Leonovus plans for FIPS 140-2 compliance
certification in Q4 2018
OTTAWA, March 28, 2018 /CNW/ - Leonovus Inc.
("Leonovus") (TSXV: LTV) announces that Electronic Warfare
Associates Inc. ("EWA") of Ottawa,
Ontario and Herndon,
Virginia, is under contract to advise and coordinate the
Leonovus submission to the National Institute of Standards and
Technology (NIST) in Washington,
DC for the company to obtain FIPS 140-2 certification.
Leonovus would become one of the first companies in the world
with embedded blockchain technology to receive FIPS 140-2
certification.
NIST created the FIPS 140-2 standard to coordinate the
requirements and standards for cryptography modules. Protection of
a cryptographic module within a security system is necessary to
maintain the confidentiality and integrity of the information
protected by the module. This standard specifies the security
requirements that will be satisfied by such a module. The standard
provides increasing, qualitative levels of security intended to
cover a wide range of potential applications and environments. The
security requirements cover areas related to the secure design and
implementation of the cryptography. These areas include
cryptographic module specification; cryptographic module ports and
interfaces; roles, services, and authentication; key management;
operational environment; finite state model; self-tests; design
assurance; and mitigation of other attacks.
The FIPS 140-2 certification will enable Leonovus to sell its
blockchain hardened software-defined storage solution into
Canadian, U.S. governments and other regulated industries (such as
financial and health-care institutions) that collect, store,
transfer, share and disseminate sensitive but unclassified (SBU)
information.
"Over the past nine months, Leonovus has maintained an internal
audit cadence to meet the FIPS 140-2 certification standards. We
are pleased to report that the company believes that it has
achieved the requirements, based on internal testing. EWA
will help manage the whole certification process for the company
and is confident that our software will be certified later in the
year. Many government agencies in the USA, Canada
and around the world, require the FIPS 140-2 certification.
Moreover, because of the robust requirements to meet the standard,
enterprise customers also benefit. Our early sales traction with
police and security agencies is accelerated because of our design
and development to this standard", said Michael Gaffney, Chair and CEO.
About Leonovus
Leonovus is a software solutions
provider that offers the leading blockchain hardened
software-defined object storage solution (SDOSS) and governance,
risk management and compliance ('GRC') solution for the modern
enterprise. 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. With its software and
hardware agnostic design, Leonovus provides Petabyte
scalability and allows the enterprise to utilize its existing
idle storage resources, 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 contain 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 accurate. 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.
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SOURCE Leonovus Inc.