Validian Corp (OTCMKTS:VLDI) was moving down steadily in recent trading. The stock popped earlier this year topping out at $0.06 a share.
VLDI was founded in 2008 as American Group, Inc. before changing their name to Global Science Corp in 99 and Sochrys.com until February 2003 when they changed their name to Validian Corp.
Validian Corp (OTCMKTS:VLDI) bills itself as a leading innovator in cyber security technology that provides secure access, retrieval, transfer, receipt and storage of digital information on mobile and non-mobile devices, servers, data bases and memory both at rest and in transit using wired, wireless and mobile networks.
Validian technology enables the next generation of secure Mobile Messaging and Communications, Cloud Computing, Cloud Storage, Distributed Computing and Web Application and WebPortal Access and Usage for desktop & laptop computers, servers, tablets and SmartPhones.
The Company provides solutions that can be customized to the client’s business process to ensure end-to-end authenticity, integrity and custody of high value digital assets.
Earlier this year VLDI announced its partnership with Requiem Software Labs Texas, Inc. to collaborate with major companies in the mobile sector to develop secure mobile applications for the government, business and consumer markets.
“We are excited by the potential of Validian’s technology to fuel the rapid development, deployment and management of large numbers of secure mobile and non-mobile applications, which can drive both the sales of specific mobile operating systems and makes of smart mobile devices and the growth of mobile advertising revenue of Validian’s partners,” commented Colin Woodworth, President & CEO of Requiem Software.
Also this year VLDI joined the EDGE® Innovation Network, a collaborative, open-environment initiative enabling industry and academia, with government input, to work together to enhance the delivery cycle of new technologies and innovative capabilities to military personnel, law enforcement and first responders.
CEO Bruce Benn said “Validian is excited to be joining the EDGE Innovation Network. The collaboration with the members of the EDGE Innovation Network will be invaluable to the evolution of our Information Policy Management Platform (IPMP) security solution which enables government customers to control their critical information and crypto polices.”
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Back in August VLDI announced its partnership with Solana Networks Inc. for the development, deployment and support of Validian-enabled secure mobile and non-mobile solutions and applications for the government, defense, business and consumer markets.
“We have developed expertise, experience and familiarity regarding Validian’s technology during the past 2 years and we see excellent potential in the capabilities that Validian can provide. Its mobile and non-mobile solutions benefit government, business and consumer users,” commented Nabil Seddigh, President of Solana Networks Inc.
On December 13 VLDI announced that an Independent Software Vendor (“ISV”) has licensed the ValidianProtect Application & Data Protection Platform and Data Protection Module, which are to be integrated into the ISV’s new mobile secure money transfer & payment app. As a result, Validian has received an initial payment of $75,000 in Q4 2016. Validian also is positioned to earn another $75,000 on completion and acceptance of the integration as well as ongoing additional revenue as the number of Validian-enabled endpoints is expected to grow through the deployment of the ISV’s app to the end users of its banking and enterprise customers.
“Our new customer is developing a next generation mobile secure money transfer and payment app for domestic and international deployment to the end users of its banking and enterprise customers. Its integration with the core banking systems and data bases of its banking partners gives Validian key insight to the back end of the banking system.,” commented Bruce Benn, Chief Executive Officer of Validian. “The banking and finance sectors continue to seek enhanced cyber security and privacy for their consumer end users particularly in mobile banking. Validian provides cyber security and privacy features that solve current security and privacy issues in the mobile banking world for the complete life cycle of data, which are not achievable by combinations of other cyber security technologies and solutions. We believe this ISV’s app will be a great showcase of Validian’s technology that helps drive adoption of Validian’s technology in the banking sector.”
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Currently trading at a $13.54 million total market valuation VLDI has minimal assets or revenues and a huge debt problem of $10 million in liabilities that can and will lead to massive dilution. The long thesis on VLDI cites the Companies numerous new partnerships, developments and successful tests as future drivers. We will be updating on VLDI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with VLDI.
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Disclosure: we hold no position in VLDI either long or short and we have not been compensated for this article.