Tego Cyber Inc. Receives DWAC Approval

Rhea-AI Summary

Tego Cyber Inc. (OTCQB:TGCB) has received approval from the Depository Trust Company for its common shares to enter the DWAC/FAST program. This enables shareholders to transfer shares electronically without physical certificates, enhancing liquidity and ease of trading. Tego is focused on the cyber threat intelligence market and has developed the Tego Threat Intelligence Platform (TTIP) for integration with major security systems like SPLUNK. This platform aims to provide timely threat data to enhance cybersecurity measures within enterprises.

Positive

• Approval for DWAC/FAST program enhances liquidity for shareholders.
• TTIP development integrates with top security platforms like SPLUNK, increasing market potential.

Negative

• None.

LAS VEGAS, NV / ACCESSWIRE / April 23, 2021 / Tego Cyber Inc. (OTCQB:TGCB), an emerging cybersecurity threat intelligence company, today announced that it has received approval from the Depository Trust Company for its common shares to be accepted into the DWAC/FAST program. With this approval, shareholders of Tego Cyber Inc. will be able to transfer their shares electronically without having to deal with physical certificates.

About DWAC/FAST
DTC's Deposit and Withdrawal at Custodian ("DWAC") service provides participants with the ability to make electronic book-entry deposits and withdrawals of eligible securities into and out of their DTC book-entry accounts using a Fast Automated Securities Transfer service ("FAST") transfer agent as the distribution point. DWAC allows participants to instruct DTC regarding deposit and withdrawal transactions being made directly via a FAST transfer agent. The FAST system eliminates the movement of physical securities certificates for transfers of securities registered in the name of DTC's nominee, Cede & Co, on the transfer agent's books. DTC and its FAST transfer agents reconcile the results of participants' deposit and withdrawal activities electronically on a daily basis.

About Tego Cyber Inc.
Tego Cyber Inc. (OTCQB:TGCB, "the Company") was created to capitalize on the emerging cyber threat intelligence market. The Company has developed a cyber threat intelligence application that integrates with top end security platforms to gather, analyze, then proactively identify threats to an enterprise network. The Tego Threat Intelligence Platform (TTIP) takes in vetted and curated threat data and after utilizing a proprietary process, the platform compiles, analyzes, and then delivers that data to an enterprise network in a format that is timely, informative, and relevant. The threat data provides additional context including specific details needed to identify and counteract threats so that security teams can spend less time searching for disparate information. The first version of the TTIP will integrate with the widely accepted SPLUNK platform to provide real-time threat intelligence to macro enterprises using the SPLUNK architecture. The Company plans on developing future versions of the TTIP for integration with other established SIEM systems and platforms including: Elastic, IBM QRadar, AT&T AlienVault, Exabeam and LogRhythm.

Forward-Looking Statements
The statements contained in this press release, those which are not purely historical or which depend upon future events, may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements regarding the Company's expectations, hopes, beliefs, intentions or strategies regarding the future constitute forward-looking statements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. All forward-looking statements included in this press release are based on information available to the Company on the date hereof and the Company assumes no obligation to update any such forward-looking statement. Prospective investors should also consult the risks factors described from time to time in the Company's Reports on Forms 10-K, 10-Q and 8-K and Annual Reports to Shareholders.

Contact:
Tego Cyber Inc.
8565 S Eastern Avenue, Suite 150
Las Vegas, Nevada
}USA 89123
Tel: 855-939-0100
Email: info@tegocyber.com
Web: tegocyber.com
Facebook: facebook.com/tegocyber
LinkedIn: linkedin.com/company/tegocyber
Twitter: twitter.com/tegocyber

Investor Relations:
Tel: 855-939-0100
Email: info@tegocyber.com
Web: www.otcmarkets.com/stock/tego

SOURCE: Tego Cyber Inc.

View source version on accesswire.com:
https://www.accesswire.com/641917/Tego-Cyber-Inc-Receives-DWAC-Approval

FAQ

What does the DWAC/FAST approval mean for Tego Cyber Inc. shareholders?

The DWAC/FAST approval allows Tego Cyber Inc. shareholders to transfer shares electronically, improving liquidity and streamlining transactions.

What is Tego Cyber Inc.'s primary focus?

Tego Cyber Inc. focuses on the cyber threat intelligence market, providing tools to identify and analyze security threats.

What is the Tego Threat Intelligence Platform (TTIP)?

The Tego Threat Intelligence Platform (TTIP) is an application that integrates with security systems to provide real-time threat intelligence for enterprise networks.

When was the DWAC approval announced for Tego Cyber Inc.?

The DWAC approval was announced on April 23, 2021.

Which platforms will the Tego Threat Intelligence Platform integrate with?

The TTIP will initially integrate with the SPLUNK platform, with plans for future integrations with Elastic, IBM QRadar, and others.