OTTAWA, Oct. 4, 2017 /CNW/ - Leonovus Inc. (TSXV: LTV) (the "Company"), a developer of ultra-secure enterprise-grade distributed storage technologies, is pleased to announce that it has a signed a product development agreement with DLT Labs (dltlabs.io) to accelerate the engineering of the blockchain components of the Leonovus software-defined storage solution.
DLT Labs is a global leader in implementing permissioned and non-permissioned blockchain solutions for enterprises. The company's leading group of architects, using proprietary DNC Cluster Framework and Parent & Child Smart Contract Architecture, design and deploy distributed enterprise applications with high scalability, security and throughput. With the world's premier team of distributed application designers and integrators, DLT Labs has extensive enterprise experience and expertise with all distributed ledger/blockchain technologies including Enterprise Ethereum, IBM's Fabric, R3's Corda, JP Morgan's Quorum, and other leading enterprise platforms.
"DLT Labs is delighted to partner with the exceptional technology team at Leonovus in its exciting blockchain development initiative." said Loudon Owen, Chairman & CEO of DLT Labs.
"As one of the most experienced teams of blockchain architects and designers in the world, DLT Labs firmly believes that Leonovus is continuing to demonstrate market leadership by embracing the enormous advantages of a blockchain-centric enterprise solution," said Owen.
"DLT Labs will help Leonovus accelerate our introduction to the market of the world's most secure, enterprise grade, Software Defined Storage ("SDS") solution. Our unique use of blockchain technology builds on the obfuscation, encryption, deconstruction, and geo-distribution of the data in the current Leonovus 3.0 architecture. Onsite customer implementations of our blockchain enable SDS solution should begin by the end of 2017," said Michael Gaffney, Chairman and CEO.
"We believe that with the addition of the blockchain to our core technology Leonovus will have the leading ultra-secure SDS solution for the enterprise market," said Gaffney
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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 their most recent audited consolidated financial statements, are available at www.sedar.com.
SOURCE LeoNovus Inc.
For further information: George Aizpurua, 647-500-2389