Noble Mineral Exploration Evaluates New Technology Areas
TORONTO, ONTARIO / TheNewswire / May 3, 2016- Noble Mineral Exploration Inc. (the "Company") (TSX-V: NOB) is announcing that it will be investigating technology-based initiatives in the consumer space, including high-speed short-range communications applications and the Internet of Things, with advice from the Company's new Board member, Dr. Samuel Peralta.
High-speed short-range communications include applications in optical wireless communications (OWC) such as free space optics and visible light communication. The Internet of Things (IOT) refers to networking of objects through the use of embedded sensors and other devices that can collect or transmit data about the objects, to optimize products, services, and operations.
Previously, the Board announced that it is working with Dr. Peralta to evaluate specific technology-based alternatives to the Company's current business, recommend a related strategy, and pursue to completion any related initiatives as directed by the Board. The announced area is related to recommendations made by Dr. Peralta.
"We are pleased to investigate applications in high-speed short-range communications as a potential new business area," said Mr. Vance White, Chairman and CEO of Noble. "The broad market applications could define a framework for a renewed company focus."
Dr. Peralta has extensive background in pivot situations, most notably in the context of Tandem Resources Ltd.'s acquisition of OPEL Inc., a primarily photovoltaics company, and its subsequent pivot into POET Technologies Inc., now a company providing advanced monolithic optoelectronic platform solutions to the semiconductor industry.
"I'm excited by the opportunity to apply advanced optoelectronics platforms and optical wireless communications in applications for the Internet of Things," said Dr. Peralta. "Moreover, I'm encouraged by the strong support of the Noble board in investigating this recommended technology area."
While direct applications for OWC are forecast to hit $10 billion range by 2020, some reports estimate that the impact of IOT on the global economy could be high as $6.2 trillion by 2025.
Noble will be assessing the market segmentation and opportunities in the defined technology space, with intent to deliver recommendations to shareholders as appropriate. It is Noble's current intention not to disclose specific developments with respect to the process, unless and until the Board has approved a course of action.
Market References:
http://www.marketsandmarkets.com/Market-Reports/visible-light-communication-market-946.html
http://www.mckinsey.com/industries/high-tech/our-insights/the-internet-of-things-sizing-up-the-opportunity
About Noble Mineral Exploration Inc.:
Noble Mineral Exploration Inc. is a Canadian based junior exploration company holding in excess of 70,641 hectares of mineral rights in the Timmins - Cochrane areas of Northern Ontario. The Company also holds a portfolio of diversified exploration projects at various stages of exploration Gold in the Wawa area of Northern Ontario, and Uranium in Northern Saskatchewan. More detailed information is available on the website at www.noblemineralexploration.com.
Cautionary Statement:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
The foregoing information may contain forward-looking statements relating to the future performance of Noble Mineral Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. Noble Mineral Exploration Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
Email: info@noblemineralexploration.com
Investor Relations
Email: ir@noblemineralexploration.com
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