PRESS RELEASE. ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZKIN”, “ZK International” or the “Company”), a designer, engineer, manufacturer and supplier of patented high performance stainless steel and carbon steel tubing products primarily used for water and gas utilities, today announced that xSigma Corporation, a wholly owned subsidiary of the company, has been appointed Jesse Brauner as a senior engineer. Mr. Brauner comes to xSigma with nearly a decade of experience in various technical roles in finance, commerce, digital payments and cryptocurrencies.
Before joining xSigma, Mr. Brauner was a Senior Software Engineer at Ripple Labs, the parent company of XRP, where he played a key role in scaling the on-demand liquidity product from the proof-of-concept to a platform that accommodates multiple Fiat Currencies and processing supported $ 500 million in XRP payments per month. Mr. Brauner’s career includes experience with top financial companies such as SoFi, Abel Noser Solutions and JPMorgan Chase. He holds a BSE degree in Industrial and Operations Engineering from the University of Michigan.
xSigma has recruited some of the brightest people on the blockchain to help advance development of its DeFi protocol, which is slated to roll out in early 2021. The xSigma team currently includes Alex Lebed, an engineer who previously worked at Facebook, Amazon, and 1inch. Kamal Obadd, op Harvard A graduate and former Google engineer, is on the team alongside the former Ripple and Google engineer Daniel Garay. Together, these professionals launch one of the first DeFi protocols supported by a publicly traded company. ZK International is traded on NASDAQ (Nasdaq: ZKIN) and is a reporting firm with the US Securities and Exchange Commission. These associations bring a new level of legitimacy and transparency to the DeFi sector.
2021 is expected to be an exciting year for the DeFi sector, as Dr. Iwa Salami, Lecturer in Financial Law and Regulation at the University of East London, stated at Fork that “DeFi is likely to continue growing over the next 12 months for the following reasons: DeFi has the potential to facilitate financial inclusion by providing access to financial products for the world’s 1.7 billion unbanked people opens as it is only possible over anyone who gets a loan ”. xSigma is building a world-class team to provide traders and liquidity providers with an innovative, easy-to-use ecosystem.
“We are very excited to add Jesse to the xSigma family and we believe that his background in financial software development combined with his hands-on experience at one of the world’s largest cryptocurrency companies will help xSigma build the most trusted decentralized products in the market today “Said mr Jiancong Huang, Chairman and Chief Executive Officer of ZK International.
About ZK International Group Co., Ltd.
ZK International Group Co., Ltd. is a China-based designer, engineer, manufacturer and supplier of patented high performance stainless steel and carbon steel pipe products that require sophisticated water or gas piping systems. The company owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards. ZK International is preparing to benefit from the Chinese government’s $ 850 billion pledge to improve water quality, 70% of which is 70% unsuitable for human contact in its current state of supply. ZK International is a certified quality management system (ISO9001), certified environmental management system (ISO1401) and a national licensee for the production of industrial stainless steel, focusing on the supply of steel pipes for the multi-billion dollar gas and water sector. ZK has supplied stainless steel pipelines for over 2,000 projects, including the Beijing National Airport, the “Water Cube” and the “Bird’s Nest”, which hosted the 2008 Olympic Games in Beijing. ZK International values the superior properties and durability of its steel pipes and offers a solution for the delivery of high quality, highly sustainable and environmentally friendly drinking water not only to the Chinese market, but also to international markets such as Europe, East Asia and Southeast Asia.
More information is available at www.ZKInternationalGroup.com. You can also follow the company on Twitter, Facebook, YouTube and Weibo. For more information on the company’s SEC filings, please visit www.sec.gov.
About XSigma Corporation
XSigma Corporation is a wholly-owned subsidiary of ZK International Group Co., Ltd. Together with ZK International, she started xSigma as a research and development laboratory in 2018 to solve real infrastructure problems. The mandate was to explore new opportunities for smart contracts, supply chain management and other blockchain-based solutions. XSigma has since turned to decentralized finance, focusing on decentralized exchanges, stable coins, and credit protocols. The research laboratory is now actively working on its ecosystem of products, starting with the DeFi protocol. The ultimate goal is to develop a range of financial instruments and products for the thriving decentralized financial industry. The xSigma team that is being assembled is a leader in blockchain research and development, which connects decentralized finance, supply chain management, IoT and infrastructure. The DeFi protocol is one of many decentralized finance projects that xSigma would like to start in the next 12 months. It will feed into a growing network of DeFi products for corporate and consumer markets. Every blockchain protocol is subject to some risk. XSigma’s DeFi protocol has implemented tamper-proof programming but is still exposed to potential hacking actions. For more information on xSigma, see the website at www.xsigma. ” www.xsigma.com and www.xsigma.fi
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and within the meaning of the US Private Securities Litigation Reform Act of 1995. Without the general public To limit the foregoing, words such as “may”, “will”, “expect”, “believe”, “anticipate”, “intend”, “could”, “estimate” or “continue” or the negative or other deviations from or Comparable terminology is intended to identify forward-looking statements. In addition, all statements that relate to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not a guarantee of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond the control of ZK International. Actual results could differ from those projected in the forward-looking statements due to risks, uncertainties and other risk factors contained in the company’s filings with the United States Securities and Exchange Commission. Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, one of the assumptions could prove to be inaccurate and therefore no guarantee can be given that the results contained in any forward-looking statements will be implemented. Given the significant uncertainties associated with the forward-looking information contained herein, the inclusion of such information should not be taken as an assurance by ZK International or any other person that its goals or plans will be achieved. ZK International assumes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date of this document or the occurrence of unexpected events.
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