EV Battery Tech Secures Early Crypto Investment

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The company has obtained an owner position under the ROBe2 protocol whose patent-pending “proof of renewable energy” mining protocol has now been published.

VANCOUVER, British Columbia, Nov 03, 2021 (GLOBE NEWSWIRE) – Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech”) (CSE: ACDC) (OTCQB: CRYBF), is pleased to announce that it has invested in the Renewable Obligation Base (“ROBe2 Protocol”) ).

On October 5, 2021, the company was accepted into the Renewable Energy Alliance (the “REA”) and has since entered into a collaboration with the ROBe2 protocol and IONiX Pro Battery Technologies Inc. (“IONiX Pro”). The collaboration aims to develop an energy storage system (ESS) using the Company’s patented battery management system (BMS) to create the world’s first device to exploit the Proof of Renewable mining protocol (the ” PoR protocol ”) patent pending of the ROBe2 protocol. The PoR protocol has the ability to both verify the renewable source of energy and use a blockchain-based cryptocurrency mining system that will exploit the ROBe2 protocol. This milestone for the ROBe2 protocol and its PoR protocol is particularly important, as one of the common criticisms of cryptocurrencies in general is the way they are mined.

Since the beginning of the collaboration, the Company and IONiX Pro have experienced rapid development of the ROBe2 protocol, in particular with regard to the PoR protocol. Notably, on October 29, 2021, the PoR protocol was released at the International Cryptography and Blockchain Conference in Vienna, Austria. Some of the more advanced cryptocurrencies have published “white papers” that provide investors with technical information on their concept and a roadmap on how they plan to grow and be successful. However, only a few have published academic papers containing original research results that are reviewed by academic experts before being published. The academic article of the PoR protocol should also be published in the following journals:

International Journal of Computer Networks & Communications (IJCNC) – Scopus Indexed, ERA Indexed International Journal On Cryptography And Information Security (IJCIS) International Journal of Security, Privacy and Trust Management (IJSPTM) International Journal of Network Security & Its Applications (IJNSA) – ERA Indexed Information Technology in Industry (ITII) New – ESCI (WOS) Indexed

“I am honored that this groundbreaking scientific achievement is released at the International Cryptography and Blockchain Conference,” commented Dr Adel El-Messiry, co-author of the PoR academic article.

“The publication of an academic article distinguishes the ROBe2 protocol from other cryptocurrencies. We hope that the innovation of the Proof of Renewable mining protocol will become the new standard in crypto mining, ”continued Dr El-Messiry.

Thanks to its collaboration with the ROBe2 protocol, the company was able to participate in a unique and limited non-fungible token (NFT) offered by the ROBe2 protocol. The NFT auction for a limited number of NFT bonds of the ROBe2 protocol (each an “NFT bond”) took place on November 1, 2021 at 9:00 am CST. All of the NFT bonds sold in less than a minute. The company is happy to announce that it was successful in securing $ 2,000,000 worth of NFT bonds at this auction.

NFT bonds

Like the ROBe2 protocol, NFT bonds have several unique characteristics as a means of investing in cryptocurrency:

they offer investors the possibility of owning part of the ROBe2 protocol before launch; their value is based on the price of the underlying token of the ROBe2 protocol; they automatically deposit the tokens directly into the owner’s digital wallet until maturity; they give the owner the option to trade the NFT bond on an NFT exchange or hold the NFT bond and collect the tokens, or both; and no two are alike, which makes each NFT bond completely unique.

“The REA, the ROBe2 protocol and EV Battery Tech / IONiX Pro are changing the way all crypto is mined as they collaborate on the PoR protocol,” commented Dr Tom Davis, director of renewable energy at the REA.

“This is what captivated audiences recently at the International Cryptography and Blockchain Conference in Vienna. They were amazed at the possibilities as they processed the PoR protocol, ”continued Dr. Davis.

The company has now provided shareholders with exposure to the growth of the ROBe2 protocol, while continuing to work with IONiX Pro to develop the patent-pending ROBe2 protocol PoR hardware. The company is following the lead of other tech giants who have started building cryptocurrency wallets.

“This is a pivotal moment in the mass adoption of blockchain developed through a visionary approach to solving the energy problems of our world,” commented EV Battery Tech CEO Bryson Goodwin.

“We continue to increase our exposure to crypto, providing our shareholders with more and more exposure to the potential upside of this forward movement. As other tech giants in our space have done before us, we also intend to increase our position as we expand alongside this energy-conscious cryptocurrency protocol, ”he said. Mr. Goodwin concluded.

On behalf of the company,

Bryson Goodwin, Chief Executive Officer

About the Renewable Bond Base Energy Saving Protocol (ROBe2)

The Renewable Bonds Energy Saving Protocol, or ROBe2 (pronounced Rob-ee), is a decentralized digital currency, designed to incentivize the creation and consumption of renewable energy, by creating an obligation to generate renewable energy every time a token is mined and traded. . The ROBe2 protocol can only be exploited through a patent pending, carbon negative “Proof of Renewable” mining protocol that requires the creation of renewable energy. While the target motivations center around creating the most advanced decentralized utility digital currency, the broader goals are to spur a global movement against the climate change and economic oppression that plague our world even in the modern age. of science and technology.

Solving the global energy crisis requires the local implementation of a global system capable of tracking, verifying and encouraging the production of renewable energy at the grassroots level. This requires an energy economy based on renewable bonds, open to all and where each financial transaction creates the incentive to produce renewable energy continuously and automatically.

Learn more about ROBe2.io

About EV Battery Tech

EV Battery Tech is a blockchain and battery technology company with revolutionary and patented Battery Management Systems (BMS) designed to meet the growing demand for scalable and intelligent solutions for the rapidly growing electric vehicle (EV) markets. ) and energy storage solutions (ESS). The company is committed to helping global recycling solutions by delivering recycling initiatives using their technology to fully analyze and refurbish used batteries.

Learn more at evbattery.tech

About IONiX Pro

IONiX Pro is a leading company in the field of battery products and services. Using proprietary blockchain technology and patented Battery Management System (BMS) technology, licensed by EV Battery Tech, IONiX Pro has a growing portfolio of scalable and cutting-edge products and services for home and office, recreational vehicles, main industrial applications and electric vehicles charging infrastructure. IONiX Pro has created disruptive “smart” products for the Electric Vehicle (EV) and Energy Storage System (ESS) markets.

Learn more at ionixpro.com

Phone numbers and emails

For investor inquiries, please contact (236) 259-0279 or email [email protected]. For product or sales inquiries, please contact (236) 266-5174 or email [email protected]. All communications are handled by AlphaOne Media Group Inc.

The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved the contents of this press release.

Forward-looking statements

Statements in this press release that are forward-looking statements are subject to various risks and uncertainties, including specific factors disclosed here and elsewhere in EV Battery Tech’s periodic filings with Canadian securities regulators. When used in this press release, words such as “will”, “hope”, “could”, “could”, “plan”, “estimate”, “expect”, “have the intention to “,” could “,” possible “,” should “,” proposed “,” proposed “,” rendering “and similar expressions are forward-looking statements. The information contained in this press release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based on assumptions subject to risks and uncertainties. The forward-looking statements contained in this press release include, without limitation, statements regarding: (i) the usefulness and function of the ROBe2 protocol and the PoR protocol; (ii) the environmental impact of the ROBe2 Protocol and the PoR Protocol; (iii) value of the NFT Bonds; and (iv) the future success of the collaboration between the Company, IONiX Pro and ROBe2Protocol. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it cannot guarantee that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting these forward-looking statements or others.

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