Visium Technologies and Republic of Malawi Sign Memorandum of Understanding for Strategic Partnership to Deploy TruContext Advanced Predictive Analytics

Rhea-AI Summary

Visium Technologies (OTC PINK:VISM) has entered a Memorandum of Understanding with the Republic of Malawi and The Joyce Banda Foundation. This partnership aims to leverage Visium's TruContext data analytics platform for advanced predictive analytics in climate change and cybersecurity. Following the devastation of Cyclone Freddy, which resulted in over 1,200 fatalities, the collaboration focuses on improving storm tracking and preparedness. CEO Mark Lucky emphasized the importance of real-time analytics in mitigating climate-related impacts and expressed optimism about extending these efforts throughout Southern Africa. The initiative also aims to bolster Malawi's cybersecurity infrastructure and develop a highly skilled workforce in the field.

Positive

• Collaboration with the Republic of Malawi enhances Visium's presence in Southern Africa.
• TruContext platform aims to improve climate change responses and storm preparedness.
• Potential for future contracts with multiple countries in Southern Africa.

Negative

• None.

Preliminary Agreement Addresses Challenges in Climate Change, Banking, and Cybersecurity

FAIRFAX, VA / ACCESSWIRE / April 17, 2023 / Visium Technologies, Inc, ("Visium" or the "Company") (OTC PINK:VISM), a global cybersecurity and analytics company, announced today that it has executed a Memorandum of Understanding with the Republic of Malawi and The Joyce Banda Foundation to provide Visium's TruContext^TM data analytics platform to provide advanced predictive analytics for climate change, as well as for cybersecurity.

Malawi, Mozambique, and Madagascar were recently devastated by Cyclone Freddy, the longest-lasting and highest-ACE-producing tropical cyclone ever recorded worldwide, resulting in over 1,200 deaths. Visium and the Republic of Malawi are working together to deploy Visium's proprietary cybersecurity platform, TruContext^TM, to improve storm tracking, to monitor atmospheric conditions, and to better enable storm preparedness. By using multi-source data related to storm conditions and geographical information, TruContext's predictive analytics will enable countries to address adverse climate events and the climate change crisis.

Mark Lucky, Chief Executive Officer of Visium Technologies, said, "Visium believes in the importance of collaboration on solutions to combat climate change and can provide solutions to mitigate the adverse impact of climate events. The TruContext^TM platform can provide real-time analytics to give climatologists the information they need to make timely, better informed decisions to protect life and property. We expect our efforts in Malawi to extend throughout South Africa in the near future as we work towards finalizing contracts with a number of countries in southern Africa".

Mr. Lucky continued, "In addition to our shared interest to advance the fight against climate change, we are pleased to be working with the Republic of Malawi to offer TruContext^TM as a cybersecurity solution. Malawi is building the infrastructure to provide a secure, trusted, resilient and safe digital environment that promotes the country's socio-economic development. In addition, Malawi is seeking to train a highly skilled cybersecurity workforce. Visium looks forward to our role in attaining these objectives".

About The Joyce Banda Foundation

The Joyce Banda foundation's mission is to champion women and youth socio-economic empowerment through entrepreneurship and education; with the objectives to economically empower women as entrepreneurs, and in trade by providing social support; and to ensure access to education by providing quality education specifically for the disadvantaged and vulnerable in rural areas. For 25 years, we have implemented our work under the foundations' four building blocks; Academic Excellency, Service to Humanity, Universal Values, and Global Understanding, through which we have empowered rural women in key skills for their economic empowerment and educated boys and girls through the Joyce Banda Foundation Schools; since its establishment in 1997.

About Visium Technologies, Inc.
Visium Technologies (OTC PINK:VISM) is a cyber security solutions provider that uses graph database technology to deliver an analytics-driven, risk-based approach to cybersecurity that provides context to data so that users can make intelligent decisions in real time. Built for the US Army Cyber Command by MITRE Corporation (CyGraph), and then further developed by Visium, our world class TruContext^TM technology provides visualization, advanced cyber monitoring intelligence, data modeling, analytics, and automation to help reduce risk, simplify cyber security and deliver better security outcomes. TruContext^TM plugs the gaps left by other security tools.

For more information please visit www.visiumtechnologies.com and our YouTube Channel.

Safe Harbor Statement: Under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements that reflect management's current views with respect to future events and performance. These forward-looking statements are based on management's beliefs and assumptions and information currently available. The words "believe," "expect," "anticipate," "intend," "estimate," "project" and similar expressions that do not relate solely to historical matters identify forward-looking statements. Investors should be cautious in relying on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed in any such forward-looking statements. These factors include, but are not limited to, whether the reverse stock split will be beneficial to the Company and its shareholders, any inability to meet the NYSE American continued listing standards in the future for any reason, and those other factors described in our filings with the U.S. Securities and Exchange Commission. Any responsibility to update forward-looking statements is expressly disclaimed.

CONTACT:

Visium Technologies, Inc.
Corporate: Mark Lucky, Chief Executive Officer
mlucky@visiumtechnologies.com
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Corporate Office:
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Phone: 703-273-0383

SOURCE: Visium Technologies, Inc.

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FAQ

What partnership did Visium Technologies announce on April 17, 2023?

Visium Technologies announced a Memorandum of Understanding with the Republic of Malawi to deploy its TruContext data analytics platform for climate change and cybersecurity.

What impact did Cyclone Freddy have in Malawi?

Cyclone Freddy caused over 1,200 deaths and prompted collaboration to improve storm tracking and preparedness using Visium's TruContext platform.

What technology does Visium's TruContext provide?

TruContext offers advanced predictive analytics for climate events and cybersecurity, using multi-source data for better decision-making.

How does Visium's partnership benefit Malawi's cybersecurity efforts?

The partnership aims to enhance Malawi's cybersecurity infrastructure and promote the development of a skilled workforce in the sector.