OTTAWA, Sept. 13, 2018 /CNW/ - Leonovus Inc.,
("Leonovus" or the "Company") (TSXV: LTV) (OTC: LVNSF) announces a
new product offering - the Blockchain Evidence Locker. The
Company is taking customer orders for trials in Q4 2018 and expects
full deployment of this powerful solution in Q1 2019.
All law enforcement agencies, and related organizations, are
faced with massive growth for storing digital evidence. This
critical evidentiary information needs to remain true, tamperproof,
and with a verifiable chain of custody. Car cams, body cams, CCTV,
computers, and all forms of communication records, are driving this
growth. Leonovus has developed the Blockchain Evidence Locker to
address these needs.
The Blockchain Evidence Locker enables law enforcement
organizations to address their storage requirements with confidence
that their digital evidence remains available and
cryptographically-verifiable. Leonovus' patented algorithms
encrypt, shred and spreads 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 Blockchain Evidence Locker solution. The
advanced distributed architecture minimizes latency, optimizes
geo-availability, reduces remote backup costs and meets data
sovereignty requirements.
Police forces, prosecutors and the courts are required to
maintain a detailed chain of custody for all digital evidence. The
Leonovus Blockchain Evidence Locker records all evidence
submissions, supports access monitoring, reports on new evidence
submissions along with update and deletion events. The Blockchain
Evidence Locker is directly managed by the agency or police force
giving them complete control over the process.
This solution allows authorized third-party organizations to
access the evidence. Auditors can view and verify all digital
activity regarding the evidentiary assets. This includes
having a detailed audit of any changes to the information as well
as having absolute knowledge about who has submitted, accessed, or
updated the digital evidence.
"The Company has eight law enforcement and public safety
agencies in its sales pipeline and we expect most of these agencies
to start a paid trial product verification process. The Blockchain
Evidence Locker has utility beyond the law enforcement and legal
markets. Indeed, the GDPR regulations in Europe and the standard compliance
requirements of many corporations demand that corporate data be
managed much like an evidence locker," said Michael Gaffney, Chairman & CEO.
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 because 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.
