Toronto, Ontario--(Newsfile Corp. - June 9, 2022) - SoLVBL Solutions Inc. (CSE: SOLV) (OTCQB: SOLBF) ("SoLVBL" or the "Company"), an innovative cybersecurity company that provides proprietary data authentication SaaS that uniquely features advanced cryptography for data authentication, is pleased to announce that the United States Patent and Trademark Office (USPTO) has granted the Company U.S. Patent No. 11,334,879 for its "Method and System for Digital Payment Instrument Deployment of Authentication Seal".
This patent confirms that the intellectual property of the Company's flagship cryptographic cybersecurity product, Q by SoLVBLTM, is both unique and will be protected, and creates enhanced value for the Company's growing intellectual property portfolio.
This patent will allow the Company to aggressively market its solutions to the distributed financial (DeFi) and centralized financial (CeFi) sectors. This newly granted patent together with the previously granted US patent 11,146,386 strengthens the Company's intellectual property in data authentication and cryptographic validation of data. This patent should allow for an acceleration into the Company's foray in the digital payment sector.
"We have been enhancing strong intellectual property protection around our assets, and we continue to create value for our Company. This new Patent allows us to protect our technology portfolio and continue to develop data authentication products for the financial services sector. We strongly believe that digital currencies and digital payment systems will play an integral role in the global economy for the foreseeable future, and our digital payment authentication seal has the opportunity to be a large part of this future," said Kaiser Akbar, CEO of SoLVBL.
This key patent is the next step in the Company's growth and has been nearly two years in the making. In the ever-evolving world of cybersecurity and overall technological developments, this patent sets the Company apart from its peers.
The patent granted comes after a rigorous process conducted by the USPTO following the first lodgment on February 14, 2020. The granting of the patent also validates an independent third-party cryptographic review and validation, that was previously announced, that had been provided by Professor Sonam Kaul of University of Toronto's Mathematical and Computational Sciences Department.
You can authenticate your data before use by Q by SoLVBLTM. Q by SoLVBLTM allows you to create Trust, Fast.
If you have data worth forging, it's worth protecting with Q by SoLVBLTM.
SoLVBL Solutions Inc.
SoLVBL is an innovative cybersecurity and data authentication company. The Company's mission is to empower, better, faster decisions by developing a universal standard for establishing digital record authenticity. Q by SoLVBL™, is a proprietary technology platform of the Company, designed to be easy to use and adopt, economically priced and provide digital record authentication at very high speed. Q by SoLVBL™ allows organizations to establish trust in their data. The Company is currently pursuing the following verticals: chain of custody for digital evidence; including, NG-911, data used in the financial sector, medical applications and critical IoT infrastructures.
For Further Information, Contact:
SoLVBL Solutions Inc.
Kaiser Akbar, President & CEO
100 King Street West, Suite 5700
Toronto, ON, M5X 1C7
E: kaiser.akbar@SoLVBL.com
Cautionary Note Regarding Forward-looking Information
The CSE has neither approved nor disapproved the contents of this press release.
NEITHER THE CSE NOR ITS MARKET REGULATOR (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION: This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of the Company to successfully achieve its business objectives, including, the implementation and success of Q by SoLVBLTM, and expectations for other economic, business and/or competitive, factors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, SoLVBL assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities law and may not be offered or sold in the "United States", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.
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