Preferred Dental Technologies Inc. Signs Letter of Intent to Adopt Blockchain Tracking Platform for 3D Printed Dental Components

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Return to homepage

(TheNewswire)

Winnipeg, Manitoba – TheNewswire - November 7 - Preferred Dental Technologies Inc. (CNSX:PDTI.CN) (OTC:PDTTF), is pleased to announce it has signed a Letter of Intent with Thorgrid Corp., the developer of the ‘Provenance X’ software platform to explore and implement applications based on this blockchain based  system.  

PDTI has developed a patented series of innovative dental abutment components for use with the EAS Series. The company was interviewed on the technology by the leading industry analysis firm for the 3D printing industry, SmarTech Publishing for their report, 3D Printing in Dentistry 2018. (For details on how to access the full research report, visit SmarTech Publishing’s website). These additional patents will allow for the EAS Series to utilize both milling and 3D printing for the manufacture of custom dental implant components, making our system the only one to allow the flexibility of technique bridging both traditional and digital dental processes. As Scott Dunham, Vice President of Research for SmarTech stated, “Print technologies have already had a massive impact on the dental prosthetics market, but as demand for implant-supported restorations grows worldwide, it will be up to companies like Preferred Dental to bring the potential benefits of 3D printing to dental practitioners, and ultimately to patients.”

As part of our commitment to bring these benefits to our digital processes and our continuing development of the technologies involved, PDTI identified a gap in supply chain and product tracking for regulatory and quality control. With this letter of intent, we are moving to solve this gap by working with Thorgrid Corp. in utilizing its recently announced ‘Provenance X’ solution. The platform is based off the Ripple XRP blockchain to provide transparent access to key product information and supply chain and manufacturing collation. PDTI. President, Mr. Erik Siegmund stated: “In today’s economy and especially with products such as PDTI’s digital EAS Series components, the ability of customers to connect with data in easy and transparent ways brings impact to a brand. I feel working with the developer of ‘Provenance X’ will open up new solutions for PDTI and look forward to us making this possible.”


Provenance X’s recent announcements have garnered positive attention within the blockchain community including industry influencers.

Learn more about ‘Provenance X’ at: https://www.provenancex.net or on Twitter @provenance_x

MISSION – INNOVATIVE & PRACTICAL SOLUTIONS FOR THE DENTAL INDUSTRY

Visit: www.prefdent.com

 

On behalf of Preferred Dental Technologies Inc.

Erik Siegmund

Chief Executive Officer

Email: [email protected]

Tel: 204.691.3722

www.prefdent.com

All product names referenced herein are trademarks of their respective companies.  

This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release may include, but is not limited to, the Company's objectives, goals or future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither The Canadian Securities Exchange nor its Regulations Services Provider (as that term is defined in the policies of The Canadian Securities Exchange accepts any responsibility for the adequacy or accuracy of this release.

Copyright (c) 2019 TheNewswire - All rights reserved.