SYDNEY and NEW
YORK, April 19, 2022 /PRNewswire/
-- Integrated Media Technology Limited (NASDAQ: IMTE) ("IMTE"
or the "Company"), announces today that the Company's subsidiary
Ace Corporation Limited ("Ace") has received from our strategic
partner, IQI Media Inc, a number of licenses for original artworks
of Mandala Art, an intricate hand-painted craft that is translated
as 'sacred circle' in ancient Sanskrit. The distinctive geometric
patterns of drawings with professional therapists can help improve
concentration and ventilate inner emotions; academically this is
seen as a means of 'art therapy' for mental illness. Ouction's
development team will use artificial intelligence technology
(deep-learning, etc.) to enhance the quality and create the
quantity of unique multiple work production from the original
licensed Mandala works. This is an important strategic development
in AI-enhanced production of unique works.
Mandala in Hindu and Buddhist tantrism, a symbolic diagram used
in the performance of sacred rites and as an instrument of
meditation. The mandala is basically a representation of the
universe, a consecrated area that serves as a receptacle of the
gods and as a collection point of universal forces. A mandala is a
geometric configuration of symbols, generally represents the
spiritual journey, starting from outside to the inner core, through
layers. This would be a new line of AI assisted NFT that we would
create for our Ouction platform.
About Integrated Media Technology Limited ("IMTE")
IMTE is an Australian company engaged in the business of
manufacture and sale of nano coated plates for filters, the
manufacture and sale of electronic glass, Halal certification and
distribution of Halal products, the operating of an online exchange
platform for trading in digital assets and the provision of
financial research. For more information, please visit
www.imtechltd.com.
Safe Harbor Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, including those
regarding IMTE's expectations, intentions, strategies, and beliefs
pertaining to future events or future financial performance. Actual
events or results may differ materially from those in the
forward-looking statements because of various important factors,
including those described in the Company's most recent filings with
the SEC. IMTE assumes no obligation to update publicly any such
forward-looking statements, whether because of new information,
future events or otherwise. For a more complete description of the
risks that could cause our actual
results to differ from our current
expectations, please see the section
entitled "Risk Factors" in IMTE's annual
reports on Form 20-F and interim reports
on Form 6-K filed with the SEC, as such factors may be updated
from time to time in IMTE's periodic
filings with the SEC, which are accessible on the
SEC's website and at http://www.imtechltd.com.
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SOURCE Integrated Media Technology Limited