WEST HARTFORD, Conn.,
Oct. 10, 2018 /PRNewswire/ -- Ideanomics (formerly: Seven
Stars Cloud Group, Inc.) (NASDAQ: SSC) ("Ideanomics" or the
"Company"), a leading global fintech and asset digitization
services company which is establishing its global innovation center
in West Hartford, is pleased to
announce it has closed on its purchase of the 58-acre former
University of Connecticut campus
in West Hartford from the
State of Connecticut. Ideanomics
plans to transform the property into a world-renowned technology
campus named Fintech Village. The planned
$283 million-plus investment will
focus on being an ultra high-speed computing facility and
laboratory for developing new and leading edge Fintech solutions
utilizing artificial intelligence, deep learning, IoT, and
blockchain.
"We intend to expand upon the original campus' dedication to
excellence by enhancing the efforts to educate, create the ultimate
in learning and R&D environments, and by building out the
campus to attract top tier academic talent, companies,
entrepreneurs, and innovators from around the world. Our Fintech
Village technology campus will stimulate the highest innovation by
boasting the finest in urban design, sustainable and green
technologies, and improvements to community connectivity factors
such as trails for walking, biking, and enriched urban flow," said
Dr. Bruno Wu, co-CEO and Chairman of
Ideanomics. "We are excited to be in a town that recently was named
by Money Magazine as one of the 50 Best Communities in the Country,
and we know that our Fintech Village will continue to enhance the
image of West Hartford as a unique
and vibrant community."
Governor Dannel P. Malloy said,
"The greater Hartford region is
emerging as a hub for high-tech and innovation industries.
With our best-in-the-nation workforce, we are prepared to
help these companies thrive and grow. A commitment by a
company like Ideanomics to establish their global headquarters for
technology and innovation here in our state makes Connecticut an even more attractive place to
live and work and will have an impact far beyond this one location
in West Hartford. We welcome Ideanomics to our state and wish
them many years of success and growth."
Now that the $5.2 million purchase
has been formally closed with the State
of Connecticut and UConn,
Fintech Village will begin its plans to bring 330 new jobs to the
town, and will endeavor to achieve LEED Gold certification from the
U.S. Green Building Council by investing in new and environmentally
efficient technologies. Ideanomics is excited to expand its
partnerships with state, local and overseas universities, research
institutes and large enterprises to establish a number of research
hubs on the premises.
"It is fitting that the UConn West Hartford campus, which housed
a renowned institution of higher education for decades, will soon
become a world-class technology hub. It's also an ideal complement
to UConn's efforts to cultivate and
promote lasting jobs and economic development in our state," said
Scott Jordan, UConn's Executive Vice President for Administration
and Chief Financial Officer. "We look forward to working with
Ideanomics on the transition of this property as its exciting
vision for the site becomes reality."
The company previously announced it had hired Newman Architects,
an award-winning Connecticut-based
architecture firm with extensive experience in West Hartford, including renovations to Hall
and Conard high schools, to plan and design Fintech Village. For
over 50 years, the firm has specialized in working, living and
learning projects on campuses and in towns and cities nationally.
Lead Architect and Newman Architects principal, A. Brooks Fischer is a well-known West Hartford resident.
Ideanomics is working closely with West Hartford on the development of Fintech
Village, and will design and build the property in a way that is
sensitive to the surrounding community and the environment.
About Ideanomics
Ideanomics provides
Platform-as-a-Service (PaaS) solutions with strong multi-layer
fintech technologies leveraging blockchain and artificial
intelligence. Our technology and infrastructure uses blockchain and
smart contract for security token issuance and trading, artificial
intelligence to provide a system for asset rating and
recommendation services, and in-house and partner service providers
for digital asset securitization. Ideanomics will monetize and
leverage distribution through its communities and direct sales
channels, through its AI assisted lending and automated sales
systems, and asset securitization with a concerted focus on
regulatory compliance. Our goal is to drive capital formation and
sales across our digital asset ecosystems through decentralized
product origination and centralized issuance and trading.
With headquarters in New York,
NY and its planned "Fintech Village" center for Technology
and Innovation in West Hartford,
CT, and offices in London,
Hong Kong, Beijing, and Shanghai, China.
Ideanomics continues to drive growth and deal flow in its core
product areas:
1) Fixed Income-based Digital Assets [Chinese National Electric
Bus Financing Agreement, First Auto Loan Financing Agreement, IHT-
Real Estate JV] [HooXi - MedTech]
2) Consumer Tech Digital Asset [Grapevine acquisition] [MedTech –
HooXi]
3) Commodity and Energy Digital Assets [BBD Digital Capital Group]
[Clean Tech HooXi]
4) TradeTech Digital Assets [Asia-Pacific Model Electronic Port
Network (APMEN) JV]
5) GreenTech Assets [HooXi]
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. 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
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (http://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 factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
Media Contacts
Ideanomics
Email: pr@sevenstarscloud.io
IR Contacts
Federico Tovar, CFO at
Ideanomics
Tony Sklar, VP of Communications at
Ideanomics
Email: ir@sevenstarscloud.com
Agency of record
Dan Tapper or Gene Sheehan
Sullivan & LeShane Public Relations, Inc.
860-560-0001
(Office)
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SOURCE Ideanomics