TOKYO, June 17, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (NASDAQ: ELWS) (the "Company" or "Earlyworks"), a Japanese company operating its proprietary private blockchain technology, Grid Ledgers System ("GLS"), received a written notification (the "Notification Letter") from the Nasdaq Stock Market, LLC ("Nasdaq") informing the Company that it has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requireme ...

Core Viewpoint - Earlyworks Co., Ltd. and ZenmuTech, Inc. have partnered to enhance data security and management through innovative blockchain and secret splitting technologies, aiming to create a secure digital environment for users [1][4]. Collaboration Background - Earlyworks' Grid Ledger System (GLS) offers a processing speed of less than 0.2 seconds, addressing the slow processing issues of traditional blockchains, making it suitable for enterprise applications [2]. - ZenmuTech's secret splitting technology, AONT, divides data into fragments that are stored in various locations, preventing data recovery if any fragment is missing, thus enhancing security [3]. Objectives of Collaboration - The collaboration aims to leverage GLS for secure management of diverse content types, including text, images, videos, and music, allowing content creators to protect their work [5]. - The integration of SDKs from both companies is expected to enhance security and reliability, enabling customers to manage their data confidently [6]. - The combination of secret splitting and blockchain technology is anticipated to set a new standard for data protection, reducing risks of information leakage and tampering [7]. Market Potential - The global blockchain market is projected to grow from approximately $10.6 billion in 2023 to $404.1 billion by 2030, indicating a 38-fold increase over seven years [8]. - The Japanese blockchain market is expected to reach 142.7 billion JPY in 2023, representing about 10% of the global market size [9]. Regulatory Environment - Japan's government has initiated policies to promote Web3.0 technologies, including blockchain, to realize a digital society, although actual business applications of blockchain remain limited [10].

TOKYO, May 21, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the "Company" or "Earlyworks") (Head office: Taito-ku, Tokyo; CEO: Satoshi Kobayashi), a blockchain solution provider that deploys its high-speed proprietary blockchain technology Grid Ledger System ("GLS"), announces a business alliance with Relic Inc. (Head Office: Shibuya-ku, Tokyo; CEO: Takaaki Kitajima; hereinafter "Relic"), a business co-creation company that supports new business development and innovation creation of Japane ...

TOKYO, May 21, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the "Company" or "Earlyworks") (Head office: Taito-ku, Tokyo; CEO: Satoshi Kobayashi), a blockchain solution provider that deploys its high-speed proprietary blockchain technology Grid Ledger System ("GLS"), announces a business alliance with Relic Inc. (Head Office: Shibuya-ku, Tokyo; CEO: Takaaki Kitajima; hereinafter "Relic"), a business co-creation company that supports new business development and innovation creation of Japane ...

TOKYO, May 20, 2024 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd. (Nasdaq: LRE), a Japanese real estate developer of luxury residential properties including single-family homes and condominiums across Tokyo, Kanagawa prefecture, and Sapporo, today announced it will participate in the NASDAQ JAPAN IR EVENT on June 20, 2024, at the Nasdaq MarketSite headquarters in New York City. Hosted by MEDIROM Healthcare Technologies Inc. (Nasdaq: MRM), the Event is dedicated to sharing positive information on Japanese c ...

TOKYO, May 16, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the "Company" or "Earlyworks"), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System ("GLS"), previously announced the Company's plans to change the ratio of its American Depositary Shares ("ADSs") to its ordinary shares from one (1) ADS, representing one (1) ordinary share, to one (1) ADS representing five (5) ordinary shares (the "ADS Ratio Change"). The ADS Ratio Change became effective ...

TOKYO, May 16, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the "Company" or "Earlyworks"), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System ("GLS"), previously announced the Company's plans to change the ratio of its American Depositary Shares ("ADSs") to its ordinary shares from one (1) ADS, representing one (1) ordinary share, to one (1) ADS representing five (5) ordinary shares (the "ADS Ratio Change"). The ADS Ratio Change became effective ...

TOKYO, May 13, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (NASDAQ:ELWS) (the "Company" or "Earlyworks"), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System ("GLS"), announced plans to change the ratio of its American Depository Shares ("ADSs") to its ordinary shares from one (1) ADS, representing one (1) ordinary share, to one (1) ADS representing five (5) ordinary shares (the "ADS Ratio"). The change in the ADS Ratio is expected to become effective on or about ...

TOKYO, May 06, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (NASDAQ:ELWS) (the "Company" or "Earlyworks"), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System ("GLS"), today announced that the Company received a staff determination letter (the "Letter"), on May 1, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, due to the Company's failure to regain compliance with a minimum bid price of $1.00 ...

TOKYO, May 01, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (NASDAQ:ELWS) (the "Company"), a Japanese provider of blockchain technology solutions, yesterday announced its financial results for the six months ended October 31, 2023. For the six months ended October 31, 2023, the Company's revenue increased by approximately JPY 22,738 thousand, gross profit increased by approximately JPY 39,631 thousand and net loss decreased by approximately JPY 28,393 thousand, as compared to the same period in 2022. Manag ...