DOWNERS GROVE, IL /ACCESSWIRE/March 2, 2022/ ID Global Corp. (OTC PINK: IDGC) is pleased to announce details of the annual report, including the company’s focal point, subsidiary Noveda Technology Inc., a patented energy monitoring platform solution that integrates consumption and production data. The platform provides actionable insights in real time. for owners, operators, users, and utilities. Noveda’s technology helps reduce energy and water consumption, optimize the performance of renewable energy systems and reduce the carbon footprint of customers around the world. Implementation spans the commercial/retail, industrial, government, education and utility sectors.
Company CEO Sebastien C. DuFort said, “The company’s strategy of focusing on being a software-as-a-service (SaaS) provider has made great strides over the past exercise. The company increased revenue growth by 214% from $150,007 to $471,277, gross margin increased by 3,256% from $10,637 to $356,949, and gross margin percentage increased from 7% in 2020 to 76% in 2021 (Most of our service costs with the new model are fixed costs.)”
As noted in a previous press release, software upgrades are expected to be launched in the second quarter of 2022, which includes the replacement of outdated Flash software whose lifespan ended on December 31, 2020, and the interim application Flash Workaround which was limited to Windows users. The upgrade also includes the latest PHP 8 version, full source code documentation, and compatibility with AWS infrastructure for additional compute services. After going through a short beta testing phase of the new upgrades, the company also has two international license agreements to execute.
Currently based in White Plains, New York, Noveda Technologies is an innovative leader in web-based real-time energy and water monitoring. The company’s patented software solutions help reduce energy and water consumption, optimize the performance of renewable energy systems and reduce the carbon footprint of customers in commercial, retail, government, education and public services.
ABOUT AZURE BLOCKCHAIN
Azure Blockchain will leverage its Blockchain strategy to include various tangible assets, which may include gold, silver and other mining assets, real estate, trading assets, to name a few- one. Azure’s development, use and adaptation of blockchain technology is positioned to use newly created currencies to create secure and tangible asset value for holders. Because blockchain technology shares transaction records and is updated by a network of computers instead of a central authority, every transaction within the system will be secure, timestamped, and linked to previous and next transactions that can be seen. by anyone with access to a given blockchain. Additionally, the technology has the potential to be ideal when it comes to simplifying complicated transactions and helping to digitally track physical assets, such as electricity, as they move from point A to a point B. Because blockchain can be used to monitor energy consumption, Azure intends to integrate the technology to be used in conjunction with IoT technology to better measure energy consumption and collect payments. It will also serve to help consumers and businesses identify where the energy is coming from and whether it is from a renewable source.
IDGC Operations Plan.
IDGC is an emerging growth company under the JOBS Act of 2012 and, as a diversified holding company, will focus on emerging and midstream international investment opportunities through its subsidiaries. ID Global Corp. is an organization that deals with nurturing start-up businesses through the various stages of development until the businesses have sufficient financial, human and physical resources to operate on their own.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company’s control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission. Please read the full disclaimer at www.idglobalcorp.io.
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THE SOURCE: ID Global Corporation
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