IOTW Announces Strategic Partnerships with a Leading Set Top Box Firm in Spain

(July 12th, 2019, Hong Kong) – AnApp Blockchain Technologies Limited (“IOTW”), the IoT blockchain developer behind IOTW (a new cryptocurrency for IoT applications), is pleased to announce a new strategic partnership with ENGEL SYSTEMS SL. (“ENGEL”). The initial target is to deploy 800,000 units of IOTW-enabled set-top boxes (Receptor DVB HEVC Gravador) in Europe by 2020.

ENGEL is the leading R&D set-top box manufacturer in Spain it embeds IOTW blockchain technology into their products. It has strong R&D and a professional team with extensive experience in the manufacturing, sales, and marketing of technological products. Its vast product portfolio includes Coaxial, Telephone, Audio, Receivers, Cables, Headphones and TV stands.

Mr. Frederick Leung, co-founder and CEO of IOTW said, “We are excited to be forming partnerships with ENGEL. A collaboration with ENGEL is a strategic step for IOTW that will allow us to penetrate the European market, implement our unique blockchain technologies (Proof of Assignment) and micro-mining solution (Micro-Mining protocols) and move towards mass deployment of our chain. Porting our micro-mining software to ENGEL’s products marks a major step for IOTW’s adoption and penetration. IOTW aims to cooperate with the leading multinational companies in the near future.”

Mr. Montane, CEO of ENGEL, also shared his comments, “IOTW’s unique IoT blockchain solution is a great fit for our vision, allowing our products to mine cryptocurrency (IOTW coins). Our customers will benefit from the blockchain technology and micro-ming without any additional cost and hardware change. It is an opportunity for us to expand our market to different regions. Embedding IOTW blockchain technology creates a new channel for our sales, it is time to adopt new technology in this new era. We are planning to adopt IOTW technology to our Digital Terrestrial Television (DTT) products in future.”

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About IOTW

Project IOTW (https://iotw.io/), under AnApp Blockchain Technologies Limited based in Hong Kong, is building a fast-growing Blockchain-enabled IoT Data Platform in a world where Big Data is unified from a cross-section of IoT devices and different applications based on a native blockchain technology using Proof of Assignment (PoA) and micro-mining protocols. The blockchain software can run on different IoT devices to mine cryptocurrencies. The micro-mining software can be embedded into different IoT chipsets and also downloaded into existing IoT devices through a firmware update without needing to change the hardware.

Currently, AnApp/IOTW is launching the most economical and flexible Enterprises Big Data Cloud Hosting platform (iotw.cloud) to help IoT/ mobile app projects to reduce up to 80% cost and offer an off-the-shelf turnkey solution with little R&D time and engineering work.

The founding team has over 30 years of experience working in the Silicon Valley, semiconductor, and IoT hardware industries, which can help make IOTW real business become global rapidly. It has been backed up by 500 Startups accelerator program, one of the topmost incubators and VCs in the US.

About ENGEL

ENGEL SYSTEMS SL. (http://www.engel.es) is the manufacturer and distributor of technological products, a leader in the reception of terrestrial, digital, satellite and Smart TV. With a long experience in Telecommunications, Engel has its own high-quality innovative technology and offers the most complete range of products for the new Digital Television.

For enquiries, please email to pr@anapphk.com