CLOK - CLOK STOCK NEWS

Castle Shield Holdings, LLC, has launched Typhos, a Secure Mobile Messenger app featuring end-to-end encryption and Push-To-Chat capabilities. Developed with Cipherloc Corporation's Polymorphic Encryption Core (OTCQB:CLOK), Typhos is the only FIPS 140-2 certified messaging app for mobile devices. Upcoming version 3.0 will support encrypted voice and video calls. Typhos prioritizes user privacy, ensuring data is never monetized, and boasts features like self-destructing messages, anonymous user logins, and secure group messaging. The app is available on the Apple Store and Google Play.

Cipherloc Corporation (CLOK) has provided a business update reflecting significant progress in the first quarter of 2021. The company has drastically reduced operating expenses and settled litigation, returning over 14.5 million shares to its treasury. Cipherloc is now capitalizing on the growing demand for quantum-resistant encryption solutions, expected to reach $9.5B by 2029. The company claims to be the only one deploying the AES algorithm in a quantum-safe manner with a FIPS-certified product, positioning itself as a leader in the post-quantum encryption market.

Cipherloc Corporation (OTCQB:CLOK) has successfully completed phase one testing of its data in motion products in collaboration with DataPath, a leader in trusted communications. The testing demonstrated that Cipherloc's Polymorphic Encryption Core (PEC) can encrypt and transmit data over UDP, with plans to extend this capability to TCP. CEO David Chasteen emphasized the importance of these advancements in addressing encryption and data security needs. Cipherloc aims to enhance its revenue-generating sales activities through effective performance in the emerging post-quantum security landscape.

Cipherloc Corporation (OTCQB:CLOK) appointed Nick Hnatiw as Chief Technology Officer to enhance leadership in information security as the company transitions to commercial operations. This appointment follows significant operational restructuring and advancements in partnership efforts during 2020. Hnatiw brings over 15 years of experience in software technologies and has previously supported US Cyber Command. The departure of Dr. Milton Mattox, the former Chief Operating Officer, marks a significant leadership change, as the firm focuses on deploying its unique encryption technology in critical applications.

Cipherloc Corporation (OTCQB:CLOK) announced that Syscall7 evaluated its Polymorphic Encryption Core (PEC) against established performance metrics, confirming its efficacy. Tests conducted using the NIST SP 800-22 suite highlighted that Cipherloc's PEC meets or exceeds AES standards across various metrics, including performance, memory management, and output randomness. CEO David Chasteen emphasized the significance of these results for transitioning to revenue through partnerships, supporting Cipherloc's unique position in the encryption market.

Cipherloc Corporation (OTCQB:CLOK) has appointed David Chasteen as its new Chief Executive Officer, effective immediately. Chasteen, who has been an independent director since 2019, brings extensive experience from information security and military sectors. He aims to steer the company towards bringing its innovative encryption technologies to market while focusing on revenue generation. The company has made operational cost reductions in 2020 and has strengthened relationships with key partners. Chasteen's diverse background includes roles in various military and intelligence positions, enhancing his leadership capabilities.

Cipherloc Corporation (OTCQB:CLOK) announced the availability of FIPS 140-2 certified mobile encryption libraries for Android and iOS applications, enhancing its Polymorphic Encryption technology. This certification, obtained on April 20, 2020, applies to mobile devices and complements existing desktop and server validations. FIPS 140-2 is essential for U.S. government procurement, requiring cryptographic solutions to undergo stringent testing. The certification enables companies to secure data across platforms, promoting safer mobile communications.

Cipherloc Corporation (OTCQB:CLOK) announced the return of over 13.1 million shares, approximately 31% of its outstanding shares, to the company following a settlement with former Chairman and CEO, Michael De La Garza, who has resigned from the board. The settlement includes a five-year prohibition on De La Garza seeking control of the company. Cipherloc will pay $300,000 upfront, plus $100,000 over the next four quarters. This move aims to enhance shareholder value and reduce future litigation costs while the company focuses on generating revenue through its advanced encryption technology.

Cipherloc Corporation (OTCQB:CLOK) has made significant strides in its partnership with ECS, integrating its advanced encryption technology into the ECS sales catalog. This collaboration, initiated in March, focuses on enhancing customer interactions and tailoring demos for potential clients. ECS, an authorized reseller, serves crucial sectors such as defense and federal markets, emphasizing the need for robust cybersecurity solutions. Cipherloc's patented Polymorphic Encryption technology aims to provide adaptive security across various applications, strengthening its market position amidst evolving compliance requirements.