Galaxa will be the first cloud XaaS distributed storage and
compute marketplace designed to address the unique requirements of
enterprise customers, public and private, based on a proprietary
blockchain powered by the cryptocurrency GAAX.
OTTAWA, Nov. 1, 2018 /CNW/ - Leonovus Inc.,
("Leonovus" or the "Company") (TSXV: LTV) (OTC: LVNSF) previous
announced that it would release its whitepaper by the end of
October 2018. Leonovus is part of the
Ontario contingent to the Team
Canada trade mission at the November
12-16 Singapore Fintech Festival. Leonovus will take
advantage of the large numbers of fintech and blockchain experts
congregated at the Singapore Fintech Festival to hold a news
conference regarding the Galaxa project including the unveiling of
the Galaxa whitepaper and website.
About Leonovus
Leonovus is a cloud solutions software developer of a blockchain
enabled software-defined object storage solution. Designed with the
IT manager in mind, Leonovus' patented algorithms encrypts, shreds
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 and compliance (GRC )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 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.