Skkynet Announces Year-End 2018 Financial Results and Corporate Update

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Increased sales and cash flow result in strong cash position for future growth.

Mississauga, Ontario, February 14, 2019 – Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB: SKKY) is pleased to announce its and year-end operating and financial results for the period ended October 31, 2018.  The Company reported record sales of $1,466,142 for the year, an increase of $130,096.  Although the Company recorded a net loss of $490,843 due to non-cash items, cash flows from operations increased to $122,534 from $31,697 in the previous year, resulting in a strong cash position for future growth.

“Skkynet’s 2018 results positions us to accelerate growth in the coming year,” stated Andrew Thomas, CEO.  “We look to 2019 for continuing our growth through expanded distribution and a continued strong financial position”.

Highlights of the past fiscal year include:

  • Skkynet became an AVEVA technology partner. On March 1, 2018, AVEVA Group plc combined with Schneider Electric’s industrial software business to create one of the world’s largest end-to-end industrial software portfolio and partner network.
  • Skkynet opened the OPC UA Lab in Yokohama, Japan. With the support of partners BellChild Co. Ltd. and Puerto Co., Skkynet’s OPC UA Lab provides testing, development, and advisory services for users and vendors of OPC UA-enabled hardware and software.  Additionally, Skkynet Japan website was released: https://skkynet.jp.
  • Skkynet’s software became available directly from the AVEVA Digital Exchange, which is the first industrial marketplace to unite end users with solution providers to drive digital transformation across the complete operations and asset management value chain.
  • Throughout the year Skkynet developed new capabilities to the DataHub software, including MQTT for broader Industrial IoT connectivity. Over 100 partners participated in the beta testing program prior to the final release of DataHub Version 9 this year.

“With the AVEVA partnership in place, increased activity in Japan, and the release of DataHub Version 9, we are poised to make a significant impact on the industrial data communications market in 2019, particularly in the areas of IIoT, Industrie 4.0, and digital transformation,” said Paul Thomas, President of Skkynet.

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, they require 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, see https://skkynet.com.

For full financial results, please visit: https://skkynet.com/investors/financials/

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. For more information, see https://skkynet.com.

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.

Food Processing Plants Look to IIoT to Stay Competitive

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A recent article in Food Engineering collected insights and opinions from executives at a number of industrial automation and control companies regarding how IIoT, Industrie 4.0 and digitization of the plant floor will play out in the area of food and beverage manufacturing.

The shared view was that these new initiatives are worth pursuing in food processing, as long as they are balanced with caution and good judgement. The article said, “While no one interviewed would suggest that a food or beverage manufacturer convert all its manufacturing software systems to an industrial internet of things (IIoT) platform in one fell swoop, many would suggest that to remain competitive in a fast-changing consumer product environment, it wouldn’t be a bad idea—for those that haven’t already done so—to embark on the ‘digitalization journey’ now.”

Skkynet’s contribution to the conversation focused on the value of connecting real-time production data to management, and what that might look like in the context of food processing. We also shared our thoughts on a number of other topics, such as the value of secure-by-design data communications, but these were outside the scope of the final published article.

Skkynet Presents DataHub at AVEVA World Summit 2018

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Corporate leaders will see and learn the advantages of high-quality data communications for digital transformation.

Mississauga, Ontario, October 2, 2018 – Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB: SKKY), a global leader in real-time data communication for industrial systems, will be presenting DataHub software at the AVEVA World Summit 2018 in Palm Springs, California, on October 9 to 11.  Available on the AVEVA Digital Exchange, and offering unparalleled real-time data connectivity options for AVEVA customers, DataHub software provides a proven, secure way to integrate in-plant and remote systems into a wide range of digital transformation scenarios.

“AVEVA’s strategic roadmap for digital transformation naturally benefits from secure, robust data communications,” said Paul Thomas, President of Skkynet. “Forward-thinking executives who rely on AVEVA software and services will appreciate the value that the DataHub offers for integrating real-time data in the plant, connecting OT (operations technology) to IT, accessing remote locations, or leveraging cloud services.”

The AVEVA World Summit 2018 provides CEOs, CIOs, Innovation Officers, EVPs, SVPs and other leaders an opportunity to hear about innovative practices and to see for themselves how digital technology is transforming assets and operations. The Summit will include cutting edge discussions, networking opportunities and the chance to get hands on with the latest technology.

At the Skkynet booth, live demonstrations of DataHub technology will give these corporate leaders a practical vision of how to securely and seamlessly integrate data from their production systems with the rest of their corporate systems, to increase efficiencies and build competitiveness.

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, they require 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.

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.  For more information, see https://skkynet.com.

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 Software Now Available on AVEVA Digital Exchange

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AVEVA customers can now access DataHub software through the AVEVA Digital Exchange.

Mississauga, Ontario, September 11, 2018 – Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB: SKKY), a global leader in real-time data communication for industrial systems, announces that the latest version of the DataHub is now available on the AVEVA Digital Exchange.  Offering unparalleled real-time data connectivity options for AVEVA customers, DataHub software provides a proven, secure way for them to integrate their systems in-plant, and seamlessly into Industrial IoT and Industrie 4.0 as well.

“The Digital Exchange is the ideal collaborative venue for the DataHub,” said Paul Thomas, President of Skkynet. “Forward-thinking AVEVA users are sure to recognize the value of secure data communication for their digital transformation scenarios, be they for integrating real-time data in the plant, connecting OT (operations technology) to IT, accessing remote locations, or leveraging cloud services.”

The AVEVA Digital Exchange is the first industrial marketplace to unite end users with solution providers to drive digital transformation across the complete operations and asset management value chain.

Having the DataHub on the Digital Exchange gives AVEVA users access to a robust and secure way to integrate their production data among and between the most popular industrial protocols, such as OPC, Modbus, ODBC and TCP. With the upcoming release of Version 9 of the DataHub, new Industrial IoT gateway functionality will be added.  This will give AVEVA users the ability to implement in-plant, cloud-based and hybrid systems conveniently and securely.

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, they require 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.

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. For more information, see https://skkynet.com.

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 Demos Latest DataHub at AVEVA Conference in Texas

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Automation professionals see how to optimize AVEVA software for digital transformation scenarios, using DataHub.

Mississauga, Ontario, September 5, 2018 – Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB: SKKY), a global leader in real-time data communication for industrial systems, announces that the latest version of the DataHub will be demonstrated at the AVEVA World Conference North America in Dallas, Texas, from September 10 -13.  The new DataHub provides unparalleled real-time data connectivity options for AVEVA software, meeting the needs of AVEVA users and dovetailing with the conference theme: “Your Digital Transformation: An Execution Roadmap.”

“We look forward to meeting process experts and automation professionals from all industries who are interested in connected technology,” said Paul Thomas, President of Skkynet. “The latest version of the DataHub provides seamless integration between real-time data in the plant, remote locations, and cloud services.”

The AVEVA World Conference North America is AVEVA’s first combined event in the North American region, bringing together executives, managers and engineers involved in process automation and system integration, allowing them to take advantage of game-changing technology sessions from AVEVA and familiar products and technologies powered by Avantis, LFM, SimSci and Wonderware.

Skkynet’s demo at the conference will show how the DataHub can be used to leverage existing and future investments in Wonderware InTouch and other AVEVA software for the IIoT and Industrie 4.0, by enabling secure, real-time connections between plants, from OT (operations technology) to IT, and among remote systems.  With new MQTT client and broker support the DataHub can also connect AVEVA-based systems to cloud services from providers like AWS, Microsoft, Google, IBM, GE, Cisco, Oracle, and others.

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, they require 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.

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. For more information, see https://skkynet.com.

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 Opens OPC UA Lab in Yokohama

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Hardware and software vendors and users now have a facility for testing OPC UA products.

Mississauga, Ontario, July 12, 2018 – Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB: SKKY), a global leader in real-time cloud information systems, announces the opening of the Skkynet UA Lab in Yokohama, Japan.  Working in close cooperation with Skkynet partner BellChild and OPC development company Puerto Co., the Skkynet UA Lab will provide testing, development, and advisory services for users and vendors of OPC UA-enabled hardware and software.

“We are pleased to offer this center of excellence to the OPC UA community in Japan and worldwide,” said Paul Thomas, President of Skkynet.  “OPC UA is a robust and secure industrial protocol, and we expect to see a steady increase in implementations.”

The Skkynet UA Lab offers three kinds of support for its clients.  For developers who need to test OPC UA projects, the UA Lab provides powerful OPC UA servers with a large assortment of evaluation software.  For vendors who have a product on the market, the UA Lab offers an interoperability test environment, allowing each vendor’s product to connect with and test against all other vendors’ products.  In addition to these, the UA Lab has inaugurated its Worldwide OPC UA Network DEvelopment and Research (WONDER) program to test various ways of connecting OPC UA.  These include testing on untrusted networks using push technologies, utilzing proxy-enabled DMZs, tunnelling through firewalls, and incorporating the OPC UA Pub/Sub specification when those implementations become available.

“OPC UA is a sophisticated protocol, demanding much attention to detail,” said Minoru Yamazaki, advisor to Skkynet Japan and project organizer.  “Real-world experience is the ultimate evaluation criteria, and we are grateful for the support we have been receiving from a number of OPC UA product distributors, including MOXA, Contec, Comtrol, and Hi-Flying, as well as BellChild, and Puerto.”

Skkynet’s DataHub middleware, SkkyHub service, and ETK provide secure access to industrial data through OPC UA and other protocols, allowing users to fully integrate OT (operations technology) with IT systems and other applications anywhere in the world. Secure by design, it 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.

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®, WebView™, 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. For more information, see https://skkynet.com.

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.