Great Neck, New YorkAnd the March 21, 2022 /PRNewswire/ – Singularity Future Technology Ltd. (“The Company”) (NASDAQ: SGLY) is expanding its new Internet Data Center (IDC) in Cedar Knowles, New Jersey. The company will join other leading companies in the 300,000-square-foot facility.
CEO, Mr. Yang “Liu” Jie commented, “This is another important step in Singularity Future Technology’s ongoing strategy to accelerate our growth and profitability for several years. We believe there is a very attractive new opportunity to leverage our technology expertise, clients and healthy financial position to become a warehousing service provider.” Dominant distributor in North America. We plan to invest in this effort over the coming years as we put another layer on another growth vector for our crypto and blockchain related businesses.”
The new location will serve as an anchor for Singularity Future Technology’s planned new distributed storage center business, with responsibility for the day-to-day operation and maintenance of the data center, with secure remote data monitoring. New Jersey It was selected after a comprehensive evaluation due to the environment and favorable business climate, strong cultural atmosphere, and the pool of highly qualified personnel from both the most prestigious universities and leading scientific research institutions. New Jersey Neighborhood for New Yorkand the facility’s ability to accommodate commercial expansion together make it an ideal location to serve as the basis for building a large scale data storage center.
The address of the new IDC facility is:
Singularity Future Technology Ltd.
9 wing drive
Cedar Knowles, New Jersey 07927
About Singularity Future Technology Ltd. (NASDAQ: SGLY)
In January of 2021, the company changed its name from Sino-Global Shipping America, Ltd. To Singularity Future Technology Ltd. (NASDAQ: SGLY). Since 2020, it has been developing its presence in the revolutionary blockchain supply management space by focusing on innovative solutions for globally interconnected networks and creating state-of-the-art crypto mining pools. With the Blockchain landscape constantly transforming, the company strives to provide frictionless participation and an ecosystem that empowers its customers in this ever-changing space. The company builds on its long track record of success as a global logistics and ship management company, founded in 2001 in New Yorkwith subsidiaries in New YorkHouston MontrealAnd the Hong KongAnd the ShanghaiAnd the Ningbo, China. The company has provided customers worldwide with all their freight and agency logistics needs as a full service provider. Additional information about the company can be found on the company’s website at www.sino-global.net.
Some of the statements made here are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified using words such as “expect,” “believe,” “expect,” “estimate,” Planning”, “forecasting”, “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include the estimated and future results of operations, business strategies, competitive position, industry environment, and potential growth opportunities for SGLY. In addition, there is uncertainty about the spread of the COVID-19 virus and its impact on SGLY’s operations, demand for SGLY’s products and services, global supply chains, and overall economic activity. Moreover, the value of cryptocurrencies may fluctuate significantly over time, and the success of the joint venture and its products will not be guaranteed. These forward-looking statements reflect current analysis of existing information and are subject to various risks and uncertainties. As a result, caution should be exercised when relying on forward-looking statements. Because of known and unknown risks, our actual results could differ materially from our expectations or expectations. All forward-looking statements attributable to the Company or persons acting on its behalf expressly qualify in their entirety under these factors. Other than as required by securities laws, the Company has no duty to update these forward-looking statements.
Additional information regarding these and other factors that may affect our expectations and expectations will be found in our periodic filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the ending fiscal year. June 30, 2021. SGLY’s SEC filings are publicly available on the SEC’s website at www.sec.gov. SGLY disclaims any obligation to update forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Singularity Future Technology Ltd.