Ganthet Mobile Licenses Validian's Technology
Validian Earns $400,000 of Initial Revenue in Q4 2016
OTTAWA, November 16, 2016 - Validian Corporation (OTCQB: VLDI; “Validian” or the “Company”), a leading innovator in cyber-security technology, is pleased to announce that Ganthet Mobile Corporation ("Ganthet") has licensed Validian's core cyber security technology, ValidianProtect, and Validian's Secure Capabilities Module, which both have been integrated rapidly into Ganthet's new mobile messaging app. As a result, Validian has earned $400,000 of initial revenue in Q4 2016. Validian also is positioned to earn significant ongoing additional revenue as the number of Validian-enabled endpoints is expected to grow through the anticipated deployment of Ganthet’s messaging app and as Validian's technology is integrated into a suite of additional Ganthet apps.
After successful evaluation and testing of prior releases of ValidianProtect during product development, Ganthet has chosen to go to market with this latest release in order to leverage Validian's recently completed Secure Capabilities Module and its more than 10 man years of development of significantly extended, first-to-market cyber security features and capabilities. Validian-enabling the Ganthet app makes it ideal for security and privacy conscious enterprise, government and consumer markets.
"In today's mobile marketplace, most mobile messaging platforms have core common features with little real differentiation and marginal security. Even with encryption, there are significant gaps in security and privacy. Validian has provided Ganthet with significant competitive and time-to-market advantages and we are positioned to quickly develop apps with robust cyber security and a rich set of differentiated True Privacy™ focused features", stated Robert Nadon, President of Ganthet Mobile Corporation. "We look forward to unveiling our Ganthet Mobile messaging app as we launch to our marketplace."
Bruce Benn, Chief Executive Officer of Validian, commented, "Ganthet has built a very impressive mobile messaging app that is an excellent showcase of Validian's technology, which promises to obtain traction in the security and privacy conscious enterprise, government and consumer sectors. Ganthet is one of several companies that have installed and successfully tested Validian's technology during the past 2 to 3 years. We look forward to announcing more revenue generating transactions for these companies during the rest of 2016 as well as during 2017."
About Validian Corporation
Validian Corporation (OTCQB VLDI) is a leading innovator in cyber security technology that provides secure access, retrieval, transfer, receipt, storage and usage of digital information on mobile, Cloud, web, local and network applications, devices, servers, databases and memory at rest, in transit and in usage using wired, wireless and mobile networks. Validian technology enables the next generation of secure Mobile Messaging and Communications, Cloud Computing, Cloud Storage, Distributed Computing and Web Application and WebPortal Access and Usage, Software Defined Networking, the Internet of Things and SCADA, for computers, servers, data bases, intelligent sensors, tablets and SmartPhones.
The Company provides solutions that can be customized to the client's business process to ensure end-to-end authenticity, integrity and custody of high value digital assets. Validian is a U.S. public company with offices in the U.S. and Canada. Visit www.Validian.com for more information on its digital asset solutions.
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Safe Harbor Statement
Investors should carefully consider the information contained in this news release before making an investment in the shares of the company. Information contained in this news release contains "forward looking statements", which can be identified by the use of forward-looking terminology such as "believes," expects," "may," "should," or "anticipates" or negative thereof or given that the future results covered by such forward -looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.
Bruce Benn, CEO and President