Imex and Blockgration Sign a Definitive Agreement for Integrated Product Offering and Global Market Expansion

Imex Systems (TSXV:IMEX) has announced it has signed a definitive agreement with Blockgration Global, a mobile wallet and blockchain company.

As quoted in the press release:

The intent is to establish a new strategic partnership that leverages each company’s unique strengths and assets to enhance product & service offerings and expand market reach and revenue growth. Imex’s i-Gov platform will be integrated with Blockgration’s mobile wallet and Blockchain platform to create a completely unique payment, communication and software services platform to enable all levels of government to manage their processes with greater efficiency, security and transparency.

Some Highlights of the Imex and Blockgration Strategic Partnership:

• IMEX and BGC will add Blockchain infrastructure to the IMEX i-Gov Platform for certain government functions such as data security and payment transactions.
• BGC will customize the IMEX i-Gov. Platform for the initial Proof of Concept launch in Guyana and then expand into other CARICOM countries.
• Imex’s i-Gov gateway will be integrated with BGC’s mobile wallet for deployment in Nigeria. BGC will pave the way for Imex to secure contracts utilizing the i-Gov software.
• Imex & BGC have agreed to a revenue sharing arrangement in each of the deployments. The revenue and cost sharing will be on a case by case basis depending on which partner the primary contract has with the customer. In all cases both parties will share revenues.

Click here to read the full press release.