Charge Enterprise's Wholly Owned Subsidiary, PTGi-ICS, enters into Memorandum of Understanding with TSG Global Inc. PTGi-ICS leverages its global commercial platform to include SMS data messaging services.
NEW YORK, May 4, 2022 /PRNewswire-PRWeb/ -- Charge Enterprises, Inc. ( Nasdaq: CRGE), ("Charge"), consisting of a portfolio of global businesses with the vision of connecting people everywhere with communications and electric-vehicle "EV" charging, today announced that its wholly owned subsidiary, PTGi-International Carrier Services Ltd ("PTGi"), a telecommunications company providing global wholesale termination network connectivity with premium quality voice connectivity and discounted rates, has entered into a memorandum of understanding to work towards a definitive agreement with TSG Global Inc. to launch Short Message Services (SMS), commonly known as texting services.
TSG Global's unique telephone number identity solution (TNID), utilizes blockchain to create a digital identity tied to individual phone numbers. By creating a secure chain of custody on these numbers, customers help prevent spam, fraud and abuse which plague the communications industry today.
PTGi plans to sell this proposed new product line across their existing international commercial platform working in alliance with TSG Global Inc (TSG) in the USA. TSG Global will provide SMS technology and region-specific industry knowledge to create a global solution for CPaaS (Communications Platform as a Service) developers, small and large enterprise, mobile network operators (MNOs) and national telecom incumbents.
"Enterprises, communication providers and government entities can all join the community to create a chain of custody that reduces or potentially eliminates fraudulent activities – without the need for further legislation," said Noah Rafalko, CEO of TSG Global. "We are delighted to partner with PTGi given their history as an international telco provider. Their global relationships with incumbents combined with our enterprise relationships and US market knowledge is a perfect match."
"This strategic partnership unlocks access to new markets and plays to PTGi's strength as a globally distributed commercial platform. By layering our reach on top of partner technologies, we are well positioned to provide value to shareholders now and in the future," said Craig Denson, President & CEO of PTGi.
About TSG Global
TSG Global brings decades of experience in educating, designing, migrating, and deploying the latest vetted communications technologies necessary for today's successful enterprises. With a laser focus on clients' needs, TSG Global unbundles the complex array of communications services and reassemble them in a portfolio that's custom built for each, and every client based on their unique needs. For more information, visit http://www.tsgglobal.com
About PTGi-ICS
PTGI-International Carrier Services Ltd. is a wholly owned subsidiary of Charge Enterprises Inc, (Nasdaq: CRGE) a telecommunications division, providing termination of both voice and data to Carriers and Mobile Network Operators (MNO's) globally for over two decades and will selectively add profitable products and services to this long-established business. For more information please visit http://www.ptgi-ics.com
About Charge Enterprises, Inc.
Telecommunications
Our Telecommunications business ("Telecommunications") has provided termination of both voice and data to Carriers and Mobile Network Operators ("MNOs") globally for over two decades and we will selectively add profitable products and services to this long-established business.
Infrastructure
Our Infrastructure business ("Infrastructure") has a primary focus on two fast growing sectors: electric vehicle ("EV") charging, and Telecommunications Network 5G, including cell tower, small cell, and in-building applications. Solutions for these two sectors include: Design and Engineering, Equipment Specification and Sourcing, Installation, Data and Software Solutions, and Service and Maintenance.
To learn more about Charge, visit Charge Enterprises.
Media Contact:
Steve Keyes (248) 952-7022
[email protected]
Investor Relations:
Carolyn Capaccio, CFA (212) 838-3777
[email protected]
Notice Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect current expectations or beliefs regarding future events or Charge's future performance. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates", "targets" or "believes", or variations of, or the negatives of, such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. All forward-looking statements, including those herein, are qualified by this cautionary statement.
Although Charge believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include the business plans and strategies of Charge, Charge's future business development, market acceptance of electric vehicles, Charge's ability to generate profits and positive cash flow, changes in government regulations and government incentives, subsidies, or other favorable government policies, and other risks discussed in Charge's filings with the U.S. Securities and Exchange Commission ("SEC"). Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive of the factors that may affect forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release or as of the date or dates specified in such statements. For more information on us, investors are encouraged to review our public filings with the SEC which are available on the SEC's website at http://www.sec.gov. Charge disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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Media Contact
Steve Keyes, Centigrade, Inc., 1 248 952 7022, [email protected]
SOURCE Charge Enterprise
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