Correct, an old project. The team is primarily a consulting firm bringing blockchain tech to companies. As far as I remember they are based on Switzerland, the city of Zug (the blockchian city in Switzerland). The base chain was Stratis, now it is Strax (faster blocktimes). Chain is based on PoW, kinda like Bitcoin chain, but modified. They have side chains for services. They also provide whitelabelled (public/private) side chains to companies and corporates. In my opinion, a very professional company and management of the tech with the aim to connect none-crypto world with blockchains. Not a fast mover in that sense, in financial terms, but a solid mover.