Innovative Technology to be Used to Protect Highly Sensitive Data
AUSTIN, TX / ACCESSWIRE / August 15, 2017 / CipherLoc Corporation (OTCQB: CLOK), a leading provider of highly secure data
protection technology, today announced the signing of an agreement with Essential Fund Services International (''EFSI''). This
agreement encompasses the entire portfolio of the company's products for both data-in-motion (EDGE, ENTERPRISE, GATEWAY) and
data-at-rest (SHIELD). These products will be used by EFSI on a variety of different desktop, server, mobile, and database
platforms to protect highly sensitive data.
EFSI (www.essentialfundadmin.com) is an independently owned, SOC I regulated, full service fund administration firm providing
clients with a comprehensive suite of fund administration services. Based in New York City, it provides accounting, reporting and
administrative services to the private investment community, including hedge funds, funds of funds, private equity funds, family
offices, and separately managed accounts. EFSI, along with its affiliated partner Essential Fund Services, LLC (''EFS'')
administers approximately $4 billion of client assets across over 90 reporting entities. Due to the highly sensitive nature of the
information it handles, the protection of data is of paramount importance.
''We are pleased to be working with EFSI as we continue our mission of working to protect the world's data'' said Mike Salas,
Vice President of Marketing and Sales of CipherLoc. ''In today's world where it's not a question of 'if' a company will get
breached but rather 'when,' the use of our technology to safeguard data can act as a final layer of defense. The highly sensitive
data that EFSI deals with, and nature of the financial fiduciary it maintains to its clients presents EFSI as the perfect example
of the types commercial financial fiduciary, and client type for which our portfolio of products is designed to protect.''
Eric Jacobs, managing member of EFSI, explained, ''As part of our commitment to provide the most advanced, state-of-the-art
solutions to our clients, we are providing next generation encryption technology to secure information from not only current
cyber-attacks, but from the new methods of cyber-theft we find ourselves anticipating through quantum computing and other cyber
threats to our financial system for which current AES encryption has proven impotent.''
Deployment of the CipherLoc portfolio of products will commence in the third quarter of 2017 and will conclude in the fourth
quarter of this year.
About CipherLoc Corporation (OTCQB: CLOK)
CipherLoc Corporation is a data security solutions company whose vision is simple - Protect the World's Data. Our highly
innovative solutions are based on our patented Polymorphic Cipher Engine which is designed to take existing encryption algorithms
and makes them better, faster, stronger, and massively scalable. We deliver easy-to-deploy software solutions that can be added to
any existing product, service, or application. In short, we keep information safe in today's highly dangerous world. For further
information, please go to www.cipherloc.net.
Safe Harbor
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they
are based on current expectations and assumptions concerning future events or future performance of the company. Readers are
cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date
hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in
this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results
to differ materially from those indicated in the forward-looking statements.
Media Contact
Mike Salas msalas@cipherloc.net
SOURCE: CipherLoc Corporation
