Toronto, Ontario--(Newsfile Corp. - February 21, 2024) - Blue Horizon Global Capital Corp. (CSE: BHCC) ("BHCC"), an investment company whose primary objective is to identify promising companies with excellent projects, innovative technologies, or both, is pleased to announce that 14125339 Canada Inc., through its tradename of H.C.E.T. Technologies ("HCET"), recently achieved a groundbreaking achievement in 4D chip testing and unmatched speed and efficiency in data transmission.
The ability of HCET to transmit data at exceptional speeds marks a significant advancement in connectivity. In light of this achievement, the company has unveiled a revolutionary telecommunication network prototype, leveraging its 4D chip technology. This prototype, a miniature virtual tower, replaces traditional satellite and cell towers, providing internet and telecommunication services to multiple handheld devices in an area. Additionally, this miniature tower comes at a fraction of the cost of a traditional cell tower, making it a cost-effective solution for expanding connectivity. By combining drones with virtual towers, it is easy to provide internet service during natural disaster relief operations.
As HCET continues to innovate, it remains committed to developing cutting-edge solutions for individuals and businesses in an increasingly connected world. For more information, visit hcet.ca or contact director.cto@hcet.ca.
Currently, BHCC is the registered and beneficial owner of 20% of the issued and outstanding securities in the capital of HCET. BHCC intends to retain a third party to evaluate HCET. Based on the valuation of HCET, BHCC will review and evaluate several options with respect to its investment, including but not limited to, (i) increasing its ownership interest in HCET, (ii) selling its interest in HCET to a third party or (iii) assisting HCET in completing a going public transaction.
BHCC has not made any decisions at this time with respect to its investment in HCET. There can be no assurance that the review process will result in any changes in its investment.
About Blue Horizon
Blue Horizon is an investment company whose primary objective is to identify promising companies with excellent projects, innovative technologies or both, using management's extensive experience in deal sourcing and capital combination to maximize returns for its shareholders. Blue Horizon will invest its funds with the aim of generating returns from capital appreciation and investment income. It intends to accomplish these goals through the identification of and investment in securities of private and publicly listed entities across a wide range of sectors and industry areas, including but not limited to the technology, software development and biotechnology industries.
Corporation Contact:
Philip Wong
Chief Executive Officer
Email: info@precious-investment-group.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider have reviewed or accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement
This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Blue Horizon's current belief or assumptions as to the outcome and timing of such future events. Forward looking information in this press release includes information with respect to the proposed Offering, including the amount of proceeds expected to be raised, the timing for closing, the receipt of required regulatory approvals and the intended use of proceeds. Forward-looking information is based on reasonable assumptions that have been made by Blue Horizon at the date of the information and is subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking information. Given these risks, uncertainties and assumptions, you should not unduly rely on these forward-looking statements. The forward-looking information contained in this press release is made as of the date hereof, and Blue Horizon is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The foregoing statements expressly qualify any forward-looking information contained herein. Factors that may cause actual results to differ materially from those anticipated by these forward looking statements include: the risk that the Company may not be able to raise the proceeds required to complete the Offering; the failure of the Company to effectively obtain the approval of the Canadian Securities Exchange for the Offering; the inability of the Company to satisfy all conditions to the completion of the Offering and the risk of unforeseen delays in the completion of the Offering, if at all, whether as a result of market conditions or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/198693
SOURCE: Blue Horizon Global Capital Corp.
