SYDNEY and NEW
YORK, June 9, 2022 /PRNewswire/ -- Integrated
Media Technology Limited (NASDAQ: IMTE) ("IMTE" or the "Company"),
announces today that the Company's subsidiary World Integrated
Supply Ecosystem Sdn. Bhd. ("WISE") has entered into a memorandum
of understanding with Central Islamic Council of Thailand (CICOT), the Halal Standards
Institute of Thailand and the
Halal Science Center Chulalongkorn
University Thailand (together as "Thailand Partners"), to
establish a strategic partnership to collaborate in Halal affairs
including establishing standards, inspection, certification, Halal
forensic science laboratory and research exchanges.
The Thailand Partners are to actively provide and assist WISE to
procure Halal products in Thailand. The Thailand Partners are well
placed in the Thailand markets to
identify Thai companies for collaboration in purchasing process,
quality control, risk assessment, and operation management. In
addition, the parties will actively develop innovative online
cooperation to promote Halal products through online platform
events and trade promotions, as well as on organizing joint
academic events such as online training courses, conferences and
seminars. The parties shall also share resources including
the use the name and logo of the Thailand Partners on marketing
materials and websites as a "strategic partner".
Mr. Xiaodong Zhang, IMTE's CEO
stated, "Thailand is one of
the world's most important food producers with huge production and
export potential for Halal products. We look forward to working
with these 3 esteemed organizations to develop Thailand as one of our key strategic sourcing
channels. This MOU lays the foundation for sourcing an array of
Halal products to our European distributors and will boosted our
Halal business in Southeast Asia
and the world."
About Central Islamic Council of Thailand ("CICOT")
CICOT is the government body responsible for the certification,
monitoring, and supervision of Halal products in Thailand, as well as Islamic affairs for The
Muslim people of Thailand. The
Kingdom of Thailand is an
observer, represented by CICOT and the Halal Standards Association
of Thailand (HSIT). The CICOT's
main activities and services are government consultation, Halal
product certification, Halal publicity and promotion through
publications, radio, television, website, etc.
About Halal Standards Institute of Thailand ("HSIT")
The Halal Standards Institute of Thailand, an exclusive legal religious
organization, is administered by the Central Islamic Council of
Thailand (CICOT). The HSIT
was founded on August 11, 2003, to
formulate and administer Islamic religious affairs in the Kingdom
of Thailand. The regulations
governing the organization of the Islamic Act ("AOI Act") were
announced by Parliament and received royal assent on 17 October 1997. With budget support from the
Thai Government, the HSIT aims
to manage Islamic affairs in the kingdom of Thailand, comply with government policies and
promote the Thai food industry as the kitchen of the world.
About Halal Science Center Chulalongkorn
University Thailand ("Halal
Science Center")
The Halal Science Center is a
network of teaching center and laboratory in Thailand dedicated to maintaining Halal
standards. The Halal Science Center
currently has a collaboration with various laboratories in various
institutions in Thailand, focusing
on the technical research and development of Halal-related science
and the verification of Halal products and foods, as required by
the sanctity of Islamic law. The Halal Science Center also actively
disseminates knowledge about Halal products to the public through
seminars.
About Integrated Media Technology Limited ("IMTE")
IMTE is an Australian company engaged in the business of
manufacture and sale of nano coated plates for filters, the
manufacture and sale of electronic glass, Halal certification and
distribution of Halal products, the operating of an online exchange
platform for trading in digital assets and the provision of
financial research. For more information, please visit
www.imtechltd.com.
About World Integrated Supply Ecosystem Sdn. Bhd.
("WISE")
WISE is a Malaysia company
engaged in the business of providing Halal certification to
qualified businesses / operations, the establishment of Halal
products supply chain, and sale of Halal products
Safe Harbor Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, including those
regarding IMTE's expectations, intentions, strategies, and beliefs
pertaining to future events or future financial performance. Actual
events or results may differ materially from those in the
forward-looking statements because of various important factors,
including those described in the Company's most recent filings with
the SEC. IMTE assumes no obligation to update publicly any such
forward-looking statements, whether because of new information,
future events or otherwise. For a more complete description of the
risks that could cause our actual results
to differ from our current
expectations, please see the section
entitled "Risk Factors" in IMTE's annual
reports on Form 20-F and interim reports
on Form 6-K filed with the SEC, as such factors may be updated
from time to time in IMTE's periodic
filings with the SEC, which are accessible on the
SEC's website and at http://www.imtechltd.com.
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SOURCE Integrated Media Technology Limited