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AlphaCipher Appoints Mr. Steven Lutz VP – Security Technology

AlphaCipher Acquisition Corporation (d/b/a “Vadium”) today announced the appointment of Mr. Steven Lutz as Vice President – Security Technology. Steve brings more than 30 years of information security and technology expertise to Vadium.

“Steve has been at the forefront of securing digital information and assets for over 30 years. We are extremely excited by the knowledge and experience he will bring to our team, especially in product and service design, security assessments and customer design of highly tailored AlphaCipher-enabled solutions to solve their digital privacy, security and trust needs,” said Rod Nicholls, Vadium’s President and CEO.

Mr. Lutz said, “High-tech crime is an evolving threat that has increased in complexity recently. I am excited about joining Vadium as it provides a unique opportunity to create innovative security solutions addressing the increasingly challenging problem of information security.”

About Steven Lutz

Mr.Lutz brings over 30 years of experience in engineering, information systems and security to Vadium. He has been a leader in the financial services, aerospace and government sectors in providing state-of-the-art information security solutions. Prior to joining the Company he was founder and President of WaySecure Consulting, Inc., a boutique security consultancy. WaySecure provided information security consulting and assessments to a number of Fortune 500 companies globally. Before forming WaySecure, he was a Senior Manager in Ernst & Young's Information Systems Advisory and Assurance Services group. He has extensive program management experience and specializes in managing large complex engagements. Before Ernst & Young, he was in charge of Network and Distributed Systems Security at The Chase Manhattan Bank where he was responsible for global network security and advanced projects in high risk environments. Prior to Chase, he provided security expertise to the DoD and intelligence communities of the U.S. government. Steve holds a B.S. in Information Security from the State University of New York.

About AlphaCipher Acquisition Corporation

AlphaCipher Acquisition Corporation (D/B/A Vadium) is a development stage company that will be delivering trusted, easy to use and high value solutions to the digital security, privacy and trust problems caused daily by hackers, cyber-thieves and economic espionage artists that compromise computer networks and traditional digital security systems. The Company is a privately held firm headquartered in Seattle, Washington.

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