Everything Blockchain Inc. Poised for Growth in 2024

Rhea-AI Summary

Everything Blockchain Inc. (EBZT) launches and expands its database management and data security platforms, achieving critical milestones in 2023. The company enhanced its BuildDB platform, launched EB Control Enterprise, secured new patents, formed key partnerships, and received increased funding. BuildDB showed superior performance and cost savings, with new features for AI applications. EBI obtained patents for encryption systems and launched EB Control Enterprise for enterprise data security. The company also appointed new leadership, received industry awards, and formed key partnerships, expanding its sales pipeline and securing strategic funding.

Company launches and expands its next-generation database management and data security platforms to generate significant momentum going into 2024

Jacksonville, Fla. , Feb. 12, 2024 (GLOBE NEWSWIRE) -- Everything Blockchain Inc., (OTCMKTS: EBZT), a technology company that is blending blockchain, DBMS and Zero Trust to deliver disruptive new ways to store, manage, retrieve and protect data, achieved critical development and sales pipeline milestones in 2023. Over the course of the year EBI significantly enhanced its BuildDB platform, launched EB Control Enterprise, expanded its IP portfolio with new patent approvals, appointed new leadership, received notable industry accolades, formed key industry partnerships, and secured increased strategic funding.

EBI continued to extend and improve its revolutionary blockchain-based database management system, BuildDB. Performance testing showed up to 4x better performance against the competition and up to 40% cost savings. In addition, by adding the ability to store embeddings and vectors, BuildDB is now able to displace traditional vector databases in AI applications. BuildDB is undergoing operational testing through Proofs of Concept (POCs) with key customer prospects.

In 2023, EBI was granted two patents for Enhanced Secure Encryption and Decryption System, one by the United States Patent and Trademark Office (USPTO), and one from China's National Intellectual Property Administration (CNIPA). An additional patent was recently granted by USPTO for a Multi-Factor Geofencing System for Secure Encryption and Decryption. These patents are foundational to EBI’s newly launched EB Control Enterprise, a tailored data encryption solution specifically designed for enterprise systems and workflows. Leveraging the innovative EB Control platform, EB Control Enterprise features an updated centralized management portal, plugs into enterprise IT workflows such as Active Directory ADFS, and adds support for FIDO 2 and SAML.

“We set out to push the boundaries of the secure data management market in 2023, achieving significant advancements, both technologically and as a company,” said Toney Jennings, CEO of Everything Blockchain, Inc. “We are right on schedule with a 3-year pivot that we communicated to our investors and the market two and a half years ago. We look forward to 2024 being a significant growth year as our platforms launch into the market and we acquire important customers. As we look ahead into 2024, our dedication to providing leading data security solutions that address the progressing needs of today’s businesses remains unwavering.”

Over the course of the year, EBI also added a new board member and hired two new executives. The company appointed Dr. Najwa Aaraj to the board and hired Cody Margaretten as Chief Information Officer and Anthony Bolan as Chief Information Security Officer.

The company also received recognition from several industry-leading award programs, winning the title of “Secure Communications Solution of the Year” in the 7^th Annual Cybersecurity Breakthrough Awards, as well as finalist status in the 2023 CRN Tech Innovator and SC Media 2023 Awards.

Other notable highlights from the year include:

• Key partnerships with Digital Ocean, Al-Rushaid Technologies (ART), and the Center for Internet Security, Inc. (CIS®) as well as the addition of Value-added Resellers (VARs) in the U.S., Middle East and the Far East.
• The addition of more than 100 new prospects into the sales pipeline.
• Starting key POCs for airline, technology, manufacturing, energy, fintech and Artificial Intelligence prospects.
• Publication of the Encryption and Key Management Multi-Client Research Project eBook with analyst firm ESG.
• Securing $1.5 million of strategic funding from one of EBI’s value added resellers and OEM partner, Alamo City Engineering Services.
• Securing an additional $1.5 million in funding for working capital from company directors.

To learn more about Everything Blockchain Inc, visit https://everythingblockchain.io/

About Everything Blockchain Inc.
Everything Blockchain, Inc. (OTCMKTS: EBZT) is on a mission to ensure every organization has access to the tools and platforms that enable them to manage, store and protect data without the cost and complexity that holds them back today. Our patented advances in engineering deliver the essential elements needed for real-world business use: speed, security, and efficiency. Everything Blockchain builds platforms of trust for the modern enterprise. Our current lines of business include: EB Advise, BuildDB and EB Control. For more information, please visit https://www.everythingblockchain.io/

Forward Looking Statements
This news release contains “forward-looking statements” which are not purely historical and may include statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of blockchain and zero trust-based products. These forward-looking statements are made as of the date of this press release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.

FAQ

What is the ticker symbol for Everything Blockchain Inc.?

The ticker symbol for Everything Blockchain Inc. is EBZT.

What are some key achievements of Everything Blockchain Inc. in 2023?

In 2023, Everything Blockchain Inc. enhanced its BuildDB platform, launched EB Control Enterprise, obtained new patents, formed key partnerships, and received increased funding.

What are the performance improvements of BuildDB against the competition?

Performance testing showed up to 4x better performance against the competition and up to 40% cost savings for BuildDB.

What new features were added to BuildDB for AI applications?

BuildDB now has the ability to store embeddings and vectors, enabling it to displace traditional vector databases in AI applications.

What are the key features of EB Control Enterprise?

EB Control Enterprise is a tailored data encryption solution designed for enterprise systems and workflows. It features an updated centralized management portal, plugs into enterprise IT workflows such as Active Directory ADFS, and adds support for FIDO 2 and SAML.