MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) ("MineHub"), a leading provider of digital supply chain solutions for the commodity markets, is pleased to announce that it has signed an agreement with Elane Technology Co. Limited ("Elane"), a prominent logistics technology provider based in Beijing, China, and owner of CargoGo, a major visibility platform serving 57 China based Fortune Global 500 companies.
This strategic partnership will leverage the strengths of both companies to unlock enhanced shipment tracking and visibility capabilities across commodity markets in Asia. MineHub has partnered with one of Elane's premier visibility platforms, CargoGo, to enable its ability to serve its increasing customer base in Asia. The integration of MineHub's cloud-based platform with CargoGo's advanced logistics solutions will enable seamless, secure sharing of data between the two platforms.
Andrea Aranguren, CEO of MineHub explains, "This partnership with CargoGo represents an exciting step forward in our mission to bring digital innovation and improved transparency to the global supply chain. Our combined strengths will deliver valuable shipment tracking capabilities to companies operating in Asia, helping them make informed decisions, with real-time data."
As a dominant force in the global non-ferrous metals industry, China has solidified its position as a leader, producing a record 74.698 million tons in 2023 and achieving a trade volume of US$ 331.54 billion. This partnership enables MineHub to tap into Asia's dynamic metals flow, particularly crucial as China's sector grew 10.8% year-on-year in H1 20241. Amid ongoing supply chain challenges, this collaboration offers timely, reliable tracking solutions to meet intensifying market demands.
Elane has more than 20 years of experience in shipping and logistics data development, with a robust technology infrastructure that includes access to global satellite data as well as direct connectivity with Asian and global shipping companies. Through this partnership, MineHub and CargoGo will leverage their complementary technologies to unlock new tracking capabilities in Asia, empowering companies with deeper insights and control over their shipments.
