Shares of
Ecrypt Technologies set a new 52-week high of $0.39 in today’s morning session,
continuing their ascent and soaring more than $141% on monster volume in
mid-day trade. The trading activity follows significant recent company news and
parallels its upward trajectory in the cyber security market, which is expected
to top $155 billion by 2019, according to research firm MarketsAndMarkets.
Ecrypt and
marketing partner Cicada Security Technology (CST) earlier this week announced
the addition of Cicada II to the Cicada line of data privacy technologies. The
value of this news lays in the primary difference between the Cicada platform
and traditional technologies: Cicada is the only commercially available
technology that goes beyond logical security by detecting and safeguarding
against risks caused by computer theft or tampering.
The core
of the Cicada protection platform is the Cicada USB device which hosts an
internal dedicated management processor to monitor and analyze trigger data –
once triggered, the technology’s alarm provides an audible alert to anyone in
the immediate area of the incident and interrupts access to system resources,
active sessions and stored, cloud or network accessible data. Cicada II further
extends this impressive capability to include coverage of Bluetooth-enabled
smartphones and tablets in addition to computers.
So how
does Ecrypt benefit? As an exclusive worldwide seller and distributor of Cicada
Security Technology products, the extended Cicada line ensures that data secured
by Ecrypt is protected against exposure at both the physical and logical
levels, bolstering the Ecrypt platform.
Ecrypt’s
market strategy is to deliver a secure email platform, Ecrypt One, which
integrates with the technology of industry innovators such as Cicada Security
Technology to meet the complex security challenges of today’s digital world.
Ecrypt
remains at the forefront of data security, specializing in military-strength
information security solutions for enterprise, government and military. The
partnership with Cicada Security Technology is among several collaborations
into which Ecrypt has entered as part of its strategic marketing alliance
program to advance its business operations and market penetration.
As of 2:52
ET, shares of Ecrypt are up 147% at $0.32, moving on volume of 26.9 million
compared to three-month average volume of 23,000.
For more
information, visit www.ecryptinc.com
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