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SoLVBL Solutions Inc. (CSE: SOLV) (the "Company" or "SoLVBL") is pleased to announce that it will commence trading on the Canadian Securities Exchange under the symbol SOLV at the open of business today.
SoLVBL's vision is a world where every digital record's authenticity can be established quickly and irrefutably. SoLVBL will operate in the Cyber Security and Data authentication sectors. The world is living in an increasingly digital age with digital forgery a growing problem. SoLVBL is focused on creating trust, expeditiously, by allowing data to be authenticated before use.
Ray Pomroy, CEO of SoLVBL commented, "I am excited to share this announcement as it represents a significant milestone for SoLVBL, our team and our shareholders." Q by SoLVBL is an innovative, proprietary data authentication SaaS that uniquely features advanced cryptography for data authenticity. It offers integrity protection against data substitution or corruption (for data at rest), as well as Man-in-the-middle attacks (for data in motion). "Having led the supply chain initiatives at Unilever Canada, I know, firsthand what it takes to ensure security and data integrity. I am very proud of our team's accomplishments and look forward to delivering long-term value for all stakeholders across a variety of sectors," added Mr. Pomroy.
The cyber security market size was valued at $149.67 billion in 2020 and is projected to reach $304.91 billion by 2027, growing at a CAGR of 9.4% from 2020 to 2027. North America accounts for 45% of the global market for Cyber Security. The Data security & privacy segment is expected to outpace the total market growth for cyber security.
SoLVBL's main product offering is Q by SoLVBL, targeting the Data security and privacy segment. Q by SoLVBL operates at unprecedented speed and scalability, having a capability of processing over 150,000 transactions per second with low levels of latency. A key feature is confidentiality, as Q by SoLVBL never keep records of any data.
SoLVBL is currently pursuing the following verticals, Information attribution and authenticity (legal, digital evidence, medical, financial etc.), Pharmaceutical verification, Advertising audits and Supply chain tracing.
By using Q by SoLVB: you Create trust fast by stamping before storing and verifying before using.
For further information, please contact: Raymond Pomroy, Chief Executive Officer
15 Toronto Street, Suite 602, Toronto, Ontario, M5C2E3, www.SoLVBL.com
Email: Ray.Pomroy@SoLVBL.com Tel: 905.510.7982
The CSE has neither approved nor disapproved the contents of this press release.
NEITHER THE CSE NOR ITS MARKET REGULATOR (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, SoLVBL Solutions Inc. assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law and may not be offered or sold in the "United States", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.
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