MineHub Technologies Inc. (OTCMKTS:MHUBF) (TSXV:MHUB) and Sumitomo Corporation Collaborate to Boost Digitalization of Supply Chains

Shares of MineHub Technologies Inc. (OTCMKTS:MHUBF) (TSXV:MHUB) have been moving within a narrow range over the past few sessions.

Market Action

On Friday, MHUBF stock ended flat at $0.7111 with 400 shares, compared to its average volume of 2K shares. The stock moved within a range of $0.7111 – 0.7111 after opening trade at $0.7111.

MineHub Technologies and Sumitomo Corporation Partner to Accelerate the Digital Transformation of Industrial Supply Chains

MineHub Technologies Inc. (OTCMKTS:MHUBF) (TSXV: MHUB)  has announced on February 10, 2022, about collaborating with Sumitomo Corporation, for bringing efficiency, transparency and responsibility to industrial supply chains. The initial focus is to be on mining and metals though.

Discussions between MineHub and Sumitomo have been going on since 2020, and both companies have closely worked on product development from then. As per the partnership agreement, Sumitomo and MineHub are all set to expand the MineHub core platform services with innovative solutions and value propositions.

Sumitomo will promote the MineHub platform and solutions to its huge network of suppliers, customers and partners all over the world. On the other hand, MineHub will work on incorporating its existing presence in Japan, and also expand its operations there further, to support its growing market presence. Sumitomo and its customers can now utilize the MineHub platform to unlock value through digitalization.

Arnoud Star Busmann, CEO of MineHub, is thrilled about the partnership as Sumitomo Corporation is one of the most prominent and internationally recognized Japanese organizations, and has a significant presence in the global non-ferrous metals market. He is confident that teaming up with this influential company is an excellent opportunity that will be beneficial to industrial supply chains.

Key Quote

Arnoud Star Busmann, CEO of MineHub, said “Sumitomo Corporation is one of the most prestigious and internationally recognised Japanese institutions. It is a large conglomerate with a formidable presence in the global non-ferrous metals market. Being able to team up with such an influential company and talented people is an incredible opportunity that will bring benefits to industrial supply chains everywhere – and to the planet.”