BOCA RATON, Fla., April 30, 2021 (GLOBE NEWSWIRE) — Puget Technologies, Inc. (“Puget”; OTC PINK: PUGE), a Nevada company topic to reporting pursuant to Sections 13 and 15(d) of the Securities Exchange Act of 1934, as amended, publicizes that the corporate’s Chief Technologies Officer (CTO), Victor Germán Quintero Toro has contributed proprietary software program to Puget, topic to retained royalty rights, designed to enhance the functioning of logistics in transportation and distribution programs. The methodology concerned is believed to be distinctive and topic to safety as commerce secrets and techniques, nevertheless, Puget could elect to strengthen such safety by way of patents within the close to future.
“The solutions currently available in the marketplace to manage distribution and transportation logistics are limited to just a few specifically customized applications. In contrast, Puget’s software can solve extremely complex problems for its end users by customizing the myriad of variables not currently included in out-of-the-box modular software. It does so in a seamlessly integrated environment without the need for additional capital expenditures. By data mining in big data environments with advanced artificial intelligence algorithms and other proprietary trade secrets, Puget’s newly acquired software is the only technology on the market today, in my opinion, that supports the majority of variables that affect these end users,” commented Mr. Quintero Toro.
“Designed specifically to seamlessly integrate functionality within the big data environments of existing distribution and transportation systems, the software does not replace existing technology. One of the main advantages of this solution is the optimization of company’s operations since this software complements and enhances existing platforms to deliver efficiencies, enabling cost reduction without the need for a significant capital outlay. I’m looking forward to commercializing this technology with Puget’s assistance,” Mr. Quintero Toro defined.
Mr. Quintero Toro’s previous expertise working to unravel related issues at Walmart distribution facilities around the globe contributed to the area experience wanted to provide you with such an progressive, built-in resolution.
The software program has already been beta examined within the public transportation system of the City of Manizales within the Republic of Colombia, the place it achieved a 30% discount in hydrocarbon emissions because of higher route administration. The beta check outcomes have been introduced on the Congreso Latino-Iberoamericano de Investigacion de Operaciones (CLAIO), and a abstract was printed within the publication Annals of Operations Research and within the Journal of Heuristics.
Puget intends to commercialize this expertise by way of licensing agreements, leveraging Puerto Rico as a springboard for rollout to Latin America and different components of the world. The transportation and distribution issues on the Island, aggravated by unlucky latest climate disasters, present a possibility for the expertise to make a big optimistic influence there. In addition, due to the substantial incentives supplied by the Puerto Rico Incentives Code (Law No. 60 of July 1, 2019), Puget believes that the Commonwealth of Puerto Rico can be a really perfect web site as a worldwide analysis and improvement heart, which can allow Puget to have an area presence because the staff works instantly with native enterprise and authorities leaders to enhance the Island’s infrastructure.
About Puget Technologies, Inc.
Puget Technologies, Inc. (pugettechnologies.com) aspires to evolve into an innovation-focused holding firm working by way of a bunch of subsidiaries and enterprise items that work collectively to empower ground-breaking corporations to achieve their subsequent stage of development. With a technique that mixes acquisitions, strategic funding methods, and operational assist, Puget intends to offer a one-stop store for rising corporations who want entry to each capital and development assets, whereas enabling Puget and its stockholders to generate synergies and derive revenue by way of pooled assets and shared targets. Puget’s present funding focus ranges from conventional industries like well being care which are ripe for enterprise mannequin innovation to new markets that try to unravel massive societal issues equivalent to local weather change. Publicly traded on the Pink Open Market underneath the ticker image “PUGE”, Puget is dedicated to delivering a aggressive return to traders.
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