Leonovus Inc. Announces 12 months End 2020 Money Benefits and Enterprise Update
OTTAWA, April 30, 2021 (Globe NEWSWIRE) — Leonovus Inc. (“Leonovus”) (TSXV: LTV) announces the filing of its audited Monetary Statements and Management Discussion and Investigation (“MD&A”) for the 12 months finished December 31, 2020. A complete dialogue of Leonovus’ fiscal position and effects of functions is provided in the MD&A is available on SEDAR at www.sedar.com.
“The federal authorities (“FedGov”) has been our most important product sales concentrate over the past 18 months with 2020 revenues from the Departments of Justice (“Justice”) and Nationwide Defence (“Defence”). Whilst we proceed to concentration on Justice and Defence for new 2021 revenues, new FedGov alternatives are coming to our awareness. In excess of the earlier couple months we determined, and count on to contract with, quite a few FedGov method integrators (“SIs”) and value-included resellers (“VARs) with skills in details technologies and cybersecurity. These Sis and VARs currently have the stability clearances and income relationships with the FedGov,” said Michael Gaffney, Chair and CEO.
“Regardless of our two-12 months focus on the general public sector, term of mouth about our new technology has presently stirred up fascination in the non-public sector. A sizeable portion of the proceeds from the funding will be directed to non-public sector revenue and advertising and marketing initiatives. Finally, we are excited about our new XVault solution as each the community and personal sectors show curiosity,” said Gaffney.
About Leonovus
Leonovus is a program provider that delivers storage answers that untether your details, making it possible for you to embrace cloud storage securely, basically and value-correctly when giving you the adaptability to deal with the at any time-evolving cloud storage landscape.
Leonovus Wise Filer is an info lifecycle management (ILM) resolution that analyzes current file storage and extends its capacity routinely and transparently. According to purchaser-defined insurance policies, sometimes accessed documents are routinely removed from high-charge, higher-functionality principal storage, and positioned in secondary or cloud storage, without having any adjustments to how end users and purposes obtain them.
Made with the IT manager in head, Leonovus Vault uses patented algorithms to assess, classify, encrypt, shred and distribute data across a community of on-premises, hybrid or multi-cloud storage nodes – permitting for the most protected nevertheless internally available form of object-centered information storage across the total solution. The innovative geo-dispersed architecture minimizes latency, optimizes geo-availability, reduces distant backup expenditures and satisfies facts sovereignty demands. With its software program and hardware agnostic design and style, Vault supplies petabyte scalability. It lets the company to use its present idle storage resources, lengthen the useable lifespan of depreciated resources and enhance the enterprise’s over-all ROI.
To master much more, remember to take a look at www.leonovus.com.
This press release might consist of forward-hunting statements and info, which may possibly contain threats and uncertainties. The results or occasions predicted in these statements may well differ materially from real final results or activities. Things that may well trigger a big difference involve, but are not limited to, competitive developments, hazards connected with Leonovus’ growth, the point out of the money markets, regulatory pitfalls and other factors. There can be no assurance or ensures that any statements of ahead-on the lookout information and facts contained in this release will prove to be accurate. Actual success and potential gatherings could vary materially from people anticipated in this sort of statements. These and all subsequent composed and oral statements made up of ahead-searching data are based on the estimates and views of management on the dates they are made and expressly qualified in their entirety by this see. Unless or else required by relevant securities regulations, Leonovus disclaims any intention or obligation to update or revise any forward-wanting statements, irrespective of whether as a result of new information and facts, potential activities or normally. Readers need to not place undue reliance on any statements of ahead-wanting facts that communicate only as of the day of this launch. Further data on Leonovus’ community filings, such as its most modern audited consolidated financial statements, are accessible at www.sedar.com.
Neither TSX Undertaking Exchange nor its Regulation Expert services Supplier (as that phrase is defined in procedures of the TSX Venture Trade) accepts accountability for the adequacy or accuracy of this release.
For Far more Facts, make sure you make contact with:
George Pretli
Main Economical Officer
[email protected]