WaveDancer Delivers Against Project Milestones
July 06 2022 - 12:00PM
WaveDancer, Inc., (NASDAQ: WAVD) announced today that the Company
achieved a major milestone with the United States government
contract implementing their end-to-end blockchain-enabled supply
chain management (SCM) platform. For this project, WaveDancer has
taken a very complex supply chain and enabled blockchain throughout
every step of the process – from acquisition to final delivery –
allowing the customer to have security, visibility, and easy
auditability on their entire supply chain ecosystem.
“I am proud of our team for continuing to lead
the way in the application of blockchain within supply chain
management,” stated WaveDancer’s CEO, Jamie Benoit. “In addition to
providing the opportunity to recognize significant revenues, these
recent milestones are important accomplishments in the work we are
doing to better enable the missions of our customers. In the coming
months we are deploying a full-production, operational system
capable of transforming secure supply chain requirements. The
transformational deliverable quickly scales to other government
organizations and numerous commercial enterprises.”
WaveDancer’s platform includes acquisition
capabilities including the use of smart contracts, track and trace
from start to finish, and instantaneous auditability. Additionally,
the security associated with WaveDancer’s blockchain algorithms
allows for the aggregation of sensitive data which can then be
analyzed through Artificial Intelligence (AI) and Machine Learning
to provide precise insights and outputs on a global scale.
About WaveDancer
WaveDancer (www.wavedancer.com), headquartered
in Fairfax, Virginia, offers zero trust blockchain-enabled software
solutions for supply chain security. Our technologies are deployed
and being used to help organizations manage very complex supply
chain challenges. Customers are using the WaveDancer platform to
gain unprecedented levels of accountability, auditability, and
predictability from their data, while giving insights to their
partners and suppliers through a controlled, distributed ledger
that is immutable and can be trusted by all parties. WaveDancer’s
blockchain platform is offered on Amazon Web Services (AWS)
Marketplace for GovCloud and supports secure supply chain
requirements for critical government missions.
Additional information for investors
This release may contain forward-looking
statements regarding the Company's business, customer prospects, or
other factors that may affect future earnings or financial results.
Such statements involve risks and uncertainties which could cause
actual results to vary materially from those expressed in the
forward-looking statements. Investors should read and understand
the risk factors detailed in the Company's 10-K for the fiscal year
ended December 31, 2021 and in other filings with the Securities
and Exchange Commission.
For additional information contact:
Jeremy Hellman, CFA Vice President, The Equity Group Inc.
jhellman@equityny.com(212) 836-9626
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