Skkynet to Present Metso Case Study at IoT Industrial Show in Toronto

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C-Level executives will learn how secure, real-time remote access by Industrial IoT can cut travel costs, optimize manpower, and increase profits.

Mississauga, Ontario, May 24, 2016 – Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB:SKKY), a global leader in real-time cloud information systems, will present a case study, “Metso Halves Project Development Time with Skkynet’s IIoT Solution,” at the IoT Industrial show, to be held in Toronto June 21-22, 2016. The case study shows how Metso was able to cut their project development time in half, and increase customer satisfaction by using Skkynet’s SkkyHub™ real-time IIoT solution.

As reported in the study, Metso developers were able to work from their head office in France to customize and implement OCS-4D© (Metso’s mineral processing expert system) rather than travelling to the operations in the Middle East. By leveraging the real-time data collection and distribution capabilities of SkkyHub, multiple engineers could work in parallel on GUI, sensor and data modeling, and analysis—all using an exact replica of the live plant. This allowed them to complete a year-long project in six months.

“SkkyHub was really a nice fit with our system, because we had not been able to do parallel development before,” said Fred Theodore, Senior Engineer, Advanced Process Control, and lead developer. “Normally we have OSC-4D© running, but two people cannot be connected at the same time, and can’t develop their applications simultaneously on the same computer. The fact that the real-time data source was available to several people at the same time was a real benefit.”

Skkynet believes this capability will capture the attention of those attending IoT Industrial.  The show brings together C-level executives from the mining, energy, manufacturing, and transport sectors across North America to learn about the challenges and opportunities in the Industrial IoT and Big Data. The motivating factor is an awareness that those who are able to identify and exploit opportunities now will thrive in the coming years, and that it is best to get an early start.

“Metso is at the leading edge of the Industrial IoT,” said Paul Thomas, President of Skkynet. “Accessing IIoT data in real time, they were able to optimize their manpower and cut costs at all stages of the project—from development to deployment.  Their in-house replica of the project can receive live process data from the mine via SkkyHub, which can be used for ongoing remote maintenance or big-data analytics.”

Read the full case study at http://skkynet.com/case-studies/.

About SkkyHub and DataHub

Skkynet’s SkkyHub™ service allows industrial and embedded systems to securely network live data in real time from any location. It enables bidirectional supervisory control, integration and sharing of data with multiple users, and real-time access to selected data sets in a web browser. The service is capable of handling over 50,000 data changes per second per client, at speeds of just microseconds over Internet latency. Secure by design, it requires no VPN, no open firewall ports, no special programming, and no additional hardware.

Skkynet’s Cogent DataHub® industrial middleware solution connects to SkkyHub, as well as virtually any industrial system, using standard protocols such as OPC, Modbus, TCP, and ODBC to support OPC networking, server-server bridging, aggregation, data logging, redundancy, and web-based HMI. Through an OEM agreement between Skkynet and Metso, the DataHub has been integrated into Metso’s OCS-4D© product, and renamed “OCS-4D© DataLink”.

About OCS-4D©

OCS-4D© is a software solution from Metso used for Advanced Process Control (APC), including embedded expert systems with fuzzy logic, modeling and optimizing modules (MPC), vision and acoustics analysis algorithms―for mineral processing plants (crushing, grinding, flotation, dewatering, pyro metallurgy, etc.).

About Metso

Metso is a world leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries, with products ranging from mining and aggregates processing equipment and systems to industrial valves and controls, providing a broad scope of services and a global network of over 80 service centers and about 6,400 services professionals.

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 http://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. We assume no obligation to update the forward-looking statements. Although we believe 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 our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Skkynet Industrial IoT Solutions Shown at Japan IT Week

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Three Skkynet partners demonstrate remote monitoring, building management, data collection, and custom control systems at Japan IT Week, using Skkynet technologies.

Mississauga, Ontario, May 11, 2016 – Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB:SKKY), a global leader in real-time cloud information systems, announces that its SkkyHub™ cloud service, DataHub® industrial real-time middleware,WebView™ web-based HMI and Embedded Toolkit will be used to provide data connectivity for demos by partners BellChild Ltd., TOA Musendenki Co., Ltd, and Nissin Systems Co., Ltd at the IoT/M2M EXPO of the Japan IT Week exhibition in Tokyo from May 11-13.

TOA Musendenki will display a remote monitoring solution, connecting motors and sensors to Skkynet’s WebView web-based HMI, using low-power radio wireless from EnOcean devices, as well as a demo of using a wireless sensor network board from TecStar (division of Macnica, Inc.) to show sensor data in real time. (Booth West2-60) Working with Oki Electric Industry Co., Ltd., TOA will also display building management solutions using 920MHz wireless communication module and environment sensors. (Booth West1-34)

BellChild will demonstrate remote monitoring of anemometer data, displayed on WebView, using a Red Lion Sixnet® RAM® cellular RTU running the ETK, connecting via the iBRESS Secure Micro Cloud Service (powered by DataHub).  BellChild will also demonstrate connectivity to the iBRESS Secure Micro Cloud Service from compatible devices using variety of industrial communication protocols such as OPC-UA, Modbus and EtherCAT. (Booth West2-60)

Nissin Systems will exhibit customizable monitoring and control User Interface solutions using Skkynet’s DataHub for individual customers who want to monitor and control data for analysis of embedded databases and Energy Management Systems (EMS). Nissin will also show a wide variety of applications for wireless communication technology and sensor network technology for IoT/M2M systems. (Booth West3-46)

“These exhibits by our partners at Japan IT Week demonstrate the broad range of Skkynet’s end-to-end solutions for the Industrial IoT,” said Paul Thomas, President of Skkynet. “The variety of systems they are using shows how well Skkynet technology applies to a wide diversity IoT and M2M project requirements.”

Skkynet’s SkkyHub service allows industrial and embedded systems to securely network live data in real time from any location. It enables bidirectional supervisory control, integration and sharing of data with multiple users, and real-time access to selected data sets in a web browser. The service is capable of handling over 50,000 data changes per second per client, at speeds of just microseconds over Internet latency. Secure by design, it requires no VPN, no open firewall ports, no special programming, and no additional hardware.

Skkynet’s Cogent DataHub industrial middleware solution connects to virtually any industrial system using standard protocols such as OPC, Modbus, TCP, and ODBC to support OPC networking, server-server bridging, aggregation, data logging, redundancy, and web-based HMI. The Skkynet Embedded Toolkit (ETK) allows embedded devices to make a secure connection to the Internet of Things, enabling real-time, bidirectional data flow and edge computing using a built-in scripting language.

About Skkynet Cloud Systems, Inc.

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. Customers include Microsoft, Caterpillar, Siemens, Metso, ABB, Honeywell, IBM, GE, Statoil, Goodyear, BASF, E.ON, Bombardier, and the Bank of Canada. For more information, see http://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. We assume no obligation to update the forward-looking statements. Although we believe 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 our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Skkynet to Showcase Complete Industrial IoT Solution for Top Manufacturing Executives

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Manufacturing and control system executives to receive hands-on demos of Skkynet’s IoT technology.

Mississauga, Ontario, March 30, 2016 – Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB:SKKY), a global leader in real-time cloud information systems, will present and demonstrate its fully integrated SkkyHub™ service, DataHub® industrial middleware, and Skkynet ETK at the North American Manufacturing Excellence Summit (NAMES) on April 5-6 in Chicago, and at the Control System Integrators Association (CSIA) 2015 Executive Conference on April 19-22 in Puerto Rico.

“The top decision-makers and leaders in manufacturing and industrial automation attending these events are looking for ways to gain a competitive edge,” said Paul Thomas, President of Skkynet. “What they will find in our demos is an end-to-end solution that they can connect to new or existing systems, and immediately start reaping the benefits of the Industrial IoT (Internet of Things).”

Each of these conferences brings together executives in leading manufacturing and system integration firms, as well as plant managers and supply chain leaders.  At the NAMES summit, managers and leaders from GE and John Deere will be discussing the Industrial IoT, and how it offers a competitive edge for manufacturers.  At the CSIA event, presidents and managers of system integration companies will meet to pool their experience and catch up on the latest methods and technologies for industrial automation and control.

Skkynet’s contribution to these gatherings is to demonstrate the complete solution offered by using the DataHub with in-plant systems and the Skkynet ETK with embedded devices to connect to the SkkyHub service.  This approach to the Industrial IoT offers a secure, robust, end-to-end solution for remote monitoring and supervisory process control.  The integration of both in-plant and field device connections allows plant engineers and system integrators to bridge the gap between industrial control systems and the Internet of Things (IoT).

Skkynet’s SkkyHub service allows industrial and embedded systems to securely network live data in real time from any location. It enables bidirectional supervisory control, integration and sharing of data with multiple users, and real-time access to selected data sets in a web browser. The service is capable of handling over 50,000 data changes per second per client, at speeds of just microseconds over Internet latency. Secure by design, it requires no VPN, no open firewall ports, no special programming, and no additional hardware.

Skkynet’s Cogent DataHub industrial middleware solution connects to virtually any industrial system using standard protocols such as OPC, Modbus, TCP, and ODBC to support OPC networking, server-server bridging, aggregation, data logging, redundancy, and web-based HMI. The Skkynet Embedded Toolkit (ETK) allows embedded devices to make a secure connection to the Internet of Things, enabling real-time, bidirectional data flow and edge computing using a built-in scripting language.

About Skkynet Cloud Systems, Inc.

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. Customers include Microsoft, Caterpillar, Siemens, Metso, ABB, Honeywell, IBM, GE, Statoil, Goodyear, BASF, E.ON, Bombardier, and the Bank of Canada. For more information, see http://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. We assume no obligation to update the forward-looking statements. Although we believe 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 our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Skkynet’s ETK for the Renesas Synergy™ Platform Now Available at No Cost

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Engineers and developers using the Renesas Synergy Platform can now connect their projects to the Industrial IoT quickly, securely, and free of any royalty or development license fees.

Mississauga, Ontario, February 2, 2016 – Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB:SKKY), a global leader in real-time cloud information systems, announces that Skkynet’s ETK (Embedded Toolkit) for the Renesas Synergy™ Platform is now available for download from the Renesas Synergy Gallery, as part of the Renesas Synergy Verified Software Add-on (VSA) Program. The ETK is offered by Skkynet free of any royalty or development-license fees, allowing engineers and developers to quickly and securely enable their projects for the IoT, while providing a platform to earn a recurring revenue stream.

“Using the ETK gets Renesas Synergy developers up and running on the IoT right away on a robust, secure, end-to-end system” said Paul Thomas, President of Skkynet. “They can send data from their project to our SkkyHub™ service and view their data in a web browser, or link to other devices. They can also connect via the ETK to our DataHub® industrial middleware, and link their project to virtually any in-plant industrial system.”

Last month Renesas announced the mass production of the Renesas Synergy Platform, which is an integration of qualified software, scalable microcontrollers (MCUs), hardware solutions and tools designed to reduce development time, lower the total cost of ownership, and eliminate obstacles that engineers face when developing products for the IoT.  The Renesas Synergy VSA Program was launched as a way to broaden the value of the Synergy Platform and give customers access to specialized software like Skkynet’s ETK that is already verified as compatible with the Synergy Software Package (SSP).

Skkynet’s SkkyHub service allows industrial and embedded systems to securely network live data in real time from any location. It enables bidirectional supervisory control, integration and sharing of data with multiple users, and real-time access to selected data sets in a web browser. The service is capable of handling over 50,000 data changes per second per client, at speeds of just microseconds over Internet latency. Secure by design, it requires no VPN, no open firewall ports, no special programming, and no additional hardware.

Skkynet’s Cogent DataHub industrial middleware solution connects to virtually any industrial system using standard protocols such as OPC, Modbus, TCP, and ODBC to support OPC networking, server-server bridging, aggregation, data logging, redundancy, and web-based HMI.

The ETK, DataHub, and SkkyHub will be demonstrated live by Renesas at ATX West 2016 in Anaheim, California February 9-11, 2016 (Hall B, Booth #4594), as well as at the Nineteenth Annual ARC Industry Forum, “Industry in Transition: Navigating the New Age of Innovation” in Orlando, Florida, February 8-11, 2016, hosted by the Arc Advisory Group.

About Skkynet Cloud Systems, Inc.

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 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. Customers include Microsoft, Caterpillar, Siemens, Metso, ABB, Honeywell, IBM, GE, Statoil, Goodyear, BASF, E.ON, Bombardier, and the Bank of Canada. For more information, see http://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. We assume no obligation to update the forward-looking statements. Although we believe 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 our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Skkynet to Demo Complete Industrial IoT Solution at ARC Industry Forum in Orlando

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Secure, fully integrated, end-to-end solution takes the Industrial Internet of Things far beyond the hype stage.

Mississauga, Ontario, January 19, 2016 – Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB:SKKY), a global leader in real-time cloud information systems, will demonstrate its end-to-end Industrial IoT solution—including the SkkyHub™ service, DataHub® industrial middleware, and Embedded Toolkit—at the Nineteenth Annual ARC Industry Forum, “Industry in Transition: Navigating the New Age of Innovation” in Orlando, Florida, February 8-11, 2016, hosted by the Arc Advisory Group.

According to ARC Industry Forum organizers, concepts such as Industrial Internet of Things (IIoT), Smart Manufacturing, Industrie 4.0, Digitization, and Connected Enterprise are “clearly moving past the hype stage to the point where real solutions are emerging backed by strong associated business cases.”

“Skkynet will demonstrate a secure, hands-on, end-to-end Industrial IoT solution that works right out of the box,” said Paul Thomas, President of Skkynet. “Now anyone can safely send data from their remote device to our SkkyHub service, and view their data in a web browser. Or they can securely connect an industrial system via our Cogent DataHub, and do remote monitoring and supervisory control from anywhere in the world.”

Skkynet’s SkkyHub service allows industrial and embedded systems to securely network live data in real time from any location. It enables bidirectional supervisory control, integration and sharing of data with multiple users, and real-time access to selected data sets in a web browser. The service is capable of handling over 50,000 data changes per second per client, at speeds of just microseconds over Internet latency. Secure by design, it requires no VPN, no open firewall ports, no special programming, and no additional hardware.

With Skkynet’s Embedded Toolkit, SkkyHub can connect to remote devices through gateways from Red Lion, Advantech B+B SmartWorx, NetComm, or SysLINK, or directly to Renesas Synergy embedded chips. Linked to Skkynet’s DataHub industrial middleware, SkkyHub can securely connect to virtually any industrial system using standard protocols such as OPC, Modbus, TCP, and ODBC.

“While some companies are just now waking up to the potential of the Industrial IoT, Skkynet and its subsidiaries have been active in the field of secure, real-time industrial data communications for over a decade,” said Mr. Thomas. “Our products and services are working in hundreds of mission-critical systems worldwide.”

About Skkynet Cloud Systems, Inc.

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 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. Customers include Microsoft, Siemens, Metso, ABB, Honeywell, IBM, GE, Statoil, Goodyear, BASF, Cadbury Chocolate, and the Bank of Canada. For more information, see http://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. We assume no obligation to update the forward-looking statements. Although we believe 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 our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Skkynet Technology Featured at SCF 2015 in Tokyo

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System Control Fair (SCF) exhibits by members of the ThunderCloud Alliance will use Skkynet’s DataHub® and WebView™ technologies for data connectivity and display.

Mississauga, Ontario, December 1, 2015 – Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTCQB:SKKY), a global leader in real-time cloud information systems, reports that its Cogent DataHub® real-time middleware and WebView™ web-based HMI will be used in exhibits by members of the ThunderCloud Alliance (関西積乱雲プロジェクト) to demonstrate automation solutions at SCF 2015 on December 2-4, 2015 in Tokyo, Japan. Hardware and software demonstrations by Alliance members at booth S4-23 in West Hall 3 will show a variety of real-time data access and supervisory control applications powered by DataHub and WebView technology.

SCF is Japan’s largest industrial control event, showcasing cutting edge technologies in manufacturing and automation. The theme of this year’s show, “The 4th Industrial Revolution?Getting Connected,” considers the impact of globalization and economics on manufacturing and the movement towards transforming industrial production into a service, through the benefit of IT and the Internet of Things (IoT). The show’s organizers have established an Open Network Zone in which the latest hardware, technology, and services will be displayed.

“The exhibits by members of the ThunderCloud Alliance showcase the broad range of Skkynet’s end-to-end solutions for the Industrial IoT,” said Paul Thomas, President of Skkynet. “Real-time data from industrial equipment, embedded boards and other devices running at the members’ stations will be fed to live WebView displays, using either a Cogent DataHub running locally on their systems or BellChild’s iBRESS Secure Micro Cloud that provides DataHub connectivity as a secure, cloud-based service.”

The ThunderCloud Alliance was formed by Skkynet in December 2013 to provide a turn-key, real-time sensor-to-cloud service for the industrial M2M (Machine to Machine) market. Working in close association with TOA Musendenki, Nissin Systems, BellChild, NiC, KOBATA Gauge, Puerto Co., and Direx, Skkynet’s role is to furnish the real-time data connectivity technology necessary to make cloud-based M2M communication and the Industrial IoT a reality.

About Skkynet Cloud Systems, Inc.

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 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. Customers include Microsoft, Siemens, Metso, ABB, Honeywell, IBM, GE, Statoil, Goodyear, BASF, Cadbury Chocolate, and the Bank of Canada. For more information, see http://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. We assume no obligation to update the forward-looking statements. Although we believe 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 our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.