|By Marketwired .||
|June 27, 2014 05:00 AM EDT||
BOULDER, COLORADO -- (Marketwired) -- 06/27/14 -- Ecrypt Technologies (OTCQB:ECRY) announced today that the Company has finalized a strategic marketing agreement with Genesys Technologies through an exclusive US arrangement whereby Ecrypt will promote, sell and distribute all of Genesys's disruptive and enabling wireless hi-tech communications and anti-hacking products and capabilities.
Dr. Thomas A. Cellucci, Ecrypt's CEO commented: "We are truly excited to enter this welcomed business relationship with Genesys, who possesses disruptive and enabling security capabilities ideal for military and security applications".
Mr. Victor Shtatnov, Founder and CEO of Genesys Technologies stated, "Our team here at Genesys is proud to be partnering with Ecrypt. Our combined capabilities enable more users across the government and commercial markets to gain insight into the unique benefits of our robust and field-tested secure navigation and rugged communication systems."
For more information about Genesys Technologies' capabilities and offerings, visit: http://genesys.1contract.com/
About Genesys Technologies
Genesys Technologies, LTD. is a world leader in innovative, navigation and communication technology intended for use in military, security and other specialized applications. Genesys is engaged in the business of software and hardware development of hi-tech wireless communication devices for navigation and the mitigation of vulnerability to spoofing and jamming of devices and unmanned aerial systems.
About Ecrypt Technologies
Ecrypt Technologies, Inc. is at the forefront of data security, specializing in military-strength information security solutions for enterprise, government and military. Ecrypt empowers organizations with the freedom to communicate and collaborate without risk of liability, reputation damage, competitive threat and other negative outcomes. Ecrypt is the trusted first choice for those looking to keep their communications confidential.
For more information, visit http://ecryptinc.com
Safe Harbor Statement
This press release contains certain "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. The economic, competitive, governmental, technological and other factors identified in the Company's previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
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