Advance United Leverages Open Source Software for the Au Marketplace Platform - March 10, 2022
Advance United Leverages Open Source Software for the Au
Marketplace Platform
March 10, 2022 – Advance United Holdings Inc. (CSE: AUHI) (FSE: 9I0) (the “Company”,
or “ Advance United” or “AU ”) is pleased to announce the company’s commitment to the
advancement of the Au Marketplace with open source technologies.
“Free and Open Source Software (“ FOSS”) offers indisputable benefits over closed -source
alternatives,” states Mr. Kevin Glendenning, Chief Technology Officer of Advance United. “The
security, flexibility and cost afford us the opportunity to greatly enhance the Au Marketplace
products by leveraging existing code without additional investment.”
The Au Marketplace is being developed to bring together property owners and producers in a
vertically integrated community. By leveraging open source geostatistical, visualisation, and
modelling tools such as Quantum GIS and Geoscience ANALYST, Advance United will be
able to offer property owners, producers, and investors a means of assessing properties in a
way that wasn’t previously available in a single tool. These technologies allow the company to
integrate leading 3rd party platforms including artificial intelligence, crowdsourcing, and open
registries.
“While businesses and governments are investing in efforts to migrate existing infrastructure
components to open source software, we have taken an open source first approach at
Advance United,” states Mr. Glendenning. “Our technology stack is built on the FOSS model
from the beginning and we’re excited about the competitive advantage this grants us in an
industry that traditionally relies on proprietary software.”
“Examples of open source dominating the market are everywhere.” Mr. Glendenning goes on
to say. “The most interesting projects in the world - and out of this world - are built on open
source. US Air Traffic Control, NASA's Curiosity Rover, and the International Space Station
all leverage open source technologies in their mission-critical systems. The largest exchange,
the New York Stock Exchange (NYSE) Euronext, has been running on Linux since 2008. Their
systems generate 1,500,000 quotes and process 250,000 orders every second, offering
acknowledgments of each transaction within two milliseconds.”1
FOSS is a cornerstone of Advance United’s operations, offering its users a greatly enhanced
feature set which otherwise wouldn’t be possible without significant investment. The Company
is committed to ethical technological sustainability and looks forward to contributing its own
software development efforts back to the open source community.
“As the former U.S. Chief Information Officer Tony Scott, co- author of the Federal Source
Code policy, blogged ‘This is, after all, the People's code. Explore it. Learn from it. Improve it.
Use it to propel America's next breakthrough in innovation.’" concludes Mr. Glendenning.
1 https://www.pcworld.com/article/481872/how_linux_mastered_wall_street.html
About Advance United Holdings Inc.
Advance United brings an entirely different approach to the mining industry. We don’t mine.
Rather, we’ve acquired a portfolio of undervalued gold properties and are increasing their
value through the application of modern technology. We have a growing pipeline of similar
properties that we are looking to acquire. And now we’ve launched the Au Marketplace. A first
of its kind digital platform that connects owners of mineral commodities and deposits with
developers and producers.
We are involved exclusively in the acquisition and advancement of past projects - with no
intent to bring them back into production or to mine them ourselves. Our expertise is in
identifying and acquiring undervalued properties with significant historical work, which were
uneconomic at the time, but we believe have economic value at today's prices.
We fund the development of re -working historic data and applying modern technology to
underwrite new qualified reports, document quantifiable resources and reserves to current
standards, thereby recognizing the current value.
Our purpose is to bring immediate and long-term value to our partners and shareholders while
seeking to eliminate exploration risk, so that we can all advance united in the shortest possible
time frame.
For additional information about us, our projects, or to find out how you can list your project in
the Au Marketplace, visit www.advanceunited.ca.
Advance United, headquartered in Toronto, Canada, is traded on the Canadian Securities
Exchange in Canada under the symbol "AUHI" and the Börse Fr ankfurt Stock Exchange in
Germany under the symbol "9I0".
Contact Information
James Atkinson, P. Geo., CEO
Email: [email protected]
Tel: (647) 278-7502
Forward-Looking Information and Cautionary Statements
This news release may contain "forward-looking information" within the meaning of applicable
securities laws relating to the trading of the Company’s securities and the focus of the
Company's business. Any such forward-looking statements may be identified by words such
as "expects", "anticipates", "intends", "contemplates", "believes", "projects", "plans" and
similar expressions. Forward- looking statements in this news release include statements
regarding the Company's ability to increase the value of its current and future mineral
exploration properties and, in connection therewith, any long- term shareholder value, the
Company's ability to mitigate or eliminate exploration risk, and the Company's intention to
develop a portfolio of historic gold properties. Readers are cautioned not to place undue
reliance on forward-looking statements. These statements should not be read as guarantees
of future performance or results. Such statements involve known and unknown risks,
uncertainties, and other factors that may cause actual results, performance, or achievements
to be materially different from those implied by such statements. Although such statements
are based on management's reasonable assumptions, there can be no assurance that the
Company will continue its business as described above. Readers are encouraged to refer to
the Company's annual and quarterly management's discussion and analysis and other
periodic filings made by the Company with the Canadian securities regulatory authorities
under the Company's profile on SEDAR at www.sedar.com. The Company assumes no
responsibility to update or revise forward -looking information to reflect new events or
circumstances or actual results unless required by applicable law.