GREAT NECK, N.Y., March 21, 2022 /PRNewswire/ -- Singularity
Future Technology Ltd. (the "Company") (NASDAQ: SGLY) announced it
is expanding into a new Internet Data Center (IDC) facility in
Cedar Knolls, New Jersey. The
Company will join other leading companies at the 300,000 square
foot facility.
Chief Executive Officer, Mr. Yang "Leo" Jie, commented, "This is
another important step in Singularity Future Technology's ongoing
strategy to accelerate our multi-year growth and profitability. We
believe there is a highly attractive greenfield opportunity to
leverage our technology expertise, customers and healthy financial
position to become a dominant distributed storage service provider
in North America. We plan to
invest in this effort over the coming years as we layer on another
growth vector of our growing cryptocurrency and blockchain-related
businesses."
The new location will serve as the anchor for Singularity Future
Technology's planned new distributed storage center business, with
responsibility for the daily operation and maintenance of the data
center, with secure remote data monitoring. New Jersey was selected after a thorough
evaluation due to its business-friendly environment and climate,
strong cultural atmosphere, and pool of highly qualified employees
from both respected universities and leading scientific research
institutions. New Jersey's
adjacency to New York, and the
facility's ability to accommodate commercial expansion all combined
to make it an ideal location to serve as the foundation for
building a large-scale data storage center.
The new IDC facility address is:
Singularity Future Technology Ltd.
9 Wing Drive
Cedar Knolls, NJ 07927
Phone: +1-718-888-1814
About Singularity Future Technology Ltd.(NASDAQ:
SGLY)
On January of 2021, the Company changed its name from
Sino-Global Shipping America, Ltd. to Singularity Future Technology
Ltd. (NASDAQ: SGLY). Since 2020, it has been developing a presence
in the revolutionized Blockchain supply management area by focusing
on innovative solutions for globally interconnected networks and
establishing state-of-the-art crypto mining pools. As the
Blockchain landscape constantly shifts, the Company strives to
provide frictionless involvement and a growth-enabling ecosystem
for its clients in this ever-changing space. The Company is
building on its long track record of success as a global logistics
and ship management services company, founded in 2001 in
New York, with subsidiaries in
New York, Huston, Montreal, Hong
Kong, Shanghai, and
Ningbo, China. The Company has
provided customers throughout the world with all of their shipping
logistics and agency needs as a full-service provider. Additional
information about the Company can be found on the Company's
corporate website at www.sino-global.net.
Forward-Looking Statements
Certain statements made herein are "forward-looking statements"
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include SGLY's
estimated and future results of operations, business strategies,
competitive position, industry environment and potential growth
opportunities. In addition, there is uncertainty about the spread
of the COVID-19 virus and the impact it will have on SGLY's
operations, the demand for SGLY's products and services, global
supply chains and economic activity in general. Moreover, the value
of cryptocurrencies may fluctuate significantly over time, and the
success of the JV and its products are not assured. These
forward-looking statements reflect the current analysis of existing
information and are subject to various risks and uncertainties. As
a result, caution must be exercised in relying on forward-looking
statements. Due to known and unknown risks, our actual results may
differ materially from our expectations or projections. All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
Additional information concerning these and other factors that
may impact our expectations and projections will be found in our
periodic filings with the SEC, including our Annual Report on Form
10-K for the fiscal year ended June 30,
2021. SGLY's SEC filings are available publicly on the SEC's
website at www.sec.gov. SGLY disclaims any obligation to update the
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE Singularity Future Technology Ltd.