Validian Provides Update On Strategic Partnerships
OTTAWA, October 31, 2017 -Validian Corp. (OTCQB: VLDI), a leading innovator in cyber-security technology, is pleased to provide an update on the status of its discussions and negotiations with a number of large corporations for strategic partnerships.
The recent news reports of a series of successful, major cyber attacks specifically targeting Equifax, Deloitte and HBO, and the successful global cyber attacks earlier this year, have resulted in almost incalculable damage. However, collectively, these attacks have had the following positive impacts on our negotiations:
During our discussions and negotiations, these large corporations have deepened their understanding of the critical difference between the other cyber security approaches and Validian's radically innovative approach, which in summary is:
Furthermore, these ongoing discussions and exchanges of information have enabled each large corporation to identify internally which area of operations it wants to focus on Validian-enabling first. As a result, we now have several large corporations each focusing on one of the following areas:
“We are pleased with the progress of discussions and the level of interest of each large corporation in arranging a strategic partnership with us. These discussions and negotiations are continuing into November, with the structure of a strategic partnership now ranging from licensing to exclusive rights in a particular market sector to acquisition,” commented Bruce Benn, Chief Executive Officer of Validian.
About Validian Corporation
Validian Corporation (OTCQB VLDI) is a leading innovator in cybersecurity technology that
encompasses and seamlessly protects applications and the complete life cycle of data within its virtual closed systems, providing secure access, retrieval, transfer, receipt, storage and usage of digital information on all devices, operating systems and technology platforms regardless of any type of known or unknown cyberattack or vulnerability or if the host device or network has been hacked or improperly accessed, infected with viruses or malware, or otherwise compromised. 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 on wired, wireless and mobile networks.
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. Visitwww.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