Singularity Future Technology Expanding into New Internet Data Center (IDC) Facility in New Jersey; Strategic Location for Planned Distributed Storage Service Provider Business
Fantastic NECK, N.Y., March 21, 2022 /PRNewswire/ — Singularity Long term Technological innovation Ltd. (the “Enterprise”) (NASDAQ: SGLY) announced it is growing into a new Online Knowledge Middle (IDC) facility in Cedar Knolls, New Jersey. The Enterprise will sign up for other foremost companies at the 300,000 square foot facility.
Main Executive Officer, Mr. Yang “Leo” Jie, commented, “This is an additional crucial stage in Singularity Foreseeable future Technology’s ongoing method to accelerate our multi-calendar year progress and profitability. We imagine there is a extremely beautiful greenfield opportunity to leverage our engineering abilities, clients and balanced monetary situation to turn out to be a dominant dispersed storage services provider in North The us. We plan to invest in this exertion above the coming many years as we layer on one more development vector of our expanding cryptocurrency and blockchain-connected businesses.”
The new place will serve as the anchor for Singularity Foreseeable future Technology’s prepared new dispersed storage middle organization, with obligation for the daily operation and upkeep of the data center, with safe remote info monitoring. New Jersey was selected following a complete analysis because of to its company-helpful ecosystem and local climate, strong cultural ambiance, and pool of highly competent workforce from both equally highly regarded universities and major scientific analysis institutions. New Jersey’s adjacency to New York, and the facility’s skill to accommodate professional enlargement all blended to make it an perfect place to serve as the foundation for creating a big-scale info storage heart.
The new IDC facility deal with is:
Singularity Long term Technology Ltd.
9 Wing Travel
Cedar Knolls, NJ 07927
Telephone: +1-718-888-1814
About Singularity Foreseeable future Know-how Ltd.(NASDAQ: SGLY)
On January of 2021, the Business altered its name from Sino-Worldwide Delivery The usa, Ltd. to Singularity Future Know-how Ltd. (NASDAQ: SGLY). Given that 2020, it has been acquiring a presence in the revolutionized Blockchain offer administration spot by focusing on ground breaking answers for globally interconnected networks and developing point out-of-the-artwork crypto mining swimming pools. As the Blockchain landscape constantly shifts, the Corporation strives to deliver frictionless involvement and a progress-enabling ecosystem for its clientele in this at any time-altering room. The Firm is building on its long track file of good results as a global logistics and ship administration products and services organization, started in 2001 in New York, with subsidiaries in New York, Huston, Montreal, Hong Kong, Shanghai, and Ningbo, China. The Enterprise has provided clients through the world with all of their delivery logistics and company requirements as a complete-assistance provider. Added data about the Corporation can be found on the Firm’s corporate web site at www.sino-world.web.
Forward-Searching Statements
Certain statements created herein are “forward-wanting statements” inside the this means of the “protected harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-seeking statements may possibly be recognized by the use of words and phrases this kind of as “foresee”, “consider”, “expect”, “estimate”, “program”, “outlook”, and “challenge” and other comparable expressions that forecast or suggest long term situations or traits or that are not statements of historic matters. These ahead-on the lookout statements involve SGLY’s estimated and upcoming benefits of operations, business enterprise techniques, aggressive position, market ecosystem and possible advancement possibilities. In addition, there is uncertainty about the unfold of the COVID-19 virus and the effect it will have on SGLY’s operations, the desire for SGLY’s products and solutions, international provide chains and economic exercise in basic. What’s more, the value of cryptocurrencies may perhaps fluctuate considerably around time, and the achievements of the JV and its products and solutions are not assured. These ahead-searching statements replicate the existing analysis of current data and are subject to a variety of pitfalls and uncertainties. As a outcome, caution will have to be exercised in relying on ahead-looking statements. Owing to known and unknown risks, our genuine success may perhaps vary materially from our expectations or projections. All ahead-wanting statements attributable to the Enterprise or people acting on its behalf are expressly skilled in their entirety by these factors. Other than as required under the securities regulations, the Organization does not believe a duty to update these ahead-on the lookout statements.
Further facts relating to these and other things that may well influence our expectations and projections will be observed in our periodic filings with the SEC, like our Annual Report on Type 10-K for the fiscal year finished June 30, 2021. SGLY’s SEC filings are available publicly on the SEC’s website at www.sec.gov. SGLY disclaims any obligation to update the forward-hunting statements, irrespective of whether as a outcome of new information and facts, foreseeable future activities or or else.
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