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IDGC Completes Strategic Investment In Noveda Technologies
[July 09, 2019]

IDGC Completes Strategic Investment In Noveda Technologies


SAN DIEGO, July 9, 2019 /PRNewswire/ -- ID Global Corporation (IDGC) (OTCMKTS: IDGC) (the "Company" or "IDGC"), a diversified holdings company, today announced the completion of a strategic investment in Noveda Technologies, Inc., an IoT leader in cloud-based, real-time energy and water management systems, to deliver advanced Microgrid solutions to customers worldwide.

The transaction was completed as part of the Company's recent acquisition of a majority stake in Noveda Technologies. Noveda's patented monitoring solution integrates consumption and generation data to provide actionable real time intelligence for owners, operators and users as well as Utilities.

In addition to its several multinational clients from healthcare to renewable energy, Noveda is also one of the first companies selected by New York State Energy Research and Development Authority ("NYSERDA") as an approved vendor in the Real Time Energy Management ("RTEM") program, leveraging a 30% incentive for the system, installation and service costs paid by NYSERDA.

IDGC is leading the integration of emerging concepts like IoT, blockchain, artificial intelligence, and machine learning to streamline resource management as Microgrid solutions, while helping to decrease consumption, optimize performance, and reduce carbon footprint for customers and users world-wide. Integration of these advanced concepts can be seen in the company's wholly owned subsidiary, Polybrite Norge AS, offering intelligent LED lighting solutions as part of a Smart City installation in Norway.

"The Noveda platform is synergistic with our efforts to offer clients advanced Microgrid solutions that can be adapted across the spectrum of users as well as Utilities that are looking to improve their customer/user experience," said Harry Orfanos, the Company's Chief Executive Officer. "We're especially excited by the innovation and versatility of the team's accomplishent in developing cutting edge monitoring and verification solutions."



Commenting on the transaction, Nelson Ferreira, CEO of Ferreira Construction and the first investor in Noveda, said, "We are very encouraged by IDGC's vision and are excited that the Noveda system will be part of IDGC's Smart Grid platform."

About Noveda Technologies, Inc.
Noveda Technologies, Inc., is an IoT leader in web-based, real-time energy and water management solutions. Noveda's hardware, software and energy management services help decrease consumption, optimize performance, and reduce carbon footprints for customers and users world-wide, across the commercial, retail, industrial, government, education, and utility sectors. For more information, visit www.noveda.com or call 610.745.9590.


About ID Global Corp.
ID GLOBAL CORP is a publicly traded (OTC: IDGC) diversified holdings company which seeks to acquire and consolidate the Smart City (IoT) 4.0 industry. Structured as partnership subsidiaries, IDGC enables the growth and development of the acquired businesses with the goal of maximizing their value prior to an exchange listed spinoff. IDGC is looking to consolidate and roll-up the highly fragmented new IoT applications and 4.0 industries which enable Smart City development.  https://www.idgc.io

Disclosures: IDGC and its subsidiaries and direct coventurers, respectively and collectively seek safe-harbor in accordance with the provisions of the Private Securities Reform Act of 1995 for certain forward-looking statements made by any of them in this announcement, as the same is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  A forward-looking statement is defined as a statement that cannot sustain itself as merely a historical fact. A forward-looking statement predicts, projects, or uses future events as expectations or possibilities. These statements can often be misleading, as they can be mistaken for factual statements, while the issuers are, in fact, speculating.  Title 15 Section 78u-5 of the United States Code defines a forward-looking statement as including overly optimistic views as to a company's future economic performance, such as revenues or income, plans for future operations, or use of a report written by an outside reviewer.  Certain terms or phrases indicate the use by an issuer of forward-looking statements, such as any tense from present to future or similar inflection of words comparable to "believe", "estimate", "anticipate", "plan", "predict", "may", "hope", "can", "will", "should", "expect", "intend", "is designed to", "with the intent", "potential", the negative of these words or such other variations thereon or comparable terminology, may indicate forward-looking statements; however, the absence of these terms or phrases does not mean that a statement is not forward-looking.

 

Cision View original content:http://www.prnewswire.com/news-releases/idgc-completes-strategic-investment-in-noveda-technologies-300881328.html

SOURCE ID Global Corporation


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