VANCOUVER, British Columbia and LONDON, April 19, 2018 (GLOBE NEWSWIRE) -- BTL GROUP LTD. (TSX Venture:BTL) (“BTL” or the “Company”) is pleased to reconfirm April 23, 2018 as the date that Interbit, the Company’s token free, next generation blockchain platform, will be available for testing and feedback. Visitors to https://interbit.io will be able to access and download Interbit on that date.
“This launch of Interbit for testing will provide us with the insights and feedback required to provide successive upgrades every two weeks,” said Tom Thompson, CTO of BTL. “Throughout Interbit’s two year development, the focus has been on creating true privacy and we look forward to the feedback from the early users.”
Interbit’s unique “chain joining capability” has the capacity to inter-connect many thousands of Interbit blockchains per solution in a completely private, secure and horizontally scalable manner. BTL developed and built Interbit after determining two years ago that second generation blockchain technologies such as Ethereum would not meet the privacy nor scalability demands of users. The Interbit platform will allow users to keep all metadata private in a design framework that is familiar and easy to use.
Prior to this April 23 release, BTL will be filing multiple patent applications to further protect Interbit’s various proprietary aspects. These new patent applications build on BTL’s filings from last year (see the Company’s October 17, 2017 press release) and show BTL’s commitment to protecting its intellectual property.
ABOUT BTL™ AND INTERBIT™
Listed on the TSX Venture Exchange (TSX Venture:BTL) and operating from both Canada and the UK with offices in Vancouver, Calgary and London, BTL is a technology platform provider that owns Interbit, a next generation blockchain platform which enables business applications to be built quickly, easily and securely.
Interbit can be licensed by developers and businesses who can build and share their own applications in a trusted ecosystem, allowing them to embrace new revenue generating opportunities. Interbit meets the speed, scale and privacy that older generations of blockchain technology cannot achieve by using chain joining technology to connect multiple blockchains. It offers a simpler, more secure, new way of computing.
For further information please contact:
Dominic McCann, CEO
Phone: +1 855 256 5246
Certain statements in this release are forward-looking statements, which include further development of BTL’s business relationships and business and the timing, development and success of BTL’s technologies and products, patent filings and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of BTL’s technologies and products, as well as those risk factors discussed or referred to in BTL's annual Management's Discussion and Analysis for the year ended December 31, 2017 available at www.sedar.com, many of which are beyond the control of BTL. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BTL disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BTL undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.