Technology

Xigem Technologies offers solutions for a continuous transition to a remote economy

Xigem Technologies offers solutions for a continuous transition to a remote economy

Post-pandemic business success will be driven by the ability to adapt to the remote model

Toronto, Ontario–(Newsfile Corp. – March 9, 2022) – Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) (“Xigem“or the”Company“), a technology provider for the emerging remote economy, today commented on the lasting impact of the global shift to remote commerce. Even as physical workplaces reopen and pandemic-related restrictions are lifted , work-from-home and hybrid models will remain pervasive and business interactions will increasingly occur remotely.In response, successful organizations will need to deploy the right technology across the value chain.Xigem and its integrated stable of Patented and proprietary technologies are powered to provide key solutions to businesses looking to excel in this new atmosphere.

A Pew Research Center survey conducted in the United States in January 2022 found that more people are now working from home by choice (61%) rather than necessity (38%), and 78% of those currently working from home would like to keep doing that.1 A similar international study conducted by Future Forum found that 58% of knowledge workers have hybrid work arrangements allowing them to share their work between the office and remote environments.2

With so many people working remotely, key decisions are increasingly being made through technology channels. For example, the Harvard Business Review (“HBR”) recently described the challenges sales reps face in securing person-to-person interactions with buying teams during the sales process. More than 40% of B2B buyers would strongly prefer to avoid interactions with sellers altogether, instead relying on technology to meet all of their sourcing requirements. HBR believes that to succeed in this environment, businesses must move to a model where the entire sales cycle can be managed digitally.3

Xigem has brought together technologies that help organizations and consumers thrive in the remote economy. Its patented iAgent is a customer acquisition, conversion and retention application that enables virtual and face-to-face interaction anywhere in the world; and FOOi is a fintech mobile app that facilitates digital payments through peer-to-peer and peer-to-business financial transactions. Cylix Data is a business intelligence platform that leverages data to provide detailed insights into potential customers and business partners and help mitigate risk.

“As we approach the second anniversary of the start of the pandemic, it is clear that organizations must be ready to seamlessly transition to remote interactions and processes to succeed in the new normal,” said Brian Kalish, co-founder and director general. Xigem officer. “At Xigem, our goal is to provide tools to organizations seeking innovative technologies that enable effective management of their teams, customer relationships, payments, business risk and logistics in today’s world.”

Through its growing portfolio of technologies, including the proposed acquisition of a logistics software platform All B2B SourcesXigem provides tools that can help individuals and businesses navigate a rapidly changing economic landscape.

About Xigem Technologies Corporation

Based in Toronto, Ontario, Xigem is well positioned to become a leading technology provider for the emerging nearly trillion-dollar remote economy, with software capable of improving capacity, productivity and global remote operations for businesses, consumers and other organizations. iAgent, the company’s patented technology, FOOi, its proprietary peer-to-peer mobile payment application, and Cylix Data, its business intelligence engine, aim to provide organizations, businesses and consumers with the tools to thrive in a wide range of remote working, learning and processing environments, while the Company seeks to aggregate a portfolio of innovative technologies capable of disrupting traditional business models.

www.xigemtechnologies.com

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CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” within the meaning of applicable securities laws. Any statements contained herein that are not clearly historical in nature may constitute forward-looking statements.

Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “anticipates”, “expects” or “does not expect”, “is expected”, ” budget”, “planned”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or may contain statements that certain actions, events or results “could”, “could”, “would”, “could” or “will be taken”, “will continue”, “will occur” or “will be achieved”. forward-looking statements contained herein include, but are not limited to, statements regarding: the Company’s future business plans and strategies; changes in business practices related to developments in the workplace, technologies deployed and economy more generally; future capabilities, expansion and improvements to the products described herein; and the development of the remote economy.

The forward-looking information contained in this press release is based on certain assumptions and expected future events, namely: continued approval of the Company’s business by relevant governmental and/or regulatory authorities; continued market demand for the Company’s products; the continued development of the Company’s technologies; the continued growth and expansion of the Company; and the continued growth of the industry in which the Company operates.

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including, but not to limit therein: the Company’s potential inability to continue as an ongoing operation; risks associated with technology and data industries generally, including, but not limited to, the risk that such industries may not continue to develop or develop as expected; increased competition in technology and data markets; the potential future non-viability or limited viability of the Company’s product offerings; the risks associated with possible governmental and/or regulatory measures concerning the activities of the Company; risks associated with a potential collapse in the value of data-related services; the Company’s inability to improve the functionality of its product offerings; and risks relating to market demand for the Company’s products.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management when prepared, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise, or to explain any material differences between subsequent actual events and such forward-looking information, except as required by applicable law.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.

SOURCE: Xigem Technologies Corporation

On behalf of the company:
Brian Kalish, President and CEO

For more information:

Telephone: (647) 250-9824 ext. 4
Investors: [email protected]
Media: [email protected]

Twitter: @XigemTech
Instagram: @xigemtechnologies
Facebook: @xigemtechnologies
LinkedIn: www.linkedin.com/company/xigem-technologies
www.xigemtechnologies.com

1 Pew Research Center, The COVID-19 pandemic continues to reshape work in AmericaFebruary 16, 2022
2 forum of the future, Leveling the playing field in the hybrid workplaceJanuary 2022
3 Harvard Business Review, Traditional B2B sales and marketing are becoming obsoleteFebruary 1, 2022.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116048