Leonovus announces customer sale and four new trials
Ottawa, Canada March 23, 2018 – Leonovus Inc. (“Leonovus”) (TSXV: LTV) announces that a proof of concept (“POC”) customer has purchased Leonovus 3.0, deploying it in their production environment. With its intrinsic security, Leonovus reduces their onboarding time of external customers from months to days, accelerating their time to revenue while enhancing their data security and improving their storage efficiencies by optimizing hybrid, multi-cloud storage architectures.
Leonovus is also pleased to announce four new proof of concept pilots with customers in Canada and the USA. Each of these trials is active, full customer engagement, with four different law enforcement and public safety customers.
“Converting our POC installations into production is a critical validation step for the company. We continue to progress on converting all our outstanding POCs into production deployments. The law enforcement market is an enormous opportunity for Leonovus. Data security with a chain of evidence capability is critical in this market. When combined with the massive storage needs, with the growth of all digital evidence, example car and body cams, this market is perfect for the Leonovus blockchain hardened software-defined object storage solution”, said Michael Gaffney, Chair, and CEO.
Leonovus is a software solutions provider that offers the leading blockchain hardened software-defined object storage solution (SDOSS) and governance, risk management and compliance (‘GRC’) solution 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 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. 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.
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 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.
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