Hunter Technology (TSX.V: HOC) (OTCQB: HOILF) (WKN: A2QEYH) (FSE: RWPM) has announced a planned April 2021 private release of its OilEx platform as a minimum viable product (“MVP”). The company is planning to market test the platform ahead of the execution of live pilot transactions for selected hydrocarbon producers and purchasers planned for late Q2 2021. The MVP delivery, timed to make the most of the robust solution development progress and plans, will be targeted to independent producers and purchasers in North America. The announcement noted that the MVP will provide early users a first glimpse of the OilEx digital marketplace, which consolidates the trading supply and demand and enables transactions with a visual representation of market data utilizing interactive maps to support discovery of attractive transaction opportunities, a secure end-to-end encrypted communication channel between prospective purchasers and sellers supporting, and a robust document storage function. The announcement also noted that Hunter had appointed Dr. Florian M Spiegl to the company’s Board of Directors. “This MVP is a critical step in our product development work,” said Hunter CEO Florian M Spiegl in the press release. “It will allow the detailed validation of the OilEx core product functions to optimize benefits provided to our clients and partners and help realize our core value proposition: connecting independent oil producers, buyers, and traders in a trusted digital marketplace to optimize prices, simplify processes, improve transparency, and support environmental responsibility. We are excited to go through rigorous testing with independent producers in April before we schedule our next major release.”
To view the full press release, visit https://ibn.fm/BK04E
About Hunter Technology Corp.
Hunter Technology Corp. is a technology provider developing interactive blockchain platforms to enable the facilitation and supply chain tracking of physical oil transactions throughout the trade cycle, with more favorable economics for producers, access to a fair market for all and a reduced carbon footprint as producers transition towards a more environmentally and ethically responsible ecosystem. Through Oilex.com, Hunter will operate a physical oil marketplace to facilitate the buying and selling of physical oil by independent producers to corporate consumers, traders and sovereign purchasers. Through OilExchange.com, Hunter will offer real-time supply chain management tools for tracking the origin, transhipment and processing of hydrocarbons and the environmental, social and governance (“ESG”) compliance during their life cycle. For more information about the company, please visit www.HunterTechnology.com.
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