AGEDB Technology Ltd. Acquires Patents to Enhance Data Processing and Graph Database Technologies

TORONTO, Aug. 12, 2024 — AGEDB Technology Ltd., a leading provider of enterprise database solutions, is pleased to announce the acquisition of several strategic patents. This acquisition represents a significant milestone for AGEDB, further solidifying its position at the forefront of innovation in data processing and graph database technologies.

Key Highlights of the Acquisition:

• The acquisition involves three patents crucial to the advancement of data processing and graph database technologies.
• This strategic move aligns with AGEDB’s commitment to providing cutting-edge solutions and enhancing its technological capabilities.
• Patents, acquired from AGEDB principal shareholder, Bitnine Holdings, Inc., were previously only licensed to AGEDB.
• AGEDB will make three annual payments to Bitnine equal to 10% of AGEDB annual revenue on first, second and third anniversaries to own 100% of the patent rights replacing annual licensing only royalties of 30% first year, 20% second year and 10% each year thereafter, of revenue from use of the patents.
• Patents valued by independent third party valuator at $7,390,000.

The acquisition of these patents will significantly bolster AGEDB’s ability to develop innovative data processing and graph database technologies. These advancements are expected to provide enhanced solutions to AGEDB’s customers, driving forward the progress in enterprise database technology.

“We are excited about this acquisition and the significant value it brings to our technological portfolio,” said Young Seung Ko, CEO of AGEDB Technology Ltd. “These patents represent substantial advancements in data processing and graph database systems, and their integration will enable us to offer even more robust and efficient solutions to our clients.”

About AGEDB

AGEDB Technology Ltd. (TSXV: AGEDB) is a leading provider of enterprise database solutions based in Toronto, Ontario. The company specializes in advanced database technologies, including graph databases and data processing systems, offering robust solutions to clients worldwide.

Source: AGEDB