Intelligenta dating service

A Dating Service for Intelligent People. Monday, April 28 2008 @ 02:34 pm; Contributed by: Editor; Views: 3,831; There have been a bunch of posts about the new dating service IntelligentPeople.com. The twist here is you must take and pass an IQ test before you can join the website. IntelligentPeople.com is designed for singles who score in the ... If it isn't 100% clear yet, Intellectual Passions has been designed specifically for the Intellectuals community. While Intellectual Passions is part of a much (much) larger network of niche dating sites, it is a stand-alone Intellectuals Dating Site and members CHOOSE to join this site. Dating can be a marathon, so take a shortcut by going on 3 dates in 9 minutes. In the time it takes to order a drink on one date, you’ll be matched with 3 users in your area that match your preferences. As sparks typically fly in just moments, these mini-dates save users time and energy--all from the comfort of your couch. About Ivory Towers. Ivory Towers is the leading online dating site and matchmaking service for single graduates in the UK and Ireland. Since we started in 2004, thousands of postgrads from Oxbridge and beyond have found love, friendship and marriage through Ivory Towers. Best dating for intelligent people. Meet people who are right for you. Take our free IQ test and personality test and find your perfect match. In fact, I suspect less than half, because this site is also a dating service. Its founder, Danish lawyer Trine Jensen, explains: 'I believe that intelligent people communicate better with other ... Online Dating with EliteSingles. High Success Rate. Thousands of singles find love through our dating sites each month. Register today to find that special someone on EliteSingles. Intelligent Matchmaking. We continuously fine-tune our matchmaking algorithm to deliver the most relevant and active singles based on your preferences. Intelligent net's biggest Jewish dating service, JDate, has been around for nearly 20 years. Following its redesign in , it is now a more streamlined service. We urge you to turn off your ad blocker for The Telegraph website so that you can continue to browse our quality content in the future. Visit our adblocking instructions page. In an article published by 303 Magazine on April 4, Teman explains how his dating app hybrid works. His app, AIMM, is essentially Siri meets matchmaker. The app launched back in 2017 and has taken all of the techniques of dating apps, matchmakers, speed dating, and dating services to create a dating service hybrid. The following dating challenges seem to be common to most smart people. In fact, the smarter you are, the more clueless you will be, and the more problems you're going to have in your dating life. Once upon a day I used to be pretty smart, and believe me, I had a lock on clueless.

Ideanomics (IDEX) Provides Update

2020.03.10 15:17 SureSpeech5 Ideanomics (IDEX) Provides Update

Ideanomics ($IDEX) Provides Update on MEG Activities, Including Coronavirus Impact
- Update covers all MEG-related announcements to date - Details progress in all key operational and revenue-generating areas - Provides transparency as China recovers from Coronavirus impact
NEW YORK, March 10, 2020 /PRNewswire/ -- Ideanomics, (NASDAQ: IDEX) ("Ideanomics" or the "Company"), has today announced a detailed update to its Mobile Energy Global ("MEG") activities, including the impact of the Coronavirus on its Q1 activities.
In general, Chinese companies returned to work at the start of March with most major commercial activities slowly getting back to normal. MEG's partners have been impacted to varying degrees and recent conversations have shown there is a resolute effort being made to recover quickly from the effects of the outbreak. Currently, there are no details available for any government stimulus programs to help the Chinese economy recover from the shutdown, so we are unable to determine what participation opportunities, if any, may be available to Ideanomics and MEG.
A: Financing / Funding for Fleet Purchasing
In September 2018, Ideanomics announced its agreement with First Auto Loan, regarding lease financing and ABS products with a target of raising $6 Billion to fund the lease financing of ride-share vehicles and other types of app-requested taxis. This agreement is currently in progress and will benefit from the capital sourcing referenced below.
In November and December of 2019, Ideanomics and MEG announced the creation of multiple funds in association with Dasheng Licheng Lease Financing, with Ideanomics bringing in several high-profile insurance companies to provide large-scale funds to support EV lease financing programs. The final province-level registrations were underway when the outbreak occurred and are now back underway. The impact on bringing these funds to market will now extend into Q2 but should otherwise remain unaffected.
In November of 2019, Ideanomics and MEG announced an agreement with China's Yunnan province which included lease financing for the heavy truck segment, with backing by AAA-rated province-specific entities in conjunction with MEG's lease financing programs. The deal also provided for investment into charging station infrastructure, as well as investment into Treeletrik via Yunnan's role as the ASEAN region's belt and road sponsor. The shutdown impacted the timing on this, particularly as it pertained to final registration and approvals at local government, but is expected to be reinstated in the near term.
B: EV and EV Battery Manufacturing Alliance
Over the course of the past 18 months or so, Ideanomics, and subsequently MEG, has partnered with leading EV and EV Battery manufacturers, including JAC, Geely, Beijing Foton, CATL, and Yinlong, among others. These partnerships are an important part of the overall offering and assist MEG in offering competitive procurement and order fulfillment. Having best-in-class partners ensures we can meet the needs of fleet operators in terms of vehicle specifications, quality, reliability, and cost and continue to attract large-scale order interest.
As part of the commencement of activities in Qingdao, we will be showcasing many of these partners at our EV sales hub and anticipate additional manufacturing partners participating based on their value to the overall offering.
We had begun to implement a joint marketing strategy with select partners, including our participation with CATL in the now postponed EV Mining event in Stockholm, Sweden on March 18-20. It has been tentatively rescheduled until November of this year, due to Coronavirus concerns.
C. Joint Ventures and Other Strategic and Umbrella Agreements
Ideanomics and MEG has announced several agreements as either joint ventures, strategic partnerships, or umbrella agreements, which form part of MEG's business development and revenue pipeline development activities. These include deals with the provinces of Inner Mongolia and Yunnan for MEG involvement in supporting the transition to EV mining, which we anticipate will be a significant revenue division for our organization; Zhitong 3000, where we intend to offer their fleet customers' MEG services; activities securing relationships with tourism associations to develop EV tour bus revenues; and more. Each of these is progressing in the normal course of business in the context of earlier sections of this update and, in particular, section A as it pertains to lease financing services.
D: Sales Agreements for Execution
In August of 2019, Ideanomics and MEG announced a joint venture with iUnicorn, to procure and finance 90,000 taxis for the city of Chengdu, in addition to other cities. In September of 2019, MEG announced the delivery of an additional 4,127 taxis, with confirmation of a further 11,000 to be delivered by the end of 2019. These are subject to the return of local government, to process the final rebate and registration approvals. We anticipate this occurring when the spring temperatures reduce the impact of the outbreak and cities return to normal levels of commerce and the resulting demand for public transportation is restored to pre-outbreak levels.
In November of 2019, Ideanomics and MEG announced an order from Yunnan province for 35,000 taxis, and an additional order for 2,300 taxis from the city of Guillin, in Guanxi province. Both of these orders are delayed due to the closure of non-essential local government services, which we anticipate returning to normal in a similar manner to the iUnicorn JV.
In addition to the sales agreements mentioned above, the MEG team has developed a diverse pipeline of sales orders, with interest and activities in all four of its EV revenue divisions of Heavy Trucks, Buses and Coaches, Logistical Vehicles, and Taxis. In lieu of the lease financing funds availability, MEG has been pursuing bespoke financing for each order, respectively. Furthermore, the recently announced Qingdao sales center activities will help further augment sales going forward.
E. Global EV Sales Expansion
In March of 2019, Ideanomics announced the acquisition of 51% of Malaysia-based EV manufacturer and distributor, Treeletrik. Since the acquisition, Treeletrik has hired an experienced CEO from the automotive industry, increased its sales and after sales operations, upgraded the land secured under the acquisition from leasehold to title holder, secured orders elsewhere in the ASEAN region, and is in negotiations to bring in a number of Chinese EV manufacturing and EV battery partners to help round out its KD and assembly activities such that it can scale its supply operations to ensure order fulfilment.
Outside of Asia, MEG has received some preliminary order inquiries in the Middle East and plans to broadly expand its global footprint once all of its China-based activities are under way.
F: Energy Sales
MEG's core strategy is to acquire fleet customers, through offering innovative and cost-efficient transition to EV, such that we transition the consumption of energy from Gasoline and Diesel onto cleaner Electricity. MEG has signed numerous joint venture and strategic partnership agreements to help develop its relationships in this regard and plans to sell both pre-paid electricity at a discount to fleet operators, as well as participate in the lucrative EV charging market. Each of these is valid and in process for normal course of business, with the major highlights detailed below.
In July of 2019, Ideanomics announced agreements with Three Gorges, to include Tianda Energy and Ding Fang, and Palcan Energy to finance and develop EV fast charging networks. MEG has continued to explore these and other EV fast charging technologies, including those from our EV battery partners, as detailed in the PetroChina update below.
In September 2019, Ideanomics and MEG announced a joint venture with PetroChina, to begin a project to repurpose gas stations to EV fast charging stations, starting with the city of Nanjing. To date, as there is rapidly-evolving technology development in the areas of EV charging and energy management and storage solutions, we are dependent on the certification of new technologies and apparatus for commercial use such that we ensure the most up to date technologies and charging experience are deployed.
G: Other Financial Services / ABS
In August of 2018, Ideanomics announced an agreement with NTC to provide ABS refinancing for buses in several China cities, including Tianjin. Subsequently, Ideanomics announced agreements in January of 2019 with financial institutions to provide financing and other services to support the ABS under the NTC agreement.
The debt rating of Tianjin at municipal level, along with delayed deliveries from manufacturers, has proved challenging for underwriting and issuance of ABS. In June of 2019, Ideanomics signed an agreement with EV bus and battery manufacturer Yinlong covering both China and Ex-China activities. As Yinlong had already delivered 5.1Billion RMB of manufacturer financed EV buses in Tianjin, outside of the Ideanomics agreement, we began discussions in late Q3 / early Q4 with Yinlong to reorganize the registration and recording of those delivered assets such that they can be compliant with ABS requirements. That activity is underway, albeit it was disrupted and delayed by the Coronavirus activities in the region. Additionally, MEG plans to work closely with Yinlong in 2020 to help support the delivery of additional city bus orders in order to facilitate the ABS refinancing accordingly.
In June of 2019, Ideanomics and MEG announced a joint venture with GCL, to include GCL contributing guaranteed sales orders of 500,000 logistical vehicle orders over the next three years. These orders will require financing under the lease financing activities covered in section A, as the original barter-plus-subsidy deal put in place is not being accepted by manufacturers. Several of the small to mid-size orders from the GCL order flow are currently in the pipeline to help develop and streamline the deal expediting process of our lease financing activities.
About Ideanomics
Ideanomics (Nasdaq:IDEX) is a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and Fintech products. Its electric vehicle division, Mobile Energy Global (MEG) provides financial services and incentives for commercial fleet operators, including group purchasing discounts and battery buy-back programs, in order to acquire large-scale customers with energy needs which are monetized through pre-paid electricity and EV charging offerings. Ideanomics Capital includes DBOT ATS and Intelligenta which provide innovative financial services solutions powered by AI and blockchain. MEG and Ideanomics Capital provide our global customers and partners with better efficiencies and technologies and greater access to global markets.
The company is headquartered in New York, NY, and has offices in Beijing, China.
submitted by SureSpeech5 to stocks [link] [comments]


2020.03.10 14:57 SureSpeech5 Ideanomics Provides Update on Activities

Ideanomics ($IDEX) Provides Update on MEG Activities, Including Coronavirus Impact
- Update covers all MEG-related announcements to date - Details progress in all key operational and revenue-generating areas - Provides transparency as China recovers from Coronavirus impact
NEW YORK, March 10, 2020 /PRNewswire/ -- Ideanomics, (NASDAQ: IDEX) ("Ideanomics" or the "Company"), has today announced a detailed update to its Mobile Energy Global ("MEG") activities, including the impact of the Coronavirus on its Q1 activities.
In general, Chinese companies returned to work at the start of March with most major commercial activities slowly getting back to normal. MEG's partners have been impacted to varying degrees and recent conversations have shown there is a resolute effort being made to recover quickly from the effects of the outbreak. Currently, there are no details available for any government stimulus programs to help the Chinese economy recover from the shutdown, so we are unable to determine what participation opportunities, if any, may be available to Ideanomics and MEG.
A: Financing / Funding for Fleet Purchasing
In September 2018, Ideanomics announced its agreement with First Auto Loan, regarding lease financing and ABS products with a target of raising $6 Billion to fund the lease financing of ride-share vehicles and other types of app-requested taxis. This agreement is currently in progress and will benefit from the capital sourcing referenced below.
In November and December of 2019, Ideanomics and MEG announced the creation of multiple funds in association with Dasheng Licheng Lease Financing, with Ideanomics bringing in several high-profile insurance companies to provide large-scale funds to support EV lease financing programs. The final province-level registrations were underway when the outbreak occurred and are now back underway. The impact on bringing these funds to market will now extend into Q2 but should otherwise remain unaffected.
In November of 2019, Ideanomics and MEG announced an agreement with China's Yunnan province which included lease financing for the heavy truck segment, with backing by AAA-rated province-specific entities in conjunction with MEG's lease financing programs. The deal also provided for investment into charging station infrastructure, as well as investment into Treeletrik via Yunnan's role as the ASEAN region's belt and road sponsor. The shutdown impacted the timing on this, particularly as it pertained to final registration and approvals at local government, but is expected to be reinstated in the near term.
B: EV and EV Battery Manufacturing Alliance
Over the course of the past 18 months or so, Ideanomics, and subsequently MEG, has partnered with leading EV and EV Battery manufacturers, including JAC, Geely, Beijing Foton, CATL, and Yinlong, among others. These partnerships are an important part of the overall offering and assist MEG in offering competitive procurement and order fulfillment. Having best-in-class partners ensures we can meet the needs of fleet operators in terms of vehicle specifications, quality, reliability, and cost and continue to attract large-scale order interest.
As part of the commencement of activities in Qingdao, we will be showcasing many of these partners at our EV sales hub and anticipate additional manufacturing partners participating based on their value to the overall offering.
We had begun to implement a joint marketing strategy with select partners, including our participation with CATL in the now postponed EV Mining event in Stockholm, Sweden on March 18-20. It has been tentatively rescheduled until November of this year, due to Coronavirus concerns.
C. Joint Ventures and Other Strategic and Umbrella Agreements
Ideanomics and MEG has announced several agreements as either joint ventures, strategic partnerships, or umbrella agreements, which form part of MEG's business development and revenue pipeline development activities. These include deals with the provinces of Inner Mongolia and Yunnan for MEG involvement in supporting the transition to EV mining, which we anticipate will be a significant revenue division for our organization; Zhitong 3000, where we intend to offer their fleet customers' MEG services; activities securing relationships with tourism associations to develop EV tour bus revenues; and more. Each of these is progressing in the normal course of business in the context of earlier sections of this update and, in particular, section A as it pertains to lease financing services.
D: Sales Agreements for Execution
In August of 2019, Ideanomics and MEG announced a joint venture with iUnicorn, to procure and finance 90,000 taxis for the city of Chengdu, in addition to other cities. In September of 2019, MEG announced the delivery of an additional 4,127 taxis, with confirmation of a further 11,000 to be delivered by the end of 2019. These are subject to the return of local government, to process the final rebate and registration approvals. We anticipate this occurring when the spring temperatures reduce the impact of the outbreak and cities return to normal levels of commerce and the resulting demand for public transportation is restored to pre-outbreak levels.
In November of 2019, Ideanomics and MEG announced an order from Yunnan province for 35,000 taxis, and an additional order for 2,300 taxis from the city of Guillin, in Guanxi province. Both of these orders are delayed due to the closure of non-essential local government services, which we anticipate returning to normal in a similar manner to the iUnicorn JV.
In addition to the sales agreements mentioned above, the MEG team has developed a diverse pipeline of sales orders, with interest and activities in all four of its EV revenue divisions of Heavy Trucks, Buses and Coaches, Logistical Vehicles, and Taxis. In lieu of the lease financing funds availability, MEG has been pursuing bespoke financing for each order, respectively. Furthermore, the recently announced Qingdao sales center activities will help further augment sales going forward.
E. Global EV Sales Expansion
In March of 2019, Ideanomics announced the acquisition of 51% of Malaysia-based EV manufacturer and distributor, Treeletrik. Since the acquisition, Treeletrik has hired an experienced CEO from the automotive industry, increased its sales and after sales operations, upgraded the land secured under the acquisition from leasehold to title holder, secured orders elsewhere in the ASEAN region, and is in negotiations to bring in a number of Chinese EV manufacturing and EV battery partners to help round out its KD and assembly activities such that it can scale its supply operations to ensure order fulfilment.
Outside of Asia, MEG has received some preliminary order inquiries in the Middle East and plans to broadly expand its global footprint once all of its China-based activities are under way.
F: Energy Sales
MEG's core strategy is to acquire fleet customers, through offering innovative and cost-efficient transition to EV, such that we transition the consumption of energy from Gasoline and Diesel onto cleaner Electricity. MEG has signed numerous joint venture and strategic partnership agreements to help develop its relationships in this regard and plans to sell both pre-paid electricity at a discount to fleet operators, as well as participate in the lucrative EV charging market. Each of these is valid and in process for normal course of business, with the major highlights detailed below.
In July of 2019, Ideanomics announced agreements with Three Gorges, to include Tianda Energy and Ding Fang, and Palcan Energy to finance and develop EV fast charging networks. MEG has continued to explore these and other EV fast charging technologies, including those from our EV battery partners, as detailed in the PetroChina update below.
In September 2019, Ideanomics and MEG announced a joint venture with PetroChina, to begin a project to repurpose gas stations to EV fast charging stations, starting with the city of Nanjing. To date, as there is rapidly-evolving technology development in the areas of EV charging and energy management and storage solutions, we are dependent on the certification of new technologies and apparatus for commercial use such that we ensure the most up to date technologies and charging experience are deployed.
G: Other Financial Services / ABS
In August of 2018, Ideanomics announced an agreement with NTC to provide ABS refinancing for buses in several China cities, including Tianjin. Subsequently, Ideanomics announced agreements in January of 2019 with financial institutions to provide financing and other services to support the ABS under the NTC agreement.
The debt rating of Tianjin at municipal level, along with delayed deliveries from manufacturers, has proved challenging for underwriting and issuance of ABS. In June of 2019, Ideanomics signed an agreement with EV bus and battery manufacturer Yinlong covering both China and Ex-China activities. As Yinlong had already delivered 5.1Billion RMB of manufacturer financed EV buses in Tianjin, outside of the Ideanomics agreement, we began discussions in late Q3 / early Q4 with Yinlong to reorganize the registration and recording of those delivered assets such that they can be compliant with ABS requirements. That activity is underway, albeit it was disrupted and delayed by the Coronavirus activities in the region. Additionally, MEG plans to work closely with Yinlong in 2020 to help support the delivery of additional city bus orders in order to facilitate the ABS refinancing accordingly.
In June of 2019, Ideanomics and MEG announced a joint venture with GCL, to include GCL contributing guaranteed sales orders of 500,000 logistical vehicle orders over the next three years. These orders will require financing under the lease financing activities covered in section A, as the original barter-plus-subsidy deal put in place is not being accepted by manufacturers. Several of the small to mid-size orders from the GCL order flow are currently in the pipeline to help develop and streamline the deal expediting process of our lease financing activities.
About Ideanomics
Ideanomics (Nasdaq:IDEX) is a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and Fintech products. Its electric vehicle division, Mobile Energy Global (MEG) provides financial services and incentives for commercial fleet operators, including group purchasing discounts and battery buy-back programs, in order to acquire large-scale customers with energy needs which are monetized through pre-paid electricity and EV charging offerings. Ideanomics Capital includes DBOT ATS and Intelligenta which provide innovative financial services solutions powered by AI and blockchain. MEG and Ideanomics Capital provide our global customers and partners with better efficiencies and technologies and greater access to global markets.
The company is headquartered in New York, NY, and has offices in Beijing, China.
submitted by SureSpeech5 to pennystocks [link] [comments]


2020.03.10 14:56 SureSpeech5 Ideanomics Provides Update on Activities

Ideanomics ($IDEX) Provides Update on MEG Activities, Including Coronavirus Impact
- Update covers all MEG-related announcements to date - Details progress in all key operational and revenue-generating areas - Provides transparency as China recovers from Coronavirus impact
NEW YORK, March 10, 2020 /PRNewswire/ -- Ideanomics, (NASDAQ: IDEX) ("Ideanomics" or the "Company"), has today announced a detailed update to its Mobile Energy Global ("MEG") activities, including the impact of the Coronavirus on its Q1 activities.
In general, Chinese companies returned to work at the start of March with most major commercial activities slowly getting back to normal. MEG's partners have been impacted to varying degrees and recent conversations have shown there is a resolute effort being made to recover quickly from the effects of the outbreak. Currently, there are no details available for any government stimulus programs to help the Chinese economy recover from the shutdown, so we are unable to determine what participation opportunities, if any, may be available to Ideanomics and MEG.
A: Financing / Funding for Fleet Purchasing
In September 2018, Ideanomics announced its agreement with First Auto Loan, regarding lease financing and ABS products with a target of raising $6 Billion to fund the lease financing of ride-share vehicles and other types of app-requested taxis. This agreement is currently in progress and will benefit from the capital sourcing referenced below.
In November and December of 2019, Ideanomics and MEG announced the creation of multiple funds in association with Dasheng Licheng Lease Financing, with Ideanomics bringing in several high-profile insurance companies to provide large-scale funds to support EV lease financing programs. The final province-level registrations were underway when the outbreak occurred and are now back underway. The impact on bringing these funds to market will now extend into Q2 but should otherwise remain unaffected.
In November of 2019, Ideanomics and MEG announced an agreement with China's Yunnan province which included lease financing for the heavy truck segment, with backing by AAA-rated province-specific entities in conjunction with MEG's lease financing programs. The deal also provided for investment into charging station infrastructure, as well as investment into Treeletrik via Yunnan's role as the ASEAN region's belt and road sponsor. The shutdown impacted the timing on this, particularly as it pertained to final registration and approvals at local government, but is expected to be reinstated in the near term.
B: EV and EV Battery Manufacturing Alliance
Over the course of the past 18 months or so, Ideanomics, and subsequently MEG, has partnered with leading EV and EV Battery manufacturers, including JAC, Geely, Beijing Foton, CATL, and Yinlong, among others. These partnerships are an important part of the overall offering and assist MEG in offering competitive procurement and order fulfillment. Having best-in-class partners ensures we can meet the needs of fleet operators in terms of vehicle specifications, quality, reliability, and cost and continue to attract large-scale order interest.
As part of the commencement of activities in Qingdao, we will be showcasing many of these partners at our EV sales hub and anticipate additional manufacturing partners participating based on their value to the overall offering.
We had begun to implement a joint marketing strategy with select partners, including our participation with CATL in the now postponed EV Mining event in Stockholm, Sweden on March 18-20. It has been tentatively rescheduled until November of this year, due to Coronavirus concerns.
C. Joint Ventures and Other Strategic and Umbrella Agreements
Ideanomics and MEG has announced several agreements as either joint ventures, strategic partnerships, or umbrella agreements, which form part of MEG's business development and revenue pipeline development activities. These include deals with the provinces of Inner Mongolia and Yunnan for MEG involvement in supporting the transition to EV mining, which we anticipate will be a significant revenue division for our organization; Zhitong 3000, where we intend to offer their fleet customers' MEG services; activities securing relationships with tourism associations to develop EV tour bus revenues; and more. Each of these is progressing in the normal course of business in the context of earlier sections of this update and, in particular, section A as it pertains to lease financing services.
D: Sales Agreements for Execution
In August of 2019, Ideanomics and MEG announced a joint venture with iUnicorn, to procure and finance 90,000 taxis for the city of Chengdu, in addition to other cities. In September of 2019, MEG announced the delivery of an additional 4,127 taxis, with confirmation of a further 11,000 to be delivered by the end of 2019. These are subject to the return of local government, to process the final rebate and registration approvals. We anticipate this occurring when the spring temperatures reduce the impact of the outbreak and cities return to normal levels of commerce and the resulting demand for public transportation is restored to pre-outbreak levels.
In November of 2019, Ideanomics and MEG announced an order from Yunnan province for 35,000 taxis, and an additional order for 2,300 taxis from the city of Guillin, in Guanxi province. Both of these orders are delayed due to the closure of non-essential local government services, which we anticipate returning to normal in a similar manner to the iUnicorn JV.
In addition to the sales agreements mentioned above, the MEG team has developed a diverse pipeline of sales orders, with interest and activities in all four of its EV revenue divisions of Heavy Trucks, Buses and Coaches, Logistical Vehicles, and Taxis. In lieu of the lease financing funds availability, MEG has been pursuing bespoke financing for each order, respectively. Furthermore, the recently announced Qingdao sales center activities will help further augment sales going forward.
E. Global EV Sales Expansion
In March of 2019, Ideanomics announced the acquisition of 51% of Malaysia-based EV manufacturer and distributor, Treeletrik. Since the acquisition, Treeletrik has hired an experienced CEO from the automotive industry, increased its sales and after sales operations, upgraded the land secured under the acquisition from leasehold to title holder, secured orders elsewhere in the ASEAN region, and is in negotiations to bring in a number of Chinese EV manufacturing and EV battery partners to help round out its KD and assembly activities such that it can scale its supply operations to ensure order fulfilment.
Outside of Asia, MEG has received some preliminary order inquiries in the Middle East and plans to broadly expand its global footprint once all of its China-based activities are under way.
F: Energy Sales
MEG's core strategy is to acquire fleet customers, through offering innovative and cost-efficient transition to EV, such that we transition the consumption of energy from Gasoline and Diesel onto cleaner Electricity. MEG has signed numerous joint venture and strategic partnership agreements to help develop its relationships in this regard and plans to sell both pre-paid electricity at a discount to fleet operators, as well as participate in the lucrative EV charging market. Each of these is valid and in process for normal course of business, with the major highlights detailed below.
In July of 2019, Ideanomics announced agreements with Three Gorges, to include Tianda Energy and Ding Fang, and Palcan Energy to finance and develop EV fast charging networks. MEG has continued to explore these and other EV fast charging technologies, including those from our EV battery partners, as detailed in the PetroChina update below.
In September 2019, Ideanomics and MEG announced a joint venture with PetroChina, to begin a project to repurpose gas stations to EV fast charging stations, starting with the city of Nanjing. To date, as there is rapidly-evolving technology development in the areas of EV charging and energy management and storage solutions, we are dependent on the certification of new technologies and apparatus for commercial use such that we ensure the most up to date technologies and charging experience are deployed.
G: Other Financial Services / ABS
In August of 2018, Ideanomics announced an agreement with NTC to provide ABS refinancing for buses in several China cities, including Tianjin. Subsequently, Ideanomics announced agreements in January of 2019 with financial institutions to provide financing and other services to support the ABS under the NTC agreement.
The debt rating of Tianjin at municipal level, along with delayed deliveries from manufacturers, has proved challenging for underwriting and issuance of ABS. In June of 2019, Ideanomics signed an agreement with EV bus and battery manufacturer Yinlong covering both China and Ex-China activities. As Yinlong had already delivered 5.1Billion RMB of manufacturer financed EV buses in Tianjin, outside of the Ideanomics agreement, we began discussions in late Q3 / early Q4 with Yinlong to reorganize the registration and recording of those delivered assets such that they can be compliant with ABS requirements. That activity is underway, albeit it was disrupted and delayed by the Coronavirus activities in the region. Additionally, MEG plans to work closely with Yinlong in 2020 to help support the delivery of additional city bus orders in order to facilitate the ABS refinancing accordingly.
In June of 2019, Ideanomics and MEG announced a joint venture with GCL, to include GCL contributing guaranteed sales orders of 500,000 logistical vehicle orders over the next three years. These orders will require financing under the lease financing activities covered in section A, as the original barter-plus-subsidy deal put in place is not being accepted by manufacturers. Several of the small to mid-size orders from the GCL order flow are currently in the pipeline to help develop and streamline the deal expediting process of our lease financing activities.
About Ideanomics
Ideanomics (Nasdaq:IDEX) is a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and Fintech products. Its electric vehicle division, Mobile Energy Global (MEG) provides financial services and incentives for commercial fleet operators, including group purchasing discounts and battery buy-back programs, in order to acquire large-scale customers with energy needs which are monetized through pre-paid electricity and EV charging offerings. Ideanomics Capital includes DBOT ATS and Intelligenta which provide innovative financial services solutions powered by AI and blockchain. MEG and Ideanomics Capital provide our global customers and partners with better efficiencies and technologies and greater access to global markets.
The company is headquartered in New York, NY, and has offices in Beijing, China.
submitted by SureSpeech5 to pennystocks [link] [comments]


2020.03.10 14:53 SureSpeech5 Ideanomics Provides Update on Activities

Ideanomics ($IDEX) Provides Update on MEG Activities, Including Coronavirus Impact
- Update covers all MEG-related announcements to date - Details progress in all key operational and revenue-generating areas - Provides transparency as China recovers from Coronavirus impact
NEW YORK, March 10, 2020 /PRNewswire/ -- Ideanomics, (NASDAQ: IDEX) ("Ideanomics" or the "Company"), has today announced a detailed update to its Mobile Energy Global ("MEG") activities, including the impact of the Coronavirus on its Q1 activities.
In general, Chinese companies returned to work at the start of March with most major commercial activities slowly getting back to normal. MEG's partners have been impacted to varying degrees and recent conversations have shown there is a resolute effort being made to recover quickly from the effects of the outbreak. Currently, there are no details available for any government stimulus programs to help the Chinese economy recover from the shutdown, so we are unable to determine what participation opportunities, if any, may be available to Ideanomics and MEG.
A: Financing / Funding for Fleet Purchasing
In September 2018, Ideanomics announced its agreement with First Auto Loan, regarding lease financing and ABS products with a target of raising $6 Billion to fund the lease financing of ride-share vehicles and other types of app-requested taxis. This agreement is currently in progress and will benefit from the capital sourcing referenced below.
In November and December of 2019, Ideanomics and MEG announced the creation of multiple funds in association with Dasheng Licheng Lease Financing, with Ideanomics bringing in several high-profile insurance companies to provide large-scale funds to support EV lease financing programs. The final province-level registrations were underway when the outbreak occurred and are now back underway. The impact on bringing these funds to market will now extend into Q2 but should otherwise remain unaffected.
In November of 2019, Ideanomics and MEG announced an agreement with China's Yunnan province which included lease financing for the heavy truck segment, with backing by AAA-rated province-specific entities in conjunction with MEG's lease financing programs. The deal also provided for investment into charging station infrastructure, as well as investment into Treeletrik via Yunnan's role as the ASEAN region's belt and road sponsor. The shutdown impacted the timing on this, particularly as it pertained to final registration and approvals at local government, but is expected to be reinstated in the near term.
B: EV and EV Battery Manufacturing Alliance
Over the course of the past 18 months or so, Ideanomics, and subsequently MEG, has partnered with leading EV and EV Battery manufacturers, including JAC, Geely, Beijing Foton, CATL, and Yinlong, among others. These partnerships are an important part of the overall offering and assist MEG in offering competitive procurement and order fulfillment. Having best-in-class partners ensures we can meet the needs of fleet operators in terms of vehicle specifications, quality, reliability, and cost and continue to attract large-scale order interest.
As part of the commencement of activities in Qingdao, we will be showcasing many of these partners at our EV sales hub and anticipate additional manufacturing partners participating based on their value to the overall offering.
We had begun to implement a joint marketing strategy with select partners, including our participation with CATL in the now postponed EV Mining event in Stockholm, Sweden on March 18-20. It has been tentatively rescheduled until November of this year, due to Coronavirus concerns.
C. Joint Ventures and Other Strategic and Umbrella Agreements
Ideanomics and MEG has announced several agreements as either joint ventures, strategic partnerships, or umbrella agreements, which form part of MEG's business development and revenue pipeline development activities. These include deals with the provinces of Inner Mongolia and Yunnan for MEG involvement in supporting the transition to EV mining, which we anticipate will be a significant revenue division for our organization; Zhitong 3000, where we intend to offer their fleet customers' MEG services; activities securing relationships with tourism associations to develop EV tour bus revenues; and more. Each of these is progressing in the normal course of business in the context of earlier sections of this update and, in particular, section A as it pertains to lease financing services.
D: Sales Agreements for Execution
In August of 2019, Ideanomics and MEG announced a joint venture with iUnicorn, to procure and finance 90,000 taxis for the city of Chengdu, in addition to other cities. In September of 2019, MEG announced the delivery of an additional 4,127 taxis, with confirmation of a further 11,000 to be delivered by the end of 2019. These are subject to the return of local government, to process the final rebate and registration approvals. We anticipate this occurring when the spring temperatures reduce the impact of the outbreak and cities return to normal levels of commerce and the resulting demand for public transportation is restored to pre-outbreak levels.
In November of 2019, Ideanomics and MEG announced an order from Yunnan province for 35,000 taxis, and an additional order for 2,300 taxis from the city of Guillin, in Guanxi province. Both of these orders are delayed due to the closure of non-essential local government services, which we anticipate returning to normal in a similar manner to the iUnicorn JV.
In addition to the sales agreements mentioned above, the MEG team has developed a diverse pipeline of sales orders, with interest and activities in all four of its EV revenue divisions of Heavy Trucks, Buses and Coaches, Logistical Vehicles, and Taxis. In lieu of the lease financing funds availability, MEG has been pursuing bespoke financing for each order, respectively. Furthermore, the recently announced Qingdao sales center activities will help further augment sales going forward.
E. Global EV Sales Expansion
In March of 2019, Ideanomics announced the acquisition of 51% of Malaysia-based EV manufacturer and distributor, Treeletrik. Since the acquisition, Treeletrik has hired an experienced CEO from the automotive industry, increased its sales and after sales operations, upgraded the land secured under the acquisition from leasehold to title holder, secured orders elsewhere in the ASEAN region, and is in negotiations to bring in a number of Chinese EV manufacturing and EV battery partners to help round out its KD and assembly activities such that it can scale its supply operations to ensure order fulfilment.
Outside of Asia, MEG has received some preliminary order inquiries in the Middle East and plans to broadly expand its global footprint once all of its China-based activities are under way.
F: Energy Sales
MEG's core strategy is to acquire fleet customers, through offering innovative and cost-efficient transition to EV, such that we transition the consumption of energy from Gasoline and Diesel onto cleaner Electricity. MEG has signed numerous joint venture and strategic partnership agreements to help develop its relationships in this regard and plans to sell both pre-paid electricity at a discount to fleet operators, as well as participate in the lucrative EV charging market. Each of these is valid and in process for normal course of business, with the major highlights detailed below.
In July of 2019, Ideanomics announced agreements with Three Gorges, to include Tianda Energy and Ding Fang, and Palcan Energy to finance and develop EV fast charging networks. MEG has continued to explore these and other EV fast charging technologies, including those from our EV battery partners, as detailed in the PetroChina update below.
In September 2019, Ideanomics and MEG announced a joint venture with PetroChina, to begin a project to repurpose gas stations to EV fast charging stations, starting with the city of Nanjing. To date, as there is rapidly-evolving technology development in the areas of EV charging and energy management and storage solutions, we are dependent on the certification of new technologies and apparatus for commercial use such that we ensure the most up to date technologies and charging experience are deployed.
G: Other Financial Services / ABS
In August of 2018, Ideanomics announced an agreement with NTC to provide ABS refinancing for buses in several China cities, including Tianjin. Subsequently, Ideanomics announced agreements in January of 2019 with financial institutions to provide financing and other services to support the ABS under the NTC agreement.
The debt rating of Tianjin at municipal level, along with delayed deliveries from manufacturers, has proved challenging for underwriting and issuance of ABS. In June of 2019, Ideanomics signed an agreement with EV bus and battery manufacturer Yinlong covering both China and Ex-China activities. As Yinlong had already delivered 5.1Billion RMB of manufacturer financed EV buses in Tianjin, outside of the Ideanomics agreement, we began discussions in late Q3 / early Q4 with Yinlong to reorganize the registration and recording of those delivered assets such that they can be compliant with ABS requirements. That activity is underway, albeit it was disrupted and delayed by the Coronavirus activities in the region. Additionally, MEG plans to work closely with Yinlong in 2020 to help support the delivery of additional city bus orders in order to facilitate the ABS refinancing accordingly.
In June of 2019, Ideanomics and MEG announced a joint venture with GCL, to include GCL contributing guaranteed sales orders of 500,000 logistical vehicle orders over the next three years. These orders will require financing under the lease financing activities covered in section A, as the original barter-plus-subsidy deal put in place is not being accepted by manufacturers. Several of the small to mid-size orders from the GCL order flow are currently in the pipeline to help develop and streamline the deal expediting process of our lease financing activities.
About Ideanomics
Ideanomics (Nasdaq:IDEX) is a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and Fintech products. Its electric vehicle division, Mobile Energy Global (MEG) provides financial services and incentives for commercial fleet operators, including group purchasing discounts and battery buy-back programs, in order to acquire large-scale customers with energy needs which are monetized through pre-paid electricity and EV charging offerings. Ideanomics Capital includes DBOT ATS and Intelligenta which provide innovative financial services solutions powered by AI and blockchain. MEG and Ideanomics Capital provide our global customers and partners with better efficiencies and technologies and greater access to global markets.
The company is headquartered in New York, NY, and has offices in Beijing, China.
submitted by SureSpeech5 to pennystocks [link] [comments]


2020.03.10 14:43 SureSpeech5 Ideanomics Provides Update on Activities

Ideanomics ($IDEX) Provides Update on MEG Activities, Including Coronavirus Impact
- Update covers all MEG-related announcements to date - Details progress in all key operational and revenue-generating areas - Provides transparency as China recovers from Coronavirus impact
NEW YORK, March 10, 2020 /PRNewswire/ -- Ideanomics, (NASDAQ: IDEX) ("Ideanomics" or the "Company"), has today announced a detailed update to its Mobile Energy Global ("MEG") activities, including the impact of the Coronavirus on its Q1 activities.
In general, Chinese companies returned to work at the start of March with most major commercial activities slowly getting back to normal. MEG's partners have been impacted to varying degrees and recent conversations have shown there is a resolute effort being made to recover quickly from the effects of the outbreak. Currently, there are no details available for any government stimulus programs to help the Chinese economy recover from the shutdown, so we are unable to determine what participation opportunities, if any, may be available to Ideanomics and MEG.
A: Financing / Funding for Fleet Purchasing
In September 2018, Ideanomics announced its agreement with First Auto Loan, regarding lease financing and ABS products with a target of raising $6 Billion to fund the lease financing of ride-share vehicles and other types of app-requested taxis. This agreement is currently in progress and will benefit from the capital sourcing referenced below.
In November and December of 2019, Ideanomics and MEG announced the creation of multiple funds in association with Dasheng Licheng Lease Financing, with Ideanomics bringing in several high-profile insurance companies to provide large-scale funds to support EV lease financing programs. The final province-level registrations were underway when the outbreak occurred and are now back underway. The impact on bringing these funds to market will now extend into Q2 but should otherwise remain unaffected.
In November of 2019, Ideanomics and MEG announced an agreement with China's Yunnan province which included lease financing for the heavy truck segment, with backing by AAA-rated province-specific entities in conjunction with MEG's lease financing programs. The deal also provided for investment into charging station infrastructure, as well as investment into Treeletrik via Yunnan's role as the ASEAN region's belt and road sponsor. The shutdown impacted the timing on this, particularly as it pertained to final registration and approvals at local government, but is expected to be reinstated in the near term.
B: EV and EV Battery Manufacturing Alliance
Over the course of the past 18 months or so, Ideanomics, and subsequently MEG, has partnered with leading EV and EV Battery manufacturers, including JAC, Geely, Beijing Foton, CATL, and Yinlong, among others. These partnerships are an important part of the overall offering and assist MEG in offering competitive procurement and order fulfillment. Having best-in-class partners ensures we can meet the needs of fleet operators in terms of vehicle specifications, quality, reliability, and cost and continue to attract large-scale order interest.
As part of the commencement of activities in Qingdao, we will be showcasing many of these partners at our EV sales hub and anticipate additional manufacturing partners participating based on their value to the overall offering.
We had begun to implement a joint marketing strategy with select partners, including our participation with CATL in the now postponed EV Mining event in Stockholm, Sweden on March 18-20. It has been tentatively rescheduled until November of this year, due to Coronavirus concerns.
C. Joint Ventures and Other Strategic and Umbrella Agreements
Ideanomics and MEG has announced several agreements as either joint ventures, strategic partnerships, or umbrella agreements, which form part of MEG's business development and revenue pipeline development activities. These include deals with the provinces of Inner Mongolia and Yunnan for MEG involvement in supporting the transition to EV mining, which we anticipate will be a significant revenue division for our organization; Zhitong 3000, where we intend to offer their fleet customers' MEG services; activities securing relationships with tourism associations to develop EV tour bus revenues; and more. Each of these is progressing in the normal course of business in the context of earlier sections of this update and, in particular, section A as it pertains to lease financing services.
D: Sales Agreements for Execution
In August of 2019, Ideanomics and MEG announced a joint venture with iUnicorn, to procure and finance 90,000 taxis for the city of Chengdu, in addition to other cities. In September of 2019, MEG announced the delivery of an additional 4,127 taxis, with confirmation of a further 11,000 to be delivered by the end of 2019. These are subject to the return of local government, to process the final rebate and registration approvals. We anticipate this occurring when the spring temperatures reduce the impact of the outbreak and cities return to normal levels of commerce and the resulting demand for public transportation is restored to pre-outbreak levels.
In November of 2019, Ideanomics and MEG announced an order from Yunnan province for 35,000 taxis, and an additional order for 2,300 taxis from the city of Guillin, in Guanxi province. Both of these orders are delayed due to the closure of non-essential local government services, which we anticipate returning to normal in a similar manner to the iUnicorn JV.
In addition to the sales agreements mentioned above, the MEG team has developed a diverse pipeline of sales orders, with interest and activities in all four of its EV revenue divisions of Heavy Trucks, Buses and Coaches, Logistical Vehicles, and Taxis. In lieu of the lease financing funds availability, MEG has been pursuing bespoke financing for each order, respectively. Furthermore, the recently announced Qingdao sales center activities will help further augment sales going forward.
E. Global EV Sales Expansion
In March of 2019, Ideanomics announced the acquisition of 51% of Malaysia-based EV manufacturer and distributor, Treeletrik. Since the acquisition, Treeletrik has hired an experienced CEO from the automotive industry, increased its sales and after sales operations, upgraded the land secured under the acquisition from leasehold to title holder, secured orders elsewhere in the ASEAN region, and is in negotiations to bring in a number of Chinese EV manufacturing and EV battery partners to help round out its KD and assembly activities such that it can scale its supply operations to ensure order fulfilment.
Outside of Asia, MEG has received some preliminary order inquiries in the Middle East and plans to broadly expand its global footprint once all of its China-based activities are under way.
F: Energy Sales
MEG's core strategy is to acquire fleet customers, through offering innovative and cost-efficient transition to EV, such that we transition the consumption of energy from Gasoline and Diesel onto cleaner Electricity. MEG has signed numerous joint venture and strategic partnership agreements to help develop its relationships in this regard and plans to sell both pre-paid electricity at a discount to fleet operators, as well as participate in the lucrative EV charging market. Each of these is valid and in process for normal course of business, with the major highlights detailed below.
In July of 2019, Ideanomics announced agreements with Three Gorges, to include Tianda Energy and Ding Fang, and Palcan Energy to finance and develop EV fast charging networks. MEG has continued to explore these and other EV fast charging technologies, including those from our EV battery partners, as detailed in the PetroChina update below.
In September 2019, Ideanomics and MEG announced a joint venture with PetroChina, to begin a project to repurpose gas stations to EV fast charging stations, starting with the city of Nanjing. To date, as there is rapidly-evolving technology development in the areas of EV charging and energy management and storage solutions, we are dependent on the certification of new technologies and apparatus for commercial use such that we ensure the most up to date technologies and charging experience are deployed.
G: Other Financial Services / ABS
In August of 2018, Ideanomics announced an agreement with NTC to provide ABS refinancing for buses in several China cities, including Tianjin. Subsequently, Ideanomics announced agreements in January of 2019 with financial institutions to provide financing and other services to support the ABS under the NTC agreement.
The debt rating of Tianjin at municipal level, along with delayed deliveries from manufacturers, has proved challenging for underwriting and issuance of ABS. In June of 2019, Ideanomics signed an agreement with EV bus and battery manufacturer Yinlong covering both China and Ex-China activities. As Yinlong had already delivered 5.1Billion RMB of manufacturer financed EV buses in Tianjin, outside of the Ideanomics agreement, we began discussions in late Q3 / early Q4 with Yinlong to reorganize the registration and recording of those delivered assets such that they can be compliant with ABS requirements. That activity is underway, albeit it was disrupted and delayed by the Coronavirus activities in the region. Additionally, MEG plans to work closely with Yinlong in 2020 to help support the delivery of additional city bus orders in order to facilitate the ABS refinancing accordingly.
In June of 2019, Ideanomics and MEG announced a joint venture with GCL, to include GCL contributing guaranteed sales orders of 500,000 logistical vehicle orders over the next three years. These orders will require financing under the lease financing activities covered in section A, as the original barter-plus-subsidy deal put in place is not being accepted by manufacturers. Several of the small to mid-size orders from the GCL order flow are currently in the pipeline to help develop and streamline the deal expediting process of our lease financing activities.
About Ideanomics
Ideanomics (Nasdaq:IDEX) is a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and Fintech products. Its electric vehicle division, Mobile Energy Global (MEG) provides financial services and incentives for commercial fleet operators, including group purchasing discounts and battery buy-back programs, in order to acquire large-scale customers with energy needs which are monetized through pre-paid electricity and EV charging offerings. Ideanomics Capital includes DBOT ATS and Intelligenta which provide innovative financial services solutions powered by AI and blockchain. MEG and Ideanomics Capital provide our global customers and partners with better efficiencies and technologies and greater access to global markets.
The company is headquartered in New York, NY, and has offices in Beijing, China.
submitted by SureSpeech5 to pennystocks [link] [comments]


2020.03.10 14:41 SureSpeech5 Ideanomics Provides Update, Including Coronavirus Impact

Ideanomics ($IDEX) Provides Update on MEG Activities, Including Coronavirus Impact
- Update covers all MEG-related announcements to date - Details progress in all key operational and revenue-generating areas - Provides transparency as China recovers from Coronavirus impact
NEW YORK, March 10, 2020 /PRNewswire/ -- Ideanomics, (NASDAQ: IDEX) ("Ideanomics" or the "Company"), has today announced a detailed update to its Mobile Energy Global ("MEG") activities, including the impact of the Coronavirus on its Q1 activities.
In general, Chinese companies returned to work at the start of March with most major commercial activities slowly getting back to normal. MEG's partners have been impacted to varying degrees and recent conversations have shown there is a resolute effort being made to recover quickly from the effects of the outbreak. Currently, there are no details available for any government stimulus programs to help the Chinese economy recover from the shutdown, so we are unable to determine what participation opportunities, if any, may be available to Ideanomics and MEG.
A: Financing / Funding for Fleet Purchasing
In September 2018, Ideanomics announced its agreement with First Auto Loan, regarding lease financing and ABS products with a target of raising $6 Billion to fund the lease financing of ride-share vehicles and other types of app-requested taxis. This agreement is currently in progress and will benefit from the capital sourcing referenced below.
In November and December of 2019, Ideanomics and MEG announced the creation of multiple funds in association with Dasheng Licheng Lease Financing, with Ideanomics bringing in several high-profile insurance companies to provide large-scale funds to support EV lease financing programs. The final province-level registrations were underway when the outbreak occurred and are now back underway. The impact on bringing these funds to market will now extend into Q2 but should otherwise remain unaffected.
In November of 2019, Ideanomics and MEG announced an agreement with China's Yunnan province which included lease financing for the heavy truck segment, with backing by AAA-rated province-specific entities in conjunction with MEG's lease financing programs. The deal also provided for investment into charging station infrastructure, as well as investment into Treeletrik via Yunnan's role as the ASEAN region's belt and road sponsor. The shutdown impacted the timing on this, particularly as it pertained to final registration and approvals at local government, but is expected to be reinstated in the near term.
B: EV and EV Battery Manufacturing Alliance
Over the course of the past 18 months or so, Ideanomics, and subsequently MEG, has partnered with leading EV and EV Battery manufacturers, including JAC, Geely, Beijing Foton, CATL, and Yinlong, among others. These partnerships are an important part of the overall offering and assist MEG in offering competitive procurement and order fulfillment. Having best-in-class partners ensures we can meet the needs of fleet operators in terms of vehicle specifications, quality, reliability, and cost and continue to attract large-scale order interest.
As part of the commencement of activities in Qingdao, we will be showcasing many of these partners at our EV sales hub and anticipate additional manufacturing partners participating based on their value to the overall offering.
We had begun to implement a joint marketing strategy with select partners, including our participation with CATL in the now postponed EV Mining event in Stockholm, Sweden on March 18-20. It has been tentatively rescheduled until November of this year, due to Coronavirus concerns.
C. Joint Ventures and Other Strategic and Umbrella Agreements
Ideanomics and MEG has announced several agreements as either joint ventures, strategic partnerships, or umbrella agreements, which form part of MEG's business development and revenue pipeline development activities. These include deals with the provinces of Inner Mongolia and Yunnan for MEG involvement in supporting the transition to EV mining, which we anticipate will be a significant revenue division for our organization; Zhitong 3000, where we intend to offer their fleet customers' MEG services; activities securing relationships with tourism associations to develop EV tour bus revenues; and more. Each of these is progressing in the normal course of business in the context of earlier sections of this update and, in particular, section A as it pertains to lease financing services.
D: Sales Agreements for Execution
In August of 2019, Ideanomics and MEG announced a joint venture with iUnicorn, to procure and finance 90,000 taxis for the city of Chengdu, in addition to other cities. In September of 2019, MEG announced the delivery of an additional 4,127 taxis, with confirmation of a further 11,000 to be delivered by the end of 2019. These are subject to the return of local government, to process the final rebate and registration approvals. We anticipate this occurring when the spring temperatures reduce the impact of the outbreak and cities return to normal levels of commerce and the resulting demand for public transportation is restored to pre-outbreak levels.
In November of 2019, Ideanomics and MEG announced an order from Yunnan province for 35,000 taxis, and an additional order for 2,300 taxis from the city of Guillin, in Guanxi province. Both of these orders are delayed due to the closure of non-essential local government services, which we anticipate returning to normal in a similar manner to the iUnicorn JV.
In addition to the sales agreements mentioned above, the MEG team has developed a diverse pipeline of sales orders, with interest and activities in all four of its EV revenue divisions of Heavy Trucks, Buses and Coaches, Logistical Vehicles, and Taxis. In lieu of the lease financing funds availability, MEG has been pursuing bespoke financing for each order, respectively. Furthermore, the recently announced Qingdao sales center activities will help further augment sales going forward.
E. Global EV Sales Expansion
In March of 2019, Ideanomics announced the acquisition of 51% of Malaysia-based EV manufacturer and distributor, Treeletrik. Since the acquisition, Treeletrik has hired an experienced CEO from the automotive industry, increased its sales and after sales operations, upgraded the land secured under the acquisition from leasehold to title holder, secured orders elsewhere in the ASEAN region, and is in negotiations to bring in a number of Chinese EV manufacturing and EV battery partners to help round out its KD and assembly activities such that it can scale its supply operations to ensure order fulfilment.
Outside of Asia, MEG has received some preliminary order inquiries in the Middle East and plans to broadly expand its global footprint once all of its China-based activities are under way.
F: Energy Sales
MEG's core strategy is to acquire fleet customers, through offering innovative and cost-efficient transition to EV, such that we transition the consumption of energy from Gasoline and Diesel onto cleaner Electricity. MEG has signed numerous joint venture and strategic partnership agreements to help develop its relationships in this regard and plans to sell both pre-paid electricity at a discount to fleet operators, as well as participate in the lucrative EV charging market. Each of these is valid and in process for normal course of business, with the major highlights detailed below.
In July of 2019, Ideanomics announced agreements with Three Gorges, to include Tianda Energy and Ding Fang, and Palcan Energy to finance and develop EV fast charging networks. MEG has continued to explore these and other EV fast charging technologies, including those from our EV battery partners, as detailed in the PetroChina update below.
In September 2019, Ideanomics and MEG announced a joint venture with PetroChina, to begin a project to repurpose gas stations to EV fast charging stations, starting with the city of Nanjing. To date, as there is rapidly-evolving technology development in the areas of EV charging and energy management and storage solutions, we are dependent on the certification of new technologies and apparatus for commercial use such that we ensure the most up to date technologies and charging experience are deployed.
G: Other Financial Services / ABS
In August of 2018, Ideanomics announced an agreement with NTC to provide ABS refinancing for buses in several China cities, including Tianjin. Subsequently, Ideanomics announced agreements in January of 2019 with financial institutions to provide financing and other services to support the ABS under the NTC agreement.
The debt rating of Tianjin at municipal level, along with delayed deliveries from manufacturers, has proved challenging for underwriting and issuance of ABS. In June of 2019, Ideanomics signed an agreement with EV bus and battery manufacturer Yinlong covering both China and Ex-China activities. As Yinlong had already delivered 5.1Billion RMB of manufacturer financed EV buses in Tianjin, outside of the Ideanomics agreement, we began discussions in late Q3 / early Q4 with Yinlong to reorganize the registration and recording of those delivered assets such that they can be compliant with ABS requirements. That activity is underway, albeit it was disrupted and delayed by the Coronavirus activities in the region. Additionally, MEG plans to work closely with Yinlong in 2020 to help support the delivery of additional city bus orders in order to facilitate the ABS refinancing accordingly.
In June of 2019, Ideanomics and MEG announced a joint venture with GCL, to include GCL contributing guaranteed sales orders of 500,000 logistical vehicle orders over the next three years. These orders will require financing under the lease financing activities covered in section A, as the original barter-plus-subsidy deal put in place is not being accepted by manufacturers. Several of the small to mid-size orders from the GCL order flow are currently in the pipeline to help develop and streamline the deal expediting process of our lease financing activities.
About Ideanomics Ideanomics (Nasdaq:IDEX) is a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and Fintech products. Its electric vehicle division, Mobile Energy Global (MEG) provides financial services and incentives for commercial fleet operators, including group purchasing discounts and battery buy-back programs, in order to acquire large-scale customers with energy needs which are monetized through pre-paid electricity and EV charging offerings. Ideanomics Capital includes DBOT ATS and Intelligenta which provide innovative financial services solutions powered by AI and blockchain. MEG and Ideanomics Capital provide our global customers and partners with better efficiencies and technologies and greater access to global markets.
The company is headquartered in New York, NY, and has offices in Beijing, China.
submitted by SureSpeech5 to investing [link] [comments]


2020.03.03 15:54 SureSpeech5 IDEX - Ideanomics' MEG Sales Subsidiary Receives Investment from Qingdao City at 2 Billion RMB valuation

Ideanomics' MEG Sales Subsidiary Receives Investment from Qingdao City at 2 Billion RMB valuation

News Release
- Initial investment received is ¥50 Million RMB (approx. $7.2M US) - Follow-on investments up to a total of ¥200 Million RMB (approx. $29M US) - ¥200 Million RMB secures a 10% stake in MEG sales subsidiary at ¥2 Billion RMB (approx. $288M US) valuation
NEW YORK /PRNewswire/ -- Ideanomics, (NASDAQ: IDEX) ("Ideanomics" or the "Company"), has today announced that its MEG Group subsidiary Qingdao Mobile New Energy Vehicle Sales Co. Ltd. has received an initial investment of ¥50 Million RMB (approx. $7.2M US) from Qingdao Xingyang City Investment Co., Ltd. as part of a series of investments valuing the subsidiary at ¥2 Billion RMB (approx. $288M US).
The follow-on investments will come as the newly formed MEG-owned sales group realizes sales targets of ¥10 Billion RMB per additional investment tranche of 50 Million RMB, with the full ¥200 Million RMB investment for a 10% stake in Qingdao Mobile New Energy Vehicle Sales Co. Ltd. achieved when gross sales reach ¥30 Billion RMB (approximately $4B US). Ideanomics had previously announced its plans to headquarter its MEG subsidiary in Qingdao, creating a commercial EV hub to showcase the depth of its manufacturing partner alliance to both governmental and enterprise fleet operators.
"The investment comes at an important time, with our MEG division ramping up operations. The investment from Qingdao's investment fund is a recognition of our impact on the commercial EV ecosystem in China," said Alf Poor, CEO of Ideanomics. "We have already taken in the initial investment, and the sales targets for the full investment will require MEG to sell around one hundred thousand units in total EV sales across our 4 segments of Logistical Vehicles, Taxis, City and Tour Buses, and Heavy Trucks. As the logistical vehicle market in China alone is some 14 million vehicles, it provides us with the size and scale to achieve those sales' targets with a relatively minor share of the total commercial EV market. We're thrilled to be basing our sales group in Qingdao and having the city participate as a stakeholder in our sales organization".
About Ideanomics
Ideanomics is a global Financial Technology (Fintech) company for transformative industries. Ideanomics combines deal origination and enablement with the application of technologies such as artificial intelligence, blockchain, and others as part of the next- generation of smart financial services. Our projects in New Energy Vehicle markets, Fintech, and advisory services provide our customers and partners better efficiencies, technologies, and access to global markets. The Ideanomics Mobile Energy Global (MEG) its key EV operating segments are Heavy Duty commercial, for closed area environments, such as Mining, Steel Mills, Airports, and Seaports, Light commercial last-mile logistics vehicles, Buses and Coaches, and Taxis.
The company is headquartered in New York, NY, and has offices in Beijing, China. It also has a planned global center for Technology and Innovation in West Hartford, CT, named Fintech Village.



_______________________________________________________________________________________
"Summary"

NASDAQ: IDEX - Ideanomics
Capitalizing on the Electric Vehicle Revolution
"Focused on facilitating end-to-end solutions for the purchase of commercial electric vehicles & developing next generation of financial services and Fintech products"
Key Investment Highlights


Overview
Ideanomics, Inc. trades on the Nasdaq under the symbol IDEX is based in New York, NY, USA, and has offices in Beijing, China.
Ideanomics is a diversified company and primarily operates in the United States and Asia with reported assets of $164,763,676 along with revenues of $ 43,286,378 (Q-3 2019).
Its main operating division is the Mobile Energy Group (MEG) which has been focusing on the expanding global electric-vehicle market.
MEG specializes with companies that have commercial fleets that require by law and government zero emissions mandates to acquire new electric vehicles for their businesses.
Called the "Amazon Platform" for EV with end to end sales & services where enterprises can have full procurement, financing, insurance, batteries and energy supplies along with subsidies for the adoption of electric commercial vehicles.
Over the next 2 years in China more than 24 million commercial vehicles will be required to be replaced with electric vehicles. Ideanomics is well established and strategically positioned to gain a substantial market share of this EV business opportunity.
In Q3 2019, MEG’s China EV unit turned a profit with only 4,172 taxis sold and delivered, only a small fraction of the 1.2 million taxis available for EV adoption.
In August 2019, MEG completed its first sales order of 11,000 e-Taxis for City of Chengdu, China, secured an order in Yunnan Province for 35,000 EV taxis and another order in Guilin, Guanxi Province for 2,300 EV taxis in November 2019.
MEG operates through partnerships with China’s largest automakers, Build Your Dreams (China) (BYD) and Beijing Automotive Industry Co. (BAIC) as well as 24 transportation and 8 financial partners as an end-to-end solutions provider with vehicle procurement, financing, battery charging and energy management needs.
In July 2019, Ideanomics invested in Glory Connection Snd. Bhd, (Glory) a vehicle manufacturer based in Malaysia. Glory holds the only license granted to date for the manufacturing of electric vehicles in Malaysia and is in the process of setting up its manufacturing and assembly capabilities.
Ideanomics’ FinTech division consist of its ownership of the Delaware Board of Trade (DBOT) an Alternative Trading System, Intelligenta a marketing AI solutions company that serves the Financial Services industry and a new FinTech Village, a 58-acre development site in West Hartford, Connecticut.
The fintech business division offers customized services based on best-in-class blockchain, AI and other technologies to mature and emerging businesses across various industries. The company is building a financial technology ecosystem through license agreements, joint ventures and strategic investments, which is referred to as Ideanomics’ “Fintech Ecosystem”.
Share Structure Sept 30, 2019
Market Cap $88,849,138
Outstanding Shares 162,076,044
Restricted Shares 74,424,144
Unrestricted Shares 87,651,900
52 Week Hi-lo $2.84-$0.43
Assets - $164,763,676
Revenues - $ 43,286,378
Institutional Ownership: BlackRock, Vanguard, State Street, Fidelity,
Charles Schwab, Barclay's Capital
http://www.ideanomics.com/
submitted by SureSpeech5 to StockMarket [link] [comments]


2020.03.02 06:15 SureSpeech5 Ideanomics & Electric Vehicle Revolution

NASDAQ: IDEX - Ideanomics
Capitalizing on the Electric Vehicle Revolution
"Focused on facilitating end-to-end solutions for the purchase of commercial electric vehicles & developing next generation of financial services and Fintech products"
Key Investment Highlights


Overview
Ideanomics, Inc. trades on the Nasdaq under the symbol IDEX is based in New York, NY, USA, and has offices in Beijing, China.
Ideanomics is a diversified company and primarily operates in the United States and Asia with reported assets of $164,763,676 along with revenues of $ 43,286,378 (Q-3 2019).
Its main operating division is the Mobile Energy Group (MEG) which has been focusing on the expanding global electric-vehicle market.
MEG specializes with companies that have commercial fleets that require by law and government zero emissions mandates to acquire new electric vehicles for their businesses.
Being the "Amazon Platform" for end to end sales & services where enterprises can have full procurement, financing, insurance, batteries and energy along with subsidies for the adoption of electric commercial vehicles.
Over the next 2 years in China more than 24 million commercial vehicles will be required to be replaced with electric vehicles. Ideanomics is well established and strategically positioned to gain a substantial market share of this EV business opportunity.
In Q3 2019, MEG’s China EV unit turned a profit with only 4,172 taxis sold and delivered, only a small fraction of the 1.2 million taxis available for EV adoption.
In August 2019, MEG completed its first sales order of 11,000 e-Taxis for City of Chengdu, China, secured an order in Yunnan Province for 35,000 EV taxis and another order in Guilin, Guanxi Province for 2,300 EV taxis in November 2019.
MEG operates through partnerships with China’s largest automakers, Build Your Dreams (China) (BYD) and Beijing Automotive Industry Co. (BAIC) as well as 24 transportation and 8 financial partners as an end-to-end solutions provider with vehicle procurement, financing, battery charging and energy management needs.
In July 2019, Ideanomics invested in Glory Connection Snd. Bhd, (Glory) a vehicle manufacturer based in Malaysia. Glory holds the only license granted to date for the manufacturing of electric vehicles in Malaysia and is in the process of setting up its manufacturing and assembly capabilities.
Ideanomics’ FinTech division consist of its ownership of the Delaware Board of Trade (DBOT) an Alternative Trading System, Intelligenta a marketing AI solutions company that serves the Financial Services industry and a new FinTech Village, a 58-acre development site in West Hartford, Connecticut.
The fintech business division offers customized services based on best-in-class blockchain, AI and other technologies to mature and emerging businesses across various industries. The company is building a financial technology ecosystem through license agreements, joint ventures and strategic investments, which is referred to as Ideanomics’ “Fintech Ecosystem”.
Share Structure Sept 30, 2019
Market Cap $88,849,138
Outstanding Shares 162,076,044
Restricted Shares 74,424,144
Unrestricted Shares 87,651,900
52 Week Hi-lo $2.84-$0.43


Assets - $164,763,676
Revenues - $ 43,286,378
Institutional Ownership: Fidelity, BlackRock, Vanguard, Charles Schwab, Barclay's Capital

http://www.ideanomics.com/
submitted by SureSpeech5 to pennystocks [link] [comments]


2020.03.02 06:07 SureSpeech5 Will this stock rebound with Electric Vehicles Sales to Grow by 25.6 % CAGR ?

It's not good that in the markets with the Corona Virus causing so much selling with so many stocks.
Will this stock return to $1-2 after the Corona Virus problem stabilizes ? If it does these prices are a bargain, and nice profits to come !
NASDAQ: IDEX - Ideanomics
"Focused on facilitating end-to-end solutions for the purchase of commercial electric vehicles & developing next generation of financial services and Fintech products"
Key Investment Highlights
• EV World Market Growth CAGR of 25.6% • Institutional Ownership • Stock Trades Below Book Value • Doing Business In the Largest Market in the World • Strong Experienced Management • 2020 Exponential Growth
Overview
Ideanomics, Inc. trades on the Nasdaq under the symbol IDEX is based in New York, NY, USA, and has offices in Beijing, China.
Ideanomics is a diversified company and primarily operates in the United States and Asia with reported assets of $164,763,676 along with revenues of $ 43,286,378 (Q-3 2019).
Its main operating division is the Mobile Energy Group (MEG) which has been focusing on the expanding global electric-vehicle market.
MEG specializes with companies that have commercial fleets that require by law and government zero emissions mandates to acquire new electric vehicles for their businesses.
Being the "Amazon Platform" for end to end sales & services where enterprises can have full procurement, financing, insurance, batteries and energy along with subsidies for the adoption of electric commercial vehicles.
Over the next 2 years in China more than 24 million commercial vehicles will be required to be replaced with electric vehicles. Ideanomics is well established and strategically positioned to gain a substantial market share of this EV business opportunity.
In Q3 2019, MEG’s China EV unit turned a profit with only 4,172 taxis sold and delivered, only a small fraction of the 1.2 million taxis available for EV adoption.
In August 2019, MEG completed its first sales order of 11,000 e-Taxis for City of Chengdu, China, secured an order in Yunnan Province for 35,000 EV taxis and another order in Guilin, Guanxi Province for 2,300 EV taxis in November 2019.
MEG operates through partnerships with China’s largest automakers, Build Your Dreams (China) (BYD) and Beijing Automotive Industry Co. (BAIC) as well as 24 transportation and 8 financial partners as an end-to-end solutions provider with vehicle procurement, financing, battery charging and energy management needs.
In July 2019, Ideanomics invested in Glory Connection Snd. Bhd, (Glory) a vehicle manufacturer based in Malaysia. Glory holds the only license granted to date for the manufacturing of electric vehicles in Malaysia and is in the process of setting up its manufacturing and assembly capabilities.
Ideanomics’ FinTech division consist of its ownership of the Delaware Board of Trade (DBOT) an Alternative Trading System, Intelligenta a marketing AI solutions company that serves the Financial Services industry and a new FinTech Village, a 58-acre development site in West Hartford, Connecticut.
The fintech business division offers customized services based on best-in-class blockchain, AI and other technologies to mature and emerging businesses across various industries. The company is building a financial technology ecosystem through license agreements, joint ventures and strategic investments, which is referred to as Ideanomics’ “Fintech Ecosystem”.
Share Structure Sept 30, 2019 Market Cap $88,849,138 Outstanding Shares 162,076,044 Restricted Shares 74,424,144 Unrestricted Shares 87,651,900 52 Week Hi-lo $2.84-$0.43
Assets - $164,763,676 Revenues - $ 43,286,378
Institutional Ownership: Fidelity, BlackRock, Vanguard, Charles Schwab, Barclay's Capital
http://www.ideanomics.com/
submitted by SureSpeech5 to Stock_Picks [link] [comments]


2020.03.02 05:59 SureSpeech5 Ideanomics & Electric Vehicles ?

Will companies like Ideanomics have a good 2020 with increased revenues & EPS with world EV sales growing 25.6% CAGR ?
NASDAQ: IDEX - Ideanomics
"Focused on facilitating end-to-end solutions for the purchase of commercial electric vehicles & developing next generation of financial services and Fintech products"
Key Investment Highlights
• EV World Market Growth CAGR of 25.6% • Institutional Ownership • Stock Trades Below Book Value • Doing Business In the Largest Market in the World • Strong Experienced Management • 2020 Exponential Growth
Overview
Ideanomics, Inc. trades on the Nasdaq under the symbol IDEX is based in New York, NY, USA, and has offices in Beijing, China.
Ideanomics is a diversified company and primarily operates in the United States and Asia with reported assets of $164,763,676 along with revenues of $ 43,286,378 (Q-3 2019).
Its main operating division is the Mobile Energy Group (MEG) which has been focusing on the expanding global electric-vehicle market.
MEG specializes with companies that have commercial fleets that require by law and government zero emissions mandates to acquire new electric vehicles for their businesses.
Being the "Amazon Platform" for end to end sales & services where enterprises can have full procurement, financing, insurance, batteries and energy along with subsidies for the adoption of electric commercial vehicles.
Over the next 2 years in China more than 24 million commercial vehicles will be required to be replaced with electric vehicles. Ideanomics is well established and strategically positioned to gain a substantial market share of this EV business opportunity.
In Q3 2019, MEG’s China EV unit turned a profit with only 4,172 taxis sold and delivered, only a small fraction of the 1.2 million taxis available for EV adoption.
In August 2019, MEG completed its first sales order of 11,000 e-Taxis for City of Chengdu, China, secured an order in Yunnan Province for 35,000 EV taxis and another order in Guilin, Guanxi Province for 2,300 EV taxis in November 2019.
MEG operates through partnerships with China’s largest automakers, Build Your Dreams (China) (BYD) and Beijing Automotive Industry Co. (BAIC) as well as 24 transportation and 8 financial partners as an end-to-end solutions provider with vehicle procurement, financing, battery charging and energy management needs.
In July 2019, Ideanomics invested in Glory Connection Snd. Bhd, (Glory) a vehicle manufacturer based in Malaysia. Glory holds the only license granted to date for the manufacturing of electric vehicles in Malaysia and is in the process of setting up its manufacturing and assembly capabilities.
Ideanomics’ FinTech division consist of its ownership of the Delaware Board of Trade (DBOT) an Alternative Trading System, Intelligenta a marketing AI solutions company that serves the Financial Services industry and a new FinTech Village, a 58-acre development site in West Hartford, Connecticut.
The fintech business division offers customized services based on best-in-class blockchain, AI and other technologies to mature and emerging businesses across various industries. The company is building a financial technology ecosystem through license agreements, joint ventures and strategic investments, which is referred to as Ideanomics’ “Fintech Ecosystem”.
Share Structure Sept 30, 2019 Market Cap $88,849,138 Outstanding Shares 162,076,044 Restricted Shares 74,424,144 Unrestricted Shares 87,651,900 52 Week Hi-lo $2.84-$0.43
Assets - $164,763,676 Revenues - $ 43,286,378
Institutional Ownership: Fidelity, BlackRock, Vanguard, Charles Schwab, Barclay's Capital
http://www.ideanomics.com/
submitted by SureSpeech5 to stocks [link] [comments]


Lara Smart Home - YouTube Best matchmaking service in Toronto How Scams Work - Online International Dating Schemes Best free dating services for over 50 Jasmine Sanders  Advice on Interracial Dating

EliteSingles One of the best dating sites for educated ...

  1. Lara Smart Home - YouTube
  2. Best matchmaking service in Toronto
  3. How Scams Work - Online International Dating Schemes
  4. Best free dating services for over 50
  5. Jasmine Sanders Advice on Interracial Dating
  6. Professional Matchmaker Dating Service in the Twin Cities for busy Professionals
  7. Mantelligence - YouTube

Professional Matchmaker Dating Service in the Twin Cities for busy Professionals ... We search extensively all over the U.S. to create an endless database of emotionally and intellectually ... Match has announced the latest dating innovation as it launches an artificial intelligence dating coach available on a smart home device. The launch, a first for the UK, comes after working ... MantelligenceDating is a community of guys that are tired of being in the friend zone. Our community will help you understand women, attract them naturally, ... Lyons Elite is a high end matchmaking service where successful people meet exceptionally beautiful and intelligent matches in a confidential and relaxing manor. Are you looking for the person of ... I had to go into my archives and share the best advice I've heard on interracial relationships. This wisdom comes from the beautiful and intelligent Jasmine Sanders, co-host of the D.L. Hughley ... International Dating sites are fraught with scams and dangers where men with good hearts are being taken advantage of. Listen now as international relationsh... Best free dating services for over 50 http://50more.verifiedproducts.net 50more is a premium 50+ online dating site. Our service provides curated matches fro...