OTTAWA, July 11, 2018 /CNW/ - LEONOVUS (TSXV:
LTV) announces a solution sale to a South Florida investment company to create a
secure cloud infrastructure to meet their archival data storage
requirements. The Leonovus software defined storage solution
("SDS") allows the firm to safely access data from any location and
meet their on-premise and cloud compliance data governance
standards with security, flexibility, a path to manage their future
data storage growth - at a much better price than traditional data
storage.
Leonovus SDS technology gives the customer flexibility with
uncompromising security in a secure data plane that uncouples a
firm's data from the underlying infrastructure. The Leonovus
solution encrypts, digitally scrambles, and shreds the data into
digital fragments then distributes these fragments to customer
defined end-points that can be any combinations of on-premise,
hybrid, cloud, and multi-cloud. Our data plane uses the Federal
Information Processing Standard level encryption ("FIPS 140-2")
standard, leads to improved governance, ROI, ultra-secure data, and
enhanced business continuity. Leonovus is introducing blockchain
software into its overall software platform to improve security and
auditability.
"Leonovus is excited to support this US-based investment company
and their business requirement for secure customer data with the
flexibility to choose the most cost-efficient infrastructure for
today and the future. The market continues to validate our strategy
that enterprises want military-grade security, fully compliant data
protection, lower data storage costs, flexibility, and simplicity –
all in one package," said Michael
Gaffney, Chairman & CEO of Leonovus Inc.
About Leonovus
Designed with the IT manager in mind, Leonovus' patented
algorithms virtualize, transform, slice and disperse data across a
network of on-premises, hybrid or multi-cloud storage nodes –
allowing for the most secure yet internally accessible form of
object-based data storage that provides governance,
risk-management, and compliance across the entire
solution. The advanced geo-distributed architecture minimizes
latency, optimizes geo-availability, reduces remote backup costs
and meets data sovereignty requirements. The architecture is
both software and hardware agnostic and is Leonovus is
Petabyte scalable. It has a unique blockchain auditability feature
and allows the enterprise to use its existing idle storage
resources to extend the useable lifespan of depreciated resources
and improve the enterprise's overall ROI. To learn more,
please visit www.leonovus.com.
This press release may have forward-looking statements and
information, which may involve risks and uncertainties. The
results or events predicted in these statements may differ
materially from actual results or events. Factors that might cause
a difference include, but are not limited to, competitive
developments, risks associated with Leonovus' growth, the state of
the financial markets, regulatory risks and other
factors. There can be no assurance or guarantees that any
statements of forward-looking information contained in this release
will prove to be exact. Actual results and future events could
differ materially from those anticipated in such
statements. These and all subsequent written and oral
statements containing forward-looking information are based on the
estimates and opinions of management on the dates they are made and
expressly qualified in their entirety by this notice. Unless
otherwise required by applicable securities laws, Leonovus
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. Readers should not place undue
reliance on any statements of forward-looking information that
speak only as of the date of this release. Further information
on Leonovus' public filings, including its most recent audited
consolidated financial statements, are available
at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Leonovus Inc.