[ad_1]
AUSTIN, TX / ACCESSWIRE / August 17, 2021 / Cipherloc Corporation (OTCQB: CLOK) (‘Cipherloc’), a developer of advanced encryption technology, today announced the filing of its Quarterly Report on Form 10-Q for the fiscal quarter ending June 30, 2021 Update Call on Monday, August 23, 2021 at 11 : 00 p.m. Eastern Time.
‘We continue our steady progress in commercializing our FIPS 140-2 certified Polymorphic Encryption Core (PEC) with our partners and customers, including deployment testing in real applications and customer environments. This process has demonstrated the effectiveness and performance of our solutions in a post-quantum encryption environment as we work to ensure the adoption of a highly disruptive new approach to encryption, “said David Chasteen, CEO. ‘We also kept our lean operating approach while strategically expanding our team to support the transition to sales. These include the recent appointment of John Hetzel as Vice President of Business Development, who uses his vast experience in the encryption sector to expand our sales funnel and accelerate progress in our first customer wins. ‘
telephone conference
Individuals interested in the conference call on Monday, August 23, 2021 at 11:00 a.m. Eastern Time can do so by calling + 1-862-298-0970. A live webcast will also be available on http://www.cipherloc.net by clicking on “About”, then “Investor Relations”, then “Events & Presentations”.
The call includes management comments and a question-and-answer session with pre-submitted questions. The questions are aggregated and read in the invitation to management to answer them during the conference call. Questions must be submitted to mkreps@darrowir.com by Wednesday, August 19 at 4:00 p.m. Eastern Time in order for them to be included.
A webcast replay will be available on the Cipherloc website at http://www.cipherloc.net until approximately November 20, 2021 after the call is completed.
Since 2020, Cipherloc has developed commercial applications of its technology by advancing a software development kit (‘SDK’) for its polymorphic encryption core. This allows potential customers to integrate and configure the PEC using the SDK. Cipherloc’s technology now supports commercial applications through three different products.
- For data-in-motion applications, Cipherloc Sentinel enables a customer to integrate a post-quantum encryption solution into their product environment.
- Cipherloc Armor uses the Sentinel solution in a hardware appliance that can be deployed in front of any IT system and encrypts the data traffic between paired Armor devices with little setup effort.
- Cipherloc Shield addresses data-at-rest requests and securely encrypts data with the PEC, which is stored on a hard drive or in a database for long-term storage.
About Cipherloc Corporation (OTCQB: CLOK)
Cipherloc Corporation Provides Advanced Technology and Expertise to Protect Your Data Cipherloc Corporation offers advanced technology and expertise to protect your data and protect your privacy with the speed you need today and the agility you need tomorrow. Our patented polymorphic encryption technology provides a stronger, adaptable and scalable layer of security for a wide variety of applications and systems. Learn more at www.cipherloc.net.
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management’s views regarding Cipherloc’s future expectations, plans and prospects, including within the safe harbor of the Private Securities Litigation Reform Act of 1995 (the “Act”). In particular, the words “believe,” “hope,” “expect,” “intend,” “plan,” “anticipate,” or “may,” and similar conditional expressions, when used in the discussion above, and similar conditional expressions are intended to be Future mark statements within the meaning of the law and are subject to the safe haven created by law and otherwise. All statements made in this press release that are not historical facts about an act, event or development are forward-looking statements. These statements involve known and unknown risks, uncertainties, and other factors that could cause the results of Cipherloc, its businesses and concepts to differ materially from those expressed or implied in these statements. These risk factors include, but are not limited to, statutory rights of first refusal granted to our shareholders under Texas law, our past failure to comply with such rights, dilution from exercising those rights, and potential penalties or liability in connection therewith, and our plans to terminate those rights in the future ; Fines and other amounts payable for our failure to comply with the deadlines and agreements set out in the private offer documents dated March / April 2021; that we have suffered net losses since inception, our need for additional funding, significant doubts about our going concern, and the terms of any future funding we raise; that COVID-19 has had a significant impact on our operations and could continue to have a material negative impact on our operating results in the future; our dependence on current management and our ability to attract and retain qualified employees; Competition for our products; our ability to develop new products, improve current products, and innovate; Unpredictability of our operating results; our ability to retain existing licensees and add new licensees; Risks related to data breaches, security breaches, unauthorized access to our and our customers ‘(if any) and the customers of our licensees’ systems and products, hacking risks, risks of willful interruption of our products or services, product failures and the effects of such failures and other events affecting our brand and operating results; Failures in third party infrastructure that we rely on; Default of payment and default of payment by the customer; Delays in product development, our failure to predict changes in technology, and actual or perceived defects or weaknesses in our products; our ability to manage our growth; our ability to protect our intellectual property (IP), enforce our IP rights, and defend ourselves against claims we have infringed against the intellectual property of others; Risks related to the volatile and sporadic trading of our common stock, dilution from future offers, anti-dilution rights in relation to our securities, overhang, effects of significant sales of our common stock, anti-dilution rights of warrants; additional restrictions on the sale of our common stock because it is penny stocks, our compliance with various rules and regulations, penalties for failure to comply, and the risk of new, more expensive, or more restrictive rules and regulations; our ability to maintain effective controls and procedures; Limitations on our ability to issue new securities and amounts payable to our CEO on certain sales of the company; the ability of the Board of Directors to disclose preference shares with blank check without further shareholder approval; Risks related to future acquisitions and / or our failure to grow through acquisitions; Risks associated with pending and / or future litigation, litigation and / or government claims; and other risk factors that are contained from time to time in documents Cipherloc files with the Securities and Exchange Commission, including but not limited to Form 10-Ks, Form 10-Qs, and 8-Ks. These reports are available at www.sec.gov. Other unknown or unforeseeable factors could also have a material adverse effect on Cipherloc’s future results. The forward-looking statements contained in this press release speak only as of the date of this press release. Cipherloc cannot guarantee future results, activity levels, accomplishments, or successes. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Cipherloc assumes no obligation to update these statements after the date of this publication unless required by law, and assumes no obligation to update or correct any information prepared by third parties that are not paid for by Cipherloc. If we update one or more forward-looking statements, it should not be inferred that we are additionally updating these or any other forward-looking statements.
Investor contact:
Matt Kreps
Darrow Associates Investor Relations
214-597-8200
mkreps@darrowir.com
SOURCE: CipherLoc Corporation
View source version on accesswire.com:
https://www.accesswire.com/660068/Cipherloc-Announces-Fiscal-Third-Quarter-Results-Shareholder-Update-Call
[ad_2]
