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Skkynet Joins B+B SmartWorx (formerly B&B Electronics) Connected Intelligence Global Partner EcosystemSkkynet Cloud Systems, Inc. ("Skkynet" or "the Company") (OTCQB: SKKY), a global leader in real-time cloud information systems, announces its partnership in the new Connected Intelligence Global Partner Ecosystem founded by B+B SmartWorx (formerly B&B Electronics). Skkynet's Secure Cloud SystemTM will support the project goal to "create intelligent networks that can collect, manage, and analyze the data generated by billions of sensors, transforming that data into actionable intelligence that lets companies make predictions and prescribe actions to cut costs, increase productivity or increase revenue." The partnership will launch with a focus on the Internet of Things (IoT). "This ecosystem, which will bring IoT to life, has the potential to redefine industrial process control, taking it to a whole new level," said Paul Thomas, President of Skkynet. "Combining the B+B SmartWorx platform with Skkynet's Secure Cloud Service means remote devices in any location can now connect directly and securely to the cloud, enabling real-time monitoring, control, networking, and big data collection at a far lower total cost of ownership (TCO) than previously thought possible." "We've aligned with companies like Skkynet who are credited with some of the most innovative technologies and solutions in their industries," said B+B SmartWorx CEO, Jerry O'Gorman. "We're excited about the potential they bring to our Connected Intelligence Global Partners Ecosystem, and ultimately, to the customers using their services." The physical infrastructure of the ecosystem is provided by B+B SmartWorx, whose hardware and connectivity stack aggregate raw data from disparate devices and protocols, and transforms it into useful information. Skkynet's Secure Cloud Service provides secure, end-to-end bidirectional connectivity between the B+B equipment and end users at all levels, from operators and plant engineers to managers, analysts, and customers. The service is capable of handling over 50,000 data changes per second per client, at speeds just a few milliseconds over Internet latency. Secure by design, it requires no VPN, no open firewall ports, no special programming, and no additional hardware. "Finding the right partners to fit a specific application's requirements enables our customers to achieve better results than a 'one size fits all' approach," said Mike Fahrion, director of IoT and edge intelligence product development at B+B SmartWorx. About B+B SmartWorx Founded in 1981, B+B SmartWorx, formerly B&B Electronics, provides intelligent M2M and IoT connectivity solutions for wireless and wired networks. The company designs and builds device connectivity and network infrastructure products that deliver intelligent connectivity at the "edge" of networks in remote and demanding environments. Working globally with experienced channel and application partners to deliver complete application solutions, the company is known for building rugged networking products that are easy to deploy and manage. All products are manufactured in the US and European Union with local field applications engineers available worldwide for localized technical support. B+B SmartWorx is headquartered at 707 E Dayton Road, Ottawa, Illinois USA with EMEA operations based in Galway, Ireland. The company has additional engineering sites in California and the Czech Republic. 800-346-3119. http://bb-smartworx.com About Skkynet Cloud Systems, Inc. Skkynet Cloud Systems, Inc. (OTCQB: SKKY) is a global leader in real-time cloud information systems. Its Secure Cloud Service™ collects, processes, and distributes real-time information over networks, locally and remotely. This allows data-intensive organizations to safely and securely manage, supervise, and control industrial processes, embedded devices, and financial information systems. Skkynet's wholly owned subsidiary, Cogent Real-Time Systems Inc., provides DataHub® and WebView™ proven middleware products that enable real-time data integration and distribution for industrial, embedded, and financial systems. Customers include Siemens, ABB, Honeywell (News - Alert), IBM, GE, Statoil, Goodyear, BASF, Cadbury Chocolate, and the Bank of Canada. For more information, see http://skkynet.com. Safe Harbor This news release contains "forward-looking statements" as that term is defined in the United States Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements, including beliefs, plans, expectations or intentions regarding the future, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors, such as the inherent uncertainties associated with new business opportunities and development stage companies. We assume no obligation to update the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. Contact Skkynet Cloud Systems, Inc. Paul E. Thomas, President Office: (888) 628-2028 Fax: (888) 705-5366 Web: http://skkynet.com Email: [email protected]
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