Validian Provides Update on Development and Commercial Roll Out
Highlights include 2016 Development and Commercial Roll Out Achievements, and 2017 Expectations
OTTAWA, January 26, 2017 - Validian Corporation (OTCQB: VLDI; “Validian” or the “Company”), a leading innovator in cyber-security technology, today is pleased to provide the following 2016 - 2017 update on the development and commercial rollout of the Company’s core cyber security technology, ValidianProtect.
Because current cyber security technologies and approaches, regardless of how sophisticated, are not sufficient to protect against ongoing and increasing data breaches and theft, Validian’s team has worked continuously over the past 2 years to extend its core technology, ValidianProtect, to be the first to encompass and seamlessly protect networked applications and the full life cycle of data by providing the secure access, retrieval, transfer, receipt, storage and usage of digital information on all devices, operating systems and technology platforms. To facilitate sales and integrations, this process included migration to mobile operating systems of Apple iOS and Windows 10 to supplement the existing Android; to several Linux platforms primarily used by servers; and to all of the 6 mainstream technology platforms; and the development of the interfaces between the applications, devices, servers, clouds and the technology platforms.
Alongside development in 2016, Validian, with the assistance of Channel Partners, built a growing sales pipeline and prepared itself to scale quickly in response to sales generation, to deliver expediently on signed deals and to provide after sales support. Commercial roll out, cash flow and revenue generation commenced with three integrations and licenses during Q4 2016 and are projected to grow in 2017.
As part of the Company’s sales pipeline, Validian is in continuing discussions with a number of major companies, as well as some well known large and medium sized companies, and are well into the next series of transactions involving both design of the integrations and negotiation of the licenses.
“Given our pricing, which comprises payments upon signing a license and on delivery followed by ongoing periodic payments, often based on the number of endpoints, Validian can expect to be annually cash flow positive going forward by signing 4 to 5 more transactions with only small to medium-sized companies," commented Bruce Benn, “While achieving positive cash flow is important to our business, Validian's current larger objective is to expedite closing transactions as they move through the sales pipeline, as well as partnering with one or more major companies so that we can ramp up closings, cash flow and revenue generation. We look forward to building our transaction volume and updating the market on our traction in the year ahead.”
About Validian Corporation
Validian Corporation (OTCQB VLDI) is a leading innovator in cyber security technology that protects the full life cycle of data, where the value is, by providing 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 and all of the 6 mainstream technology platforms. 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