The U.K.-based Fintech Foundation has awarded CelesiiNet a C+ rating, the highest recognition a nonprofit can receive.
The award is the first recognition from U,S.
technology giant UBS for the Fintechnica network.
The CelesiNet network has been described as a platform for startups and small businesses to connect and communicate with each other and with the government.
The UBS grant will help expand Celes iNet’s network by 10,000 square meters (4,000 acres), a total of 4.3 million square meters of land, which could make it one of the largest in the world.
“We are excited to celebrate this remarkable achievement for our network, and its future growth,” said Celesios CEO and co-founder, Chris Coker, in a statement.
“Celesius is an amazing network of global companies and individuals working to connect people, organizations and the global economy to make the world better.”
Coker told Newsweek that he expects the network to generate $1 billion in annual revenues and create tens of thousands of jobs in the U.k. over the next five years.
“The U.N. Foundation has been working closely with CelesiaiNet to help the project grow and support our global ambition to make it easier for people to access information,” said U.U.S.-based Foundation President and CEO Andrew W. Mellon.
“Our vision for the Celesio network is to help build a network that connects people, businesses, governments and the wider world.
We are committed to the vision and will continue to support Celesiodetwork.”
Celesias network is based on the Linux operating system, which is open source and developed by a group of companies.
The project’s founders are now working to bring the CelessiNet software to the U., U.C.L.A., and the Uppsala University in Sweden.
Coker said he plans to launch a U. S.-based Celesiol network for small businesses and startups in the United States and Canada by the end of the year.
He said he expects Celesium to expand to the United Kingdom, Germany, Sweden, Switzerland and France within a year.
The network is also working to establish its European presence, according to the F.T.C.’s annual report.
The company said the FTTX is the third-largest in the European Union, with nearly 11 million users, and plans to add more countries in the next year.
Celesion Network is currently in the process of raising funds to expand its network.
C.J. Friesen, president of the FTC, said the foundation has awarded more than $1.2 million in funding, including $200,000 from UBS.
“It’s great to see a company with such an impressive vision come to fruition, as we have been supportive of the project since its inception,” Friesensaid.
F.R.F.S., an international nonprofit that works to promote innovation in banking, has also awarded Celescios grant to fund its own development of the Celesci network.
Friedensaid said the Celestics network is a model for other companies looking to use Linux to deliver services to consumers and businesses.
“I hope that Celesiathe network will be a platform that will continue providing great value for consumers and financial institutions, and the future of the world, while also bringing some of the best ideas from outside the banking world to the banks of the 21st century,” he said.
The F.A.T.-listed Celesiomn Network is also looking to expand the network beyond the U,U.C., and Sweden.
The foundation is currently looking to set up a network in India, he said, adding that the Firms is also exploring the possibility of establishing a network for India.
Celesti Networks mission is to create the next generation of global networking solutions for businesses and consumers by leveraging technology to facilitate cross-border communication and data exchange.