INTEGRATED MEDIA TECHNOLOGY LIMITED ANNOUNCES PRODUCTION OF UNIQUE MANDALA ART USING AI | News
SYDNEY and NEW YORK, April 19, 2022 /PRNewswire/ — Integrated Media Technology Limited (NASDAQ: IMTE) (“IMTE” or the “Company”), today announces that the Company’s subsidiary Ace Corporation Limited (“Ace”) has received from our strategic partner, IQI Media Inc, a number of licenses for original artwork of Mandala Art, an intricate hand-painted craft that translates to “sacred circle” in ancient Sanskrit. The distinctive geometric patterns of designs with professional therapists can help improve concentration and ventilate inner emotions; academically, this is considered a means of “art therapy” for mental illness. Ouction’s development team will use artificial intelligence technology (deep learning, etc.) to improve the quality and create the quantity of production of multiple unique works from the original licensed Mandala works. This is an important strategic development in the production of unique AI-assisted works.
Mandala in Hindu and Buddhist Tantrism, a symbolic scheme used in the performance of sacred rites and as an instrument of meditation. The mandala is basically a representation of the universe, a consecrated area that serves as a receptacle for the gods and a gathering point for universal forces. A mandala is a geometric configuration of symbols, usually represents the spiritual journey, from the outer to the inner core, through layers. This would be a new line of AI-assisted NFTs that we would create for our Ouction platform.
About Integrated Media Technology Limited (“IMTE”)
IMTE is an Australian company specializing in the manufacture and sale of nano-coated plates for filters, the manufacture and sale of electronic glass, Halal certification and the distribution of Halal products, the operation of an exchange platform in online for trading digital assets and providing financial research. For more information, please visit www.imtechltd.com.
Safe Harbor Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding the expectations, intentions, strategies and beliefs of IMTE regarding future events or future financial results. performance. Actual events or results may differ materially from those in the forward-looking statements due to a variety of important factors, including those described in the Company’s most recent filings with the SEC. IMTE undertakes no obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. For a more complete description of the risks that could cause our actual results to differ from our current expectations, please see the section titled “Risk Factors” in IMTE’s Annual Reports on Form 20-F and Interim Reports. on Form 6-K filed with the SEC, as such factors may be updated from time to time in IMTE’s periodic filings with the SEC, which are accessible on the SEC’s website and at http://www.imtechltd.com.
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SOURCE Integrated Media Technology Limited