Noble Mineral Exploration Evaluates New Technology Areas

(via Thenewswire.ca)

TORONTO, ONTARIO / TheNewswire / May 3, 2016- Noble Mineral Exploration Inc. (the "Company") (TSX-V: NOB) is announcing that it will be investigating technology-based initiatives in the consumer space, including high-speed short-range communications applications and the Internet of Things, with advice from the Company’s new Board member, Dr. Samuel Peralta.

High-speed short-range communications include applications in optical wireless communications (OWC) such as free space optics and visible light communication. The Internet of Things (IOT) refers to networking of objects through the use of embedded sensors and other devices that can collect or transmit data about the objects, to optimize products, services, and operations.

Previously, the Board announced that it is working with Dr. Peralta to evaluate specific technology-based alternatives to the Company’s current business, recommend a related strategy, and pursue to completion any related initiatives as directed by the Board. The announced area is related to recommendations made by Dr. Peralta.

"We are pleased to investigate applications in high-speed short-range communications as a potential new business area," said Mr. Vance White, Chairman and CEO of Noble. "The broad market applications could define a framework for a renewed company focus."

Dr. Peralta has extensive background in pivot situations, most notably in the context of Tandem Resources Ltd.’s acquisition of OPEL Inc., a primarily photovoltaics company, and its subsequent pivot into POET Technologies Inc., now a company providing advanced monolithic optoelectronic platform solutions to the semiconductor industry.

"I’m excited by the opportunity to apply advanced optoelectronics platforms and optical wireless communications in applications for the Internet of Things," said Dr. Peralta. “Moreover, I’m encouraged by the strong support of the Noble board in investigating this recommended technology area.”

While direct applications for OWC are forecast to hit $10 billion range by 2020, some reports estimate that the impact of IOT on the global economy could be high as $6.2 trillion by 2025.

Noble will be assessing the market segmentation and opportunities in the defined technology space, with intent to deliver recommendations to shareholders as appropriate. It is Noble’s current intention not to disclose specific developments with respect to the process, unless and until the Board has approved a course of action.