NEW YORK, March 15, 2019 /PRNewswire/ -- Ideanomics
(NASDAQ: IDEX) ("Ideanomics" or the "Company"), a global AI-driven
management and financial services company acting as a catalyst for
transformative industries, is pleased to provide an update on our
latest operational business model.
Under this adjustment, the company's core operational areas are
now aligned with the market demand we are seeing for 2019, these
three "engines" are:
The Ideanomics AI Engine Group. Built upon our subsidiary
BBDCG, which we are re-branding as Intelligenta, we will be
launching an AI-powered database fine-tuned for the banking
and insurance industries to be available as both a PaaS and Saas
enterprise solution. We also anticipate an additional AI service
offering for non-financial services customers, through partnership
with a leading enterprise-grade AI solutions provider that is
currently in negotiations.
The Ideanomics Digital Banking Advisory Group covering 2
key areas of operations:
- Digital Renaissance Innovation Catalyst Programming Hubs
from 5 key global innovation centers such as our planned fintech
campus in West Hartford,
Connecticut, along with our planned cleantech/Greentech
campus in Kuala Lumpur, Malaysia
and other soon to be announced innovation centers in other global
locations. These global innovation centers will foster a pipeline
of technological excellence in cleantech, fintech, tradetech,
agritech, regtech, insuretech, playtech, healthtech, cyber
security, and more. As well as our external deal origination
efforts described below, we anticipate scaling these technologies
into profitable companies within each sector of expertise to the
point of IPO or Digital Security Offering for each respective
company. In the last 18 months, Ideanomics has formed more than 10
previous acquisitions, joint ventures, and partnerships, such as
our previously announced partnership with CVC which have helped
form the initial companies within these hubs.
- Global Asset-Backed Debt Exchange Ecosystem built on a
foundation of:
-
- Deal Origination, with a focus on asset-backed securities such
as Real Estate, Transportation Assets, and Consumption
Insurance
- AI-based Risk Management and Benchmarking for Fixed Income
offerings
- Banking Advisory Broker Dealers (in negotiations)
- Issuance / Custody / Trading through our investment in DBOT and
others in negotiations
- Market-leading Sales & Mandating
The Ideanomics Digital Asset Management Group provides
large-scale holders of assets and crypto currencies with either
asset-backed or benchmarked-value globally compliant digital
advisory and business development services that stabilize and grow
the value of their portfolios.
We expect to further advise the markets on our sales initiatives
during our 2018 year-end investor conference call on April 1, 2019. (See our announcement here).
About Ideanomics
Ideanomics harnesses the power of
Artificial Intelligence and Blockchain to empower your financial
decisions. Ideanomics, a global Fintech and AI catalyst for
transformative industries combines deal origination and enablement
with technology and applications as part of the next-generation of
financial services.
The company is headquartered in New
York, NY, and has offices in Beijing, China, with plans for global centers
for Technology and Innovation such as our primary fintech village
campus in West Hartford, CT.
Safe Harbor Statement
This press release contains
certain statements that may include "forward looking statements".
All statements other than statements of historical fact included
herein are "forward-looking statements." These forward-looking
statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions,
involve known and unknown risks and uncertainties, and include
statements regarding our intention to transition our business model
to become a next-generation financial technology company, our
business strategy and planned product offerings, our intention to
phase out our oil trading and consumer electronics businesses, and
potential future financial results. Although the Company believes
that the expectations reflected in such forward-looking statements
are reasonable, they do involve assumptions, risks and
uncertainties, and these expectations may prove to be incorrect.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of risks and uncertainties, such as risks related to: our
ability to continue as a going concern; our ability to raise
additional financing to meet our business requirements; the
transformation of our business model; fluctuations in our operating
results; strain to our personnel management, financial systems and
other resources as we grow our business; our ability to attract and
retain key employees and senior management; competitive pressure;
our international operations; and other risks and uncertainties
disclosed under the sections entitled "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our most recent Form 10-K and Form 10-Q
filed with the Securities and Exchange Commission, and similar
disclosures in subsequent reports filed with the SEC, which are
available on the SEC website at www.sec.gov.. All forward-looking
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these risk
factors. Other than as required under the securities laws, the
Company does not assume a duty to update these forward-looking
statements.
Investor Relations and Media Contact
Tony Sklar, VP of Communications at
Ideanomics
55 Broadway, 19th Floor New
York, New York 10006
Email: ir@ideanomics.com
www.ideanomics.com
Tel: +1.212.206.1216
View original content to download
multimedia:http://www.prnewswire.com/news-releases/ideanomics-provides-an-update-on-business-operations-to-align-with-2019-roadmap-300813127.html
SOURCE Ideanomics