi Nakamoto Renaissance Holdings to disclose the origins of his iconic pseudonym and the word Bitcoin on Sunday, Aug. 18, in the first installment of his three-part daily epiphany “My Reveal” on www.SatoshiNRH.com, and www.ivymclemore.com

NEW YORK, Aug. 16, 2019 (GLOBE NEWSWIRE) — After a decade of anonymity, Satoshi Nakamoto will break his silence in Part I of his “My Reveal” Sunday, Aug. 18, at 4 p.m. EDT on the Satoshi Nakamoto Renaissance Holdings website, www.SatoshiNRH.com, and the Ivy McLemore & Associates website, www.ivymclemore.com.

In addition to his real-life identity, Nakamoto will use “My Reveal” to divulge such facts as his country of origin, education, professional background, and why he has yet to move any of his 980,000 bitcoins.

Indicative of the compelling evidence he presents in each part of the series, Nakamoto will illustrate the role that cyphers and encryption related to his devotion to Chaldean numerology played in many decisions in his creation of Bitcoin.

Nakamoto also will disclose why he chose the date August 18 not only to register bitcoin.org in 2008, but also to release Part I of “My Reveal” this coming Sunday on the 11th anniversary of his registration of bitcoin.org through AnonymousSpeech.com.

Nakamoto’s revelations will culminate Tuesday in Part III with his introduction of Tabula Rasa, his clean-slate vision for Bitcoin’s transformational rebirth, and the declaration of his identity.

The final two parts of Nakamoto’s “My Reveal” will post to www.SatoshiNRH.com and www.ivymclemore.com on Monday and Tuesday at 4 p.m. EDT.

About Satoshi Nakamoto Renaissance (SNR) Holdings

Satoshi Nakamoto Renaissance (SNR) Holdings is in the business of providing superior Blockchain technologies to help transform people’s lives. For more information, please visit www.SatoshiNRH.com or follow @SatoshiNRH on Twitter.

About Ivy McLemore & Associates

Ivy McLemore & Associates (IM&A) is a digital marketing and PR agency that specializes in serving investment management and cryptocurrency clients seeking to gain and maintain a competitive edge. For more information, please visit www.ivymclemore.com.

CONTACT: Ivy McLemore
PHONE: 212.323.2774
EMAIL: satoshiPR@ivymclemore.com 
WEB: www.ivymclemore.com

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Blockchain PR

Byzen Digital Announces Opening of New Operational Company in the UK, Byzen Digital Limited

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Additionally Announces Termination of LOI with Fortune8 

London, UK, Aug. 16, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Byzen Digital Inc. (OTC PINK: BYZN), a technology mergers and acquisitions company, today announced the opening of new operational company in the UK, Byzen Digital Limited.

Over the past 12 months Byzen Digital Inc. has continued to develop its business model and now has a clear strategy that identifies and engages with SME (small and medium-sized enterprises) technology companies with the goal to developing commercial relationships. In addition, the Company also looks to offer its consultancy services into this sector with a focus on technology market disrupters. Byzen Digital Inc. recently established a Consultancy Services Division in conjunction with its strategic partner, The Axiom Partnership. To assist in developing this model, Byzen Digital management has commissioned the opening of a new operational company in the UK, Byzen Digital Limited, which will replace the non-operational Byzen Digital UK Limited that will be closed shortly.

Termination of LOI    

Byzen Digital Inc. additionally announces that further to its Letter of Intent (LOI) with Fortune8 Technologies, that after months of negotiations, it is currently unable to reach a definitive agreement to complete the acquisition of the Company. 

Byzen Digital President Chris Percy commented, “It is with regret that we have made the operational decision to no longer engage directly with Fortune8. The Board and I wish them success in their future ventures. With this action we now have the luxury to continue to explore and develop other new and existing opportunities.”

About Byzen Digital Inc.

Byzen Digital is a high-growth organisation focused on mergers and acquisitions in the technology space. Originally set up to service the growing blockchain sector, Byzen Digital’s scope has quickly grown beyond its initial focus to incorporate start-ups and SMEs (small and medium-sized enterprises) from the wider technology arena including cyber security, data storage, cloud-tech, analytics, software and digital applications. 

The Byzen family provides vital strategic insight, global funding access and a robust corporate structure to support its incorporated ventures in positioning concepts for global success. For more information go to: www.byzendigital.com

Safe Harbour Statement

This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management’s own knowledge and assessment of the Company’s industry and competition. The company assumes no duty to update its forward-looking statements.

Contact:

Chris Percy

President

Byzen Digital INC

chris.p@byzendigital.com

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Blockchain PR

ThalesNano Introduces MicroCube™, the Groundbreaking Compact Reactor for Ultrafast Heterogeneous Chemistry and the PhotoCube™ Series, Designed for Powerful and Versatile Multiwavelength Photochemistry

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BUDAPEST, Hungary and SAN DIEGO, Aug. 16, 2019 (GLOBE NEWSWIRE) — ThalesNano Inc. (www.thalesnano.com) announced today that MicroCube™ and the PhotoCube™ series are to be launched at the 258th American Chemical Society National Meeting & Exposition (booth #2218) on the 25th of August 2019 in San Diego, California.

The MicroCube™ system is the first compact, handheld instrument designed for chemical route-scouting and receiving instant feedback on reaction success. Fast and efficient processes on microgram scale are now available within minutes, from room temperature to 130°C and from atmospheric pressure to 50 bar. The innovative design enables performance of sensitive reactions without the use of gloveboxes. The instrument exploits the advantages of ThalesNano’s CatCart® technology, allowing safe and easy gas-liquid or gas-liquid-solid phase catalytic reactions, with the use of 12-50 mg catalyst amounts.

Gergely Darvas, CEO of ThalesNano, commented: “We are proud to launch the MicroCube™, a cutting edge new instrument for repeated 0.1-2 milligram samples’ synthesis. The system works in a similar fashion to an automatic pipette and opens up solutions unprecedented on the market.”

The PhotoCube™ Series are the first professional photoreactors in the world, that are available as a self-assembly kit as well. Various configurations tailored to the customer’s needs can be applied to a diverse set of batch, flow, stop-flow and CSTR photochemical reactions. Options for multicolor and UV LEDs enable the users to apply up to 7+1 wavelengths even simultaneously and to cover a wide range of chemical applications.

“These reactors make photochemistry accessible to everyone,” Alex Drijver, CEO of ComInnex, a drug discovery company (www.cominnex.com), sister company of ThalesNano, added. “The compact and flexible design is combined with high performance, which makes this modular product series unique. Reactions can be carried out in the same instrument with a range of UV to red lights in an effective and easy manner.”

Between the 25th and 27th of August at the San Diego Convention Centre delegates will also have the opportunity to get acquainted with further new products, such as the Back Pressure Module 300™ widening the available chemical space up to 300 bar, and the Dual Channel Gas Module™ to allow two different gases to be used at up to 100 bar pressure in flow chemical setups. Participants will also have a chance to familiarize themselves with ThalesNano’s FlowReact™ open innovation platform for registering flow chemical reactions, utilizing blockchain technology for irrevocable data storage and for contributing to IP protection.

About ThalesNano: ThalesNano, inventor of the award winner H-Cube® series, is the world leader of benchtop flow chemistry instrumentation. The company extends the available chemical space to the extremes and has the widest portfolio of solutions providing laboratory-scale continuous flow equipment and know-how. More than 1400 of their products are used globally by the pharmaceutical, biotechnology, fine chemical, petroleum/biofuel industries and in academia, resulting in the highest number of scientific publications in the field. Great emphasis is being put on supporting research and development by engaging in scientific collaborations and education. Their mission is to make flow chemistry part of the daily laboratory routine, allowing chemists to realize safer syntheses and processes, easier and more efficient workflows. The company was founded by Dr. Ferenc Darvas, who is also the Chairman of the oldest Hungarian upstream-technology network.

Contact
tamas.hodosi@thalesnano.com

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