NEW YORK, June 24, 2020 /PRNewswire/ — Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Firm”) is happy to announce it has entered right into a collection of agreements with the City of West Hartford over its 58-acre property which it had acquired in October 2018 to develop as a fintech village know-how park.
The 2 events entered right into a collection of agreements which embody extending the ball subject leases in exchange for the city assuming the landscaping of the 58-acre web site. Moreover, the city of West Hartford has secured a proper of first refusal to buy the property and can conduct due diligence to discover the viability of buying the location to convey it beneath the city’s management.
“The City of West Hartford has been supportive of the Fintech Village plans all through the acquisition and remediation phases of the undertaking, so we’re happy to have the ability to enter into these agreements which allows the city discover a path to securing the athletic and baseball fields on the location that are an essential a part of the group,” stated Alf Poor, CEO of Ideanomics. “I’m happy for the Mayor, the Township Supervisor, and their employees who work tirelessly for the perfect pursuits of their group. As we alter our enterprise to focus extra on the alternatives within the electrical car sector, we wished to discover a associate who would proceed to develop the property in a way that enriches the city of West Hartford. We look ahead to working with them on the opportunity of their buying the property, as they’d be glorious custodians of the location.”
Ideanomics is a worldwide firm centered on facilitating the adoption of business electrical autos and growing subsequent era monetary companies and Fintech merchandise. Its electrical car division, Cellular Power International (MEG) supplies group buying reductions on business electrical autos, EV batteries and electrical energy in addition to financing and charging options. Ideanomics Capital consists of DBOT ATS and Intelligenta which offer revolutionary monetary companies options powered by AI and blockchain. MEG and Ideanomics Capital present our world clients and companions with higher efficiencies and applied sciences and higher entry to world markets.
The corporate is headquartered in New York, NY, and has places of work in Beijing, Guangzhou and Qingdao, China.
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