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TECHNOVATIVE GROUP INC., SIGNS STRATEGIC PARTNERSHIP AGREEMENT WITH JOGET, INC.

By GlobeNewswire,  September 24, 2018, 09:30:00 AM EDT


Hong Kong, Sept. 24, 2018 (GLOBE NEWSWIRE) -- Technovative Group Inc., (OTCPK: TEHG) Technovative Group, Inc. ("Technovative" or the "Company") is engaged in delivering financial technology, Artificial Intelligence (AI), Blockchain and Distributed Ledger Technology (DLT) Solutions, Cloud Computing and Big Data Analytics to financial service institutions ("FSI") in the Greater China Region ("GCR"), Southeast Asia Region and beyond, announced today, the signing of a strategic partnership agreement with Joget, Inc. 

Joget Workflow, developed by Joget, Inc., is a leading open source, web-based workflow software to develop workflow and business process management applications. Its low-code/no-code application development platform allows users to easily build enterprise web-based applications and to automate business processes on the cloud and mobile devices. Joget Workflow combines the best of business process management (BPM), workflow, and rapid application development in a platform that is simple, flexible and open.

By utilizing Joget Workflow, Technovative expects to co-develop a new product with its cloud computing and blockchain technologies to design a blockchain-based workflow system. In addition, Joget Inc. is expected to provide highly specialized training and go-to-market services to Technovative's team. 

Dr. Huang, the Chief Technology Officer of Technovative Group, Inc., said, "Joget Inc.'s plugin architecture is very adaptable and the Joget Workflow is a flexible platform. Joget Workflow can be easily applied to newer, emerging technologies such as blockchain technology. We believe that, by extending the use of Joget with smart contract and blockchain extensions, we may be able to better serve our existing clients. We also believe Joget Workflow may open doors for new clients because of its ease in reducing the hurdle to develop newer Apps that can exploit Blockchain technology."

Julian Khoo, Senior Vice President of Joget Inc., said, "Technology solutions are ever-changing and complex. When looking to strategic partnerships, we seek outstanding partners who can advance the power and potential of Joget Workflow. We selected Technovative due to their leadership in both blockchain and the cloud as well as their global footprint."

Nicolas Lin, CEO of Technovative Group, Inc., stated, "We are pleased to have entered into a strategic partnership with Joget Inc. As a leader in application development, the Joget-Technovative partnership opens up unlimited potentials for both parties. The highly experienced team at Technovative looks forward to this mutually beneficial relationship."

About Joget:

Joget, Inc. is the developer and manager of the Joget Workflow Commercial Open Source Project. Joget Workflow is a low-code/no-code web platform that modernize application development and workflow automation on the cloud and mobile. 

About Technovative Group, Inc.

Technovative Group, Inc. is a technology holding company. The Company through its subsidiaries and consolidated variable interest entity, is engaged in delivering financial technology, blockchain solutions and big data analytics technologies to financial service institutions ("FSI") in the Greater China ("GS") region. We are currently developing a suite of smart tools which includes SmartBot, Smart Contracts, Data Analytics, Blockchain and Trading platform targeted to FSI in GC.

More information about the Company can be found at www.technovative.co

Forward-Looking Statements

This press release may contain information about Technovative's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Technovative encourages you to review other factors that may affect its future results in Technovative's registration statement and in its other filings with the Securities and Exchange Commission.

Contacts:

Technovative Group, Inc.Sally Sun
Phone: +852-2162 7529
ir@technovative.co

Investor Relations & Public Relations
Sean Leous
Managing Director, TraDigital IR
Phone: + 1 917-715-3765
sean@tradigitalir.comJoget, Inc.Jack Hii
Phone: +14084003233
jack@joget.org

Source: Technovative Group, Inc.

This article appears in: News Headlines

Referenced Stocks: TEHG








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