Completion and Full Deployment of UnitedCorp's Third BlockchainDome Brings Total Miners in Service to 4,000

1,500 Additional Miners in place online in latest BlockchainDome

MIAMI, Nov. 08, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE --  Miami-based United American Corp ("UnitedCorp") (OTC: ) is pleased to announce the completion of its third BlockchainDome and the full commissioning of 1,500 additional miners for a total of 4,000 miners (6.2 megawatts total and additional 7.5 million BTUs of heat) now in service in three BlockchainDomes. As announced on September 19, 2018, pre-installation of 1.5 megawatts to be used for photosynthetic lighting in adjacent greenhouses to be heated by the BlockchainDomes is also complete.

UnitedCorp continues to design, develop and implement efficiencies of construction of the BlockchainDomes and provisioning of the dome's servers. This includes even more emphasis on in-house or sub-contracted prefabrication of more of the BlockchainDome components than in previous domes, resulting in lower costs, higher quality and consistency of product and the ability to inventory BlockchainDome components for overall more rapid deployment.

A key test for this new BlockchainDome was the deployment of Canaan Avalon 841 miners in the dome versus the Bitmain S9 miners used in previous BlockchainDomes. This required some design changes in the server docking stations given the different design of the Avalon 841. These adaptations were developed rapidly by the company's engineering team and quickly incorporated into the CNC machining process of the relevant docking station components and did not result in any significant delays in deployment. This outcome was important to the Company as it showed that the BlockchainDome can be easily adapted to different server configurations through its flexible manufacturing process and confirmed that once site infrastructure is in place, BlockchainDomes can be deployed in a matter of weeks.

"We are very proud of our new BlockchainDome and particularly proud of our BlockchainDome design and implementation team," stated UnitedCorp CEO, Benoit Laliberte. "Since we started our first BlockchainDome in March of this year, we have evolved from using a piecemeal approach to a full 'assembly line' process which includes a flexible manufacturing system for many components. Full commissioning of this dome follows the commissioning of our last dome by only 7 weeks."

In addition, UnitedCorp's fourth dome on the current campus is expected to be online within the next two weeks. Preparations are also currently underway for an additional heat campus site.

UnitedCorp's technology uses the heat from mining servers to support greenhouse agricultural operations through the BlockchainDome Heat Station system which keeps greenhouses at 20+ Co year-round. This represents a simple design solution compared to various alternatives whereby the cost of generating this heat from a single source is shared between multiple use cases.

Commercial greenhouses in cooler climates like in the Province of Quebec typically require a significant amount of thermal energy to supplement daytime solar energy, particularly during the period of September to May, and many older greenhouses utilize inefficient heating systems for this purpose. In addition to heating, the dry heat produced by the BlockchainDome Heat Station is used year-round in positive pressure greenhouses to reduce greenhouse mold and fungus caused by condensation thereby reducing or eliminating the need for chemicals to treat this problem. This creates conditions for a more organic growth environment.

UnitedCorp believes this "Heat Campus" approach for heat generation and utilization is the future for agriculture and any other industry that can make use of low-cost heat, with the ultimate goal being to get as close to zero waste as possible. This is not only good economically but allows businesses to "green" their operations by significantly reducing the amount of electricity the combined operations require from the grid.

How BlockchainDomes work can be seen at:

About United American Corp

Established in 1992, United American Corp is a Florida-based development and management company focusing on telecommunications and information technologies. The company currently holds the rights to manage a portfolio of patents and proprietary technology in telecommunications, social media and Blockchain technology, and owns and operates the BlockchainDomes which are designed to provide heat for agricultural operations using computer equipment in naturally cooled data centers where efficiency and low-cost operations are a priority.

The UnitedCorp BlockchainDome was designed to provide heat for agricultural operations using ASIC (application-specific integrated circuit chip) mining operations where efficiency and low-cost operations are a priority. The BlockchainDomes, which utilize a proprietary passive cooling ground-coupled heat-exchanger technology, are particularly suited for situations where rapid cluster deployment is required as they can be erected and commissioned in a matter of weeks rather than up to a year using the traditional "Bricks and Mortar" approach.  BlockchainDomes can be configured in a wide range of sizes to service any type of greenhouse operation.

This news release contains forward-looking statements that are subject to various risks and uncertainties. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors that may be beyond the Company's control. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made, and the Company assumes no obligation to update forward-looking statements should circumstances in management's expectations or opinions change.

Source:

United American Corp

Contact:

Jenna Trevor-Deutsch

Investor Relation



604 398 5000 ext: 109

A photo accompanying this announcement is available at