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Leonovus Publishes Galaxa Whitepaper

SINGAPORE and OTTAWA, OntarioNovember 12, 2018 /PRNewswire/ —

Leonovus Inc., (“Leonovus” or the “Company”) (TSXV: LTV)(OTC: LVNSF) at a press conference in Singapore, announced the release of Ver 1.0 of the Galaxa Whitepaper. The news conference in Singapore aligned with Leonovus’ participation in the Canadian Trade Mission to the Singapore Fintech Festival . Singapore is a major global blockchain hub.

“We are proud to release this first version of the Galaxa whitepaper and invite feedback from the global blockchain community to help us reflect on, and improve, the architecture and document. We expect several iterations of the whitepaper before the close of financing. The whitepaper is available for downloading on the Galaxa website – galaxa.com,” said Michael Gaffney, Chairman and CEO.

The Galaxa project is an important strategic initiative for Leonovus. The current cloud storage and compute market is an oligopoly and Galaxa intends to challenge this market concentration.  Gartner predicts 30%+ compounded annual growth rates for enterprise cloud data storage and cloud compute. The Galaxa blockchain platform incorporates the patented distributed storage and compute technology, benefiting from USD 26 million in research investment by Leonovus. It is the first blockchain-enabled, enterprise-class, Anything as a Service (XaaS), distributed storage and compute marketplace. A native cryptocurrency called GAAX is the payment system. Galaxa will introduce a new blockchain architecture designed to accelerate the global development and implementation of XaaS offerings by independent developers that share a worldwide network of enterprise-grade distributed data storage and distributed compute assets.

In 2008, Bitcoin was the first major use of a blockchain. In 2015, Ethereum improved the blockchain with the introduction of the Smart Contract. In 2020, Leonovus believes, that Galaxa Smart Services becomes the next blockchain evolution. Before Galaxa Smart Services, the blockchain methodology of using programming languages such as Solidity, Java, and Python to program smart contracts required customers to incur costs in time and money to develop, test and run their interactions with participants on the blockchain. These costs can be prohibitive for many services, and do not work well with normal enterprise business practices.

Smart Services allows developers to use the Galaxa blockchain and build applications for the web-based, XaaS Galaxa marketplace using high-level natural language constructs and open web APIs. The system eliminates the need for complex smart contract coding and logistics. Galaxa will address the challenges faced by developers and enterprises that want to adopt and gain the benefit of cloud and blockchain technology in an effective, efficient and secure data marketplace, without requiring the skills of a Ph.D. in cryptography.

To finance the Galaxa project, Leonovus plans to complete a Security Token Offering (“STO”) by issuing a security called a Simple Agreement for a Future Token (“SAFT”) as previously announced on September 4, 2018. Leonovus is applying to the regulators and the stock exchange to make the GAAX SAFT a tradable security on the TSX Venture Exchange. In eighteen to twenty-four months after the close of the financing, the SAFT will convert into the GAAX tokens. The marketplace will charge a small service fee percentage in GAAX to vendors and this service fee will be distributed to GAAX owners and system moderators. GAAX tokens will also be a security. Galaxa will pay regular distributions of GAAX to the token owners. Details about the distributions are in the whitepaper. The Company believes that GAAX is the first cryptographic token designed for the exchange of value between a corporate information technology buyer, an application service provider, and a storage/compute infrastructure supplier.

“Galaxa is much more than most typical ICOs or STOs in that it will incorporate the Leonovus Smart Services blockchain innovation, along with a global enterprise-class marketplace that embeds Leonovus’ hyper-secure software-defined cloud storage technology which is in production today. The marketplace provides a platform for thousands of cloud services developers who are locked out of the current market because of the oligopoly. This is also great news for the enterprise as there will be more choice for cloud service products and less cloud vendor lock-in,” said Gaffney.

The planned STO will include a public offering of SAFTs in Canada and a private placement offering of SAFTs to accredited investors in Canada and to equivalent investors in other jurisdictions in compliance with applicable securities laws of those jurisdictions. There can be no assurance that the Canadian securities administrators will provide a final receipt for the prospectus and there can be no assurance that the TSXV will accept the SAFTs for trading. Following the issue of SAFTs to investors, no GAAX tokens will be issued pursuant to the SAFTs unless and until the Company successfully develops, builds, and launches the Galaxa marketplace. The launch date is planned to occur within eighteen to twenty-four months after the close of financings. The ability to trade the GAAX tokens will be subject to applicable securities and other laws and exchange rules at that time.

 

 

To Learn more visit: www.galaxa.com 

Digital Finance Institute Nominates Leonovus for Blockchain Company of the Year Award

OTTAWANov. 5, 2018, /CNW/ – Leonovus Inc., (“Leonovus” or the “Company”) (TSXV: LTV) (OTC: LVNSF) is honoured to be recognized by the Digital Finance Institute and its nomination of Leonovus for the Blockchain Company of the Year award. The 4th Annual Canadian FinTech and AI Awards, to be held November 26th in Toronto, brings together Canada’s FinTech & AI ecosystem for a memorable night celebrating Canadian Innovation.  Leonovus was the first company to launch a blockchain enabled hyper-secure multi-cloud software-defined data storage strategy for large enterprises.

“We are honoured to receive this recognition and nomination from the FinTech and AI community for contributing to the development of innovative blockchain technology and industry impacting solutions like our unique Blockchain Evidence Locker, a game changer for public safety and law enforcement agencies,’ said Michael Gaffney, Leonovus Chairman, and CEO.

About Leonovus

Leonovus is a cloud solutions software developer of a blockchain enabled software-defined object storage solution. Designed with the IT manager in mind, Leonovus’ patented algorithms encrypts, shreds and spreads 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 GRC across the entire solution. The advanced geo-distributed architecture minimizes latency, optimizes geo-availability, reduces remote backup costs and meets data sovereignty requirements. With its software and hardware agnostic design, Leonovus provides Petabyte scalability and allows the enterprise to utilize its existing idle storage resources, 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 contain 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 accurate.  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 because 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) accept responsibility for the adequacy or accuracy of this release.

 

SOURCE Leonovus Inc.

Leonovus to Publish its Galaxa Whitepaper at the Singapore Fintech Conference.

Galaxa will be the first cloud XaaS distributed storage and compute marketplace designed to address the unique requirements of enterprise customers, public and private,  based on a proprietary blockchain powered by the cryptocurrency GAAX.

OTTAWA, October 31, 2018 /CNW/ – Leonovus Inc., (“Leonovus” or the “Company”) (TSXV: LTV) (OTC:LVNSF) previous announced that it would release its whitepaper by the end of October 2018. Leonovus is part of the Ontario contingent to the Team Canada trade mission at the November 12-16 Singapore Fintech Festival. Leonovus will take advantage of the large numbers of fintech and blockchain experts congregated at the Singapore Fintech Festival to hold a news conference regarding the Galaxa project including the unveiling of the Galaxa whitepaper and website.

About Leonovus

Leonovus is a cloud solutions software developer of a blockchain enabled software-defined object storage solution. Designed with the IT manager in mind, Leonovus’ patented algorithms encrypts, shreds and spreads 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 GRC across the entire solution. The advanced geo-distributed architecture minimizes latency, optimizes geo-availability, reduces remote backup costs and meets data sovereignty requirements. With its software and hardware agnostic design, Leonovus provides Petabyte scalability and allows the enterprise to utilize its existing idle storage resources, 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 contain 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 accurate.  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 because 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.

[email protected]

Investor Relations: George Aizpurua, [email protected], 647.500.2389, 416.742.5600

Canadian Bank Contracts Leonovus for Hyper-Secure Multi-Cloud Software-Defined Storage Solution

OTTAWASept. 20, 2018 /CNW/ – Leonovus Inc., (“Leonovus” or the “Company”) (TSXV: LTV) (OTC: LVNSF). On October 23, 2017, the Company announced that it had signed a proof of concept (“POC”) contract with a major Canadian bank. Leonovus is pleased to announce that it has signed a new contract with the bank to install its software in a production deployment.

Over the last ten months, Leonovus has successfully demonstrated the benefits, and the performance, of its secure object-based storage solution in the bank’s lab with non-production data. This contract marks the transition from a ten-month long laboratory test and verification process to an in-production deployment of the Leonovus software-defined storage solution into a major financial institution.  Leonovus will aggregate the institution’s on-premises storage resources with multiple subscribed public clouds to provide the data resiliency, security, and architecture necessary for the bank to benefit from the lower costs and the increased flexibility from this hybrid, multi-cloud, data storage strategy.

“Migrating the data storage of large enterprises from on-premises to the public-cloud, or hybrid-cloud, while providing a hyper-secure single storage gateway to these storage endpoints, is a key strategic objective of the Company’s technology. Enterprise customers, like the bank, can now easily use any public cloud solution without sacrificing corporate data governance, or controls, and benefit from significant cost savings while preventing cloud service provider or storage vendor lock-in. I would like to give kudos to the entire Leonovus team for the speed at which this project closed. To close an enterprise customer of this size from POC to production in ten months is extraordinary work,” said Michael Gaffney, Chairman, and CEO.

This press release may contain 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 accurate.  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 because 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) accept responsibility for the adequacy or accuracy of this release.

 

To learn more about the Leonovus hyper-secure multi-cloud software-defined storage solution : https://www.leonovus.com/software-defined-object-storage/

Leonovus Launches ‘Blockchain Evidence Locker’ Product for the Law Enforcement and Legal Markets

OTTAWASept. 13, 2018 /CNW/ – Leonovus Inc., (“Leonovus” or the “Company”) (TSXV: LTV) (OTC: LVNSF) announces a new product offering – the Blockchain Evidence Locker.  The Company is taking customer orders for trials in Q4 2018 and expects full deployment of this powerful solution in Q1 2019.

All law enforcement agencies and related organizations are faced with massive growth for storing digital evidence. This critical evidentiary information needs to remain true, tamperproof, and with a verifiable chain of custody. Car cams, body cams, CCTV, computers, and all forms of communication records, are driving this growth. Leonovus has developed the Blockchain Evidence Locker to address these needs.

The Blockchain Evidence Locker enables law enforcement organizations to address their storage requirements with confidence that their digital evidence remains available and cryptographically-verifiable. Leonovus’ patented algorithms encrypt, shred and spread 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 Blockchain Evidence Locker solution. The advanced distributed architecture minimizes latency, optimizes geo-availability, reduces remote backup costs and meets data sovereignty requirements.

Police forces, prosecutors and the courts are required to maintain a detailed chain of custody for all digital evidence. The Leonovus Blockchain Evidence Locker records all evidence submissions, supports access monitoring, reports on new evidence submissions along with update and deletion events. The Blockchain Evidence Locker is directly managed by the agency or police force giving them complete control over the process.

This solution allows authorized third-party organizations to access the evidence. Auditors can view and verify all digital activity regarding the evidentiary assets. This includes having a detailed audit of any changes to the information as well as having absolute knowledge about who has submitted, accessed, or updated the digital evidence.

“The Company has eight law enforcement and public safety agencies in its sales pipeline and we expect most of these agencies to start a paid trial product verification process. The Blockchain Evidence Locker has utility beyond the law enforcement and legal markets. Indeed, the GDPR regulations in Europe and the standard compliance requirements of many corporations demand that corporate data be managed much like an evidence locker,” said Michael Gaffney, Chairman & CEO.

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Galaxa Marketplace ICO

Leonovus Announces Plans for an Initial Coin Offering for the GALAXA Marketplace

OTTAWA, Sept. 4, 2018 /CNW/ – Leonovus Inc., (“Leonovus” or the “Company”) (TSXV: LTV) announced today an update to its initial December 21, 2017 news release regarding plans for the launch of an Initial Coin Offering (“ICO”) for securities in the form of a contract called a Simple Agreement for a Future Token (“SAFT”). The Company plans to release the first draft of the GALAXA Whitepaper before the end of October and launch the ICO before the end of 2018.

The SAFT will convert into tokens called GAAX, which is the underlying cryptocurrency for the Anything as a Service (“XaaS”) marketplace called “GALAXA”. The Company is in discussions with the Launchpad team of the Ontario Securities Commission (“OSC”) for its support and the support of other Canadian securities administrators in developing GALAXA to ensure that the offering and issuance of GALAXA SAFTs are carried out in compliance with Canadian securities laws. The Company is also in discussions with the TSX Venture Exchange (“TSXV”) with a view to listing the GAAX SAFTs for trading.

“Leonovus is applying to the regulators and the stock exchange to make the GAAX SAFT a publicly tradable security on the TSX Venture Exchange. If approved, unlike most cryptocurrencies, the GAAX SAFT will become a regulated security with the requirement for continuous public disclosure. This transparency exceeds the disclosure to investors compared to most other cryptocurrencies,” said Michael Gaffney, Chairman, and CEO.

The current cloud storage and compute marketplace is an oligopoly and GALAXA intends to challenge this market concentration. Gartner predicts 40%+ compounded growth rates for enterprise data storage and compute. GALAXA’s blockchain technology is designed to manage this growth either in the cloud or on-premises and provide an open platform for developers to add new enterprise products/services.

The GALAXA protocol introduces a new blockchain architecture designed to accelerate the global development and implementation of XaaS offerings by independent developers that share a worldwide network of enterprise-grade distributed data storage and distributed compute assets.

Unlike the proposed technology of many ICO’s, much of the core technology for GALAXA is already designed, developed and deployed by Leonovus. Since it began operations in 2011, the Company has invested $26 million in the development of its geo-distributed software-defined storage and distributed compute software. Large portions of this technology are already in trials with Leonovus customers. This software is the essential foundation technology for GALAXA. Leonovus will provide free, perpetual licenses to GALAXA for this software, which should accelerate the development of XaaS applications by independent entrepreneurial developers.

The GALAXA hybrid blockchain protocol provides the governance, risk management and compliance required by large enterprises as they need to extend standard IT controls into distributed cloud applications.

The Company believes that GAAX is the first cryptography designed for the exchange of value between a corporate information technology buyer, an application service provider, and a storage/compute infrastructure supplier. The GALAXA ICO is a solution for the enterprise market – unlike most consumer-focused ICO’s.

Enterprise-class customers need a mechanism to discover, verify and use distributed services, be they cloud-based or on-premises, which meets their requirements for flexibility, efficiency, capability, security, and compliance. Similarly, the providers of these enterprise-class XaaS in the GALAXA Marketplace, need a cost-effective mechanism to make their services available, including verified capabilities and quality of service, for a broad vendor-neutral set of customers across multiple verticals and target markets. GALAXA ensures that the exchange of services and payments is simple, efficient and verified with a Proof of Provided Service consensus algorithm and scales to millions of transactions per second.

“The development of many new global software products and services requires the use of a token or coin as the measure of value for services delivered or services bought. Distributed everything, at the edge, will become the norm. Without the use of a token, operating and monitoring distributed storage and computing by humans is not economically feasible. However, as larger public and private corporations look for blockchain-based applications and services, they will expect regulation as trust is critical for these organizations. Leonovus intends to be at the forefront of global, trusted, tokenized applications,” said Gaffney.

It is expected that the planned ICO will include a public offering of SAFTs in Canada and a private placement offering of SAFTs to accredited investors in Canada and to equivalent investors in other jurisdictions in compliance with applicable securities laws of those jurisdictions. There can be no assurance that the Canadian securities administrators will provide a final receipt for the prospectus and there can be no assurance that the TSXV will accept the SAFTs for trading. Following the issue of SAFTs to investors, no GAAX Tokens will be issued pursuant to the SAFTs unless and until the Company successfully develops, builds, and launches the GALAXA Marketplace. The launch date is planned to occur within eighteen to twenty-four months after the close of financings. The ability to trade the GAAX Tokens will be subject to applicable securities and other laws and exchange rules at that time.

About Leonovus

Leonovus is a cloud solutions software developer of a blockchain enabled software-defined object storage solution. Designed with the IT manager in mind, Leonovus’ patented algorithms encrypts, shreds and spreads 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 GRC across the entire solution. The advanced geo-distributed architecture minimizes latency, optimizes geo-availability, reduces remote backup costs and meets data sovereignty requirements. With its software and hardware agnostic design, Leonovus provides Petabyte scalability and allows the enterprise to utilize its existing idle storage resources, 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 contain 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 accurate. 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 because 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) accept responsibility for the adequacy or accuracy of this release.

Leonovus signs 2nd federal government trial

Leonovus Announces 2nd Federal Government Trial & Sales Pipeline Update

OTTAWAAug. 14, 2018, /CNW/ – Leonovus Inc. (“Leonovus”) (TSXV: LTV) announces another major trial of Leonovus software for a Government of Canada (“GOC”) department.

This department, like many of our customers, is faced with both the preservation of and access to documents over an extended period. The critical requirements provided by the Leonovus solution include WORM (Write Once, Read Many), a blockchain-enabled digital chain of evidence, ultra-secure data storage, multi-cloud vendor management, control over where the data resides and avoiding storage vendor lock-in, which enables the department to take advantage of data storage pricing opportunities. As previously announced, Leonovus is in discussions with several Government of Canada departments. We expect more of these departments to install our unique ‘encrypt – shred – spread’ data storage technology with military-grade data durability by the end of the year.

Currently, there are fifty companies in the company’s sales pipeline with a gross annual revenue potential of more than $8M CAD. Applying a twenty-five percent sales probability model to these opportunities results in the potential for $2M in annual recurring revenues. The sales cycle is twelve to eighteen months, which means this revenue, except for current proof of concept invoices, would begin to appear in 2019. The current sales forecast includes only Canada and the USA.

“Going into the fall of 2018 we expect to increase the number of trial customers further and announce the conversion of our initial proof of concept (“POC”) customers into production customers. To date, we have been 100% successful in retaining POCs and expect most if not all to convert into production customers. Over the past six months, our primary investment was in product hardening and building out our marketing. I am very pleased with the sales funnel given that we only had two sales professionals on staff. We are currently increasing our sales staff and expanding our partner program. We believe we can increase our sales pipeline by a factor of five in the next twelve to eighteen months,” said Michael Gaffney, Chairman, and CEO.

 

Learn More

 

About Leonovus

We offer the leading software-defined storage (SDS) solution combined with blockchain auditing and management capabilities that contribute to governance, risk management and compliance (GRC) for the modern enterprise. Designed with the IT manager in mind, Leonovus’ patented algorithms virtualize, transform, slice and disperse data across a network of on-premises, hybrid and/or multi-cloud storage nodes – allowing for the most flexible yet secure object data storage while ensuring full visibility and compliance across the entire solution. The advanced geo-distributed architecture minimizes latency, optimizes geo-availability, reduces remote backup costs and allows organizations to meet data sovereignty requirements. With its software- and hardware-agnostic design, Leonovus is architected for Petabyte scalability and allows the enterprise to utilize its existing idle storage resources, extend the useable lifespan of depreciated resources and improve the enterprise’s overall ROI.

This press release may contain 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 accurate. 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 because 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) accept responsibility for the adequacy or accuracy of this release.

New customer for Leonovus software-defined object storage

Leonovus Announces New Customer – USA Investment Dealer

OTTAWAJuly 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 enterprises 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.

Learn more about Leonovus Product: Click here

For further information: Leonovus Investor Relations, George Aizpurua, 647.500.2389, 416.742.5600; leonovus.com

Leonovus announces contract with federal government

Leonovus Announces Federal Government Trial

OTTAWAJune 25, 2018, /CNW/ – Leonovus Inc. (“Leonovus”) (TSXV: LTV) announces a major trial of Leonovus software for a large department in the Government of Canada (“GOC”).

In February 2018, Leonovus announced its approval for the GOC’s Build in Canada Program (“BCIP”), which entitles the Company to a $500,000 purchase grant and a $1.5M simplified supply arrangement for any federal government department that purchases Leonovus software. We are now in detailed discussions with ten different government departments to install our industry-leading software-defined storage solution. Today we are pleased to announce the closing of a comprehensive trial with one of these departments.

This federal department is faced with managing a massive amount of data with the continuous pressure to reduce costs and the ever-increasing requirements for compliance and ultra-secure data storage and retrieval.

Applying our unique patented ‘encrypt – shred – spread’ data storage algorithms results in military-grade cyber security and uses the cloud to significantly reduce storage costs. The Leonovus hybrid, multi-cloud data storage capability ensures that the department’s storage assets are not stranded or locked into a specific cloud storage provider. Moreover, Leonovus software enables the department to take advantage of the continuous downward pricing trends for cloud storage services.

“Having a major Government of Canada department install our product is tremendous news for the company. We recently completed CENGN resiliency testing.  Our software-defined storage solution will help government departments dramatically reduce their storage costs and ensure the protection of public data. This trial will last three months, and the plan is to move this department into production and a standard supply arrangement in the fall of 2018. We anticipate that this is the first of several government departments to trial and install Leonovus software,” said Michael Gaffney, Chairman, and CEO.

About Leonovus

We offer the leading software-defined storage (SDS) solution combined with auditing and management capabilities that contribute to governance, risk management and compliance (GRC) for the modern enterprise. Designed with the IT manager in mind, Leonovus’ patented algorithms virtualize, transform, slice and disperse data across a network of on-premises, hybrid and/or multi-cloud storage nodes – allowing for the most flexible yet secure object data storage while ensuring full visibility and compliance across the entire solution. The advanced geo-distributed architecture minimizes latency, optimizes geo-availability, reduces remote backup costs and allows organizations to meet data sovereignty requirements. With its software- and hardware-agnostic design, Leonovus is architected for Petabyte scalability and allows the enterprise to utilize its existing idle storage resources, extend the useable lifespan of depreciated resources and improve the enterprise’s overall ROI.

This press release may contain 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 accurate. 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 because 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) accept responsibility for the adequacy or accuracy of this release.

Leonovus 3.0

For further information: Investor Relations: George Aizpurua, [email protected], 647.500.2389/416.742.5600

Leonovus executives talking about ultra secure software defined object storage

Leonovus executive to present at CIO Digital Transformation Summit

OTTAWA, April 18, 2018 – Leonovus Inc. (“Leonovus”) (TSXV: LTV) The Leonovus Executive Team after a very successful first summit in Miami will be attending their second summit in Ottawa, Ontario from April 22nd to 24th. The Ottawa CIO Digital Transformation Summit will bring together CIO’s and CISO’s of industry leading enterprises and offers Leonovus a tremendous opportunity to articulate the Company’s latest IT solutions that ensure flexible, simple and secure solutions for on-premise, hybrid, and multi-cloud data storage.

During the summit, the Leonovus team will engage, inform, and advise the attending CIOs and CISOs with a simple message. Due to the unique blockchain hardened distributed storage technology offered by Leonovus, their enterprises will no longer have to compromise between ROI, security, and compliance when it comes to managing their sensitive data. They will also avoid the typical installation complexity and vendor lock-in, all inside a simple and flexible data storage solution.

Leonovus VP Strategy and Solutions, Peter Hundal will lead a Thought Leadership discussion on Data Integrity: A Paradigm Shift

Leonovus will show how we uniquely, digitally shred customer data into thousands of fragments so hackers get nothing and with the blockchain hardened toolset from Leonovus, they are able to reconstitute their data with integrity 100% intact when they want to use it.

Takeaways include:

  1. The impact data integrity has on the enterprise brand.
  2. How data integrity provides you a stable platform from which to pivot from.
  3. The key components to ensuring data integrity across your organization.
  4. How Leonovus ensures data integrity while delivering security across a multi-cloud storage platform.

 

“Whether you are just starting or well on your way to a data-driven strategy, enterprises have to push aside the antiquated tools used for protecting data. Changing your approach to data integrity is the only way of ensuring your organization has the most flexible and simple approach to implementing a “zero-trust” data architecture. “, said Peter Hundal.

 

Learn how Leonovus encrypts, shreds, and spreads your precious data