BIGG Digital Assets Subsidiary Blockchain Intelligence Group and United States Federal Agency Extend $588K Contract
United States Federal Agency Exercises Third Year of Five-Year Contract with Blockchain Intelligence Group
Vancouver, BC, February 24, 2022--(T-Net)--BIGG Digital Assets Inc. (CSE: BIGG, OTC: BBKCF), owner of Blockchain Intelligence Group, a cryptocurrency compliance and forensics company, announced a contract extension for year three (of five) with a United States federal government agency bringing total contract value to CAD $588,462.
Blockchain Intelligence Group supplies forensic technology for cryptocurrencies to support investigations and training.
The agency name is withheld due to its critical national security mission.
Lance Morginn, President, Director & Co-Founder, BIGG Digital Assets Inc.
"Entering our third year demonstrates product-market fit and public sector agencies demand for premium crypto investigation technology," says Lance Morginn, President, Blockchain Intelligence Group. "This lasting partnership is a clear validation of all the hard work and advances in technology our team has made to date."
Blockchain Intelligence Group also signed contracts in the last two months with two US banks with contract values of CAD $96.5K.
QLUE (Qualitative Law Enforcement Unified Edge) enables law enforcement, regulators and government agencies to follow the transfer for value.
QLUE™ incorporates AI, search and data analytic algorithms to detect suspicious activity from cryptocurrency transactions. Investigators can quickly identify and track suspicious transactions to catch nefarious actors involved in terrorist financing, human trafficking, drug trafficking, weapons trafficking, child exploitation, corruption, bribery, money laundering, and other crimes.
Learn more about Blockchain Intelligence Group and QLUE™ at www.blockchaingroup.io.
Forward-Looking Statements
Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. [ MORE ]
Forward-Looking Statements
Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIGG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIGG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIGG's expectations include, consumer sentiment towards BIGG's products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIGG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIGG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
The CSE does not accept responsibility for the adequacy or accuracy of the content of this Press Release.
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