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Oculus VisionTech Inc V.OVT

Alternate Symbol(s):  OVTZ

Oculus VisionTech Inc. is a development-stage technology company focused on cybersecurity, data privacy and data protection solutions for Enterprise business customers. Its Forget-Me-Yes data privacy product is a Software-as-a-Service (SaaS) platform developed to specifically address the global Right-to-be-Forgotten (RtbF) and Right-of-Erase (RoE) data subject deletion request legal compliance components. Its ComplyTrust Software-as-a-Service Suite (CTSS) helps to automate and visualize cloud compliance reporting across accounts, regions and services based on a variety of user-definable and data-driven metrics. Its Cloud Document Protection System (Cloud-DPS) technology leverages its digital watermarking technology, enabling it to offer a SaaS-based document management platform for tamper-proof document authentication and protection. It uses digital watermarking technology for streaming video content distribution based on embedded digital watermarking and video-on-demand systems.


TSXV:OVT - Post by User

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Post by wiseinvestor2on Feb 17, 2016 4:57pm
207 Views
Post# 24568023

Oculus begins alpha testing of photo DPS product

Oculus begins alpha testing of photo DPS product

 

Oculus begins alpha testing of photo DPS product

 

2016-02-17 08:16 ET - News Release

 

Mr. Tom Perovic reports

OCULUS ANNOUNCES ALPHA TESTING OF DPS PRODUCT FOR PHOTOS AND PICTURES

Subsequent to the successful completion of alpha testing of Oculus VisionTech Inc.'s cloud-based document protection system technology and the commencement of field trials of the document protection features of the company's cloud-DPS technology (see news release of Feb. 9, 2016), the company is in the process of implementing its proprietary watermarking technology to its new photo DPS product that will offer on-line, cloud-based security for documents in general, and that can be optimized for digital photographs in particular, and which is invariant to document/photo file format (and subsequently to today's image/video CODECs). The company has begun alpha testing of a photo DPS product that will offer on-line, cloud-based digital image and photo security for documents with the .jpeg format.

The technology underlying the photo DPS product is on proprietary scanning technology that allows a digital picture to be scanned with an "image understanding" algorithm that identifies and extracts prominent image features. The company's proprietary DPS technology is based on protecting documents with an advanced, forensic-grade, invisible watermarking algorithm and then comparing the original protected document with a returned document. If a document has been tampered with, the DPS document authentication feature will highlight the tampered locations in the document.

The primary initial goal of the alpha testing of the photo DPS product will be to evaluate and confirm the digital photograph/picture authentication process, as well as the product's ability to preserve the robustness and resilience of returned information, while minimizing false positives. Assuming successful alpha testing validation, the company expects to release a beta commercial version of the photo DPS system and to begin nationwide product field testing in the United States, at end of second quarter during the second quarter of 2016.

Tom Perovic, a director of the company, who is overseeing the testing and launch of the company's cloud-DPS technology, stated, "The offering of an on-line photo/picture DPS product will allow Oculus to open another vertical market, the social media market, which we expect will be another revenue-generating product for Oculus."

About the Oculus cloud-DPS technology

The Oculus cloud-DPS is an Internet-centric, cloud-based Web service for document tamper-proof protection and authentication. The first step is taking a document in digital form and protecting each page with an advanced, forensic-grade, invisible watermarking algorithm, and returning an image-based protected PDF document. The document is also encrypted to provide access control security. In the second step, the Oculus cloud-DPS document authentication feature takes in the protected PDF document and returns authentication results. If the document was tampered with, the returned pages will highlight the tampered locations. Cloud-DPS technology is intended to protect high-value, sealed documents against any malicious tampering or forgery. Vertical target markets for high-value documents have been identified as personal, real estate and corporate legal contracts, personal last wills, medical records, law enforcement records or financial institutions, and government issued documents.

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