IronClad Encryption Corporation (the “company” or “IronClad”) (OTCQB: IRNC), a next-generation cyber defense company that secures digital assets and communications across a wide range of industries and technologies, announced today it has entered into an agreement with Charter Trading Corporation (Charter) enabling Charter to deploy IronClads ICEmicro to secure Charters cyber transmissions from its Texas headquarters to its operations in Latin America. This deployment of ICEmicro within Charters system is a critical part of Charters process to achieve compliance with the security controls in National Institute of Standards and Technology (NIST) Special Publication 800-171. Not only will it protect sensitive and proprietary information, but provide critical feedback on the ICEmicro software under real-world operating conditions. Under this agreement, Charter will pay IronClad on a monthly basis for the use of its software and associated technical support.
Cyber security is becoming a mandatory requirement for all DoD contractors, and IronClads unique cyber security products will not only meet these rigorous requirements, but add a level of protection to our system unmatched in the cyber security world, said William Comee, President of Charter Trading Company. More importantly, many of our overseas computers still utilize older processors and operating systems making it a challenge to install compatible cyber security packages. IronClads technology solves that problem as it is universally compatible with old and new machines alike.
Charter Trading provides technical support and skilled personnel for U.S. military operations throughout the world and various international corporations. Its employees provide command, control, communications, computer, intelligence, Information Technology (IT) and telecom support in the field, including combat zones. Over its 30 year history, Charter Trading has supported operations within the U.S., North America, Latin America, Eastern Europe, North America and the Pacific region. Since 1989, Charter Trading has worked as a subcontractor to various companies including Harris, L3 Technologies, Peraton, Dyncorp International, Loral Hughes Corporation, UltiSat, and AT&T. Its customers have included the 12th Airforce (12AF), AT&T, Cable & Wireless Communications, the Missile Defense Agency, the Defense Information Systems Agency (DISA), Exxon, Hondutel, Nokia Siemens, Sirius XM Satellite Radio, SOUTHCOM, and the U.S. Army South (USARSO).
This is a great opportunity for Charter to secure its international communications and for ICEmicro to be showcased as a premiere cyber security tool within the realm of the DoD, said JD McGraw, President and CEO of IronClad. This will be one of our most important deployments, one that will give us critical feedback regarding the performance of ICEmicro under real-world operating conditions. We strive to create and provide products in markets where there is strong demand and the potential for sustained revenue and profitability, and we have a significant technical advantage. Charters contracts within the DoD certainly meet those standards.
IronClad continues to pursue relationships with companies specializing in cloud storage, gateways, medical records, digital currency, physical access, and industrial control systems that either integrate ICE technology into client products, such as Charter, or those reselling ICE products directly through internal sales channels, such as Technologent and Layer3 Communications, Mr. McGraw added. Our agreement with Charter illustrates our commitment to the effectiveness, durability and value of our ICE products and how we continue to build critical mass in a variety of markets.
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About Charter Trading:
Charter Trading has supported warriors since 1987 and is a service-disabled veteran-owned, and certified small business. The company specializes in providing highly skilled teams to install, operate and maintain IT and communications assets used by U.S. military organizations engaged in counter-narcotics, counter-insurgency and disaster-relief operations in austere environments. It can rapidly and efficiently deploy uniquely skilled and highly motivated teams to provide C4I, C4S, IT and telecom support in a variety of OCONUS locations.
About IronClad Encryption Corporation:
Ironclad Encryption Corporation (OTCQB: IRNC) is an X-Generation cyber defense company that secures digital assets and communications across a wide range of industries and technologies. IronClad Encryption-powered solutions utilize our patented Dynamic Encryption and Perpetual Authentication technologies to make all known key-based encryption technologies virtually impossible to compromise. Dynamic Encryption Technology eliminates vulnerabilities caused by exposure of any single encryption key by continuously changing encryption keys and keeping the keys synchronized in a fault-tolerant manner. Perpetual Authentication Technology uses multiple virtual channels for encryption so that in the event one channel is compromised, the other channels maintain encryption integrity. Together, these technologies not only eliminate the single point of failure problem created by having keys exposed through brute force, side channel, or other types of attack, but do so with very low latency and system performance overhead. Developers, MSPs, MSSPs and IT organizations can now easily and effectively integrate ultra-secure authentication and encryption measures across essentially all mediums. This includes the latest processors and operating systems, legacy hardware and software, within or between networks and on compartmentalized data or entire databases. At rest or in-motion, IronClad Encryption ensures data remains safe, secure and uncompromised.
Visit IronClad Encryption at www.IronCladencryption.com
This press release may contain forward-looking statements that involve substantial risks and uncertainties. The information included in this release should not be used for investment purposes because statements of intent or projections of financial performance are based on assumptions that can change. In addition, events or circumstances may arise that we can neither anticipate or control. Therefore, any statements of intent or predictions of financial performance are valid only on the date of this press release. We undertake no obligation to update or revise publicly any forward-looking statements, except as required by law.