RICHARDSON, Texas, Sept. 27, 2018 /PRNewswire/ -- Vertical Computer Systems, Inc. ("Vertical") (OTCBB: VCSY) is pleased to announce that it has entered into a license agreement with Sawblade Ventures, LLC ("Sawblade") under which Sawblade has granted Vertical a world-wide non-exclusive license to market, distribute and sub-license the Sawblade technology in the Internet of Things ("IoT") market. The license agreement provides for an option to convert the arrangement to an exclusive license.
Sawblade's technology includes a patented method for integrating flexible distributed security circuits into a customer's application microelectronics. This method includes a design automation tool and a library of custom security-oriented circuits, can be used during the design phase of any product for the IoT market, and provides real-time response, internal monitoring and counter measures to any application.
Vertical will utilize the Sawblade technology to work in sync with its Vertical Internet Platform and provide an end-to-end solution for IoT devices. The Vertical Internet Platform is the patented, clean energy, web server technology on a mobile device.
Richard Wade, President and CEO of Vertical, stated, "We believe the Sawblade technology, when combined with our private and secure Vertical Internet Platform, will provide users utilizing the IoT devices a private and secure channel to manage and control their devices."
Scott Winning, CEO/President of Sawblade Ventures, added, "We are pleased to work with Vertical to merge innovative forward looking technologies into the marketplace. Both companies have solid patent portfolios and the expertise to put them to use to solve today's issues and those arising in the future. A better, safer world is our goal."
Forward-looking statements disclosure: This announcement contains 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, which represent the Company's expectations or beliefs concerning future events. Any statements that describe the Company's objectives, plans or goals are forward-looking statements. All forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
ABOUT VERTICAL COMPUTER SYSTEMS, INC.
Vertical Computer Systems, Inc. (OTCQB:VCSY) is a provider of administrative software, Internet core technologies and derivative software application products. Vertical's subsidiary Now Solutions, Inc., distributes emPath™, a payroll and human resources software solution. Another subsidiary, Ploinks, Inc., has developed Ploinks®, a private communications channel. Vertical's primary Internet core technologies include the Vertical Internet Platform, SiteFlash™ and the Emily™ XML Scripting Language, which can be used to build web services. For the latest news, please visit http://VCSY.com and our Twitter feed at https://twitter.com/VCSYInc.
ABOUT SAWBLADE VENTURES, LLC
Sawblade Ventures, LLC is a technology company supplying patented methods for improving cyber-security. Sawblade's offering includes electronic design automation tools (EDA), custom synthesizable IP and the expertise to support integration into legacy, modified and new integrated circuits in virtually all markets. Sawblade's offering is based on over multiple years of research and cooperation with the largest semiconductor and defense companies globally. Visit Sawblade at https://www.sawbladeventures.com.
Vertical Computer Systems, Inc.
SOURCE Vertical Computer Systems, Inc.