HIDDN SOLUTIONS ASA - Quarterly Report - Q3 2017
Enclosed please find Hiddn Solutions ASA’s report and presentation for the third quarter of 2017.
Highlights from Q3 and subsequent events:
- Following technical approval, Hiddn started commercial negotiations with a significant global player involving a possible OEM agreement for Hiddn’s encrypted disk solutions.
- Successfully raised NOK 15 million in gross proceeds in a Private Placement in order to position the Company as a credible counterparty, strengthening the balance sheet, finance working capital and for general corporate purposes.
- Continued to pursue the reinforced strategy targeting the large and growing enterprise and corporate market.
- Started production of the first series of the KryptoDisk after successful final testing by NEMKO.
Hiddn continues to make significant investments in R&D, and is accelerating product development and preparing for commercial growth opportunities. The focus going forward is to capitalise on the significant investments made to date, and embark on a full commercial scaling to take advantage of the current technology and cybersecurity trend in the market place, where the complexity cybersecurity situation is pushing the companies towards encrypted data exchange.
For further information, please contact:
Carl Espen Wollebekk (CEO), telephone: + 47 930 55 505 /e-mail: firstname.lastname@example.org
Oslo, 30 November 2017
Hiddn Solutions ASA
About Hiddn Solutions ASA
Hiddn Solutions ASA is a public limited company situated in Oslo, Norway, listed on the Oslo Stock Exchange under the ticker HIDDN. Hiddn is supplying impenetrable proprietary hardware-based authentication and encryption products to military, governmental, institutional, and corporate clients with further potential to scale into the retail market by building on and benefiting from the experience and competence of the management and employees in Hiddn. The Group is also supplying secure cabinets and physical filing systems.
For more information, please visit www.hiddnsolutions.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.