YDreams Global Formalizes LOI for China-EU Future City ("CEFC") and to Meet Local Government Officials

YDreams Global Interactive Technologies (TSXV:YD), is pleased to announce that Daniel Japiassu, CEO of YDreams Global, is in China working towards formalizing a Letter of Intent (“LOI”) with ESI Technology Expansion Partners (“ESI”) (refer to news release May 3 2017). The purpose of the LOI is to execute a viable and commercially attractive strategy to access the Chinese market via a fully funded joint venture and to collaborate with China-EU Future City (“CEFC”).
Daniel Japiassu, CEO of YDreams Global stated, “We are very pleased to travel back to China to solidify and strengthen our business relationship for the development of the multi-billion dollar smart city. We have met with high level local government officials as well as civic leaders and developers. The vision set forth for this ‘smart city’ is one that is aligned with the cutting-edge development of YDreams and we are very excited about potentially being a part of the growth of the smart city. We hope that the LOI represents the beginning of a long partnership. We are honored to be considered by such a prestigious institution as ESI. The CEFC is an incredible initiative, with several billions of Euros of investment to create one of the first truly smart and sustainable cities on the planet. The YDreams team is ready and capable of developing experiences using multiple technologies, such as virtual reality/augmented reality. We see the potential of exponential growth in projects like this.”
The CEFC is a pilot project under the EU-China Partnership on urbanization which was launched at the EU-China Summit on February 14^th, 2012 in Beijing by Li Keqiang and Barroso. The partnership aims at promoting exchanges and cooperation in a wide range of sustainable urban development.
The CEFC will be a demonstration project to showcase this newly established relationship to fully implement the sustainable strategies for China’s urbanization. The project will showcase the application of European and Chinese products and designs in order to promote and encourage further advancements towards sustainable urbanization.
The CEFC demonstrates the sustainable and environmental-friendly perspective in three stages:

• During the construction phase (design and incorporation of technologies);
• During the setup phase (obtaining the right mix of companies who focus on urbanization and have sustainable products); and
• During the life-cycle of the park with minimum emission and successful businesses.

Source: www.newsfilecorp.com