Dark Core Technology delivers Higher-Level Redundancy, Disaster Recovery, and Business Continuity from Geo-Dispersed Cloud Services at a Significantly Lower Cost Structure
SUNNYVALE, Calif., May 22, 2013 /CNW/ - LeoNovus™, Inc. ("LeoNovus" or the "Company") (TSXV: LTV), a leading Internet technology developer with its multi-dimensional SMART Media™ Software Platform and SMART Networks™ announced today that it has completed a third-party security audit as well as other milestones, to officially move its Dark Core technology-enabled distributed data centre to LTV Gateway devices currently deployed in Stratford, Ontario (Canada) and in Ottawa-and-California-based office buildings for commercial use. This validation certifies that LeoNovus is offering "best of class" security for meeting banking-level standards when supporting customer data for cloud services at the edges.
The LeoNovus Software Platform delivers full Internet access to provide unique, cost-effective solutions via a multiplicity of connected devices, enabling multi-source revenue streams for services and applications in the entertainment, home management, hospitality and healthcare market segments. LeoNovus has extensively tested and now meets third-party security requirements that its proprietary disruptive multi-core technology is commercially viable. This technology allows for full and efficient utilization of idle processors or "Dark Cores™" within and across hardware systems for purposes of delivering fast, secure, and cost-effective cloud services at the edges. Initial customers in California and Canada will first utilize storage, followed by taking advantage of the LeoNovus compute capabilities for smart analytics of their data.
"LeoNovus offers increased security and disaster recovery across geo-dispersed end-nodes with high-level redundancy and a default setting at 70% device failure before experiencing any impact," said Dan Willis, Chief Architect of LeoNovus. "This approach has a high-level of reliability and unlike traditional data centres that can be completely knocked out by storms or other unpredictable disasters, this will have immediate recovery due to redundancy across a broader physical area. Furthermore, our approach breaks files into small atomic elements that are encrypted and deployed across a physically dispersed network with no single device ever having the entire file."
"We're living in a world where data is doubling every two years, and consumers and organizations will create and replicate 1.8 trillion gigabytes of data (1.8 zettabytes) this year alone. Extrapolate these numbers over the next several years and you have unimaginable amounts of data that need managing," stated Gordon Campbell, Chairman and CEO of LeoNovus. "The LeoNovus SMART Media software and "Dark Core" technologies present a game changer that impacts multiple markets using vast amounts of data. Consumers and companies now have a means to harness the processing power within their environments to efficiently and cost-effectively manage data and create personal or proprietary networks without the high cost of power, cooling and real estate."
Investor Update Call Scheduled May 28, 2013
Gordon Campbell, CEO of LeoNovus will be hosting an Investor update conference call to be held Tuesday, May 28, 2013 at 4:30 EDT and 1:30 PDT to discuss corporate, market and product activities. The call will be approximately 30 minutes in length and Mr. Campbell will take questions as time allows.
Dial in numbers are provided by region and are as follows.
Calgary: (403) 770-9014
Ottawa: (613) 686-4361
Toronto: (416) 800-4317
Vancouver: (778) 786-8222
Sunnyvale, CA: (408) 889-4375
Conference Code (access code for participants): 3237946
About LeoNovus Inc. (www.LeoNovus.com)
LeoNovus is a leading Internet technology developer of a high performance browser-based SMART MEDIA™ Software platform with a managed system that provides connected devices with access to all the features, content, and functionality available on the Web without the malware, security and support issues of a PC. LeoNovus seeks to change the way high-value Internet content is organized, monetized, and delivered to end users.
LeoNovus adds its proprietary break-through "dark core" technology, enabling the ability to utilize idle processors for purposes of building Intelligent Networks and cloud services at the edges to reduce energy and real-estate costs, increase performance, and deliver additional revenue streams via distributed networks.
LeoNovus shares have traded on the TSX Venture Exchange since June 10, 2009. Further information about LeoNovus can be found in its filings with Canadian securities regulators, which filings are available at http://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.
Certain information included in this press release is forward-looking and 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. Forward-looking statements included or incorporated by reference in this press release include statements with respect to proposed terms of, and the intended use of proceeds of, the Offering. There can be no assurance 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 are cautioned not to place undue reliance on any statements of forward-looking information that speak only as of the date of this release. More detailed information about potential factors that could affect LeoNovus' financial and business results is included in public documents LeoNovus files from time to time with Canadian securities regulatory authorities and which are available at www.sedar.com.
All trademarks, registered trademarks and brands mentioned in this release are the property of their respective owners.
SOURCE: LeoNovus Inc.
For further information:
T: (408) 541-9400, F: (408) 541-9410, IR@LeoNovus.com, Gordon Campbell, Chief Executive Officer