Skkynet Launches Skkynet DataHub® service for Microsoft Azure

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

Mississauga, Ontario, November 30, 2021 – Skkynet 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.

Skkynet Announces Strong Q3 2021 Financial Results

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Increased sales result in 57% revenue growth for another record-setting quarter

Mississauga, Ontario, September 14, 2021 – Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB: SKKY) is pleased to announce its quarter-end operating and financial results for the period ended July 31, 2021.  The Company reported a record third quarter revenue of $497,375 compared to $316,918 for the same period in 2020, which marks a 57% growth in sales.  Net loss from operations for the 3-month period was $15,490 compared to a net loss of $60,784 for the same period in 2020.  The Company reported a record nine month revenue total of $1,383,414 compared to $1,155,443 for the same period in 2020, which is a 20% growth in sales.

“Skkynet’s Q3 2021 results are in line with our expectations, and positive revenue growth trend continues.  We also continue to maintain a robust cash position for further growth in the foreseeable future,” stated Andrew Thomas, CEO.  “We maintain our positive outlook for the remainder of 2021, and we expect an excellent 2022 in line with previous guidance; we expect to accelerate our growth through the remainder of the year due to increased demand for remote access to data in the industrial sector in response to the pandemic, and for the rest of the decade to meet regulatory and corporate mandates for secure access to critical infrastructure.”

“Skkynet’s new product portfolio is attracting a new class of customer: large enterprises with numerous remote locations requiring data connectivity,” said Paul Thomas, President of Skkynet.  “We deliver secure, remote data with novel store-and-forward capabilities that are being very well-received in industry.  We are now seeing steadily increasing demand for such data access capabilities.”

Skkynet’s products and services—DataHub for in-plant, SkkyHub for cloud, 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 Industrie 4.0.  For more information, visit: https://skkynet.com/investors/

About Skkynet

Skkynet Cloud Systems, Inc. (OTCQB: SKKY) is a global leader in real-time cloud information systems. The Skkynet Connected Systems platform includes the award-winning SkkyHub™ service, DataHub® middleware, 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, SkkyHub 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 Strong Q2 2021 Financial Results

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Increased sales result in 6.9% revenue growth for record-setting quarter

Mississauga, Ontario, June 16, 2021 – Skkynet 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, 2021.  The Company reported a record second quarter revenue of US$447,972 compared to $419,043 for the same period in 2020, which marks a 6.9% growth in sales.  Income from operations for the 3-month period was $18,137 compared to $5,866 for the same period in 2020.

“As we expected, Skkynet’s Q2 2021 results continues our positive revenue growth trend.  We maintain a robust cash position for further growth in 2021,” stated Andrew Thomas, CEO.  “The outlook for 2021 continues to be excellent; we remain positive and expect to accelerate our growth through the remainder of the year due to regulatory and corporate mandates for secure access to industrial data in response to the pandemic.”

“With new, patent-pending innovations, we are excited for Skkynet’s new product portfolio,” said Paul Thomas, President of Skkynet.  “Leveraging our expertise in secure, remote data, we are introducing new store-and-forward capabilities that the industry has not yet seen.  Skkynet now offers its customers unparalleled secured access to real time and historical data.  We expect demand for such data access capabilities to only increase in the future.”

Skkynet’s products and services—DataHub for in-plant, SkkyHub for cloud, 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 Industrie 4.0.  For more information, visit: https://skkynet.com/investors/

About Skkynet

Skkynet Cloud Systems, Inc. (OTCQB: SKKY) is a global leader in real-time cloud information systems. The Skkynet Connected Systems platform includes the award-winning SkkyHub™ service, DataHub® middleware, 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, SkkyHub 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 Q1 2021 Financial Results and Reiterates Positive Outlook

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Skkynet Announces Q1 2021 Financial Results and Reiterates Positive Outlook

Mississauga, Ontario, March 9, 2021 – Skkynet 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, 2021.  The Company reported a record first quarter revenue of US$438,066 compared to $419,482 for the same period in 2020, which marks a 4.4% growth in sales, all during industry-wide slow-downs due to COVID-19 disruptions.  Loss from operations for the 3-month period was $10,581 compared to a loss of $12,271 for the same period in 2020.

“Skkynet’s Q1 2021 results maintain our positive revenue growth, notable considering the same quarter in 2020 represented 60% growth over the same period in 2019.  We continue to maintain a robust cash position for further growth in 2021,” stated Andrew Thomas, CEO.  “The outlook for 2021 is excellent; we remain positive and expect to accelerate our growth through the remainder of the year due to regulatory and corporate mandates for secure access to industrial data in response to the world-wide pandemic.”

“We have continued to focus on building new partnerships in industry, especially in the Asia region, which has not seen the same slowdown as North America and Europe,” said Paul Thomas, President of Skkynet.  “With our new channel partner in China, Beijing Hongxin Zhaoyang Technology Co., Ltd., we now have sales and support coverage in the largest Asian market, in addition to Servo Dynamics with coverage in Singapore, Taiwan, Philippines, Malaysia, Indonesia, Thailand, Vietnam, Burma, and Cambodia.  We are seeing very strong interest from within the APAC region.”

Skkynet’s products and services—DataHub for in-plant, SkkyHub for cloud, 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 Industrie 4.0.  For more information, visit: https://skkynet.com/investors/

About Skkynet

Skkynet Cloud Systems, Inc. (OTCQB: SKKY) is a global leader in real-time cloud information systems. The Skkynet Connected Systems platform includes the award-winning SkkyHub™ service, DataHub® middleware, 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, SkkyHub 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 2020 Financial Results and Provides Corporate Update

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Increased sales result in 10.2% revenue growth year-over-year, and strong cash position for future growth.

Mississauga, Ontario, February 10, 2021 – Skkynet 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, 2020.  The Company reported a record annual revenue total of $1,506,929 compared to $1,367,448 for the same period in 2019, which is a 10.2% growth in sales. Net loss for the annual period ended October 31, 2020 was $311,333 compared to a net loss of $575,854 for the same period in 2019.

“Skkynet’s 2020 sales continue its upward trend, and our annual results mark another positive milestone in our growth trajectory.  We continue to maintain a strong cash position allowing us to invest in further growth in 2021 and beyond,” stated Andrew Thomas, CEO.  “While our Q4 sales slowed due to the global economic climate, we see early signs of a rebound in the industry, and therefore remain confident in our bullish outlook for growth in 2021, all while maintaining our strong financial position”.

Highlights of the past year include:

  • Became a Certified Technology Partner of AVEVA, to provide secure integration and networking for in-plant, enterprise-wide, and Industrial IoT applications.
  • New channel partners: ISDN Software and Servo Dynamics are subsidiaries of ISDN Holdings Ltd and operate in Singapore, Taiwan, Philippines, Malaysia, Indonesia, Thailand, and Vietnam. Samboo System Corp operates in South Korea.
  • New solution provider partners: Ambyint provides AI and deep data analytics solutions for the oil and gas segment. e-Magic’s TwinWorX digital twin service is a scalable, secure and high availability platform that integrates and normalizes all telemetry data into a single platform.
  • New case studies on secure networking on the 1800 kilometer Trans-Anatolian Natural Gas Pipeline (TANAP) project in Turkey, standardizing connections between air separation units and control systems for Air Liquide in the USA, and cloud-based remote monitoring of medical gas usage in over 20 hospitals in and around Osaka, Japan.
  • Further strengthened intellectual property portfolio; in addition to eight (8) issued U.S. patents across three technologies, two new provisional patents filed on a fourth and pivotal technology for secure store-and-forward.

“2020 was a pivotal year for Skkynet.  The COVID-19 pandemic is having a dramatic impact on the automation industry: a change in priorities from increased efficiencies and lower costs to expanding remote capabilities in a secure manner,” said Paul Thomas, President of Skkynet.  “This change in focus at the C-level is a boon to Skkynet: remote capabilities have become a necessity, not a nice-to-have.  Delivering secure, remote connectivity of industrial data is what we do best.  The paradigm shift is so broad that it was highlighted in a recent Economist article entitled ‘Bearing fruit: After years of dithering companies are embracing automation.’”  A summary of the Economist article is available at the Skkynet blog at https://skkynet.com/embracing-automation-tough-times/

Skkynet’s products and services—DataHub for in-plant, SkkyHub for cloud, 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 Industrie 4.0.  For more information, visit: https://skkynet.com/investors/

About Skkynet

Skkynet Cloud Systems, Inc. (OTCQB: SKKY) is a global leader in real-time cloud information systems. The Skkynet Connected Systems platform includes the award-winning SkkyHub™ service, DataHub® middleware, 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, SkkyHub 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 Q3 2020 Financial Results and New Partners

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Increased sales result in 19% revenue growth year-to-date, and strong cash position for future growth.

Mississauga, Ontario, September 15, 2020 – Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB: SKKY) is pleased to announce its quarter-end operating and financial results for the period ended July 31, 2020.  The Company reported a record nine month revenue total of $1,155,443 compared to $973,400 for the same period in 2019, which is a 19% growth in sales. Net income for the nine month period ended July 31, 2020 was $7,390 compared to a net loss of $477,924 for the same period in 2019.

“Skkynet’s Q3 2020 sales were marginally lower than last year, however our year-to-date results mark another positive milestone in our growth trajectory, and our continued robust cash position allows us to invest in further growth in 2020 and beyond,” stated Andrew Thomas, CEO.  “While a slower Summer season comes as no surprise to us, considering the current economic climate, we are still bullish in our outlook and expect to continue our growth through new partnerships and to maintain a strong financial position”.

“A large part of our growth story is our unrelenting focus on building new partnerships in industry,” said Paul Thomas, President of Skkynet.  “With our new channel partners ISDN Software, Servo Dynamics and Samboo, we now have sales and support coverage throughout all of South-East Asia, which is a strong growth region for us right now.”  ISDN Software and Servo Dynamics are subsidiaries of ISDN Holdings Ltd and operate in Singapore, Taiwan, Philippines, Malaysia, Indonesia, Thailand, and Vietnam.  Samboo System Corp operates in South Korea.

“Additionally, we are partnering with more industry-specific solution providers based on Software-as-a-Service through Microsoft Azure.  Examples are Ambyint’s operation optimization solutions and e-Magic’s TwinWorX digital twin platform.  We continue to see growth in demand for secure remote access to industrial data, and we are well-positioned to service this demand through partnerships such as these,” stated Paul Thomas.  Ambyint provides AI and deep data analytics solutions for the oil and gas segment.  e-Magic’s TwinWorX digital twin service is a scalable, secure and high availability platform that integrates and normalizes all telemetry data into a single platform.

Skkynet’s products and services—DataHub for in-plant, SkkyHub for cloud, 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 Industrie 4.0.  For more information, visit: https://skkynet.com/investors/

About Skkynet

Skkynet Cloud Systems, Inc. (OTCQB: SKKY) is a global leader in real-time cloud information systems. The Skkynet Connected Systems platform includes the award-winning SkkyHub™ service, DataHub® middleware, 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, SkkyHub 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.