Growing Team to Address Rapidly Expanding Sales Funnel in Government and Commercial Markets
AUSTIN, TX / ACCESSWIRE / September 20, 2018 / CipherLoc Corporation (OTCQB: CLOK), a leading provider of highly-secure data protection technology, today announced further expansion of its national sales team with the addition of internal and external sales positions over the past two months. The company now has the equivalent of 10 full-time professionals engaged in sales roles as it increases its customer facing presence in multiple end markets.
The recently added sales professionals are based in Washington D.C., Michigan, Texas and Arizona and will focus on the company's rapidly expanding government and military market opportunities. Additionally, these sales consultants will work to expand the number of certifications for the company's encryption solutions.
The company also hired internal sales consultants who, among other things, will perform account management functions for existing clients as they begin implementation of CipherLoc solutions.
In addition, the company has expanded its sales team focused on commercial applications of its polymorphic encryption technology, where CipherLoc is currently in discussions or evaluations with a number of prospective customers serving multiple end markets.
Said Dr. Milton Mattox, Vice President of Sales and Marketing at CipherLoc: "We are pleased to announce these additions to our sales team in support of a rapidly expanding sales funnel. This trend is driven by a fast growing population of IT security professionals who understand the need for quantum secure data encryption solutions. Data breaches are increasing in frequency, intensity and sophistication, rendering standards-based methods of encryption inadequate in many high value applications. CipherLoc's polymorphic encryption technologies directly address the weaknesses of traditional encryption in this new environment, while also providing significant performance advantages in critical areas such as latency and key strength."
About CipherLoc Corporation (OTCQB: CLOK)
CipherLoc Corporation is a data security solutions company whose vision is simple - Protect the World's Data. Our highly innovative solutions are based on our patented Polymorphic Cipher Engine, which is designed to enable an ironclad layer of protection to be added to existing products, services, or applications. We deliver solutions that are highly secure, synergistic, and scalable. In short, we keep information safe in today's highly dangerous world.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.
The information found in this Press Release does not and shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction based upon the information found in this Press Release.
Investor Contact:
Matt Kreps
Darrow Associates Investor Relations
214-597-8200
[email protected]
SOURCE: CipherLoc Corporation