WHEATON, IL / ACCESSWIRE / October 14, 2021 / IDGlobal Corp. (OTC PINK:IDGC) is pleased to announce its subsidiary Noveda Technologies has a 383% increase in year over year revenue. Noveda's patented monitoring solution integrates consumption and generation data to provide actionable real-time intelligence for owners, operators, and users as well as utilities. Noveda's patented technology helps reduce energy and water usage, optimize performance of renewable energy systems, and reduce the carbon footprint for customers world-wide, across commercial/retail, industrial, government, education, and utility sectors.
The Company CFO, Sebastien C. DuFort stated "We are extremely excited about the continued success of increasing revenue along with the multiple upgrades we have made to the operating system in 2021. Our revamped platform to be a pure play Software as a Service (SaaS) provider, has paid off and we plan on the continued expansion of Noveda's footprint worldwide in 2022." "On another note, the company is focused on retiring at least 6 Billion common shares in Q4 2021 and have retired 1.2 Billion common shares thus far."
The company completed a strategic investment in Noveda Technologies in July 2019 and acquired a majority stake in Noveda Technologies as part of this strategic investment in October of 2019.
ABOUT NOVEDA
Noveda Technologies is an innovative leader in real-time, web-based energy and water monitoring. The company's patented software solutions help reduce energy and water usage, optimize performance of renewable energy systems, and reduce the carbon footprint for customers across commercial, retail, government, education, and utility sectors. Currently, headquartered in White Plains, New York.
IDGC's Plan of Operations.
IDGC is an emerging growth company under the JOBS Act of 2012 and, as a diversified holding company, will focus on emerging and middle-market international investment opportunities through its subsidiaries. IDGlobal Corp. is an organization engaged in the business of fostering early-stage companies through the different developmental phases until the companies have sufficient financial, human, and physical resources to function on their own.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Please read the full disclaimer at www.idglobalcorp.io.
CONTACT
Investor Relations: 855.464.2535, press 1.
SOURCE: ID Global Corporation
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