INTEGRATED MEDIA TECHNOLOGY LIMITED ANNOUNCES MEMORANDUM OF UNDERSTANDING TO DEVELOP HALAL SUPPLY CHANNEL IN THAILAND
SYDNEY and NEW YORK, June 9, 2022 /PRNewswire/ — Integrated Media Technology Limited (NASDAQ: IMTE) (“IMTE” or the “Company”), today announces that the Company’s subsidiary, World Integrated Supply Ecosystem Sdn. Bhd. (“WISE”) has entered into a Memorandum of Understanding with the Islamic Central Council of Thailand (CICOT), the Halal Standards Institute of Thailand and the Halal Science Center Chulalongkorn University Thailand (together as “Thai Partners”), to establish a strategic partnership to collaborate in Halal affairs, including standard setting, inspection, certification, Halal forensic science laboratory and research exchanges.
Thai partners should actively provide and assist WISE in sourcing Halal products by Thailand. Thai partners are well placed in the Thailand markets to identify Thai companies for collaboration in the procurement process, quality control, risk assessment and operations management. In addition, the parties will actively develop innovative online cooperation to promote halal products through online platform events and business promotions, as well as organizing joint academic events such as online training, conferences and seminars. The parties will also share resources, including the use of the Thai partners’ name and logo on marketing materials and websites as a “strategic partner”.
Mr. Xiaodong ZhangIMTE CEO said: “Thailand is one of the largest food producers in the world with enormous potential for the production and export of Halal products. We look forward to working with these 3 esteemed organizations to develop Thailand as one of our main strategic supply channels. This MOU lays the foundation for supplying a range of halal products to our European distributors and will boost our halal business by South East Asia and the world.”
About the Islamic Central Council of Thailand (“CICO”)
CICOT is the government body responsible for the certification, control and supervision of Halal products in Thailandas well as Islamic affairs for the Muslim people of Thailand. the kingdom of Thailand is an observer, represented by CICOT and the Halal Standards Association of Thailand (HSIT). The main activities and services of CICOT are government consultation, Halal product certification, Halal advertising and promotion through publications, radio, television, website, etc.
About the Halal Standards Institute of Thailand (“HSIT”)
The Halal Standards Institute of Thailandan exclusively legal religious organization, is administered by the Central Islamic Council of Thailand (CICO). The HSIT was founded on August 11, 2003formulate and administer Islamic religious affairs in the Kingdom of Thailand. The Islamic Law Organization Regulations (“AOI Law”) were announced by Parliament and received Royal Assent on October 17, 1997. With budget support from the Thai government, the HSIT aims to manage Islamic affairs in the Kingdom of Thailandcomply with government policies and promote the Thai food industry as world cuisine.
About the Halal Science Center Chulalongkorn University Thailand (“Halal Science Center”)
Halal Science Center is a network of teaching centers and laboratories Thailand dedicated to maintaining Halal standards. The Halal Science Center currently has collaboration with various laboratories in various institutions of Thailandfocusing on technical research and development of Halal-related science and verification of Halal products and foods as required by the sanctity of Islamic law. The Halal Science Center also actively disseminates knowledge about Halal products to the public through seminars.
About Integrated Media Technology Limited (“IMTE”)
IMTE is an Australian company specializing in the manufacture and sale of nano-coated plates for filters, the manufacture and sale of electronic glass, Halal certification and the distribution of Halal products, the operation of an exchange platform in online for trading digital assets and providing financial research. For more information, please visit www.imtechltd.com.
About World Integrated Supply Ecosystem Sdn. Bhd. (“WISE”)
WISE is a Malaysia company engaged in the business of providing Halal certification to qualified businesses/operations, establishing a supply chain of Halal products and selling Halal products
Safe Harbor Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding the expectations, intentions, strategies and beliefs of IMTE regarding future events or future financial results. performance. Actual events or results may differ materially from those in the forward-looking statements due to a variety of important factors, including those described in the Company’s most recent filings with the SEC. IMTE undertakes no obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. For a more complete description of the risks that could cause our actual results to differ from our current expectations, please see the section titled “Risk Factors” in IMTE’s Annual Reports on Form 20-F and Interim Reports. on Form 6-K filed with the SEC, as such factors may be updated from time to time in IMTE’s periodic filings with the SEC, which are accessible on the SEC’s website and at http://www.imtechltd.com.
SOURCE Integrated Media Technology Limited