HIDDN – TACTILIS update
Reference is made to the earlier announced Letter of Intent (LOI) between Hiddn Solutions ASA (Hiddn) and Tactilis Pte Limited (Tactilis).
Due to an earlier agreement that Tactilis had entered into before the announced LOI with Hiddn, Tactilis also had engaged into a process to merge their Malaysian daughter company with Global Invacom Group, a Singapore based listed company and through this merger, obtain listing on the Singapore Stock Exchange.
Hiddn has been informed that the Tactilis process to merger their Malaysian daughter company with Global Invacom Group, has been mutually terminated by the parties. Please refer to the following announcement:
For further information, please contact:
Carl Espen Wollebekk, CEO, telephone: + 47 930 55 505 /e-mail: firstname.lastname@example.org
About Hiddn Solutions ASA
Hiddn Solutions ASA is listed on the Oslo Stock Exchange under the ticker HIDDN. The company is offering impenetrable proprietary hardware-based authentication and encryption products with a superior level of security as well as a wider product suite addressing all market segments looking for solutions to ensure that sensitive information stays confidential and unavailable to unauthorised access. Based on Hiddn's unrivalled and proven position in the high-end encryption market, Hiddn is implementing a strategy of adapting the proprietary technology to the high-volume markets to take advantage of the growing global security challenges and the arising regulatory requirements. Hiddn has established a product offering that addresses all market segments from the high-end security clients to the retail market, and established partnerships with some of the most important sales and distribution partners in Europe. Hiddn sees significant growth opportunities and rising demand from customers and is well on its way to solidify its leading position in the growing market for secure data storage.
For more information, please visit: www.hiddn.no