UCT Foundation Official Announcement
In December 2019, UCT Foundation officially announced:
HyperTech Group formally acquired the UCT Foundation, while injecting tens of millions of dollars in capital. UCT Foundation appointed Bob L as the chairman. He will bring in a new management team, strengthening the business model, and gradually bringing the foundation to a higher level.
Sam Lee, Chairman of HyperTech Group said that Hyper Group is a comprehensive and diversified blockchain technology service group, and it is committed to promoting the development of global blockchain technology and the ecological landing of the blockchain industry, aiming “break through technology and empower the future”
This acquisition is based on the effective development of the UCT project in the past two years in close cooperation with a third-party technology company in Australia. HyperTech Group is dedicated to promote UCT project to be a globally-known IoT, Blockchain, 5G, AI and Big data’s top public chain system.
Bob L, New Chairman of the UCT Foundation, said that the UCT Foundation will continue to pay attention to the application and implementation of blockchain technology, and apply the products that have been developed to cold chain logistics, product traceability, remote supervision, copyright protection,and other industries. So far the former UCT Foundation members John, Ben and Victor all quitted the positions. Once again Bob L appreciated the three for their early contributions to the UCT Foundation.