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BPS Initiates Coverage On Ecrypt Technologies Inc (OTCBB:ECRY)

On 30thOctober’14, BrilliantPennyStocks.com initiated coverage on ECRY. The stock moved up by 40.48% till now since the coverage was initiated.

Ecrypt Technologies Inc (OTCBB:ECRY)’s stock ended the session with 9.50% gains from its previous close. More than 98,500 shares changed hands, which compares with its 30-day average trading volume of 30,966 shares. The stock is still trading about 25% below as compared to its price three months ago.

Recent gains in Ecrypt’s stock prices could be attributed to announcements related to launch of new data privacy products and a multi-year contract for its Ecrypt One flagship product.

Product Launch

Ecrypt Technologies and its marketing alliance partner Cicada Security Technology Inc. recently announced the launch of Cicada II, which will expand the Cicada line of data privacy products. Cicada II will include coverage of Bluetooth-enabled smartphone and table devices, extending the scope of the Cicada protective model.

Cicada data privacy products are specifically designed to overcome the limitations of encryption, authentication and end-point security technologies. The latest addition to its products line include the mobile workforce and continually monitors authenticated phones and tabletsto capture tamper or theft attempts. In such an instance, if effectively safeguards access to stored or network accessible data and essential system resources.

Ecrypt and Cicada’s significant experience in providing secure network solutions help government and private organizations safeguard their communications against targeted attack and risk attributed to human error.

Dr. Thomas A. Cellucci, CEO of Ecrypt Technologies Inc (OTCBB:ECRY), said that the company’s alliances with innovators enables it to deliver secure email platform solutions. The company offers market driven solutions which address the complex security challenges of recent times.

Multi-Year Contract

Ecrypt recently signed a five-year contract with an international developer and manufacturer of innovative protective materials for its Ecrypt One, which is a security first email server. The product essentially addresses the sophisticated needs of security-conscious organizations. The agreement underscores Ecrypt recent initiatives to fast-track time-to-market.

Dr. Cellucci said that the contract is just a beginning as the need for our solutions are growing in current times. Besides compliance and threat protection, organizations are seeking ways to get edge against their competitors while protecting vital resources. This underscores the real need for Ecrypt’s products.

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