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Xigem Technologies Comments on the State of Remote Work

  • The vast majority of employees prefer to work from home at least part of the time

  • Most companies are expected to offer a hybrid working model

  • Adopting new technology is key to unlocking potential productivity gains and effectively managing remote resources

Toronto, Ontario – (Newsfile Corp. – May 18, 2021) – Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) (“Next” or the “Companies“), a technology provider serving the emerging remote economy, today announced details of the state of remote working, a key market application in which the company is focused on commercializing its patented and patent-pending iAgent technology.

More than a year after a large portion of the global workforce suddenly switched to remote working in response to the COVID-19 pandemic, statistics show that the “work from home” or “work from anywhere” options for many businesses become a mainstay. Recently published reports included:

  • A study by the Boston Consulting Group and the network of 209,000 people in 190 countries found that 89% of respondents worldwide prefer to work from home at least occasionally. The preference was strongest among digital and knowledge-based workers, 70% of whom worked remotely or partially during COVID-19.[1]

  • A survey of US workers by Prudential found that 68% consider a hybrid workplace model that allows at least one day of remote work per week to be ideal. For those who have worked remotely during the pandemic, the rate is 87%. Of the remote workers currently surveyed, 42% say they will look for a new job if their current company does not offer long-term remote work options.[2]

  • An academic study based on a survey of 30,000 US workers concludes that relocating from home will increase productivity in the US economy by 5%, largely due to savings in commuting time and also due to the rapid introduction of new technologies.[3]

  • A Forrester analyst estimates that roughly 60% of companies will offer a hybrid work model that allows people to split their work between the office and home.[4]

  • Large companies such as Ford, Facebook, Microsoft, Oracle and Shopify have made a public commitment that employees can continue to work from home, at least temporarily.[5]

  • Job vacancies mentioning remote working as a benefit have doubled over the past year, suggesting they are seen as a useful recruiting tool.[6]

  • Pew Research recently found that more than 30% of teleworkers reported having difficulty in areas such as motivation or completing work without interruption, indicating significant management challenges.[7]

“There’s no question that the way people work has fundamentally changed and that companies and organizations have adapted to the new realities by using technology to help them grow,” said Brian Kalish, Co-Founder and CEO from Xigem Technologies. “Our iAgent software, coupled with our stated goal of aggregating technologies for the remote economy, positions Xigem ideally to help companies manage their teams, customers and customers in different regions and market sectors. We are actively pursuing customer opportunities and anticipation Having people managed remotely Assets will prove to be one of the key pillars of our strategy. “

Xigem’s core technology is iAgent, a US patented and Canadian patent pending cloud-based technology that provides organizations with the infrastructure they need to remotely manage people, assets and operations. iAgent can be tailored for businesses to remotely track and manage assets, transactions, fulfillment and service cycles, while seamlessly integrating with most CRM and ERP systems to capture the experiences of consumers, treatment seekers and learners to optimize profitably.

The company recently announced that it has three projects underway to develop remote technology platforms for customers in the insurance and consumer goods sectors and is actively pursuing other opportunities as it improves its technology.

About Xigem Technologies Corporation

Founded in Toronto, Ontario, Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) is positioned to become a leading SaaS technology platform for the emerging remote economy near trillion dollars. The software can improve overall capacity, productivity, and remote operations for businesses, consumers, and other organizations. The company’s patented technology, “iAgent,” provides businesses, businesses and consumers with the tools they need to thrive in a variety of remote working, learning and treatment settings.

iAgent is a mobile, geographic application for customer acquisition and retention. iAgent will match sales and service with consumers, treatment seekers and students in real time. For businesses and institutions, iAgent can be customized to remotely track and manage assets, transactions, fulfillment and service cycles, while integrating with most CRM and ERP systems. For consumers, treatment seekers, and students, iAgent enables the fulfillment and handling of the everyday goods and services they need.

www.xigemtechnologies.com

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Twitter: @ XigemTech
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CAUTION NOTE ABOUT FUTURE DECLARATIONS

This press release may contain certain “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. All information contained herein that is not historical in nature may constitute forward-looking information. Xigem undertakes no obligation to comment on any analysis, expectations or statements by any third party with respect to Xigem, its securities, or financial or operating results (if any). Although Xigem believes that the expectations contained in the forward-looking statements in this press release are reasonable, this forward-looking statement is based on expectations, factors and assumptions about future events that may prove to be inaccurate and subject to numerous risks and uncertainties some of which are beyond Xigem’s control. The forward-looking information contained in this press release is expressly qualified by this cautionary statement and is as of the date of this press release. Xigem has no intention or obligation or responsibility to update or revise any forward-looking information as a result of new information, future events or for any other reason, except as required by law.

Neither the Canadian Stock Exchange nor its market regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE: Xigem Technologies Corporation

In the name of the company:
Brian Kalish, chairman of the board

For more information:

Telephone: (647) 250-9824 ext. 4
Investors: investoren@xigemtechnologies.com
Media: media@xigemtechnologies.com
www.xigemtechnologies.com

[1] BCG, Decoding of global ways of workingMarch 31, 2021
[2] Prudential Financial, Inc., Pulse of the American labor pollApril 6, 2021
[3] Bloomberg, “Work from Home to Increase Post-Pandemic Productivity in the US by 5%April 22, 2021
[4] CNN, “The pandemic forced a massive remote working experiment; Now comes the hard partMarch 31, 2021
[5] Washington Post, “Ford offers 30,000 employees the opportunity to work from home foreverMarch 17, 2021
[6] Bloomberg, “Remote work listings in the US doubled a yearMarch 16, 2021
[7] Pew Research, “How the coronavirus outbreak has and hasn’t changed the way Americans work, December 8, 2020

The source version of this press release can be found at https://www.newsfilecorp.com/release/84333