QBNK will supply DAM-platform QBank to engineering and development company CEVT.
CEVT gathers the top scientists and technicians from Sweden, China and the rest of the world in Gothenburg to develop the next generation of cars for the Geely Group, which includes Volvo Cars. CEVT's main use for QBank will be to manage the images, movies and additional market material from a central hub. Eventually the content stored in QBank will be expanded to include a larger portion of CEVT's digital assets. QBank will be integrated with CEVT's other systems and solutions, providing improved support for Digital Asset Management.
As CEVT is a subsisidiary to Zheijang Geely Group, the project allows QBank to be exposed to the Chinese market for the first time.
”This is a strategically important contract for us. The automotive industry are facing substantial changes and as QBank will be a central DAM-platform for CEVT, it gives us an important opportunity to enter the Chinese market. At the moment we have channels in the United States, Australia, Africa as well as China," says Carl Petruson, CEO of QBNK.
CEVT is a center for research and development of future cars of Geely. The company was founded in 2013 and their head quarters are located in Gothenburg, at the heart of the Swedish autmotive industry. CEVT is a subsidiary to Zheijang Geely Holding Group. CEVT currently has 1400 employees with the amibition to grow. The company is located at Lindholmen Science Park in Gothenburg and Hangzhou, Chine.
More information about the company can be found at www.cevt.se
About QBNK Holding AB (publ)
QBank's mission is to provide companies and government agencies cloud-based products and services in Digital Asset Management. The company develops their own products and supply them through partners for a provision. Clients are signed to subsrictions of 12, 24 or 36 months. The company has seen a profitable annual growth of 30 - 40% over the last four years.
The ticker symbol for the stock is: QBNK
ISIN code of the company's shares is: SE0007278726
For more information, please contact:
Carl Petruson, CEO
QBNK Holding AB (publ)
Tel: +46 8-459 99 90
Download Press Release (Swedish)