TYMLEZ Stock Plunged On ASX Announcement Of A Partnership With EPI-USE Lab

December 20, 2018 02:47 PM AEDT | By Team Kalkine Media

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TYMLEZ Stock Plunged On ASX Announcement Of A Partnership With EPI-USE Lab

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As per ASX announcement on 19^th December 2018, Tymlez Group Limited (ASX:TYM) and EPI-USE Labs have signed a strategic partnership to provide enterprise blockchain solutions to its clients.

Â The partnership of EPI-USE Labs and TYMLEZ will enable an enterprise blockchain solution platform. The platform can be created using the secure cloud infrastructure and services team. This will be implemented across all 47 corporate offices.Â EPI-USE operates globally, in Europe, the Americas, UK, Australia, South Africa, the Middle East, and Turkey. It has more than 850 enterprise clients including Kelloggs, Siemens, and Rabobank.

Key highlights

TYMLEZ enterprise blockchain solution platform will be benefitted from the partnership by way of securing cloud infrastructure and services team across all global offices.
EPI-USE Labs is a global company with over 850 enterprise clients, across 47 countries around the world.
Targeting wide enterprise range from start-up to large corporations
BaaS subscription fees per user are set at $1,018 per month
The Rollout is expected by 1 January 2019

EPI-USE Labs will be offering Blockchain-as-a-Service (BaaS) platform to Tymlez so that it can provide businesses with a ready-to-use, low-cost blockchain subscription services. A spectrum of companies, from start-ups to large corporate organizations, will be able to benefit by using these services. BaaS subscription fees for each user will be $AUD 1,018 per month.

The Tymlez creates ready-made designs, with visual modelling, smart contract and integration capabilities for usage. These have been designed to increase the development of blockchain solutions. Various developers and start-up companies can use the blockchain platform to create enterprise-level blockchain applications.

Michael Reh, the CEO of TYMLEZ said that the company is delighted to make a partnership with EPI-USE. Reh insisted that the network of this partnership significantly increases the selling and implementation capacity and shows strong marketing of the companyâs products from the experienced channel partners. The partnership will help to understand the value of using blockchain technology thereby reducing the overall cost of the business. This allows the company to develop Proof of Concepts (POCs) and small testing projects and is an excellent channel for the TYMLEZ platform to achieve growth.

As per Ludi Nel, the CEO of EPI-LABS the company has selected Tymlez as the preferred Blockchain Platform so that Tymlez can assist in unlocking huge potential in large and smaller scales solutions in the enterprise market. By providing this platform to customers, the company will be able to support to bridge the gap the blockchain trend presents in recent times.

The companyâs stock is currently trading at $0.130 (down 3.6% as at December 20, 2018, 1:47 PM AEST). The market capitalization of Tymlez stands at 18.3 million.

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