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Leonovus Announces New Customer - USA Investment Dealer
[July 11, 2018]

Leonovus Announces New Customer - USA Investment Dealer


OTTAWA, July 11, 2018 /CNW/ - LEONOVUS (TSXV: LTV) announces a solution sale to a South Florida investment company to create a secure cloud infrastructure to meet their archival data storage requirements. The Leonovus software defined storage solution ("SDS") allows the firm to safely access data from any location and meet their on-premise and cloud compliance data governance standards with security, flexibility, a path to manage their future data storage growth - at a much better price than traditional data storage.

Leonovus SDS technology gives the customer flexibility with uncompromising security in a secure data plane that uncouples a firm's data from the underlying infrastructure. The Leonovus solution encrypts, digitally scrambles, and shreds the data into digital fragments then distributes these fragments to customer defined end-points that can be any combinations of on-premise, hybrid, cloud, and multi-cloud. Our data plane uses the Federal Information Processing Standard level encryption ("FIPS 140-2") standard, leads to improved governance, ROI, ultra-secure data, and enhanced business continuity. Leonovus is introducing blockchain software into its overall software platform to improve security and auditability.

"Leonovus is excited to support this US-based investment company and their business requirement for secure customer data with the flexibility to choose the most cost-efficient infrastructure for today and the future. The market continues to validate our strategy that enterprise want military-grade security, fully compliant data protection, lower data storage costs, flexibility, and simplicity – all in one package," said Michael Gaffney, Chairman & CEO of Leonovus Inc.



About Leonovus

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. The architecture is both software and hardware agnostic and is Leonovus is Petabyte scalable. It has a unique blockchain auditability feature and allows the enterprise to use its existing idle storage resources to 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 have 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 exact. 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE Leonovus Inc.


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