HOUSTON (BUSINESS WIRE) IronClad Encryption Corporation (the “company” or “IronClad”) (OTCQB:
IRNC), a next-generation cyber defense company that secures digital
assets and communications across a wide range of industries and
technologies, announced today it has entered into an agreement with
Albeck Financial Services, Inc. (“Albeck”) enabling Albeck to deploy
IronClad’s ICEMicro to secure all of Albeck’s domestic and international
cyber transmissions. Albeck will be one of IronClad’s largest
deployments and will provide critical feedback on the ICEMicro software
under real-world operating conditions. Under this agreement, Albeck will
pay IronClad on a monthly basis for the use of its software and
associated technical support.
“In the financial services market, cyber security is paramount to our
daily operations, and we believe IronClad’s unique cyber security
products, including authentication and encryption, will provide our
clients with the state-of-the-art security they demand, yet rarely
receive,” said Christy Albeck, CEO of Albeck Financial Services.
“Implementing IronClad’s ICEMicro allows us to offer a level of cyber
security unmatched in the industry, thus providing us with the benefit
of improved service and reduced operating costs.”
The Albeck Financial Services announcements follow several key 2018
milestones for IronClad:
Global IT solutions provider Technologent will resell IronClad’spatented, ultra-secure ICEMicro software and firmware as part of its
security solutions offerings: IronClad’s ICEMicro technology will
enable Technologent to secure data communications among its software
programs, devices, and a combination thereof in new and innovative
ways. Layer 3 Communications, an engineering firm providing complex network
services and products, has entered into a partnership agreement to
incorporate IronClad Encryption’s ICEMicro context-free and natively
secure Docker Containers into solutions for its customers.
“We’re thrilled Albeck Financial Services has selected ICEMicro to
secure all of its cyber transmissions,” said JD McGraw, President and
CEO of IronClad. “This will be one of our largest deployments, one that
will give us critical feedback regarding the performance of ICEMicro
under real-world operating conditions. We are dedicated to developing
and launching products in markets with strong demand and high
profitability where we have a significant technical advantage, and the
financial services industry is one of the most important to our company.”
“IronClad continues to pursue relationships with companies specializing
in cloud storage, gateways, medical records, digital currency, physical
access, and industrial control systems that either integrates ICE
technology into client products, such as Albeck, or those reselling ICE
products directly through internal sales channels, such as Technologent
and Layer3 Communications,” Mr. McGraw added. “Our agreement with Albeck
is another example of how we continue to prove the effectiveness,
durability and value of our ICE products and how we continue to build
critical mass in a variety of markets. I couldn’t be more delighted with
our progress.”
About Albeck Financial Services, Inc.
Albeck provides financial reporting expertise and specialized
transactional services to small- to mid-cap companies, to help them meet
regulatory requirements and to assist with their technical needs. Albeck
prepares clients for the financial reporting challenges and
opportunities that regulatory bodies and the marketplace present. Albeck
Financial’s services include but are not limited to: PBC and Supporting
Schedule Development, Financial Reporting Preparation, Valuation
Services, IPO/APO/Transactions, Due Diligence for Mergers &
Acquisitions, Sarbanes-Oxley Compliance, Tax Services, Outsourced CFO &
Controller Services and Back-office Accounting and Bookkeeping. Albeck
Financial has over 30 years of financial consulting expertise.
About IronClad Encryption Corporation:
Ironclad Encryption Corporation (OTCQB: IRNC) is an X-Generation cyber
defense company that secures digital assets and communications across a
wide range of industries and technologies. IronClad Encryption-powered
solutions utilize our patented Dynamic Encryption and Perpetual
Authentication technologies to make all known key-based encryption
technologies virtually impossible to compromise. Dynamic Encryption
Technology eliminates vulnerabilities caused by exposure of any single
encryption key by continuously changing encryption keys and keeping the
keys synchronized in a fault-tolerant manner. Perpetual Authentication
Technology uses multiple virtual channels for encryption so that in the
event one channel is compromised, the other channels maintain encryption
integrity. Together, these technologies not only eliminate the single
point of failure problem created by having keys exposed through brute
force, side channel, or other types of attack, but do so with very low
latency and system performance overhead. Developers, MSPs, MSSPs and IT
organizations can now easily and effectively integrate ultra-secure
authentication and encryption measures across essentially all mediums.
This includes the latest processors and operating systems, legacy
hardware and software, within or between networks and on
compartmentalized data or entire databases. At rest or in-motion,
IronClad Encryption ensures data remains safe, secure and uncompromised.
Visit IronClad Encryption at www.IronCladencryption.com
FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking statements thatinvolve substantial risks and uncertainties. The information included in
this release should not be used for investment purposes because
statements of intent or projections of financial performance are based
on assumptions that can change. In addition, events or circumstances may
arise that we can neither anticipate or control. Therefore, any
statements of intent or predictions of financial performance are valid
only on the date of this press release. We undertake no obligation to
update or revise publicly any forward-looking statements, except as
required by law.
Contacts
Investors:
Porter, LeVay & Rose, Inc.
Michael J.
Porter, 212-546-4700
ironclad@plrinvest.com
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