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Signal Advance (OTC PINK:SIGL) reports that at its annual meeting held on July 6, 2021, all resolutions proposed to shareholders were approved. Key outcomes include the re-election of Chris Hymel, Ron Stubbers, and Richard Seltzer to the Board of Directors, with Stan Dubyn also elected as a new board member. A total of 75.11% of shares were represented at the meeting. The Shareholders ratified the corporation's proceedings and approved the minutes from the previous meeting.
Signal Advance specializes in technology that enhances analog signal detection across various sectors.
Signal Advance, Inc. (OTC PINK:SIGL) reported strong financial results for the year ended December 31, 2020. The company achieved gross revenues of $10,780,770, a significant increase from $0 in 2019. It reported net income of $10,177,362, marking a turnaround from a loss of ($114,379) the previous year. The net income per share rose to $0.265, while common shares outstanding decreased to 38,447,038 from 91,716,057. These results highlight the company's positive financial trajectory.
Signal Advance (OTC PINK:SIGL) has initiated the development of Analog Guard, a cutting-edge encryption technology utilizing its proprietary Signal Advance technology. This system aims to significantly reduce cyber-attack risks, addressing a growing threat projected to cost over $6 trillion in 2021. Analog Guard will enhance cybersecurity for various sectors including IoT devices, industrial controls, and military communications. CEO Dr. Chris M. Hymel believes this advancement will make it exceedingly difficult for cyber-criminals to execute remote attacks.
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