SINGAPORE, Oct. 18, 2024 (GLOBE NEWSWIRE) — Orangekloud Technology Inc. (NASDAQ: ORKT) (“Orangekloud” or the “Company”) is a Singapore-based company that provides the eMOBIQ® no-code platform for development. A technology company that does Today we announced the signing of an investment agreement with Evvo Labs Pte. Ltd., a mobile application and SaaS subscription-based ISV solutions company. Ltd. (“Evvo Labs”) is a well-established, award-winning cybersecurity company located in Singapore.
Investment and cooperation highlights:
Orangekloud will invest S$1,000,000 (approximately $761,000) for a 3.23% stake in Evvo Labs. This strategic partnership will enable OrangeKloud to leverage Evvo Labs’ cybersecurity capabilities to enhance ORKT’s digital transformation solution offering and benefit its end-user enterprise customers. Orangekloud’s investment will help Evvo Labs strengthen its products and expand its market into Singapore and Vietnam.
Orangekloud and Evvo Labs expect this strategic agreement to create “positive synergies” that will allow both parties to strengthen their competitiveness in their respective product markets and accelerate the development of additional products and services. He said that
Orangekloud CEO Alex Goh said: “We look forward to the new investment and collaboration with Evvo Labs.” “This strategic investment will allow Orangekloud to not only better serve and protect enterprise end users, but also create new product revenue streams. We believe we can.”
About Orangecloud Technology Inc.
Orangekloud Technology Inc. (Nasdaq: ORKT) is a Singapore-based technology company offering the eMOBIQ® no-code platform for developing mobile applications specifically designed for small and medium-sized enterprises (SMEs) and enterprises. . The eMOBIQ® mobile application suite is designed to digitize and streamline business processes such as warehousing, sales ordering, shipping, and manufacturing. eMOBIQ® customers are in a variety of industries, including food manufacturing and food service, precision engineering, construction, retail, energy, and warehousing.
About Evvo Labs
Evvo Labs Pte. Ltd. is an established cybersecurity company in Singapore with over 13 years of experience in serving and protecting the business and operations of governments, multinationals and enterprises. The company has been a winner of Singapore government cybersecurity bulk tenders for the past 10 years and excels in providing WAF, DDOS and DAM solutions to many Singapore government agencies and other business sectors. We have an in-house Security Operations Center (“SOC”) that provides comprehensive managed security and professional services to our partners and clients.
Forward-looking statements
Certain statements contained in this press release regarding future expectations, plans and prospects and other statements regarding matters that are not historical facts constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. There is a possibility that These statements include, without limitation, statements regarding the expected commencement and termination dates of transactions. “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “could” Words such as “should,” “anticipate,” “plan,” “should,” “target,” “will,” “will” and similar expressions identify forward-looking statements. However, not all forward-looking statements contain these identifiable words. Actual results may vary as a result of various important factors, including uncertainties related to market conditions, the expected terms or the completion of the offering at all, and other factors described herein. Results may differ materially from those expressed in the description. The “Risk Factors” section of the preliminary prospectus filed with the SEC. For these reasons, investors are cautioned not to place undue reliance on the forward-looking statements contained in this press release. The forward-looking statements contained in this press release speak only as of the date of this press release and OrangeKloud Technology Inc. We specifically disclaim any obligation to update any forward-looking statements. Required by law.
contact address
OrangeKloud Technology Inc. IR Contact:
1 Yishun Industrial Street 1 #04-27/28 & 34 A’Posh Bizhub
Singapore 768160
(+65) 6317 2050
Email: ir@orangekloud.com
Inquiries regarding investor information:
Skyline Corporate Communication Group LLC
President Scott Powell
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com
