ICOx Innovations Inc. (“ICOx”) (TSXV and OTCQB: ICOX), which designs, builds and manages digital currencies so organizations can grow their businesses by attracting, engaging and retaining customers through the creation of their own digital currency, announced today that, RYDE Holding Inc., ICOx’s client and the creator and operator of the KODAKOne Image Rights Management Platform, signed a partnership with Image Protect Inc. (OTC:IMTL).
The partnership will integrate Image Protect’s License Recovery Unit with RYDE Holding’s KODAKOne platform which will add thousands of new copyright infringement cases and numerous new digital rights holder clients to the KODAKOne platform. Additionally, this integration will generate a significant amount in infringement claims starting within the next two months.
“This is very exciting news for ICOx Innovations’ client RYDE Holding Inc. This collaboration will result in increases across the board in use cases, new clients and revenues, in addition to extending global services. This is the first in many great partnerships.” noted ICOx Innovations President, Bruce Elliott.
Jan Denecke, CEO of RYDE Holding said “We are very excited about our partnership with Image Protect. Together, we will continue to help protect digital storytellers worldwide. Additional cases provided by Image Protect ultimately compliment and fortify our presence in North America, Europe and SE Asia.”
Matthew Goldman, CEO Image Protect noted, “Through KODAKOne’s global post-licensing service we now extend our service offer to our clients by additionally recovering licenses from new markets such as Europe and SE Asia. This integration provides an opportunity for both the companies to generate and share untapped image infringement claims that will benefit both the companies by generating significant additional revenues.”
The RYDE and Image Protect partnership will be implemented over the coming quarter, with infringement identification, fee collections and revenues targeted to commence in August 2019.
About ICOx Innovations
ICOx Innovations (TSXV and OTCQB: ICOX) creates and manages digital currencies for innovative brands to grow their businesses – attracting, engaging and retaining their customers through the creation and use of their own digital currency. ICOx enables brands to provide additional payment options at lower costs while owning more of the transactional data chain and driving new models for customer loyalty. ICOx leverages its expertise in blockchain technology and regulatory compliance to deliver branded digital currencies for its clients.
For more information on ICOx Innovations, please visit us at: www.icoxinnovations.com. For additional investor info visit www.icoxinnovations.com or www.sedar.com and www.sec.gov searching symbol ICOX.
About RYDE Holding, Inc.
RYDE Holding, Inc. (formerly WENN Digital, Inc.), a brand licensee of Eastman Kodak Company, is the creator and operator of the KODAKOne Platform and the KODAKCoin Tokens. RYDE and its advisors are an experienced development and operations team with expertise in proprietary blockchain development, big data, copyright law, AI-enabled image recognition and post-licensing monetization systems. For more information, go to kodakone.com.
Company Contact
Bruce Elliott, President
Phone: 424-570-9446
Bruce.elliott@icoxinnovations.com
Media Contact
ICOx Innovations
Arian L. Hopkins
Communications, ICOx Innovations
arian@icoxinnovations.com
Phone: 424-570-9446 ext. 2
Investor Inquiries
Phone: 424-570-9446 ext. 8
ir@icoxinnovations.com