Seafarer Secures Revenue From Second Government Agency Contract
TAMPA, Fla., April 10, 2019 /PRNewswire/ — Seafarer Exploration Corp. (OTCQB: SFRX) and Blockchain Logistech, LLC are pleased to announce a new and additional U.S. government agency has secured the services of their strategic partner Probability and Statistics, Inc. (P&S). P&S has been engaged to create and service a government agency project for the next 12 months and beyond. The purchase order is the second of other planned projects to service a group of U.S. government agencies.
Seafarer CEO Kyle Kennedy commented, “The significance of a different U.S. government agency being recruited by Seafarer to contract with P&S demonstrates the validity of the business model to build multiple revenue streams for Seafarer. Attracting these government contracts is wonderful for Seafarer shareholders and I expect them to continue to expand. But this is still the beginning as I anticipate encryption work from other business sectors outside of government entities.”
Kennedy added, “P&S has been an amazing business partner who understands the needs and nuances of a complicated, diverse and secretive clientele. The solutions offered by P&S are tailored to meet the extremely high demands of some of the most sophisticated and technologically advanced agencies in the world.”
Don Beavers, CEO of P&S, stated, “Probability and Statistics, is pleased to have received this additional government agency contract through the efforts of the Blockchain LogisTech team at Seafarer. This is the second of a total of six pending Federal level contracts for this year. We are also anticipating the awarding of Seafarer’s first State-level contract sometime in the third quarter. What an incredible first year for our strategic partnership! These additional contracts should begin providing ongoing monthly revenues to Seafarer within the next few months and these types of contracts can often renew for multiple years.”
Seafarer's Quest Issued 3-Year Renewal of Melbourne Beach Permits
TAMPA, Fla., March 12, 2019 -- Seafarer Exploration Corp. (OTCQB: SFRX) is pleased to announce it has been granted renewals to two 1A-31 Exploration Permits, each with a Dig and Identify Modification, for Areas 1 and 2 of the Melbourne Beach site from the Florida Bureau of Archaeological Research (FBAR) and the Division of Historical Resources (DHR). The DHR is issuing a 3-year extension for permit numbers 2016.05 and 2014.04 to Seafarer's Quest LLC, which will extend the permits to March 1, 2022 and January 14, 2022, respectively. Seafarer's Quest is a partnership between Seafarer Exploration and Heartland Treasure Quest.
Seafarer CEO Kyle Kennedy stated, "We are again pleased to receive these renewals as there are several areas of interest that warrant further investigation in these territories. Hopefully, some of the new technology we are developing internally will help us better understand this wreck site. Also, I'd like to thank the director and staff at FBAR and DHR for their cooperation and assistance."
Mr. Kennedy continued, "With the help of the scientists and engineers at Probability and Statistics and the Florida Institute of Technology we should be able to significantly increase our knowledge of this shipwreck and further verify its provenance. At this point, our research and investigation indicates a Spanish 1715 fleet shipwreck."
All work will be conducted under the terms of an exploration permit issued by the Florida Department of State, Bureau of Archaeological Research, Division of Historical Resources.
Seafarer Secures Revenue From First Government Contract
TAMPA, Fla., March 4, 2019 /PRNewswire/ — Seafarer Exploration Corp. (OTCQB: SFRX) and Blockchain Logistech, LLC are pleased to announce their initial client contract to secure the services of their strategic partner Probability and Statistics, Inc. (P&S). The client has engaged P&S to create and service a US government agency project for the next 12 months and beyond. The purchase order is the first of other planned projects to service a group of US government agencies.
Seafarer CEO Kyle Kennedy stated, “I am happy that we have generated a revenue stream for the company with such a prestigious agency. While I am restricted from commenting on specific details, the initial purchase order will pay Seafarer a small fixed revenue monthly for 12 months and then a maintenance package after that. I have stated for some time now in our filings and in public that it is the Company’s intent to build revenues with P&S through blockchain encryption and other related services. While this purchase order is just a start, it’s a great start. I am tremendously thankful for the dedication, persistence, and professionalism of everyone at P&S, especially Donald Beavers and their Director of Software Development James Kreigh.”
Donald Beavers, CEO of P&S, commented, “It is exciting to see this team’s careful planning and vision come together successfully. We already have other scopes of work in process on which we continue to build. The unique, highly technical services and expertise that we each offer will help both companies build a successful and long-term relationship. I agree with Mr. Kennedy that we are off to a great start, a start that is honestly better than I could have previously imagined.”
Uptick Newswire Hosts Probability and Statistics, Inc., on the Stock Day Podcast to Discuss Their Partnership with (SFRX) and the Future of the Company
PHOENIX, Feb 14, 2019 (GLOBE NEWSWIRE via COMTEX) -- PHOENIX, Feb. 14, 2019 (GLOBE NEWSWIRE) -- Uptick Newswire Stock Day Podcast welcomed a partner of Seafarer Exploration (SFRX), a publicly traded underwater salvage and exploration company. Don Beavers, the President and CEO of Probability and Statistics, Inc., joined Stock Day host Everett Jolly to discuss their partnership with Seafarer Exploration.
Jolly began the interview by announcing to listeners that the Stock Day Podcast will be hosting a five-part special on Seafarer Exploration. Just five days ago Chief Technology Officer, Dr. Michael Torres, appeared on the Stock Day show.
Jolly then asked Beavers to share some insight into the partnership between Probability and Statistics, Inc. (P&S) and Seafarer Exploration. Beavers stated, "We started working with Seafarer last year, they're an undersea exploration company. We do a lot of high-end computational mathematics and technology integration, and we saw some opportunities to work with them. They've got a great company and we've got some technologies that really fit into what they do."
Beavers further explained that Probability and Statistics, Inc. mainly specializes in the aerospace industry, compared to Seafarer which specializes in undersea exploration.
Surprisingly, these industries have a lot in common including similar mathematical applications. The partnership between these two companies will allow Probability and Statistics, Inc. to help Seafarer Exploration track debris fields and determine the most likely location of wreckage spots. Additionally, Probability and Statistics, Inc. has extensive experience in blockchain technology which benefits the Company's search for rare metals.
Beavers also shared that P&S is also helping Seafarer Exploration develop new sensor technology that allows them to find non-ferrous metals at a much greater distance than ever before. "We have a pretty impressive engineering department here and we have some really talented scientists, and we're helping Seafarer Exploration make this part of the job a lot easier," stated Beavers.
Beavers added, "Our goal is to make Seafarer the most advanced company, technologically, out there." He continued by sharing his excitement for their partnership with Seafarer Exploration and the technology that P&S will be able to share with them. Beavers then closed by stating his amazement for the Company's findings and his own personal enjoyment in participating in the search for treasure.
To hear the complete interview for Seafarer Exploration follow the link to the podcast here: https://upticknewswire.com/featured-interview-don-beaver-president-of-probability-statistics-inc-otcpink-sfrx/
PHOENIX, Feb 07, 2019 (GLOBE NEWSWIRE via COMTEX) -- PHOENIX, Feb. 07, 2019 (GLOBE NEWSWIRE) -- Uptick Newswire Stock Day Podcast welcomed Seafarer Exploration Corp. (SFRX), a publicly traded underwater salvage and exploration company. Chief Technology Officer, Dr. Michael Torres, joined Stock Day host Everett Jolly.
Jolly began the interview by asking Dr. Torres to explain the Company's blockchain technology and the revenue it produces. Dr. Torres shared that the Company's partnership with P&S offers them a unique position in the market and has allowed their blockchain technology to become a steady source of revenue. Dr. Torres also explained that their partnership with Advanced Autonomous Radar Interrogation Technology allows them to detect noble metals. This system is incredibly unique as it is able to detect the content of an alloy and can be used to find rare minerals. For a salvage and exploration company like Seafarer Exploration Corporation, this is an invaluable tool.
Dr. Torres stated, "It's a new concept. This study just came out in 2017 for external quantum efficiency, which is essentially applied particle physics. No one has this device yet. This device is brand new to the market. It is unique in that it can detect and differentiate noble metals."
Dr. Torres continued to explain that this system can be used for mineral detection, wreckage, search and rescue, to detect gold and silver on ships, and even to determine whether or not a vessel belongs to the United States. "It has multiple applications. It is a brand-new technology," stated Dr. Torres.
Jolly then asked whether or not the Company is considering loaning the system out to other wreckage companies in the future. Dr. Torres explained that they have been considering this route, as well as loaning the system to agencies within the federal government.
Jolly followed by asking Dr. Torres how the Company plans to build revenue throughout 2019. Dr. Torres explained that the Company plans to generate revenue in numerous ways including through their wreckage projects, as well as by loaning their new technology to other wreckage companies and selling the organic version of the Advanced Autonomous Radar Interrogation Technology to various government agencies.
Dr. Torres then shared his excitement for the Company's most recent wreckage find of a Peruvian Death Mask made out of Uridium, presenting an intriguing historical significance. The team then found a Spanish piece of eight about 150 yards away from the mask, which was dated 1712. Dr. Torres explained that the Company has an exploratory permit which will allow them to excavate this site.
Dr. Torres closed the interview by sharing his excitement for the future of the company, including the potential revenues through 2019. "It's an exciting time. I know the stock is low, but there's not much downside right now," stated Dr. Torres.
To hear the entire interview with Dr. Mike Torres, follow the link to the podcast here: https://upticknewswire.com/featured-interview-dr-mike-torres-of-seafarer-exploration-corp-otcpink-sfrx/
About Seafarer Exploration:
Seafarer Exploration Corp. is a publicly traded underwater salvage and exploration company traded under the symbol SFRX. The principal business of the company is to develop the infrastructure necessary to engage in the archaeologically-sensitive research, documentation, exploration, recovery and conservation of historic shipwrecks. The company has secured multiple sites it believes contain historic and valuable shipwrecks. The company will use accepted archaeological methods to properly document, research and recover portions of the wrecks. Seafarer employs scientists and historians and is committed to preserving the cultural and historical significance of every wreck it finds. www.seafarercorp.com
Jan. 22, 2019 Link to video
MELBOURNE BEACH — In a confidential location at sea, explorers believe they're getting closer to what might become the richest archaeological discovery of our time. A recently washed-up ancient Peruvian funeral mask is believed to be part of a $4 billion sunken treasure off the coast of Melbourne Beach.
According to researchers with Seafarer Exploration Corporation, the treasure went down with a Spanish ship sunk in 1715 during a hurricane as it sailed from Cuba to Spain. Searching for the past 11 years, Army Ranger and MIT adjunct professor Dr. Mike Torres believes teams have found the debris trail.
"There are not many examples of this in the world today," Torres said about what he called the team's first major discovery in 11 years.
Torres believes the Spanish took the mask from a tomb in Peru. Long before European contact, archaeologists believe a native civilization smelted the mask possibly thousands of years BC. Now containing only trace elements of gold and silver, the mask is believed to have originally been gold-plated.
It's mostly copper but also contains iridium, which comes from meteorites. Torres believes it could be one of the earliest known examples of human metal working.
"They had to, at one point, figure out blast furnaces," he said. "It took serious thought to smelt this."
If the rest of the treasure is discovered, Torres and Seafarer Exploration Corp. get to keep 80 percent of it. Torres said it would be kept in a collection and preserved for public viewing. The state of Florida would keep the remainder of the discovery. "I'm going after the mission. What happens after that, I'll face when I need to I suppose," Torres said about the possibility of striking it rich.
Copyright 2019 by WKMG ClickOrlando.
Oct. 29, 2018
“Seafarer Exploration is pleased to announce the addition of Dr. Michael Torres to the advisory board. Dr. Torres has extensive knowledge and experience in avionics system development and aerospace engineering, was an adjunct professor at Massachusetts Institute of Technology (MIT), and is a decorated and wounded war veteran receiving a Purple Heart with Oak Cluster and the Bronze Star with Valor among other citations and awards.
Dr. Torres will help Seafarer develop advanced technologies to find gold, silver and other elements buried at sea and under the sand. Completion of this technology will create a paradigm shift in the industry and will evolve into additional applications, uses and revenue streams for Seafarer. Understand that Seafarer’s core business remains archaeologically-sensitive exploration, recovery, and conservation of historic shipwrecks. The growth of Seafarer into these additional sectors supports our core focus by generating revenues which are then used to fund our operations of exploration and recovery—this is a win-win for all parties involved but especially shareholders.
To further demonstrate the magnitude of Seafarer’s vision, we have created another wholly owned subsidiary named Advanced Autonomous Radar Interrogation Technology, LLC (AARIT). Dr. Torres is the chief technical officer of AARIT and is pursuing and developing additional technologies and projects, potentially for government agencies, aerospace companies, and defense contractors.
Dr. Torres was raised outside of Charleston, S.C. where, in 2003, he earned a BS of Electrical Engineering from The Citadel, The Military School of South Carolina. Upon graduation, Dr. Torres was commissioned in the U.S. Army as a Second Lieutenant and served two combat tours of duty in Afghanistan with the 3rd Brigade 505th of the 82nd Airborne Division. While in the U.S. Army, Dr. Torres earned the following degree, qualifications, awards and citations (partial list):
- Doctorate of Aeronautical Engineering, Duke University
Bronze Star with Valor
Purple Heart with Oak Cluster
Meritorious Service Citation
U.S. Army Achievement Medal
Combat Infantry Badge
U.S. Army Airborne Tab
U.S. Army Ranger Tab
Advanced Infantry School
U.S. Army Survival School
Military Occupation Specialty 11A (Infantry Officer)
Military Occupation Specialty 35G (Signals Intelligence/Electronic Warfare Officer/Geospatial Intelligence Imagery Analyst)
After being wounded during both deployments, Dr. Torres medically retired from the U.S. Army in 2008 with the rank of Captain. Dr. Torres continued with his post-doctorate work in Electronic Warfare Systems Threat Detection and Counter Measures at Syracuse University (publishable work deemed classified). While at Syracuse University, Dr. Torres worked closely with the U.S. Government and the defense industry to develop advanced GSM and CDMA signal jamming and targeting technology (publishable work deemed classified) to be deployed to active “combat zones” around the world.
Dr. Torres went on to become an Adjunct Professor of Aerospace Engineering at MIT with engineering laboratories at Lincoln Laboratory and Charles Stark Draper Laboratory. While at MIT, Dr. Torres worked with both the defense industry and the commercial space industry to develop advanced navigation, weapon, and communication systems.
Dr. Torres’ technology will benefit Seafarer directly in our search for shipwrecks and their cargo but also by opening up new opportunities for possible revenue growth via leading-edge developments.”
– Kyle Kennedy, CEO
Seafarer Announces Share Exchange with Probability & Statistics
TAMPA, Fla., Sept. 5, 2018 /PRNewswire/ -- Seafarer Exploration Corporation is pleased to announce a share exchange of 60 million restricted common shares for 10,000 non-dilutive common shares of the private company Probabilities and Statistics, Inc. (P&S). Seafarer has received a one percent position in P&S.
Kyle Kennedy, CEO of SFRX, stated, "This is the first major step in building a strong symbiotic relationship with a cutting-edge technology company. P&S has the capacity to take us to a new level of technological development and ultimately potential revenues. A carefully designed program has been created between P&S and Seafarer to both monetize emerging technologies and engage Seafarer to be compensated for directing private and public companies who wish to utilize blockchain encryption to P&S for their services. P&S is a leader in blockchain encryption and already works with government, aerospace, defense contractors, banks and industries in a high-tech research, development and support role. Nobody in our industry sector remotely comes close to what Seafarer is doing. We already set the bar in everything we do, but P&S can take us into a space that far exceeds our expectations and industry norms."
Kennedy continued, "P&S has an exceptional team of scientists and engineers who can further propel our own development of technology in specialized equipment to advance our proprietary designs. Additionally, P&S has innovative computing and modeling systems which utilize a type of artificial intelligence to maximize effectiveness through its proprietary advanced algorithms. To our knowledge and extensive research, no one compares to P&S."
Mr. Kennedy added, "While ongoing upgrades to the Iron Maiden have limited the number of working days, combined with fewer days of seas under three feet, we have continued to work and find shipwreck material. We appear to have shipwreck debris from the early 1700s, but the area is large and will require more work."
Don Beavers, president of P&S, stated, "Probability and Statistics is very excited about proceeding with Seafarer Exploration on multiple projects including blockchain applications, engineering support, topographic modeling, sensor recording and analysis, and other relevant advanced technology integration. Our experience in aerospace and engineering directly translates to new and exciting opportunities in the undersea world. Combining our advanced computing with Seafarer's exploration experience brings significant potential for success. Our blockchain data systems could also provide a competitive advantage for Seafarer in both data and security. We also believe that Seafarers existing partnerships and alliances, developed over many years, will lead to potential new projects and revenues for both corporations. Our equity exchange is based, from our point of view, on the belief that our technology could push Seafarer to the very forefront of sub-aquatic exploration and its related industries and bring new revenue opportunities to both entities."