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Bravatek Negotiating Cross-Licensing Deal With BiObex(R) for Ecrypt One, Major Contract for Telecom Services Group
Mar. 30, 2016 05:26AM PST
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Bravatek Solutions, Inc. Is in the Final Stages of Negotiating an OEM Deal for Ecrypt One With Two-Factor Authentication Innovator BiObex While Negotiating Viking Telecom Work With Another Major Wireless Services Provider AUSTIN, TX–(Marketwired – March 30, 2016) – Bravatek Solutions, Inc. (OTC PINK: BVTK) is pleased to announce that the company is in final negotiations …
Bravatek Solutions, Inc. Is in the Final Stages of Negotiating an OEM Deal for Ecrypt One With Two-Factor Authentication Innovator BiObex While Negotiating Viking Telecom Work With Another Major Wireless Services Provider
AUSTIN, TX–(Marketwired – March 30, 2016) – Bravatek Solutions, Inc. (OTC PINK: BVTK) is pleased to announce that the company is in final negotiations for an OEM (Original Equipment Manufacturer) deal for its Ecrypt One Cybersecurity email product with BiObex, the developer of a high-caliber two-factor authentication solution called SAFE (“Strong Authentication Front End”).
The terms being negotiated include a cross-licensing agreement, integrating BiObex’s SAFE Technology as the Public Key Infrastructure (PKI) within the Ecrypt One Cybersecurity email system, providing both Bravatek and BiObex with a white label secure email and strong authentication solution targeted mainly at government and military procurement opportunities.
As reported by Market Research Media, the U.S. government sector is under constant pressure to boost investments in cyber security technologies. As a result annual cyber security spending of the US Federal government is bigger than any national cyber security market, including both public and private sector. The U.S. Federal cybersecurity market size is estimated to grow to $22 Billion by 2022, at a steady CAGR of 4.4%.
“We recently announced that we were aggressively pursuing licensing and other opportunities for Ecrypt One as part of our strategy to get the product faster to the end customer,” commented Dr. Thomas A. Cellucci, Bravatek’s Chairman and CEO. “BiObex is a licensee we are excited to work with. There is synergy between our two technologies, and they have extensive government and military contacts looking for just this kind of solution.”
At the same time the Company is negotiating a new work contract with another major wireless services provider for its telecom services group operating as Viking Telecom. If signed, the multi-million dollar contract will expand Bravatek’s telecom capabilities to work on small cells and distributed antenna systems (DAS).
DAS is a way to deal with isolated spots of poor coverage inside a large building by installing a network of small antennas throughout the building to serve as repeaters, like those deployed by Transit Wireless in New York City Subways. Small cells are short-range mobile phone base-stations that can be used to provide in-building and outdoor wireless service. Mobile operators use them to extend their service coverage and/or increase network capacity.
The Company will release updates on both opportunities as they progress.
About Bravatek Solutions, Inc.
Bravatek Solutions, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals to protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems.
For more information, visit www.bravatek.com
About BiObex
BiObex® is a privately held Veteran Owned company founded in 1999. The company’s executive and technical management, with over forty years of experience in the information technology industry, and has developed multi-factor authentication (MFA) software and hardware for security solutions designed to offer unprecedented protection for today’s increased threat environment.
For more information, visit https://biobex.com
Safe Harbor Statement
This press release contains certain “forward-looking statements,” as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management’s current expectations. The economic, competitive, governmental, technological and other factors identified in the Company’s previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The terms being negotiated include a cross-licensing agreement, integrating BiObex’s SAFE Technology as the Public Key Infrastructure (PKI) within the Ecrypt One Cybersecurity email system, providing both Bravatek and BiObex with a white label secure email and strong authentication solution targeted mainly at government and military procurement opportunities.
As reported by Market Research Media, the U.S. government sector is under constant pressure to boost investments in cyber security technologies. As a result annual cyber security spending of the US Federal government is bigger than any national cyber security market, including both public and private sector. The U.S. Federal cybersecurity market size is estimated to grow to $22 Billion by 2022, at a steady CAGR of 4.4%.
“We recently announced that we were aggressively pursuing licensing and other opportunities for Ecrypt One as part of our strategy to get the product faster to the end customer,” commented Dr. Thomas A. Cellucci, Bravatek’s Chairman and CEO. “BiObex is a licensee we are excited to work with. There is synergy between our two technologies, and they have extensive government and military contacts looking for just this kind of solution.”
At the same time the Company is negotiating a new work contract with another major wireless services provider for its telecom services group operating as Viking Telecom. If signed, the multi-million dollar contract will expand Bravatek’s telecom capabilities to work on small cells and distributed antenna systems (DAS).
DAS is a way to deal with isolated spots of poor coverage inside a large building by installing a network of small antennas throughout the building to serve as repeaters, like those deployed by Transit Wireless in New York City Subways. Small cells are short-range mobile phone base-stations that can be used to provide in-building and outdoor wireless service. Mobile operators use them to extend their service coverage and/or increase network capacity.
The Company will release updates on both opportunities as they progress.
About Bravatek Solutions, Inc.
Bravatek Solutions, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals to protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems.
For more information, visit www.bravatek.com
About BiObex
BiObex® is a privately held Veteran Owned company founded in 1999. The company’s executive and technical management, with over forty years of experience in the information technology industry, and has developed multi-factor authentication (MFA) software and hardware for security solutions designed to offer unprecedented protection for today’s increased threat environment.
For more information, visit https://biobex.com
Safe Harbor Statement
This press release contains certain “forward-looking statements,” as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management’s current expectations. The economic, competitive, governmental, technological and other factors identified in the Company’s previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.