Business
IDGlobal Corp. Announces Details of Annual Report Including Noveda Gross Profit Increase of 3256%
IDGlobal Corp. Announces Details of Annual Report Including Noveda Gross Profit Increase of 3256%.
About this update from Idglobal Corp.
[{"type":"text","content":"DOWNERS GROVE, IL / ACCESSWIRE / March 2, 2022 / IDGlobal Corp. (OTC PINK:IDGC) is pleased to announce details of the annual report including the company's focal point Noveda Technology Inc. subsidiary, a patented energy monitoring platform solution that integrates consumption and generation data, the platform provides actionable real-time intelligence for owners, operators, users, as well as utilities. Noveda's technology helps reduce energy and water usage, optimize performance of renewable energy systems, and reduce the carbon footprint for customers world-wide. Implementation spans across commercial/retail, industrial, government, education, and utility sectors.The Company CEO, Sebastien C. DuFort stated, "The Company's strategy to focus on being a pure play Software as a Service (SaaS) provider has made great strides in the last fiscal year. The Company had increased revenue growth of 214% from $150,007 to $471,277, gross profit increased 3,256% from $10,637 to $356,949, and gross profit percentage increased from 7% in 2020 to 76% in 2021 (Most of our cost of services with the new model are fixed costs.)"As discussed in a prior press release, the Software Upgrades are slated to launch Q2 2022 which include replacing outdated Flash software whose life ended December 31, 2020, and the interim Flash Workaround App that was limited to Windows users. The Upgrade also includes the latest PHP version 8, full-fledged source code documentation, and computability with AWS infrastructure for additional computational services. Once through a short beta-testing phase of the new upgrades, the company also has two international licensing agreements to execute.ABOUT NOVEDACurrently headquartered in White Plains, New York, Noveda Technologies is an innovative leader in real-time, web-based energy and water monitoring. The company's patented software solutions help reduce energy and water usage, optimize performance of renewable energy systems, and reduce the carbon footprint for customers across commercial, retail, government, education, and utility sectors.ABOUT AZURE BLOCKCHAINAzure Blockchain will leverage its Blockchain strategy to include various tangible assets, which may include, gold, silver, and other mining assets, real estate, business assets, to name a few. Azure's development, use, and adaptation of blockchain technol...