Ystrategies Announces Strategic Partnership with IEC

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Will Fund Startups, Acquire and Commercialize Technology in Research Initiatives With DOE, Universities and Private Companies

Our partnership with IEC makes commercialization of National Labs technologies a priority for the private sector- a new and powerful approach. (Jim Kiles- CEO, Ystrategies)

Ystrategies has entered into a strategic partnership with India Ecommerce Corporation, “IEC”, (OTCMKTS: IEEC), to accelerate the commercialization of high-value intellectual property locked in public and private institutions and businesses through investment, strategic partnerships and technology innovation.

Leading the effort is Ystrategies founder, Jim Kiles, a long-time technology industry executive with broad and deep experience in successfully vetting new technologies. Kiles is currently a member of the Industrial Advisory Board at the Lawrence Livermore National Laboratory, Lead Instructor and advisor to the Department of Energy for its Lab-Corps Program and Managing Director of GroundControl Solutions, Inc. (http://www.groundctl.com ) and SAFE-Skills, LLC (http://www.safe-skills.com). Kiles is a former Managing Director at Intel Capital and Chief Strategy Officer at Convera (CNVR), a billion dollar Intel spin out.

Kiles is actively engaged with market validation and commercialization of technology in his roles with DOE's Lab-Corps program and Livermore Labs where he focuses on accelerating the transfer of technologies related to sustainable transportation, renewable power, water and energy efficiency.

“This initiative brings together a powerful team of strong, successful executives with extensive relationships in industry, government and finance. We are uniquely positioned to identify and advance critically important technology platforms in the United States and emerging international markets,” said Kiles.

The Ystrategies management team also includes Robert Petchel and Paul Overby, former Bombardier executives, and Neil Cohen, a marketing adviser to important technology companies such as YAHOO! and Alibaba.

Ashish Badjatia, founder of IEC, noted that the Strategic Partnership is the culmination of recent investments by Kiles and Petchel in IEC. “We are excited to be working with a strong, experienced partner like Ystrategies. The teams are working diligently toward quality transactions to create real value in strong technologies.”

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Jim Kiles
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