StrikeForce Expands Into Brazil with New Distribution Partner
StrikeForce Technologies (OTCQB: SFOR) announced a strategic Reseller/Distributor agreement with Zentek to integrate its cyber security solutions, GuardedID and MobileTrust, into personal cyber insurance policies for banks and financial services in Brazil. This partnership aims to address the rising cyber threats faced by Brazilian citizens, highlighting the potential market demand for enhanced security measures. The launch is anticipated between Q2 and Q3 2022, with expectations for further collaborations in the future.
- Strategic partnership with Zentek opens new market opportunities in Brazil.
- Integration of GuardedID and MobileTrust into insurance products could enhance revenue streams.
- Addressing significant market need for cybersecurity solutions in Brazil.
- The press release lacks specific financial metrics to evaluate potential revenue impact.
EDISON, N.J., Feb. 24, 2022 (GLOBE NEWSWIRE) -- StrikeForce Technologies, Inc. (OTCQB: SFOR), a cyber security company that provides next-gen cyber, privacy & data protection solutions for consumers, corporations, & government agencies, announced today a new Reseller/Distributor agreement with Zentek corporation.
“We are really excited about this announcement,” says Will Lynch, Director of Channel Distribution for StrikeForce, “Zentech provides an IT marketplace for Banks, Insurance carriers, Financial Services firms and ISPs, and they have been asked to integrate our GuardedID and MobileTrust into a bundle of services within an Insurance Company’s Personal Cyber Insurance policy. The initial launch is expected towards the end of Q2 into Q3”.
“Brazil has one of the strongest economies in Latin America. Due to that fact, the country and its citizens are often targeted by cybercriminals and hackers for identity theft and online fraud”, says, Ailton Cardozo, CEO of Zentek, “The Brazilian marketplace is ready for these cyber security solutions and we look forward to a mutually beneficial relationship with StrikeForce.”
“We will be announcing further details about the Insurance company bundle when they launch,” says Kay. “This is definitely our first deal with them and we expect more in the future.”
About StrikeForce Technologies Inc.
StrikeForce Technologies helps to prevent Cyber theft and data security breaches for consumers, corporations, and government agencies. It provides powerful two-factor, “Out-of-Band” authentication, keystroke encryption along with mobile solutions. StrikeForce Technologies, Inc. (OTCQB: SFOR) is headquartered in Edison, N.J., and can be reached at www.strikeforcetech.com or by phone at (732) 661-9641 or toll-free at (866) 787-4542.
About Zentek Servicos em Tecnologia
Zentek provides the largest services marketplace for cyber security, IT and smartphones that help people stay safe and connected. Zentek is headquartered in San Paulo, Brazil.
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company's identity protection software products into various channels and market sectors, the issuance of the Company's pending patent applications, COVID-19, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the company.
StrikeForce contact:
Mark Kay, CEO
Marklkay@strikeforcetech.com
(732) 661-9641
FAQ
What is the recent agreement announced by StrikeForce Technologies (SFOR)?
When is the expected launch of the new cyber security solutions by StrikeForce?
What cyber security products are being integrated into the insurance policy?
Why is the Brazilian market significant for StrikeForce Technologies?
