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WRIT Media Group Inks Deal With Optical Digital Transmission Company for Crypto Mining Transistor Technology
WRIT Media Group Inks Deal With Optical Digital Transmission Company for Crypto Mining Transistor Technology.
About this update from Writ Media Group, Inc.
[{"type":"text","content":"\n\n\n\nWRIT Media Group Inks Deal With Optical Digital Transmission Company for Crypto Mining Transistor Technology\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nWRIT Media Group Inks Deal With Optical Digital Transmission Company for Crypto Mining Transistor Technology\nPR Newswire\nBEVERLY HILLS, Calif., Jan. 22, 2018\n\n\n\nBEVERLY HILLS, Calif., Jan. 22, 2018 /PRNewswire/ -- WRIT Media Group, Inc. (OTCQB: WRIT) has signed a Memorandum of Understanding with Optical Digital Transmission Company (\"ODTC\") to purchase 10% of the outstanding equity in ODTC and to collaborate on the development of crypto mining processor technology. Optical Digital Transmission Company has developed an optical transistor technology, as registered under US patent US7053359B2, which uses optical transistors for computing. Optical transistors have the potential to exceed the speed of electronic transistors, while consuming less power and emitting less heat. In addition to bringing innovative crypto mining technology to WRIT's Pelecoin software platform, the new deal will include partial ownership in the US patent, which has value across a wide variety of other computing systems.\n\n\"In Optical Digital Transmission Company we feel we have found a good technology partner that can help us grow our crypto mining business via truly unique product offerings, and take us ahead of our competitors for years to come,\" said Chief Executive Eric Mitchell. \"This will be a win-win for both organizations and we will explore similar agreements with other technology companies that represent tangible strategic value for our Pelecoin digital currency software.\"\n\nWRIT Media's Pelecoin (\"PLCN\") is a token which is emitted based on the Pelecoin software platform that enables the simultaneous \"mining\" of a basket of up to fifty crypto-currencies, combined with a trading algorithm that liquidates the most profitable coins and/or trades between them to make the basket more valuable. \n\nIn addition to enhancing the features of its Pelecoin technology, WRIT Media Group is investing in client acquisi...