Interfield Global and JRL Energy finalize license agreement in Vancouver

On September 9, 2024, Interfield Global Software Inc. announced the commencement of a rollout under a license agreement with JRL Energy Inc., which was established on May 10, 2024. This agreement involves the implementation of the ToolSuite digital platform by Interfield's subsidiary, Interfield Software Solutions LLC, aimed at enhancing operational data reporting, ESG reporting, and inventory management for JRL's coal production operations in the United States. The project will also cater to JRL's affiliates and sub-licensees. The timing for further implementation and payment of licensing fees will be determined collaboratively by JRL and Interfield, considering the ongoing negotiations for a proposed business combination between the two companies. JRL Energy, a provider of high-quality thermal and specialty coal, operates multiple mines in Kentucky and is focused on modernizing its operations with ESG and energy transition goals. Interfield Solutions, based in Dubai, U.A.E., serves various industrial sectors, including oil and gas, mining, and renewables. Its flagship product, ToolSuite, is a cloud-based platform designed to digitize industrial processes and provide real-time data management. The collaboration between Interfield and JRL is expected to enhance operational efficiency and support JRL's commitment to sustainable practices. The announcement also includes a disclaimer regarding forward-looking statements, emphasizing the uncertainties and risks involved in the business plans of both companies. Stakeholders are advised to consider these factors when evaluating the potential outcomes of the agreement and the ongoing negotiations.