VANCOUVER, BC, June 22, 2015 /PRNewswire/ - Deploy Technologies Inc. (CSE: DEP, US OTC: DPLY) ("Deploy" or the "Company") is pleased to announce, effective immediately, the Company will establish an online security division, "Deploy Security," which will be developing a proprietary hardware/software solution to combat all levels of online threats.
The company believes that in the wake of the rash of security breaches worldwide, the market for a next-generation security platform is tremendous. The Company will continue to market its patented fleet Data Management and Weigh System technologies.
"Deploy is about evolving technology," commented CEO David Eppert, "and this is certainly the right time to enter the market. It is noteworthy that Raytheon, primarily know as a defense contractor to the US government, has been systematically buying up cyber security companies since 2007. Raytheon recently announced they will invest $1.57 billion to develop and market their platforms after most recently agreeing to acquire Websense for $1.9 Billion, evidencing the bullishness of the security sector."
Mr. Eppert, who in 2001 founded Think Security, a company that pioneered 'person present' authentication without the use of a hardware device: "This is indeed an exciting new direction for Deploy, one that the board believes will translate into increased shareholder value."
ABOUT DEPLOY TECHNOLOGIES INC.
Deploy Technologies Inc. develops leading edge technologies with the vision of future market needs. To date it has developed a comprehensive suite of products focused on Fleet Data Management & Weigh Systems solutions designed for the industrial transportation market.
Company reporting information can be found on the Company's website (www.deploy.ca), CSE (www.thecse.com) and SEDAR (www.sedar.com), as well as on OTC Markets (www.otcmarkets.com).
FORWARD LOOKING STATEMENTS
The statements contained above which are not historical are forward-looking statements that are subject to risk and uncertainties that could cause actual results to differ materially from those expressed, including but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other.
SOURCE Deploy Technologies Inc.