SoLVBL Solutions Inc. (CSE: SOLV) (“SoLVBL” or the “Company”), an innovative cybersecurity company that provides proprietary SaaS based data authentication, which uniquely features advanced cryptography for data authentication and operates at unprecedented speed and scalability, is pleased to announce that it has won the proposal for a non-fungible tokenization (“NFT”) product and the associated licensing of Q by SoLVBL™ to an international private company.
SoLVBL’s winning proposal complied with the technical specifications set out in the request for proposal (“RFP“) by the private company. SoLVBL also complied with all legal and administrative requirements set out in the RFP. The private company has decided that SoLVBL has the required technical experience to provide the technology solutions it needs for its product offerings.
In the next few days, the corresponding contract will be signed between the private company and SoLVBL so that the work can start as soon as possible. Terms and compensation of the agreement are being finalized and will be announced shortly.
“As one of our very first revenue generating customers, we are excited to be working with this group of technology entrepreneurs and we believe that this relationship will bring tremendous value to the Company and our stakeholders. In addition, this does not take away from our core business and offerings, it offers us a new revenue stream,” said Raymond Pomroy, CEO of SoLVBL.
About SoLVBL Solutions Inc.
SoLVBLis an innovative cybersecurity company. The company’s mission is to empower, better, faster decisions by developing a universal standard for establishing digital record authenticity. The lead product Q by SoLVBL™, is a proprietary software of the Company, designed to be easy to use and adopt, economically priced and provide digital record authentication at a unprecedented 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 more information, please visit SoLVBL.com.
For further information, please contact:
SoLVBL Solutions Inc.
Raymond Pomroy, CEO
15 Toronto Street, Suite 602
Toronto, Ontario, M5C2E3
The CSE has neither approved nor disapproved the contents of this press release.
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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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