Lleida.net launches USVC, a defense against forged or revoked electronic signatures

Rhea-AI Summary

Lleida.net has launched USVC, the first universal validator of electronic signatures, aimed at verifying their authenticity regardless of the platform. A patent application has been filed in multiple countries for this technology, which can validate documents in various formats like PDF and Word, and supports multiple electronic signature types.

CEO Sisco Sapena claims USVC could surpass the company's current revenue from registered electronic signature certification, representing a significant growth opportunity as the digital signature industry evolves. Lleida.net holds 220 patents across over 64 countries, reinforcing its leading position in this market.

Positive

• Launch of USVC, enhancing the company's service offerings in electronic signature validation.
• Technology developed over two years with potential to generate substantial new revenue streams.
• Lleida.net holds 220 patents across more than 64 countries, solidifying its industry leadership.

Negative

• None.

MADRID, Spain, Feb. 14, 2023 (GLOBE NEWSWIRE) -- The listed company Lleida.net (BME:LLN) (EPA:ALLLN) (OTCQX:LLEIF) has just launched USVC, the first universal validator of electronic signatures.

The system, for which a patent application has already been filed in several countries, makes it possible to confirm the origin of any electronic signature and provide certainty about its origin and authenticity. It can verify the veracity of any digital signature, regardless of the platform with which it was signed, be it Docusign, Adobe, qualified electronic signature or any other.

USVC (which stands for Universal Signature Validator Certificate) fully and easily validates the electronic signatures of any file and generates an evidence document electronically signed by the company as a qualified service provider (TSP) that certifies that the validation has been performed, the result of the validation, the time at which the validation was performed and the validated document.

An industry bigger than registered notification and contracting

Sisco Sapena, CEO of Lleida.net, stated that "USVC's electronic signature validation technology has the potential to be bigger than the company's own current registered electronic signature certification business."

According to Sapena, "Our USVC is an important step into the future of electronic signature validation technology. The new technology will have a great acceptance in the market and is a significant new opportunity for Lleida.net in an industry that is evolving at full speed."

For a company like Lleida.net, whose revenues are mainly based on the SaaS industry as Lleida.net, and which has a prominent presence in the registered electronic signature, registered notification and contracting market, the USVC platform is going to mean an essential source of revenue and a new growth engine.

State-of-the-art technology

The technology has been developed over the last two years by the listed company's R&D team.

USVC can validate documents in various formats, such as PDF, Word, XML and images, using a qualified eIDAS-accredited service in accordance with ETSI TS 119 441. In addition, it can validate electronic signatures in different formats, including PADES for PDF documents and CADES or XADES for other types of documents, such as Word, Excel, videos, audios and images.

You can specify whether it is a document signed with an entity seal or with a natural person or representative certificate, and whether the electronic signature is qualified or advanced.

Lleida.net's USVC is the only service that recognizes both public checklists and TSL from Europe, Mexico, Peru, Dominican Republic, among others. In addition, it verifies the format of certain signed documents such as electronic invoices and validates documents signed with eIDAS.

A defense against forged electronic signatures

In recent years, forged, expired or unverified registered electronic signatures have begun to represent a major problem in the digital society, since many users view them through viewers that do not verify their authenticity.

The ability to forge electronic signatures jeopardizes the authenticity and integrity of digital information and documentation, which can have serious consequences regarding fraud, false identity and legal problems.

According to Sapena, "The world is evolving towards a digital society, and this implies a large amount of electronically signed information and documentation. However, there is a risk of identity fraud and document forgery. USVC provides the solution to these problems."

European leader in the industry, listed on three markets

Lleida.net is a European leader in the registered electronic signature, notification and contracting industry, with 220 patents already received from more than 64 countries worldwide. These include the European Union, United States, China, Russia, India, Mexico, Japan, Colombia, Argentina, Peru, South Africa, Nigeria, Australia and New Zealand.

FAQ

What is USVC launched by Lleida.net?

USVC is the first universal validator of electronic signatures that confirms the origin and authenticity of digital signatures across various platforms.

What impact does USVC have on Lleida.net's business?

USVC is expected to be a significant source of revenue and a new growth engine for Lleida.net in the electronic signature industry.

When was USVC launched?

USVC was launched on February 14, 2023, by Lleida.net.

What technological advancements does USVC offer?

USVC validates documents in various formats and supports multiple electronic signature types, enhancing its utility in the digital documentation space.

What is the stock symbol for Lleida.net?

Lleida.net is traded under the stock symbol LLEIF.