Sales update - Leonovus signs global health care data services Company

OTTAWA, Nov. 3, 2017 /CNW/ - Leonovus Inc. ("Leonovus") (TSXV: LTV) announces that it has signed another proof of concept agreement. Leonovus will install its unique blockchain-hardened software ('Leonovus 3.0') and provide consulting services for a global health data services Company.

This project will help the end user IT team deliver an improved user experience to the 20,000 Citrix users. The challenge is that data may reside in different geographical business zones. As such a business user who lives in the North American Zone may have to log in and pull a file back from the European Zone. Due to inter-continental latencies, pulling in data from another geographic zone provides the end user with a poor experience, causing frustration from the employee and potential delays in delivering reports to clients.

Using Leonovus 3.0, there is the inherent flexibility of data movement, decoupling of data from the infrastructure and the potential to federate encrypted shreds of an object file into separate zones. This is a unique opportunity to seamlessly improve end-user experience, data security, data compliance and data sovereignty across all geographic regions.  

"Around the world healthcare stakeholders are working to improve real-world patient outcomes through treatment innovations, care provision and access to healthcare. For information, technology and service solutions they need to drive new insights and approaches. With our Leonovus 3.0 data security and compliance software, we will help improve clinical, scientific and commercial results. Our goal is to help our customer realize the full potential of their healthcare innovations along with significant ROI," said Michael Gaffney, Chair, and CEO.

About Leonovus
Leonovus is a software solutions provider that offers the leading blockchain hardened software-defined object storage solution (SDOSS) and governance, risk management and compliance ('GRC') solution for the modern enterprise. Designed with the IT manager in mind, Leonovus' patented algorithms virtualize, transform, slice and disperse data across a network of on-premises, hybrid or multi-cloud storage nodes – allowing for the most secure yet internally accessible form of object-based data storage that provides governance, risk-management, and compliance across the entire solution. The advanced geo-distributed architecture minimizes latency, optimizes geo-availability, reduces remote backup costs and meets data sovereignty requirements. With its software and hardware agnostic design, Leonovus provides Petabyte scalability and allows the enterprise to utilize its existing idle storage resources, extend the useable lifespan of depreciated resources and improve the enterprise's overall ROI. To learn more, please visit www.leonovus.com.

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 its most recent audited consolidated financial statements, are available at 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.

SOURCE LeoNovus Inc.

First Canadian Capital Corp., George Aizpurua, Tel: [phone], [email protected]

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www.leonovus.com