Byte Power Group has signed up Noetic Synergy to develop and manage its cryptocurrency exchange platform.

The ASX-listed company has inked an agreement with Noetic after terminating an earlier agreement with Soar Labs to develop its cryptocurrency exchange following unauthorised dealing of property owned by Byte Power.

“With the Agreement in place, Noetic replaces Soar Labs’ candidature as BPPL’s Cryptocurrency Exchange development solution provider,” Byte Power said.

Noetic will deliver all BPPL’s functional and technical specifications for its Cryptocurrency Exchange. Services provided include Cryptocurrency Exchange set up services, Software
implementation services, Operational management services and IT outsourcing services.

Noetic, incorporated since 2010, is involved in the business of providing enterprise-wide integrated e-business solutions and IT related Services.

The company has multi-national corporate clients that includes premier property developers, financial institutions and large retail chains.

Shares in Byte Power remain unchanged at 0.9c at market close.