OTTAWA, September 29, 2015 - Validian Corporation, a leading innovator in cyber-security technology, today issued an update on the implications of the completion and roll out of the newest version of its core technology, ValidianProtect 3.1, as well as its go-to-market strategy designed to populate endpoints for companies operating in the mobile sector.
As indicated in recent announcements, the Company has concentrated its technical and financial resources during the past year in completing the development of ValidianProtect 3.1 instead of furthering roll out of earlier versions. Validian also has spent the past year in "demand-push" marketing and sales efforts with existing and prospective channel partners and customers. The Company gave numerous technical presentations and demonstrations of its technology during the development stages designed to explore and identify revenue generating opportunities, as well as the development of technically advanced mobile applications that both take advantage of, and highlight and demonstrate the secure capabilities enabled by, ValidianProtect 3.1.
Bruce Benn, Validian President and CEO, commented, "Validian is pleased to announce that since Q2, and furthered by the successful testing and review of ValidianProtect 3.1 by certain channel partners during Q3, our marketing efforts have started to turn into "demand-pull" wherein certain channel partners and customers have added and continue to add to our sales pipeline, with orders for Validian-enabled applications that are nearing completion of development, are in the process of development or are in plans for commencing development in the near future."
The go-to-market-strategy of Validian and certain channel partners is focused, among other things, on the development of technically advanced secure mobile applications and secure web applications for mobile that will populate the platforms of major companies in the mobile sector with large numbers of endpoints from existing and new end-users of these applications on those platforms. These platforms include mobile operating systems, mobile devices, cloud platforms, advertising platforms and real and virtual servers.
These Validian-enabled applications will generate added revenues for all parties from licensing for, and/or advertising on or through, these secure mobile applications and secure web applications and from increased sales of mobile devices. This strategy exploits a major differentiator of Validian compared to other cyber security solutions and technologies, which is that the secure capabilities of Validian's technology can rapidly develop large numbers of added application endpoints that can generate significant additional revenues, and can reduce costs significantly, instead of just adding to costs, while at the same time securing the gaps left exposed by cyber security solutions and technologies.
Mr. Benn added, "The completion of ValidianProtect 3.1 for the rapid development of a vast amount of secure mobile applications and secure web applications for mobile that include advanced features, in our opinion has significantly increased the private valuation of Validian's technology. We are very pleased and even intrigued with the vision, efforts and progress of our channel partners in the exploitation of ValidianProtect 3.1 for their markets and customers. Q4 of this year onwards is shaping up to showcase some long awaited announcements."
About Validian Corporation
Validian Corporation (OTCQB VLDI) is a leading innovator in cyber security technology that provides secure access, retrieval, transfer, receipt and storage of digital information on mobile and non-mobile applications, devices, servers, data bases and memory both at rest and in transit 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 for desktop & laptop computers, servers, 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 preceding information as well as information conained in this news release before making an investment in the shares of the company. Information contained in this news release contains "forward looking statement", 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 contitute 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
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