Technology

INTEGRATED MEDIA TECHNOLOGY LIMITED ANNOUNCES MEMORANDUM OF UNDERSTANDING TO DEVELOP SOURCING CHANNEL OF HALAL PRODUCTS IN THAILAND

SYDNEY and NEW YORK, June 9, 2022 /PRNewswire/ — Built-in Media Expertise Restricted (NASDAQ: IMTE) (“IMTE” or the “Firm”), pronounces right this moment that the Firm’s subsidiary World Built-in Provide Ecosystem Sdn. Bhd. (“WISE”) has entered right into a memorandum of understanding with Central Islamic Council of Thailand (CICOT), the Halal Requirements Institute of Thailand and the Halal Science Middle Chulalongkorn College Thailand (collectively as “Thailand Companions”), to determine a strategic partnership to collaborate in Halal affairs together with establishing requirements, inspection, certification, Halal forensic science laboratory and analysis exchanges.

The Thailand Companions are to actively present and help WISE to acquire Halal merchandise in Thailand. The Thailand Companions are effectively positioned within the Thailand markets to establish Thai firms for collaboration in buying course of, high quality management, danger evaluation, and operation administration. As well as, the events will actively develop progressive on-line cooperation to advertise Halal merchandise by way of on-line platform occasions and commerce promotions, in addition to on organizing joint tutorial occasions similar to on-line coaching programs, conferences and seminars.  The events shall additionally share sources together with the use the identify and emblem of the Thailand Companions on advertising and marketing supplies and web sites as a “strategic accomplice”.

Mr. Xiaodong Zhang, IMTE’s CEO said, “Thailand is likely one of the world’s most vital meals producers with large manufacturing and export potential for Halal merchandise. We look ahead to working with these 3 esteemed organizations to develop Thailand as one among our key strategic sourcing channels. This MOU lays the inspiration for sourcing an array of Halal merchandise to our European distributors and can boosted our Halal enterprise in Southeast Asia and the world.”

About Central Islamic Council of Thailand (“CICOT”)

CICOT is the federal government physique answerable for the certification, monitoring, and supervision of Halal merchandise in Thailand, in addition to Islamic affairs for The Muslim folks of Thailand. The Kingdom of Thailand is an observer, represented by CICOT and the Halal Requirements Affiliation of Thailand (HSIT). The CICOT’s major actions and providers are authorities session, Halal product certification, Halal publicity and promotion by way of publications, radio, tv, web site, and so forth.

About Halal Requirements Institute of Thailand (“HSIT”)

The Halal Requirements Institute of Thailand, an unique authorized non secular group, is run by the Central Islamic Council of Thailand (CICOT).  The HSIT was based on August 11, 2003, to formulate and administer Islamic non secular affairs within the Kingdom of Thailand. The rules governing the group of the Islamic Act (“AOI Act”) had been introduced by Parliament and acquired royal assent on 17 October 1997. With funds assist from the Thai Authorities, the HSIT goals to handle Islamic affairs within the kingdom of Thailand, adjust to authorities insurance policies and promote the Thai meals trade because the kitchen of the world.

About Halal Science Middle Chulalongkorn College Thailand  (“Halal Science Middle”)

The Halal Science Middle is a community of educating heart and laboratory in Thailand devoted to sustaining Halal requirements. The Halal Science Middle presently has a collaboration with varied laboratories in varied establishments in Thailand, specializing in the technical analysis and improvement of Halal-related science and the verification of Halal merchandise and meals, as required by the sanctity of Islamic regulation. The Halal Science Middle additionally actively disseminates data about Halal merchandise to the general public by way of seminars.

About Built-in Media Expertise Restricted (“IMTE”)

IMTE is an Australian firm engaged within the enterprise of manufacture and sale of nano coated plates for filters, the manufacture and sale of digital glass, Halal certification and distribution of Halal merchandise, the working of an internet change platform for buying and selling in digital property and the availability of economic analysis. For extra data, please go to www.imtechltd.com.

About World Built-in Provide Ecosystem Sdn. Bhd. (“WISE”)

WISE is a Malaysia firm engaged within the enterprise of offering Halal certification to certified companies / operations, the institution of Halal merchandise provide chain, and sale of Halal merchandise

Secure Harbor Relating to Ahead-Trying Statements

This press launch incorporates forward-looking statements throughout the that means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Trade Act of 1934, together with these concerning IMTE’s expectations, intentions, methods, and beliefs pertaining to future occasions or future monetary efficiency. Precise occasions or outcomes could differ materially from these within the forward-looking statements due to varied vital elements, together with these described within the Firm’s most up-to-date filings with the SEC. IMTE assumes no obligation to replace publicly any such forward-looking statements, whether or not due to new data, future occasions or in any other case. For a extra full description of the dangers that would trigger our precise outcomes to differ from our present expectations, please see the part entitled “Threat Components” in IMTE’s annual reviews on Type 20-F and interim reviews on Type 6-Okay filed with the SEC, as such elements could be up to date from time to time in IMTE’s periodic filings with the SEC, that are accessible on the SEC’s web site and at http://www.imtechltd.com.

SOURCE Built-in Media Expertise Restricted

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