AP NEWS

XYO Network Partners with SMK, Leading Japanese OEM and World’s Top Remote Control, Touch Panel and Interconnect Technologies Device Manufacturer

January 9, 2019

SAN DIEGO--(BUSINESS WIRE)--Jan 9, 2019--XYO Network, the technology bringing blockchain to the real world, announces its partnership with leading global component design and manufacturing partner SMK. The partnership delivers significant business and process efficiencies while maintaining high product quality and delivery of the latest innovations from the groundbreaking XYO team.

SMK designs and creates the latest XY4 location-based Findable beacons, which form the backbone of the XYO Network. While the consumer-focused findables business will continue forward, the XYO Network team has driven a number of impactful technological innovations over the past few months, with the beacons serving a key role. Among those top developments are the launch of the end-to-end, blockchain-based network launch with Sentinel (beacon), Bridge, Archivist and Diviner components. Not tied to a single blockchain protocol, the XYO Network takes advantage of new developments in blockchain and cryptographic technology, comprising a future-ready and truly platform-agnostic oracle.

SMK is a proven supplier and global leader with more than 80 years of manufacturing experience. The company has ISO-certified factories throughout the globe with a myriad of production capabilities to manufacture electronic components, sub-assemblies, touch panels, and modules with functional and system testing. SMK’s team of electrical, manufacturing, and test engineers are constantly improving the company’s ability to build high quality, reliable, and cost effective products. XYO makes use of SMK’s nearby Tijuana, Mexico-based manufacturing facilities.

“Our ongoing partnership with XY and the XYO team is a very positive one, based on mutual admiration,” said Paul Evans, President, SMK Electronics Corporation. “We appreciate the bold strokes and emerging impact this new leader has already made in many industries, and look forward to being a key part of their continued success as a company.”

“We’re glad to be partnered with SMK on the design and manufacturing fronts as we build out our products, and our blockchain-based location verification solution,” noted XYO Network co-founder Markus Levin. “We’ve come to rely on our ongoing relationship with SMK to deliver the necessary products in a timely manner and with high quality to effectively support our consumer and enterprise technology, which will increasingly serve as an important validation layer and bridge between realities.”

SMK Electronics Corporation and XYO will be showcasing their partnership at CES 2019 in Las Vegas in the following locations: LVCC, South Hall 1 - 21463 Sands; Halls A-D - 41518 (Smart Home Marketplace).

About SMK Electronics

SMK Electronics Corporation U.S.A., the U.S. division of SMK Corporation, is a world leader in the design and manufacture of OEM remote controls and electronic components. With local Research & Development and Manufacturing facilities, SMK Electronics is uniquely positioned to provide consumer electronics industry with the most advanced, robust, cost-effective solutions available. Learn more at http://www.smkusa.com/.

About XYO Network

XYO Network is an effort to create a vast, geospatial, blockchain-powered location network currently under development with the goal to provide accurate, certainty-driven location data on everything from cars to smartphones. By combining location beacons with IoT and mobile devices, the XYO Network ecosystem plans to deliver the verified coordinates and data needed to execute smart contracts, run smart cities, foster financial transactions, and power a legion of location-centric applications. For more information, please visit https://xyo.network.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190109005179/en/

CONTACT: SMK Electronics

Keith M. Roberts

+1(805) 312-5546

Larry Smalheiser

XYO Network

Head of Communications

larry@xyo.network

KEYWORD: UNITED STATES ASIA PACIFIC NORTH AMERICA CALIFORNIA NEVADA JAPAN

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE NETWORKS SOFTWARE

SOURCE: XYO Network

Copyright Business Wire 2019.

PUB: 01/09/2019 09:00 AM/DISC: 01/09/2019 09:01 AM

http://www.businesswire.com/news/home/20190109005179/en

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