Update on payment terms with Noetic Synergy
Brisbane, Oct 1, 2019 AEST (ABN Newswire) - Byte Power Group Ltd (ASX:BPG) provides an update on the payment terms agreed between Byte Power Pty Ltd ("BPPL") and Noetic Synergy Sdn Bhd ("Noetic") for contract work for the development, operational management and IT outsourcing services for Byte Power X Pty Ltd's cryptocurrency exchange.
An amount of US$419,400 was due to be paid to Noetic on or before the 30th September 2019. Noetic and BPPL have agreed to an extension for this payment to 31st December 2019.
About Byte Power Group Limited
Through Wimobilize, the Group has a new cutting edge technology solution, a proprietary Advance Hybrid Artificial Intelligence Big Data Technology Platform consisting of 31 Advance Analysis Engines, 4 levels of Hybrid Correlation and Al Profiling Algorithms customised for governmental, healthcare, banking, telco and tourism industries. This proprietary Big Data technology platform elevated the AI Predictive Analysis and deep insight intelligence to a new paradigm, applicable to any market segment.
This Wimobilize Big Data technology powered e-commerce ecosystem will provide the next generation innovative trading platform for distributing the Company's Australian wine, organic honey and honeycomb.
Byte Power Group Limited