AnApp Blockchain Technologies Limited (“AnApp”), the IoT blockchain developer behind IOTW (a new cryptocurrency for IoT applications), announces a new partnership with leading LED lighting products manufacturer, Bortex Global, a company listed in Hong Kong.
Founded in 2014, Bortex Global manufactures and distributes LED lighting products around the world, including North America, Europe and the Asia Pacific region, and their partnership with IOTW will see them producing an IOTW-branded OEM light box.
Moreover, IOTW will also port their micro-mining software to specific Bortex-manufactured lighting products, and Bortex will start accepting IOTW coins as a payment method for supported products.
By 2021, the global sales revenue of LED indoor lighting industry is expected to increase to around $64B from the current $34.5B figure, and given how LED lighting products are utilized globally, IOTW will be able to leverage this to reach a large user base, allowing them to mine cryptocurrencies.
“We are excited to have forged a productive partnership with Bortex Global, and will be porting our firmware to their lighting products. With this, not only will their users have access to the crypto industry, they will benefit from our decentralized, micro-mined IOTW coins.” commented AnApp CEO Fred Leung.
AnApp (website: iotw.io) is developing the IOTW cryptocurrency and blockchain software which can run on different IoT devices. The micro-mining software can be embedded into different IoT chipsets and also downloaded into existing IoT devices through a firmware update.
Bortex Global Limited (Stock Code:8118.HK) (website: bortex.com.cn/) has more than 150 employees which include R&D team and management team. It has abundant experience in product design, cost control, etc., so as to preserve a stable state. Over the past few years, Bortex Global is also continuously investing in resources, purchasing efficient and mechanical equipment, making the technology more fluent, and ensuring quality and efficient production of quality products, so as to improve competitiveness and profit-making ability.
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