Skkynet Continues Strong Growth with Q2 2022 Financial Results

Positive outlook for future growth with 21% YoY revenue increase.

Mississauga, Ontario, June 15, 2022Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB: SKKY) is pleased to announce its quarter-end operating and financial results for the period ended April 30, 2022.  The Company reported a record second quarter revenue of US$540,093 compared to $447,972 for the same period in 2021; a 20.6% growth in sales.  Comprehensive loss from operations for the 3-month period was $19,475 compared to a gain of $26,373 for the same period in 2021.

“Skkynet’s Q2 2022 results maintain our continuous revenue growth over the last 24 months.  We’re seeing strong momentum in the market as projects delayed by the pandemic are now coming back on-line,” stated Andrew Thomas, CEO.  “There is also a significant demand for cybersecurity solutions, as well as the need for OT/IT data collaboration.”

“We continue to focus on building new industry partnerships and targeting high-growth industrial sectors,” said Paul Thomas, President of Skkynet.  “With travel and in-person conferences resuming, we are seeing a significant increase in activity.”

Skkynet’s products and services—DataHub software for in-plant, Skkynet DataHub service for Microsoft Azure, SkkyHub cloud service, and ETK for embedded devices—provide secure access to industrial data through open, standard industrial protocols, allowing users to fully integrate OT with IT systems and other applications anywhere in the world. Secure by design, Skkynet’s solution requires no VPN, no open firewall ports, no special programming, and no additional hardware. Secure integration of embedded devices, on-premise systems, and remote locations through seamless, end-to-end connectivity in real time lets users derive maximum value from Industrial IoT and Industry 4.0. For more information, visit: https://skkynet.com/investors/

About Skkynet

Skkynet Cloud Systems, Inc. (OTCQB: SKKY) is a global leader and innovator in real-time information systems. Skkynet’s leading-edge platform includes the award-winning SkkyHub service, DataHub® middleware, Skkynet DataHub service on Microsoft Azure, and Embedded Toolkit (ETK) software. The platform enables real-time data connectivity for industrial, embedded, and financial systems, with no programming required. Skkynet’s platform is uniquely positioned for the “Internet of Things” and “Industry 4.0” because unlike the traditional approach for networked systems, Skkynet’s architecture is secure by design.

Safe Harbor

This news release contains “forward-looking statements” as that term is defined in the United States Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements, including beliefs, plans, expectations or intentions regarding the future, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors, such as the inherent uncertainties associated with new business opportunities and development stage companies. Skkynet assumes no obligation to update the forward-looking statements. Although Skkynet believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should refer to the risk factors disclosure outlined in Skkynet’s annual report on Form 10-K for the most recent fiscal year, quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the U.S. Securities and Exchange Commission.

Skkynet Continues Growth with Q1 2022 Financial Results

8.9% YoY revenue growth maintains positive outlook for future growth.

Mississauga, Ontario, March 16, 2022Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB: SKKY) is pleased to announce its quarter-end operating and financial results for the period ended January 31, 2022.  The Company reported a record first quarter revenue of US$477,179 compared to $438,066 for the same period in 2021, which marks an 8.9% growth in sales.  Comprehensive loss from operations for the 3-month period was $90,713 compared to a loss of $33,076 for the same period in 2021.

“Skkynet’s Q1 2022 results indicate positive momentum and consistent revenue growth.  We continue to maintain a robust cash position for further growth this year,” stated Andrew Thomas, CEO.  “The outlook for 2022 is excellent; we remain positive and expect to accelerate our growth throughout the year.  We do not believe that the current situation in Eastern Europe will have a significant impact on sales.”

“We have continued our focus on building new industry partnerships, particularly in under-represented regions,” said Paul Thomas, President of Skkynet.  “With our new channel partners in Germany and Brazil, we now have additional sales and support opportunities in two large markets.”

Skkynet’s products and services—DataHub software for in-plant, Skkynet DataHub service for Microsoft Azure, SkkyHub cloud service, and ETK for embedded devices—provide secure access to industrial data through open, standard industrial protocols, allowing users to fully integrate OT with IT systems and other applications anywhere in the world. Secure by design, Skkynet’s solution requires no VPN, no open firewall ports, no special programming, and no additional hardware. Secure integration of embedded devices, on-premise systems, and remote locations through seamless, end-to-end connectivity in real time lets users derive maximum value from Industrial IoT and Industry 4.0. For more information, visit: https://skkynet.com/investors/

About Skkynet

Skkynet Cloud Systems, Inc. (OTCQB: SKKY) is a global leader and innovator in real-time information systems. Skkynet’s leading-edge platform includes the award-winning SkkyHub service, DataHub® middleware, Skkynet DataHub service on Microsoft Azure, and Embedded Toolkit (ETK) software. The platform enables real-time data connectivity for industrial, embedded, and financial systems, with no programming required. Skkynet’s platform is uniquely positioned for the “Internet of Things” and “Industry 4.0” because unlike the traditional approach for networked systems, Skkynet’s architecture is secure by design.

Safe Harbor

This news release contains “forward-looking statements” as that term is defined in the United States Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements, including beliefs, plans, expectations or intentions regarding the future, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors, such as the inherent uncertainties associated with new business opportunities and development stage companies. Skkynet assumes no obligation to update the forward-looking statements. Although Skkynet believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should refer to the risk factors disclosure outlined in Skkynet’s annual report on Form 10-K for the most recent fiscal year, quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the U.S. Securities and Exchange Commission.

Skkynet Announces 2021 Financial Results and Provides Corporate Update

Increased sales resulted in 21% revenue growth year-over-year.

Mississauga, Ontario, January 31, 2022Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB: SKKY) is pleased to announce its year-end operating and financial results for the period ended October 31, 2021.  The Company reported a record annual revenue total of $1,830,459 compared to $1,506,929 for the same period in 2020, a 21.5% growth in revenue. A strong cash position is reinforced by an increase in profitability.

“Skkynet’s 2021 sales accelerated its upward trend, doubling our growth rate compared to 2020.  Moreover, we continue to maintain a strong cash position allowing us to further fuel growth in 2022 and beyond.  Demand is strong and growing for secure access to remote industrial systems,” stated Andrew Thomas, CEO.  “We see clear signs of a continued rebound in the industry, and therefore remain confident in our bullish outlook for growth in 2022, all while maintaining our strong financial position.”

Highlights of the past year include:

“2021 was milestone year for Skkynet technical innovations,” said Paul Thomas, President of Skkynet.  “The new DataHub® features combined with the Skkynet DataHub service on Azure can turn the dream of the real-time enterprise into reality. Expanding a real-time approach from the production line to management and then to the whole enterprise is where manufacturing is headed.  Our solutions are leading the way.”

Skkynet’s products and services—DataHub software for in-plant, Skkynet DataHub service for Microsoft Azure, SkkyHub cloud service, and ETK for embedded devices—provide secure access to industrial data through open, standard industrial protocols, allowing users to fully integrate OT with IT systems and other applications anywhere in the world. Secure by design, Skkynet’s solution requires no VPN, no open firewall ports, no special programming, and no additional hardware. Secure integration of embedded devices, on-premise systems, and remote locations through seamless, end-to-end connectivity in real time lets users derive maximum value from Industrial IoT and Industry 4.0. For more information, visit: https://skkynet.com/investors/

About Skkynet

Skkynet Cloud Systems, Inc. (OTCQB: SKKY) is a global leader and innovator in real-time information systems. Skkynet’s leading-edge platform includes the award-winning SkkyHub service, DataHub® middleware, Skkynet DataHub service on Microsoft Azure, and Embedded Toolkit (ETK) software. The platform enables real-time data connectivity for industrial, embedded, and financial systems, with no programming required. Skkynet’s platform is uniquely positioned for the “Internet of Things” and “Industry 4.0” because unlike the traditional approach for networked systems, Skkynet’s architecture is secure by design.

Safe Harbor

This news release contains “forward-looking statements” as that term is defined in the United States Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements, including beliefs, plans, expectations or intentions regarding the future, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors, such as the inherent uncertainties associated with new business opportunities and development stage companies. Skkynet assumes no obligation to update the forward-looking statements. Although Skkynet believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should refer to the risk factors disclosure outlined in Skkynet’s annual report on Form 10-K for the most recent fiscal year, quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the U.S. Securities and Exchange Commission.

Skkynet Releases Enhanced DataHub®

DataHub® real-time middleware now supports connections to popular real-time data historians, alarms and notifications, and MQTT Sparkplug B

Mississauga, Ontario, January 11, 2022Skkynet Cloud Systems, Inc. (“Skkynet”) (OTCQB: SKKY) is pleased to announce the release of a major new version of DataHub® middleware.  With powerful new enhancements, DataHub middleware for secure, real-time industrial data communications now connects to popular industrial data historians from AVEVA, InfluxData, and OSIsoft.  This innovative release is also able to generate alarms and notifications, and can handle thousands of MQTT connections, including MQTT Sparkplug B.

“This latest release of DataHub is redefining industrial IoT,” said Paul Thomas, President of Skkynet. “Users can now collect historical and alarm data directly from in-plant systems and securely pass it over the Internet to central offices and the cloud.”

Industrial data from virtually any source: pipelines, wind farms, factories, chemical plants, assembly lines, water treatment facilities, and more can be consolidated and then transmitted securely and in real time to corporate analytical systems and data lakes to power AI engines, synchronize digital twin implementations, and feed KPI calculations.

Security is based on Skkynet’s patented technology that uses outbound-only connections to ensure that no attack surface is exposed on a local plant network. It requires no IT policy changes, no open inbound firewall ports, no VPNs, and no extra hardware―while allowing real-time bi-directional data flow through DMZs and network proxies up to the cloud.

The new release also provides enhanced, patent-pending support for MQTT, strengthening IoT communications by allowing users to integrate multiple connections and providing them with more reliable verification of data delivery and status of connected devices.  Additional new features include the ability to generate alarms and notifications from process data as it flows through the system, and to send them via email, text messages, and social media.

Skkynet’s products and services—DataHub software for in-plant, Skkynet DataHub service for Microsoft Azure, SkkyHub cloud service, and ETK for embedded devices—provide secure access to industrial data through open, standard industrial protocols, allowing users to fully integrate OT with IT systems and other applications anywhere in the world. Secure by design, Skkynet’s solution requires no VPN, no open firewall ports, no special programming, and no additional hardware. Secure integration of embedded devices, on-premise systems, and remote locations through seamless, end-to-end connectivity in real time lets users derive maximum value from Industrial IoT and Industry 4.0. For more information, visit: https://skkynet.com/investors/

About Skkynet

Skkynet Cloud Systems, Inc. (OTCQB: SKKY) is a global leader and innovator in real-time information systems. Skkynet’s leading-edge platform includes the award-winning SkkyHub service, DataHub® middleware, Skkynet DataHub service on Microsoft Azure, and Embedded Toolkit (ETK) software. The platform enables real-time data connectivity for industrial, embedded, and financial systems, with no programming required. Skkynet’s platform is uniquely positioned for the “Internet of Things” and “Industry 4.0” because unlike the traditional approach for networked systems, Skkynet’s architecture is secure by design.

Safe Harbor

This news release contains “forward-looking statements” as that term is defined in the United States Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements, including beliefs, plans, expectations or intentions regarding the future, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors, such as the inherent uncertainties associated with new business opportunities and development stage companies. Skkynet assumes no obligation to update the forward-looking statements. Although Skkynet believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should refer to the risk factors disclosure outlined in Skkynet’s annual report on Form 10-K for the most recent fiscal year, quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the U.S. Securities and Exchange Commission.

Skkynet Launches Skkynet DataHub® service for Microsoft Azure

Skkynet’s innovative technology now available at Microsoft Azure Marketplace for secure, real-time industrial data communications

Mississauga, Ontario, November 30, 2021Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB: SKKY) is pleased to announce that Skkynet’s DataHub® technology for secure, real-time industrial data communications is now available at Microsoft Azure Marketplace. With the DataHub service, Azure customers can securely acquire, monitor, control, consolidate, and share their live process data.

“The DataHub service provides a unique way to securely integrate operations technology with IT on  Microsoft Azure,” said Paul Thomas, President of Skkynet. “Users can now aggregate data feeds from multiple sources, and feed data to dashboards, data lakes, and other connected programs―without exposing their production systems.”

“I’ve been working with pharmacy production equipment, grocery store water systems, municipal facilities, and universities where the managers all need the same thing: secure access to their process data,” said Rick Lisowski, President of Skye Controls & Design in Spencerport, NY. “Connecting the hardware they use to the DataHub software running on Azure puts it all together. Now my motto is: I can get any data from anywhere and push it to where you need it.”

“Microsoft Azure Marketplace empowers customers to discover, try, and deploy software solutions that are certified and optimized to run on Azure,” said Jake Zborowski, General Manager, Microsoft Azure Platform at Microsoft Corp. “Azure Marketplace helps solutions like Skkynet reach more customers and markets.”

The Skkynet DataHub service connects seamlessly to Azure IoT Hub for real-time remote monitoring, control, and data logging. Using standard industrial protocols like OPC UA or MQTT, users can also connect directly to popular applications and programs that run on Azure, or at remote locations.

Security is based on Skkynet’s patented technology that uses outbound-only connections to ensure that no attack surface is exposed on a local plant network. It requires no IT policy changes, no open inbound firewall ports, no VPNs, and no extra hardware while allowing real-time bi-directional data flow through DMZs and network proxies up to the cloud.

Skkynet’s products and services—DataHub software for in-plant, Skkynet DataHub service for Microsoft Azure, SkkyHub cloud service, and ETK software for embedded devices—provide secure access to industrial data through open, standard industrial protocols, allowing users to fully integrate OT with IT systems and other applications anywhere in the world. Secure by design, Skkynet’s solution requires no VPN, no open firewall ports, no special programming, and no additional hardware. Secure integration of embedded devices, on-premise systems, and remote locations through seamless, end-to-end connectivity in real time lets users derive maximum value from Industrial IoT and Industry 4.0. For more information, visit: https://skkynet.com/investors/

About Skkynet

Skkynet Cloud Systems, Inc. (OTCQB: SKKY) is a global leader and innovator in real-time information systems. Skkynet’s leading-edge platform includes the award-winning SkkyHub™ service, DataHub® middleware, Skkynet DataHub service on Microsoft Azure, and Embedded Toolkit (ETK) software. The platform enables real-time data connectivity for industrial, embedded, and financial systems, with no programming required. Skkynet’s platform is uniquely positioned for the “Internet of Things” and “Industry 4.0” because unlike the traditional approach for networked systems, Skkynet’s architecture is secure by design.

Safe Harbor

This news release contains “forward-looking statements” as that term is defined in the United States Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements, including beliefs, plans, expectations or intentions regarding the future, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors, such as the inherent uncertainties associated with new business opportunities and development stage companies. Skkynet assumes no obligation to update the forward-looking statements. Although Skkynet believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should refer to the risk factors disclosure outlined in Skkynet’s annual report on Form 10-K for the most recent fiscal year, quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the U.S. Securities and Exchange Commission.

Adding Security and Flexibility to MQTT

The Control System Integrators Association (CSIA) recently published a case study titled Adding Security and Flexibility to MQTT in which an implementation of MQTT was made more secure, and at the same time more flexible, using Skkynet’s DataHub technology.

In a large wood processing plant in North America, managers had planned a data collection and integration system to cut production costs, improve output and enhance network security. However, their chosen protocol, MQTT, did not provide sufficient security and flexibility. The project depended on connecting multiple MQTT inputs to a single MQTT broker in the cloud, while also allowing plant personnel to consolidate, log, and analyze the data along the way. And they had to keep the production system secure behind a DMZ.

No conventional MQTT broker could do all that. Bit they found that DataHub software, with its MQTT Smart Broker, logging, tunnelling, and other features was well suited to the task.