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EX-10.18 - MATERIAL CONTRACTS - VISIUM TECHNOLOGIES, INC. | ex_10-18.htm |
8-K - FORM 8K - VISIUM TECHNOLOGIES, INC. | form_8k.htm |
VISIUM TECHNOLOGIES OBTAINS EXCLUSIVE
LICENSE RIGHTS TO ITS CYBERSECURITY TECHNOLOGY
Company amends existing licensing agreement with MITRE
FAIRFAX,
VA, May 13, 2020 (ACCESSWIRE) –Visium Technologies, Inc.
(“Visium” or the “Company”) (OTCPINK:
VISM), a provider of real-time cybersecurity context and
visualization technologies, today announced that its wholly owned
subsidiary, Visium Analytics, LLC, has entered into an agreement
amending its existing licensing agreement with The MITRE
Corporation to provide the Company with the exclusive license
rights to CyGraph®, a
patented cybersecurity application.
Mark
Lucky, Visium’s CEO, commented, “Having the exclusive
rights to develop and commercialize Cygraph® is a strong
endorsement by MITRE of Visium’s ability to achieve great
success in commercializing this technology. Security is undergoing
a fundamental transition and CyGraph® provides
machine learning acceleration, advanced cyber hunting, forensics,
incident response and analytics that greatly enhances the security
posture of the enterprise, while also creating greater efficiencies
and cost savings. CyGraph® simplifies
cybersecurity by visualizing the network security posture before
and during an attack with Visium’s TrueContexttm technology –
delivering an intuitive situational picture of the enterprise. We
are well underway with our commercialization efforts, and in
addition to our key technology partnership with Nutanix, we have
been diligently working on several additional business development
and partnership opportunities that we expect to finalize in the
coming weeks.
“CyGraph
is currently available as an on-premises security solution and will
soon be available as a cloud-based SaaS platform. In addition,
Cygraph® will be
available within the Nutanix Marketplace in the coming
weeks.”
Barry Costa, MITRE’s Director of Licensing, said, “The
impact of MITRE’s intellectual property is often best
realized when it is brought to market by commercial companies like
Visium. Not only does technology transfer support the economic
growth of the United States; it also allows our U.S. government
sponsors the opportunity to purchase supported products with
federally-funded intellectual property inside.”
About MITRE
For a half century, MITRE has worked as a strategic partner to
federal agencies to solve hard problems in cybersecurity. MITRE's
mission-driven teams are dedicated to solving problems for a safer
world. Through public-private partnerships, as well as the
operation of federally funded R&D centers, we work across
government to tackle challenges to the safety, stability, and
well-being of our nation.
About Visium Technologies, Inc.
Visium
Technologies, Inc. (OTC: VISM) is a Florida corporation based in
Fairfax, Virginia, focused on global cybersecurity clarity, machine
learning, advancing technology and automating services to support
enterprises in protecting their most valuable assets - their data,
business applications, and IoT on their networks and in the
cloud.
For
more information please visit www.visiumtechnologies.com
Safe Harbor Statement: This press release contains certain
forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These statements are identified by the use of the words
“could,” “believe,”
“anticipate,” “intend,”
“estimate,” “expect,” “may,”
“continue,” “predict,”
“potential,” “project” and similar
expressions that are intended to identify forward-looking
statements. All forward-looking statements speak only as of the
date of this press release. You should not place undue reliance on
these forward-looking statements. Although we believe that our
plans, objectives, expectations and intentions reflected in or
suggested by the forward-looking statements are reasonable, we can
give no assurance that these plans, objectives, expectations or
intentions will be achieved. Forward-looking statements involve
significant risks and uncertainties (some of which are beyond our
control) and assumptions that could cause actual results to differ
materially from historical experience and present expectations or
projections. Actual results could differ materially from those in
the forward-looking statements and the trading price for our common
stock may fluctuate significantly. Forward-looking statements also
are affected by the risk factors described in the Company’s
filings with the U.S. Securities and Exchange Commission. Except as
required by law, we undertake no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which
the statements are made or to reflect the occurrence of
unanticipated events.
Contact:
Visium
Technologies, Inc.
Corporate:
Mark Lucky, Chief Executive Officer
mlucky@visiumtechnologies.com
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Corporate
Office:
4094
Majestic Lane Suite 360
Fairfax,
VA 22033
Phone:
703-225-3443
Investor
Relations:
Peter
Nicosia
Bull in
Advantage, LLC
Phone:
585-703-6565
Email:
Info@BlueHorseshoeStocks.com