Railtown AI Achieves SOC 2 Type II Compliance Certification
Railtown AI Technologies (CSE: RAIL) (OTCQB: RLAIF) has achieved SOC 2 Type II certification following an independent audit by the American Institute of Certified Public Accountants (AICPA). The certification validates the company's internal controls and policies for handling customer data across five trust service criteria: security, availability, processing integrity, confidentiality, and privacy.
The company expects this certification to build customer trust, reduce sales friction, provide access to larger markets, and enhance brand reputation. Additionally, Railtown has granted 2,800,000 incentive stock options to employees, directors, officers, and consultants at $0.50 per share, expiring November 22, 2029.
Railtown AI Technologies (CSE: RAIL) (OTCQB: RLAIF) ha ottenuto la certificazione SOC 2 Type II dopo un audit indipendente condotto dall'American Institute of Certified Public Accountants (AICPA). Questa certificazione convalida i controlli interni e le politiche dell'azienda per la gestione dei dati dei clienti secondo cinque criteri di servizio di fiducia: sicurezza, disponibilità, integrità del trattamento, riservatezza e privacy.
L'azienda si aspetta che questa certificazione contribuisca a costruire la fiducia dei clienti, ridurre le frizioni nelle vendite, fornire accesso a mercati più ampi e migliorare la reputazione del marchio. Inoltre, Railtown ha concesso 2.800.000 opzioni su azioni incentivanti a dipendenti, dirigenti, funzionari e consulenti a $0,50 per azione, con scadenza il 22 novembre 2029.
Railtown AI Technologies (CSE: RAIL) (OTCQB: RLAIF) ha logrado la certificación SOC 2 Tipo II tras una auditoría independiente realizada por el American Institute of Certified Public Accountants (AICPA). Esta certificación valida los controles internos y las políticas de la empresa para el manejo de datos de clientes en cinco criterios de servicio de confianza: seguridad, disponibilidad, integridad del procesamiento, confidencialidad y privacidad.
La empresa espera que esta certificación aumente la confianza del cliente, reduzca la fricción en las ventas, proporcione acceso a mercados más amplios y mejore la reputación de la marca. Además, Railtown ha otorgado 2,800,000 opciones sobre acciones de incentivo a empleados, directores, funcionarios y consultores a $0.50 por acción, con vencimiento el 22 de noviembre de 2029.
레일타운 AI 기술 (CSE: RAIL) (OTCQB: RLAIF)은 미국 공인 회계사 협회(AICPA)의 독립 감사 후 SOC 2 타입 II 인증을 획득했습니다. 이 인증은 보안, 가용성, 처리 무결성, 기밀성, 그리고 개인정보 보호라는 다섯 가지 신뢰 서비스 기준에 따라 고객 데이터 처리에 대한 회사의 내부 통제 및 정책을 검증합니다.
회사는 이 인증을 통해 고객 신뢰를 구축하고, 판매 마찰을 줄이며, 더 큰 시장에 접근하고, 브랜드 평판을 향상시키기를 기대합니다. 또한, 레일타운은 2,800,000개의 인센티브 스톡 옵션을 직원, 관리자, 임원 및 컨설턴트에게 주당 $0.50에 부여하였으며, 2029년 11월 22일에 만료됩니다.
Railtown AI Technologies (CSE: RAIL) (OTCQB: RLAIF) a obtenu la certification SOC 2 Type II suite à un audit indépendant réalisé par l'American Institute of Certified Public Accountants (AICPA). Cette certification valide les contrôles internes et les politiques de l'entreprise pour la gestion des données clients selon cinq critères de service de confiance : sécurité, disponibilité, intégrité du traitement, confidentialité et vie privée.
L'entreprise s'attend à ce que cette certification renforce la confiance des clients, réduise les frictions commerciales, facilite l'accès à de plus grands marchés et améliore la réputation de la marque. De plus, Railtown a attribué 2 800 000 options d'actions d'incitation à des employés, des directeurs, des dirigeants et des consultants au prix de 0,50 $ par action, avec une expiration prévue le 22 novembre 2029.
Railtown AI Technologies (CSE: RAIL) (OTCQB: RLAIF) hat die SOC 2 Typ II-Zertifizierung nach einer unabhängigen Prüfung durch das American Institute of Certified Public Accountants (AICPA) erhalten. Diese Zertifizierung validiert die internen Kontrollen und Richtlinien des Unternehmens für den Umgang mit Kundendaten nach fünf Vertrauensdienstkriterien: Sicherheit, Verfügbarkeit, Verarbeitungsintegrität, Vertraulichkeit und Datenschutz.
Das Unternehmen erwartet, dass diese Zertifizierung das Vertrauen der Kunden stärkt, Verkaufshemmnisse verringert, Zugang zu größeren Märkten ermöglicht und den Markenruf verbessert. Darüber hinaus hat Railtown 2.800.000 Anreizaktienoptionen an Mitarbeiter, Direktoren, Führungskräfte und Berater zu einem Preis von 0,50 $ pro Aktie gewährt, die am 22. November 2029 auslaufen.
- Achieved SOC 2 Type II certification, enhancing data security credibility
- Certification expected to expand market access and reduce sales friction
- Potential dilution from 2,800,000 new stock options granted at $0.50 per share
Vancouver, British Columbia--(Newsfile Corp. - November 22, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is proud to announce that it has achieved SOC 2 Type II certification, underscoring its dedication to data security, privacy, and compliance. This certification was awarded following an independent audit that validated the company's adherence to the strict standards established by the American Institute of Certified Public Accountants (AICPA).
The SOC 2 Type II audit evaluated Railtown's internal controls and policies for handling customer data based on five trust service criteria: security, availability, processing integrity, confidentiality, and privacy. Achieving SOC 2 certification reflects Railtown's proactive approach to protecting sensitive information and building customer trust.
"We are thrilled to receive this certification, which reinforces our commitment to safeguarding our client's data with the highest level of security and compliance practices," said Cory Brandolini, CEO at Railtown AI. "Our team has worked diligently to meet these standards, which are a testament to the hard work and dedication of everyone at Railtown in delivering secure and reliable services."
With SOC 2 Type II certification, Railtown enhances its position as a trusted partner to its clients by ensuring that all operational controls are designed to maintain data integrity and security at all times. The company is committed to continuous improvements and will maintain rigorous compliance protocols to meet the evolving needs of the industries it serves. SOC 2 Type II certification will build trust with Railtown's customers, reduce sales friction, provide access to larger markets, and enhance our brand reputation.
Option Grants
The company also announces that it has granted 2,800,000 incentive stock options to employees, directors, officers, and consultants. The incentive stock options have an exercise price of
The Company's Stock Option Plan allows for the issuance of up to
About Railtown AI Technologies
Railtown AI, a Microsoft Partner, is a cloud-based Application General Intelligence™ Platform called Conductor. Artificial intelligence and automation that performs tasks as well as streamlining, enhancing, and accelerating Developer Productivity Engineering (DPE) through Speed, Quality, Automation and Best Practices which are the cornerstones and foundation of the Conductor platform.
We purposely built the Conductor platform to help Software Companies and Software Developers save time on redundant tasks, improve productivity, drive down costs, and accelerate developer velocity. Railtown's proprietary AI technology, designed to enable our clients to be more productive and profitable, is accessible on Microsoft's Azure Marketplace.
Follow us on social media:
- Twitter: https://twitter.com/railtown_ai
- LinkedIn: https://www.linkedin.com/company/railtown-ai/
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ON BEHALF OF THE BOARD
"Cory Brandolini"
Cory Brandolini, Chief Executive Officer
INVESTOR CONTACT
Rebecca Kerswell
Investor Relations
Email : investors@railtown.ai
Phone : 1-604-417-4440
This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will," "may", "should", "intends", "anticipates", "expects" and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the future plans and objectives of the Company, the commencement of trading of the Company's common shares on the CSE, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are risks detailed from time to time in the filings made by the Company with securities regulators.
Readers are cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that any forward-looking statement will materialize, and readers should not place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231000
FAQ
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