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Solstice Advanced Materials Inc. reports developments in high-performance specialty materials, with recurring updates on refrigerants, electronic materials, nuclear services, protective fibers and healthcare packaging. Its announcements discuss sales and margin performance across Refrigerants & Applied Solutions and Electronic & Specialty Materials, demand tied to semiconductor manufacturing, data center cooling and nuclear power, and the transition toward lower global warming potential refrigerants.
Company news also includes common-stock dividend declarations and updates on uranium hexafluoride conversion at the Metropolis Works facility. That nuclear business converts uranium ore concentrate into UF6 for the nuclear fuel supply chain, with ConverDyn serving as the exclusive marketing agent for UF6 produced at the facility.
Sollensys Corp (OTC PINK:SOLS) announced the addition of several prominent members to its Advisory Board, enhancing its strategic position in the CyberSecurity field. The new advisors include industry leaders such as Tony Scott, former Federal CIO, and General (Retired) Robert Brown. This move aims to guide product innovation and extend the company’s influence across various markets, including healthcare and finance. CEO Don Beavers emphasized the importance of expert insights to drive the company's growth and innovation in security technologies.
Sollensys Corp (OTC PINK:SOLS) has announced a partnership with INSUREtrust to launch the Cyber Secure Platform (CSP), aimed at enhancing cyber security offerings. This collaboration provides INSUREtrust's agents with advanced risk management tools to better serve their clients in a challenging cyber insurance market. The CSP will feature multi-factor authentication, ransomware readiness, and analytics tools. Sollensys will contribute its Blockchain Archive Server technology, creating opportunities for new clients to access enhanced cyber protection. CEO Don Beavers highlighted the significance of this partnership amid rising cyber threats.
Sollensys Corp (SOLS) reported its transition period results for the nine months ending December 31, 2020. The company has a backlog of approximately $2.2 million in Regional Service Center contracts to be recognized over five years. Total revenue was $180,000, with a high gross profit margin of 83.33%. However, the net loss for the period reached $2,828,132, largely due to a $1.9 million one-time stock-based compensation expense. Sollensys launched the Blockchain Archive Server and the Regional Service Center targeting small businesses.
Sollensys Corp. (OTC PINK:SOLS) has announced the termination of its acquisition of Login Custom Software, LLC, due to legal restrictions preventing the deal's completion. Both parties are now exploring alternative transaction structures. Sollensys Corp. specializes in data management and offers innovative blockchain solutions, including its Blockchain Archive Server, which ensures data security by creating redundant, immutable backups. This product integrates seamlessly into existing systems, reinforcing the company's position in the blockchain application market.
Sollensys Corp. has announced the addition of three industry leaders to its Business Advisory Board, aimed at enhancing blockchain solutions and innovation. The new members bring expertise in finance, software, and manufacturing, positioning the company for growth. CEO Don Beavers expressed enthusiasm for the diverse experience these advisors will provide. The new appointees include Kristen Leverett, Dale Turner, and Luis Alvarez, each with substantial backgrounds in their respective fields. Sollensys specializes in data management, with its Blockchain Archive Server offering robust data security and integrity solutions.
Sollensys Corp. (OTC PINK:SOLS) announced the installation of its Blockchain Archive Server™ at two Florida healthcare facilities: Ability Plus Therapy and Island Direct Primary Care. This initiative is aimed at enhancing patient data protection against malware and ransomware.
The server ensures compliance with HIPAA requirements and provides secure, redundant data backups. Sollensys positions itself to expand in the medical sector, emphasizing the importance of data security in healthcare.
Sollensys Corp. (OTC PINK:SOLS) has formed a Business Advisory Board to enhance its position in blockchain technology. The board comprises industry leaders like Anthony Nolte, Sue Larew, and Ed Moore, who bring extensive experience from finance, banking, and technology sectors. CEO Don Beavers emphasizes the importance of these advisors in driving innovation across various markets. The company is known for its Blockchain Archive Server™, which ensures data security and integrates with existing systems. This strategic move is expected to bolster Sollensys's innovative product offerings.
PALM BAY, FL / ACCESSWIRE / September 15, 2020 / Sollensys Corp. (OTC PINK:SOLS) announced its Blockchain Archive Server™ won at TV Worldwide's CyberSecurity Shark Fest. The live event was hosted by CyberSecurity TV and aimed at improving data protection solutions. CEO Don Beavers expressed gratitude for the support in developing this next-generation product, highlighting its accessibility for businesses facing malware and ransomware threats. The Blockchain Archive Server™ offers a secure, turn-key solution for data management and protection against cyber-attacks.
Sollensys Corp. (OTC PINK:SOLS) announces its collaboration with Precision Companies, a Florida-based firm, to enhance data protection through its Blockchain Archive Server. This user-friendly solution integrates with existing security infrastructure, enabling clients to secure sensitive data without comprehensive overhauls. CEO Don Beavers emphasized the importance of safeguarding aerospace and government data amidst rising cyber threats. The Blockchain Archive Server ensures encryption and distribution across secure nodes, positioning Sollensys as a leader in cost-effective blockchain applications.
Sollensys Corp. (OTC PINK:SOLS) has announced the installation of its Blockchain Archive Server™ at five Ashley HomeStore outlets in Jacksonville, Florida, marking the beginning of a pilot program to enhance data security against malware and ransomware. This innovative solution utilizes blockchain technology to create secure, immutable backups, ensuring data integrity. The service is compatible with existing hardware and software setups, eliminating the need for significant changes. The partnership highlights a commitment to advancing data security in the retail industry.