Identillect Technologies Corp. (TSXV: ID) (OTCQB: IDTLF) operates as a developer of premier email security technologies. Shares of the email security company soared 60%, during trading on Wednesday, November 7, 2018. Over the past three months, Identillect Technologies Corp. has seen average daily volume of 110,449 shares. However, volume of 2.72 million shares or dollar volume of C$326,400, exchanged hands during trading on Wednesday.
Shares of Identillect Technologies Corp. rallied on Wednesday, after the company announced that the Department of Public Health and Social Services of Guam has selected the company’s Delivery Trust service to secure its email services. The Delivery Trust email security technology is designed to help protect against hacking and cyber attacks. Here is the full press release detailing of the announcement from Guam:
Identillect Technologies Corp. Press Release:
IRVINE, Calif., Nov. 07, 2018 (GLOBE NEWSWIRE) — Identillect Technologies Corp. (the “Company” or “Identillect”) (TSX-V:ID) (OTCQB:IDTLF) (Frankfurt:8ID), a trusted leading provider of email security, announced today the Department of Public Health and Social Services (DPHSS) of Guam has selected Delivery Trust® to secure the email communications for their sensitive communication.
DPHSS serves a vital role in the prevention and control of the spread of diseases for the public in Guam through surveillance, disease reporting and investigation in collaboration with health care providers and key responders for a healthier island community. They have a long-standing record of taking a progressive role to protecting the people of Guam, they are taking similar measures when it comes to cyber-security.
Josephine O’Mallan, BCDC Administrator for DPHSS states, “At DPHSS we have a commitment to prevent the spread of disease throughout Guam. There is a lot of information we communicate which is sensitive and confidential, therefore, the security and protection of the information is very important to us. We are pleased to deploy Delivery Trust for an additional layer of security for our internal and external communications.”
As the growing threat of cyber-attacks fuels the growth of the cyber security industry, the email encryption market will grow as well, estimated to be worth more than $4.21 Billion USD by 2020. Email-borne cyber-attacks are the second most common type of cyber security breach according to the Identity Theft Center with the average cost of a data breach now estimated at more than $3.62 million.
Todd Sexton, CEO of Identillect Technologies comments, “We have recently seen governmental agencies expanding their security measures as the increase of cyber-attacks continues to grow. We are pleased to be providing expanded security measures for DPHSS, allowing them focus on the incredibly important work they do and not to have to worry about cyber-security.”
About Identillect
Identillect Technologies is the leading provider of email encryption service Delivery Trust®, empowering enterprises of all sizes to protect their business and their client’s critical information against cyber security attacks.
Delivery Trust® is an award -winning, multi-platform plug-in, which gives users complete control of their emails, for one low price. One simple integration complies with all regulations and most importantly provides peace of mind.
For more information, or your free trial, please visit www.identillect.com
About Department of Public Health and Social Services (DPHSS)
DPHSS provides a vital role to prevent, respond and control the spread of diseases of public health concern in Guam through surveillance, disease reporting and investigation in collaboration with health care providers and key responders for a healthier island community.
For more information, please visit http://www.dphss.guam.gov
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.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
