Life On
Earth, Inc. Updates Shareholders
NEW YORK, NY -- May 26, 2021 -- InvestorsHub
NewsWire -- Life On Earth, Inc. (OTC
Pink: LFER) (the "Company"), has released its latest Letter to
Shareholders from its Chief Executive Officer. Below are some of
the highlights from the letter:
Excerpt from the CEO's Letter to
Life On
Earth, Inc.
(LFER)
shareholders discloses the
following:
"In brief, we are looking at global market of
approximately $1.3 Trillion by 2026 with deployment of IoT devices
in the range of 5-6 billion annually within the foreseeable next
few years.
View full shareholder letter HERE
So, you may be asking, what are our advantages
and how we will position ourselves to capitalize on this
opportunity and realize our ultimate goals? Let me share some
insights and our strategy to capture a significant part of the
emerging market in the following.
The Problem:
First, let me briefly describe the problem the
world economies engaged in the global economic activities are faced
with. The single biggest problem is cyber security, or more
accurately, the lack of it. The cyber security vulnerabilities in
the IoT based solutions are unbelievable! Of the 30 billion + IoT
devices currently in deployment globally, about 25 billion are
vulnerable to cyber hacks, according to ARMIS Inc. 2020 Report . Only a few
billion devices are adequately secured. Moreover, this matter is
getting worse as more and more IoT devices are being deployed at
a fast rate as reported above. The highest vulnerabilities
are in the edge devices - the sensors, gateways, controllers, and
communication devices that can push and pull billions of
transactions every second. The "man in the middle" (machines and/or
individuals) is the global internet looking for opportunities to
disrupt businesses around the world (just for fun, pirate IP, data,
or hack in and pull/or inject false data, etc.). Some attacks, when
successful in penetrating the mission critical business
applications, have caused serious and sometimes irrecoverable
damage to the businesses often causing millions of US dollars per
incidents as reported by Nicole Eagan, CEO of Darktrace, "The
attackers used the smart thermometer in a fish tank to get a
foothold in the network. They then found the high-roller database
and then pulled that back across the network, out the thermostat,
and up to the cloud." Scott Ferguson, Bank Info Security reported,
"attackers were able to access Target … from a third-party HVAC
vendor…$292 million in breach-related expenses" and Kim Zetter, of
Wired reported, "Hackers struck a German steel mill by manipulating
and disrupting control systems to such a degree that a blast
furnace could not be properly shut down, resulting in "massive"
damage." Some have even successfully demanded millions of dollars
(aka the recent pipeline case in the USA). Unfortunately, you can
be sure, there are more such attacks to come causing major
disruptions to our economy and national security. Yes, this problem
is elevated to that level and requires major overhaul of our
national infrastructure. A sobering thought!
The Solution:
This brings me to our solutions and how they
solve our customers' vulnerabilities by bullet proofing their IoT
business environment with patented IoT technologies. SmartAxiom has
developed complete end-to-end solution for multiple industries with
Supply Chain Management, Warehouse and Asset Management, and
Industrial IoT solutions. These solutions are "spot on" to serve
the fastest-growing IoT base edge computing, mobility (tracking and
visualizing distributed assets) and manufacturing Industry IoT
solution markets. We shall be accelerating and driving these
solutions to penetrate this high growth area of the industry. Let
me briefly describe the technologies and solutions we are focused
on.
SmartAxiom's Patented
Technologies: SmartAxiom has been granted four
major patents:
First, Pub. No.: US 2019/0036906 Al, Pub.
Date: Jan. 31, 2019. Second, Pub. No.: US 2019/0253434 Al, Pub.
Date:
Aug. 15, 2019. Third, Pub. No.: US 2019/0273623 Al, Pub. Date: Sep.
5, 2019. Fourth, Patent No.: US 10,924,466 B2, Pub. Date of Patent:
Feb.16,2021
These patents are the core software
technologies that form the basis of "bullet proofing" IoT solution
to secure our customer's enterprise solutions to enable: (a) an
architecture for a security framework based on Blockchain
specifications; b) a method and system for managing and securing
distributed ledger for a decentralized peer-to-peer (p2p) network;
c) a system for a shared and synchronous time series
identification that matches a hardware clock-generating signal of a
blockchain identified node device, with a generated data event time
stamp and shared by all computing nodes participating in a complete
system based on a blockchain design pattern and protocol; d) a
method and system for enabling IOT security using a decentralized
IOT security platform that leverages the advanced communication and
blockchain security thread model to protect IOT eco-systems. With
these unique core capabilities, a system with IoT solutions with
these characteristics can be safely characterized as "hack proof"
in the cloud based distributed business environment. Moreover, it
has been proven by our customers based on our platform technology
partner, Renesas (TSE:6723) and IBM. "
For more information, please read the 8K filed
with the SEC on March 26, 2021 or download the Shareholders' Update
Letter at https://www.lifeonearthinc.com
About Life On Earth,
Inc.
Life On Earth, Inc. ("LFER") is a Cloud Enterprise
software developer and a provider that enables rapid innovation
that keeps the Cloud enterprise operations safe, compliant and
manageable. The products were designed to help organizations
innovate and modernize legacy systems while minimizing cost and
risk of business disruptions and ensure regulatory compliance. For
more information, please visit our corporate website - www.lifeonearthinc.com
Investors and corporate inquiries, please
contact: info@lifeonearthinc.com | (646) 844-
9897
About SmartAxiom,
Inc.
SmartAxiom's software manages and secures IoT
devices through patented, lite blockchain technology running among
those devices at the edge of the Internet – enabling them to defend
themselves. Our peer-to-peer distributed ledgers improve security,
latency, reliability, and manageability. We uniquely create the
first true endpoint-to-cloud blockchain solution, while our IoT
Smart Contracts push intelligence to the edge. SmartAxiom
technology is proving valuable in many verticals such as smart
buildings, manufacturing lines, in vehicles and shipment tracking.
It interoperates with enterprise systems such as IBM Blockchain and
Microsoft Azure and is proven on many ARM and Intel based
microcontrollers such as those from Intel, NXP, Renesas, Marvell,
and Broadcom. www.smartaxiom.com
Safe Harbor Act
Forward-Looking
Statements: This release contains statements that constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These
statements appear in a number of
places in this release and include all statements that are not
statements of historical fact regarding the intent, belief or
current expectations of Life on Earth, Inc. its directors or its
officers with respect to, among other things: (i) financing plans;
(ii) trends affecting its financial condition or results of
operations; (iii) growth strategy and operating strategy.
The words "may," "would," "will," "expect,"
"estimate," "can," "believe," "potential" and similar expressions
and variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statements, including those relating to the Company's financing
being adequate for the Company to develop and market
its software products, and to launch its growth
and expansion plans, among others, are not guarantees of future
performance and involve risks and uncertainties, many of which are
beyond Life on Earth, Inc.'s ability to control, and actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors. No
information in this press release should be construed in any way
whatsoever as an indication of Life on Earth, Inc.'s future
revenues, financial performance or stock price. More
information about the potential factors that could affect the
business and financial results is and will be included in Life on
Earth, Inc.'s filings with the Securities and Exchange Commission
at www.sec.gov.