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Good point.
This just makes SideChannel even more legitimate.
#thetruththewholetruthnothingbutthetruth
SideChannel, Inc. Expands Board of Directors to Six Members
Thursday, August 4, 2022 8:00 AM
SideChannel, Inc.
SideChannel, Inc.
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Topic:
Management Changes
The Cybersecurity Company Welcomes Two New Members of Its Board of Directors, Former inTEST CFO Hugh Regan Jr. and SideChannel's New CEO Brian Haugli
WORCESTER, MA / ACCESSWIRE / August 4, 2022 / SideChannel, Inc. (OTCQB:SDCH) ("SideChannel"), a provider of cybersecurity services and technology to middle market companies, today announced that it has completed an expansion of its Board of Directors from four members to six. Brian Haugli, SideChannel's new Chief Executive Officer, and Hugh Regan, Jr., who is considered an independent director under NASDAQ rules, were appointed to fill two new vacancies, following a stockholder notification during July 2022.
"We will look to our board of directors for guidance as we execute on our growth strategy, and value the advice they will provide to our executive team," said Mr. Haugli. "Our directors each have technology company experience and represent a diversity of subject matter expertise, including cybersecurity, product development, team building, and finance."
Mr. Regan recently retired from his role as Secretary, Treasurer and Chief Financial Officer of inTEST Corporation, a publicly traded manufacturer of capital equipment used in the semiconductor industry and other markets. He currently works as a private consultant to businesses, assisting them with various strategic issues. Mr. Regan served in his roles at inTEST for over 25 years, from April 1996 until June 2021. From 1985 to April 1996, Mr. Regan served in various financial capacities for Value Property Trust, a publicly traded real estate investment trust, including as Vice President of Finance from 1989 to September 1995, and as Chief Financial Officer from September 1995 to April 1996. Mr. Regan qualifies as an independent member of SideChannel's Board of Directors, and will serve as the Chair of the Board's Audit Committee.
Since September 2017, Mr. Haugli has served as the chief executive officer of SideChannel, Inc., a Massachusetts corporation, prior to its acquisition by SideChannel. Since October 2020, Mr. Haugli has also been the founder of RealCISO, a cybersecurity risk assessment SaaS platform. Mr. Haugli was an Adjunct Professor at Boston College from June 2020 through January 2022, an advisor to Zscaler from September 2019 to August 2020, and worked for the Hanover Group from May 2015 to April 2019, most recently as Vice President and Chief Security Officer.
Mr. Haugli and Mr. Regan joined Tom Wilkinson, Anthony Ambrose, Deborah MacConnel, and Kevin Powers on SideChannel's Board of Directors. Mr. Wilkinson is the Board's Chair and Mr. Ambrose is the Board's lead independent director. After the addition of Mr. Haugli and Mr. Regan, four of the six SideChannel directors are considered independent.
###
About SideChannel
SideChannel is committed to creating top-tier cybersecurity programs for mid-market companies to help them protect their assets. SideChannel employs what it believes to be the field's most skilled and experienced talent to harden these companies' defenses against cybercrime, in its many forms. SideChannel's team of C-suite level information security officers possess a combined experience of over 400 years in the industry. To date, SideChannel has created more than 50 multi-layered cybersecurity programs for its clients. Learn more at sidechannel.com.
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management's view of SideChannel's future expectations, plans and prospects, including within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "hopes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act and otherwise. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of SideChannel, its divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors include, but are not limited to, our ability to satisfy the closing conditions of the acquisition, our ability to integrate the operations of SideChannel into our company; that we have incurred net losses since inception, our need for additional funding, the substantial doubt about our ability to continue as a going concern, and the terms of any future funding we raise; that COVID-19 has materially adversely affected our operations and may continue to have a material adverse impact on our operating results in the future; our dependence on current management and our ability to attract and retain qualified employees; competition for our products; our ability to develop new products, improve current products and innovate; unpredictability in our operating results; our ability to retain existing licensees and add new licensees; our ability to manage our growth; our ability to protect our intellectual property (IP), enforce our IP rights and defend against claims that we infringed on the IP of others; and other risk factors included from time to time in documents SideChannel files with the Securities and Exchange Commission, including, but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. These reports are available at www.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on SideChannel's future results. The forward-looking statements included in this press release are made only as of the date hereof. SideChannel cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SideChannel undertakes no obligation to update these statements after the date of this release, except as required by law, and takes no obligation to update or correct information prepared by third parties that are not paid for by SideChannel. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
Investor Contact:
Matt Kreps
Darrow Associates Investor Relations
214-597-8200
mkreps@darrowir.com
SOURCE: SideChannel, Inc.
Topic: Management Changes
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Form 8-K filed by SIDECHANNEL, INC. on 2022-08-04
6836 Bee Cave Road, Bldg. 1, S#279, Austin, Texas 78746
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (512) 772-4245
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
?Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)?Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)?Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))?Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ?
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointments of Directors
On July 5, 2022 (the “Closing Date”), SideChannel, Inc., formerly known as Cipherloc Corporation (the “Company”), announced that Brian Haugli and Hugh Regan, Jr. had been nominated to join the Company’s board of directors (the “Board”), and would join the Board following the completion of a stockholder notification period regarding the board expansion. The stockholder notification period was completed and, on August 4, 2022 the Company announced that Mr. Haugli and Mr. Regan had joined the Board, through a press release attached herein as Exhibit 99.1.
Set forth below are the biographical summaries of Mr. Haugli and Mr. Regan.
Brian Haugli
Mr. Haugli is the Chief Executive Officer of the Company, and served as the chief executive officer of SideChannel, Inc., a Massachusetts corporation, from September 2017 until its acquisition by the Company on July 1, 2022. Since October 2020, Mr. Haugli has been the founder of RealCISO, a cybersecurity risk assessment SaaS platform, and has been the creator and host of #CISOlife YouTube and Podcast since August 2019. Mr. Haugli was an Adjunct Professor at Boston College from June 2020 through January 2022, an advisor to Zscaler from September 2019 to August 2020, and worked for the Hanover Group from May 2015 to April 2019, most recently as VP and Chief Security Officer.
Hugh Regan
Mr. Regan recently retired from his role as Secretary, Treasurer and Chief Financial Officer of inTEST Corporation, a publicly traded manufacturer of capital equipment used in the semiconductor industry and other markets. He currently works as a private consultant to businesses, assisting them with various strategic issues. Mr. Regan served in his roles at inTEST for just over 25 years, from April 1996 until June 2021. From 1985 to April 1996, Mr. Regan served in various financial capacities for Value Property Trust, a publicly traded real estate investment trust, including Vice President of Finance from 1989 to September 1995 and Chief Financial Officer from September 1995 until April 1996. Mr. Regan qualifies as an independent member of the Company’s Board of Directors and will serve as the Chair of the Company’s Audit Committee.
Each member of the Board who is not also an executive officer of the Company will receive $10,000 for each fiscal quarter in which they serve, and an additional $5,000 per quarter for serving as the chair of any committee of the Board, or as the Chair of the Board. Such payments will be made in a combination of half cash and half shares of the Company’s common stock, valued based upon the greater of (i) $0.18 per share and (ii) the closing price of the Company’s common stock on the first trading day of the applicable quarter. Mr. Regan also received a one-time grant of 100,000 restricted stock units pursuant to the Company’s 2021 Omnibus Equity Incentive Plan, which shares vest over a period of three years from the date of issuance.
There are no family relationships between any of Mr. Haugli and Mr. Regan and any of the Company’s existing directors or executive officers. Except as set forth herein, there is no arrangement or understanding between Mr. Haugli and Mr. Regan and any other persons pursuant to which Mr. Haugli or Mr. Regan were appointed as officers or directors of the Company, as applicable. There are no related party transactions involving Mr. Haugli or Mr. Regan that are reportable under Item 404(a) of Regulation S-K.
Item 8.01 Other Events.
On August 4, 2022, the Company issued a press release announcing the addition of Mr. Haugli and Mr. Regan to the Board. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
2
Item 9.01 Financial Statements and Exhibits
Exhibits.
4Exhibit 99.1FOR IMMEDIATE RELEASESideChannel, Inc. Expands Board of Directors to Six MembersThe cybersecurity company welcomes two new members of its Board of Directors, former inTEST CFO Hugh Regan Jr. and SideChannel’s new CEO Brian HaugliWORCESTER, MA – August 4, 2022 – SideChannel, Inc. (OTCQB:SDCH) (“SideChannel”), a provider of cybersecurity services and technology to middle market companies, today announced that it has completed an expansion of its Board of Directors from four members to six. Brian Haugli, SideChannel’s new Chief Executive Officer, and Hugh Regan, Jr., who is considered an independent director under NASDAQ rules, were appointed to fill two new vacancies, following a stockholder notification during July 2022.“We will look to our board of directors for guidance as we execute on our growth strategy, and value the advice they will provide to our executive team,” said Mr. Haugli. “Our directors each have technology company experience and represent a diversity of subject matter expertise, including cybersecurity, product development, team building, and finance.”Mr. Regan recently retired from his role as Secretary, Treasurer and Chief Financial Officer of inTEST Corporation, a publicly traded manufacturer of capital equipment used in the semiconductor industry and other markets. He currently works as a private consultant to businesses, assisting them with various strategic issues. Mr. Regan served in his roles at inTEST for over 25 years, from April 1996 until June 2021. From 1985 to April 1996, Mr. Regan served in various financial capacities for Value Property Trust, a publicly traded real estate investment trust, including as Vice President of Finance from 1989 to September 1995, and as Chief Financial Officer from September 1995 to April 1996. Mr. Regan qualifies as an independent member of SideChannel’s Board of Directors, and will serve as the Chair of the Board’s Audit Committee.Since September 2017, Mr. Haugli has served as the chief executive officer of SideChannel, Inc., a Massachusetts corporation, prior to its acquisition by SideChannel. Since October 2020, Mr. Haugli has also been the founder of RealCISO, a cybersecurity risk assessment SaaS platform. Mr. Haugli was an Adjunct Professor at Boston College from June 2020 through January 2022, an advisor to Zscaler from September 2019 to August 2020, and worked for the Hanover Group from May 2015 to April 2019, most recently as Vice President and Chief Security Officer.Mr. Haugli and Mr. Regan joined Tom Wilkinson, Anthony Ambrose, Deborah MacConnel, and Kevin Powers on SideChannel’s Board of Directors. Mr. Wilkinson is the Board’s Chair and Mr. Ambrose is the Board’s lead independent director. After the addition of Mr. Haugli and Mr. Regan, four of the six SideChannel directors are considered independent.###About SideChannelSideChannel is committed to creating top-tier cybersecurity programs for mid-market companies to help them protect their assets. SideChannel employs what it believes to be the field’s most skilled and experienced talent to harden these companies’ defenses against cybercrime, in its many forms. SideChannel’s team of C-suite level information security officers possess a combined experience of over 400 years in the industry. To date, SideChannel has created more than 50 multi-layered cybersecurity programs for its clients. Learn more at sidechannel.com.Forward-Looking StatementsThis press release may contain forward-looking statements, including information about management’s view of SideChannel’s future expectations, plans and prospects, including within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the “Act”). In particular, when used in the preceding discussion, the words “believes,” “hopes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act and otherwise. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of SideChannel, its divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors include, but are not limited to, our ability to satisfy the closing conditions of the acquisition, our ability to integrate the operations of SideChannel into our company; that we have incurred net losses since inception, our need for additional funding, the substantial doubt about our ability to continue as a going concern, and the terms of any future funding we raise; that COVID-19 has materially adversely affected our operations and may continue to have a material adverse impact on our operating results in the future; our dependence on current management and our ability to attract and retain qualified employees; competition for our products; our ability to develop new products, improve current products and innovate; unpredictability in our operating results; our ability to retain existing licensees and add new licensees; our ability to manage our growth; our ability to protect our intellectual property (IP), enforce our IP rights and defend against claims that we infringed on the IP of others; and other risk factors included from time to time in documents SideChannel files with the Securities and Exchange Commission, including, but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. These reports are available at www.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on SideChannel’s future results. The forward-looking statements included in this press release are made only as of the date hereof. SideChannel cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SideChannel undertakes no obligation to update these statements after the date of this release, except as required by law, and takes no obligation to update or correct information prepared by third parties that are not paid for by SideChannel. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.Investor Contact:Matt KrepsDarrow Associates Investor Relations214-597-8200mkreps@darrowir.com
Strong……Very Strong
Corporate Governance
Management Team
Board of Directors
Documents
Tom Wilkinson
?Chairman of the Board, Executive Committee Member
?
Tom Wilkinson brings a background in public accountancy and C-level executive experience for a Nasdaq listed company to Cipherloc. He presently owns and operates Wilkinson & Company, a financial and business consulting firm focused on emerging growth pre-IPO and public companies. Mr. Wilkinson previously served as the Chief Executive Officer of Xplore Technologies until the sale of the company to Zebra Technologies in 2018. Xplore was a NASDAQ listed public company and the sale resulted in a superior return to the investors. Prior to becoming the CEO, Mr. Wilkinson served as the company's Chief Financial Officer and led a successful operational turnaround driving the business to profitability. He is also an experienced audit partner at a public accountancy firm he founded and grew to seven offices and served as CFO of Amherst Holdings, a privately held corporation. Mr. Wilkinson currently serves on the board of Astrotech (ASTC) and is a CPA in the State of Texas.
Anthony Ambrose
?Lead Independent Director, Executive Committee Member
?
Anthony Ambrose has served for the past six years as a director, President and Chief Executive Officer of Data I/O, the leading global provider of advanced data and security programming solutions, and a Nasdaq listed company (DAIO). Prior to Data I/O, Mr. Ambrose was Owner and Principal of Cedar Mill Partners, LLC, a strategy consulting firm since 2011. From 2007 to 2011, he was Vice President and General Manager at RadiSys Corporation, a leading provider of embedded wireless infrastructure solutions, where he established the telecom platform business and grew it to over $125M in annual revenues. He was previously general manager and held several other progressively responsible positions at Intel Corporation, where he led development and marketing of standards-based communications platforms and grew the industry standard server business to over $1B in revenues. Mr. Ambrose has a Bachelor of Science degree in Engineering from Princeton University.
Debbie MacConnel
Independent Director
?
Ms. MacConnel has been involved in the computer industry for 34 years, retiring recently from the IBM Corporation after 28 years. Prior to her retirement, Ms. MacConnel was instrumental in transforming information technology for IBM's human resources function, which supported up to 450,000 employees. Ms. MacConnel's team at IBM was also responsible for transforming the succession planning process for executive selection and promotion, along with enhancing the processes for mergers and acquisition management and talent acquisition. Ms. MacConnel qualifies as an independent member of the Company's Board of Directors.
Kevin Powers
Independent Director
?
Mr. Powers is the founder and director of the Master of Science in Cybersecurity Policy and Governance Programs at Boston College and is an Assistant Professor of the Practice at Boston College Law School and in Boston College's Carroll School of Management's Business Law and Society Department. Mr. Powers is also a Cybersecurity Research Affiliate at the MIT Sloan School of Management, and he has taught courses at the U.S. Naval Academy, where he was also the Deputy General Counsel to the Superintendent. Mr. Powers qualifies as an independent member of the Company's Board of Directors.
Hugh Regan
Independent Director
?
Mr. Regan recently retired from his role as Secretary, Treasurer and Chief Financial Officer of inTEST Corporation, a publicly traded manufacturer of capital equipment used in the semiconductor industry and other markets, and currently works as a private consultant to businesses, assisting them with various strategic issues. Mr. Regan served in his roles at inTEST for just over 25 years, from April 1996 until June 2021. From 1985 to April 1996, Mr. Regan served in various financial capacities for Value Property Trust, a publicly traded real estate investment trust, including Vice President of Finance from 1989 to September 1995 and Chief Financial Officer from September 1995 until April 1996. Mr. Regan qualifies as an independent member of the Company's Board of Directors and will serve as the Chairperson of the Company's Audit Committee.
Brian Haugli
Inside Director and Chief Executive Officer
?
Brian has been driving security programs for two decades and brings a true practitioner’s approach to the industry. He creates a more realistic way to address information security and data protection issues for organizations. He has led programs for the DoD, Pentagon, Intelligence Community, Fortune 500, and many others. Brian is a renowned speaker and expert on NIST guidance, threat intelligence implementations, and strategic organizational initiatives.Brian is the contributing author for the latest book from Wiley, “Cybersecurity Risk Management: Mastering the Fundamentals Using the NIST Cybersecurity Framework“.Lastly, he is a professor at Boston College, in the Woods College of Advancing Studies, Master’s Program in Cybersecurity.
Kinda looks nice to not see “clok” any longer. It’s been one hellova ride.
Brian looks to be poised to turn this new company around and make us all much happier.
#thetruthandnothingbutthetruth
We need to wait unfortunately
That’s not how it works.
Exciting times for SideChannel shareholders.
#thetruththewholetruthnothingbutthetruth
SideChannel, Inc. Announces Change to Ticker Symbol From CLOK to SDCH
Monday, August 1, 2022 7:30 AM
SideChannel, Inc.
SideChannel, Inc.
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Topic:
Company Update
WORCESTER, MA / ACCESSWIRE / August 1, 2022 / SideChannel, Inc., formerly Cipherloc Corporation (OTCQB:CLOK), a provider of cybersecurity services and technology to middle market companies ("SideChannel"), today announced that Financial Industry Regulatory Authority, Inc. (FINRA) has completed processing the change of SideChannel's ticker symbol from CLOK to SDCH. The ticker symbol change will be effective upon the opening of trading on Tuesday, August 2, 2022.
"We are excited to conclude the transition of our corporate name and trading symbol to now fully reflect the SideChannel brand," said Brian Haugli, Chief Executive Officer. "SideChannel is uniquely positioned to provide the cyber risk management needs of the expanding middle market through our fast-growing virtual Chief Information Security Officer ("vCISO") services, which are augmented by cybersecurity and privacy management tools and capabilities. "
For SideChannel's stockholders, the ticker symbol change has no effect on the shares that they currently hold. The ticker symbol will change automatically, and the number of shares held by stockholders will remain the same.
###
About SideChannel
SideChannel is committed to helping mid-market companies create top-tier cybersecurity programs. SideChannel deploys skilled and experienced talent to help those companies harden their defenses against cybercrime, in many forms. SideChannel has over twenty C-suite level information security officers, possessing a combined 439 years of experience between them. To date, SideChannel has created more than 50 multi-layered cybersecurity programs for its clients. Learn more at sidechannel.com.
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management's view of SideChannel's future expectations, plans and prospects, including within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "hopes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act and otherwise. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of SideChannel, its divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors include, but are not limited to, our ability to satisfy the closing conditions of the acquisition, our ability to integrate the operations of SideChannel into our company; that we have incurred net losses since inception, our need for additional funding, the substantial doubt about our ability to continue as a going concern, and the terms of any future funding we raise; that COVID-19 has materially adversely affected our operations and may continue to have a material adverse impact on our operating results in the future; our dependence on current management and our ability to attract and retain qualified employees; competition for our products; our ability to develop new products, improve current products and innovate; unpredictability in our operating results; our ability to retain existing licensees and add new licensees; our ability to manage our growth; our ability to protect our intellectual property (IP), enforce our IP rights and defend against claims that we infringed on the IP of others; and other risk factors included from time to time in documents SideChannel files with the Securities and Exchange Commission, including, but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. These reports are available at www.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on SideChannel's future results. The forward-looking statements included in this press release are made only as of the date hereof. SideChannel cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SideChannel undertakes no obligation to update these statements after the date of this release, except as required by law, and takes no obligation to update or correct information prepared by third parties that are not paid for by SideChannel. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
Investor Contact:
Matt Kreps
Darrow Associates Investor Relations
214-597-8200
mkreps@darrowir.com
SOURCE: SideChannel, Inc.
Kids don’t have a million plus shares like I do.
This is no joke for shareholders.
I will always speak ….The truth, the whole truth, nothing but the truth.
Quote….
No biggie. Games are for kids. Cash remaining??
The merger was completed in July, so the 10q won't show anything from SideChannel yet. It's the last quarter of CLOKs financial by themselves. We have a ways to go before we see what we really have on our hands. Until then....its sit and wait for news. Untruths are just that... UNTRUTHS. I am here to only speak the truth...the whole truth....and NOTHING BUT THE TRUTH.
QUANTUM 2025 - A Milestone Year
Only 2.5 years away, what makes the year 2025 an important milestone for #quantum?
In one respect, the international recognition. A group of "scientific bodies and academies is preparing a resolution for the 2023 General Conference of the United Nations Educational, Scientific and Cultural Organization (UNESCO) and the 2023 General Assembly of the United Nations to proclaim 2025 the International Year of Quantum Science and Technology." (https://quantum2025.org)
In terms of quantum vendors, IBM promised in May of this year, a 4,000 qubit computer by 2025 (https://lnkd.in/gk797xGP).
PsiQuantum expects a commercial quantum computer by that year (https://lnkd.in/gMTsKXse). Both have stated they are on the path to 1 million #qubits.(https://lnkd.in/gVVnqqGd). Rigetti Computing recently moved its roadmap estimates to a 1,000 qubit system by 2025 (https://lnkd.in/gqWDq9TY).
Market estimates abound (https://lnkd.in/gi7kbwgg ; https://lnkd.in/gQmuwv9F) for significant compound annual growth rates and consumer adoption, though predictions are easier than production.
2025 should be a fascinating year to watch for the quantum industry.
Another good question for Brian is what roll will the Enclave technology take now? Is it being implemented already to customers?
Lots of questions…..
We don’t know what roll the IP is going to take either. With the major push for cybersecurity by the government and with quantum becoming more and more a reality our technology will be a major player.
SideChannel has the ability to put the IP into other apps as well. We went from a tiny little non revenue producing company to a bigger company with better resources and a much much brighter future.
I look forward to watching all this develop.
A Conference Call to make sense of all this will be a wonderful thing.
I suspect we will hear from Brian sooner than later.
This is ridiculous. The man just took over through a reverse merger. The last thing that’s going to happen is his removal.
I’m trying to be serious about this…..shareholder’s deserve better. Reaching for extremes is just not in me. Portrayals of doom are just not in me. Making things up is just not in me. Calling for Tom and Brian’s removal is just not in me.
I’m excited about SideChannel. I’m excited to see where Brian takes this. We are finally a revenue producing company. Heck, we don’t even know what Brian and SideChannel brought to the table. We don’t know what they made last quarter we don’t know how the vCISO s are paid, we don’t know how much money they have in the bank. We don’t know much about them. How can they be judged yet?
Quote……In the event Mr. Haugli’s employment is terminated by Mr. Haugli for Good Reason or by the Company without Cause, (i) Mr. Haugli shall be entitled to continue to receive the salary at the rate in effect upon the termination date for 24 months following the termination date;
Message in reply to:
That's only if we fire him
I guess it's time to just make ship up. The more I say and the more I repeat it , it starts to become true right. If I say it over and over again it becomes true right.
I just can't do it. I'm a buyer. I just won't make stuff up. Can't find it in myself to do it. I'm not going to mislead.
It's shareholders money and I'm not gonna tell lies and exaggerate numbers just for the heck of it.
I'm excited about SideChannel.
SideChannel is poised to be a HUGE winner in this market.
https://www.whitehouse.gov/briefing-room/presidential-actions/2021/05/12/executive-order-on-improving-the-nations-cybersecurity/
Where did we get 20 million to lose?
Quote…
CLOK(now SideChannel) has lost $20million in 4 years!!
TronCarter Quote:
If Haugli (and his wife) stay a year, I believe that’s a $1million commitment of cash alone (see Haugli’s employment agreement).
Ok let’s take a look…….I believe it’s not one million
Mr. Haugli shall (i) receive a base salary of $300,000, which may be increased by the compensation committee of the Board in its sole discretion beginning on September 30, 2023 and on each September 30th thereafter; (ii) be eligible for an annual equity bonus (payable in shares of Common Stock or options) equal to $200,000, which may be increased or decreased by the compensation committee and/or the Board, in its sole discretion; and (iii) be eligible for a yearly discretionary cash bonus with the target amount of 50% of Mr. Haugli’s base salary. In addition, Mr. Haugli shall receive $200,000 in equity incentive compensation annually.
$300,000 (base) + $150,000 (max bonus) = $450,000 cash total. Even if you added the value of the $200k equity it's still not $1m.
Rest assured ALL STOCKHOLDERS I am 100% POSITIVE that SideChannel still owns all IP !!!!!!!!!!!!!!
Baseless claims that have been stated are just that…..BASELESS.
This statement have anything that makes it true?
Quote
Did CLOK lose IP to Leblanc?
Losing full rights of IP would explain why CLOK is now a service company.
Explanation????
Quote
Did CLOK lose IP to Leblanc?
Losing full rights of IP would explain why CLOK is now a service company.
Everyone should be looking forward to the next 10-Q release.
Seems obvious that the investors who believed and defended de la Garza, Wilkinson, Borene, Hnatiw and Chasteen were all wrong and taken advantage of by these guys.
It speaks volumes that Sammy Davis resigned from the Board.
Good luck to anyone trying to get their money out of this quicksand trap!
I've gone back and looked at all of Ron Cobys comments before he was fired from cipherloc. He was a huge hater of mdlg and a huge fan of Tom Wilkinson. Once he was fired he turned on anything and everything good about cipherloc. Grudges are a sickness.
Ron Coby is a cancer to current shareholders.
There was a day when he was a decent guy.
It’s a shame that he continues to hold a grudge after all these years just because he wasn’t made CEO.
Ron Coby is such a loser……he is one of the old Cipherloc players that threw a fit when he was not made CEO. The guy continues to hold a grudge and spews his continued resentment on social media networks
https://www.linkedin.com/in/ron-coby-9767661a9/
But Coby wasn’t given the CEO job was he?
TronCarter
Monday, June 10, 2019 12:25:44 PM
Re: None
Post# of 23574 Go
If I were CLOK’s CEO, I would...
Fire everyone except Milton, and figure out how and if I could utilize Al.
I would likely get rid of all of the “consultants”.
I would remove all directors, and only consider keeping the newest guy, Tom Wilkinson.
I would terminate all shady “sales and reseller agreements”.
I would do my best to hire Mike Hufnagel or equivalent and let that person create a core team of engineers.
I would find an experienced sales and marketing guy like Mike Salas and let him build a real sales team.
I would take a modest base salary and take PERFORMANCE-based bonuses.
I would minimize our office space needs down to the bare necessity.
I would not take calls, texts, emails or correspond with investors or ihub forum users.
I would abide by all SEC rules and regulations
I would want to change the corporate bylaws to prevent a CEO from also being the Chairman of the Board.
I would do everything in my power to clean up the company from its current state of disarray.
Interesting….. just a short time ago 2019. Shortly after this there was a firing of one Ron Coby
TronCarter
Tuesday, May 28, 2019 5:09:31 PM
Re: CLOKtickticktick post# 18527
Post# of 23573 Go
Tom Wilkinson is a very accomplished business professional.
Unlike Michael de la Garza, who is not an accomplished business professional.
Tom won't put up with MDLG's bs.
Kudos to the major shareholder(s) who made this happen!
#notetotomrecordeverything
Your new CEO is pretty dang smart…..
Great listen……Brian is definitely amazing!!!!!!
It amazes me how many exCLOK employees have so much to say after the fact. I shall call them disgruntled ex employees. They joined forces along the way and then when they get sent to the curb for dereliction of duty they rush to social media outlets to proclaim how everything is so wrong with every move that the company makes going forward. They were all once connected to the old crooked regime and were eventually ousted by those that they claim are now sitting around doing nothing and that they took shareholders for granted in the merger with SideChannel. They were fired for not being leaders. They disagree with the direction that Ambrose and Wilkinson were taking the company. They are trying helplessly to discredit the merger without even seeing the books of SideChannel.
As for me, I believe strongly that Tom and crew have done an amazing job with this reverse merger. Using shares to complete it and keeping cash in the bank. I also strongly believe in Brian. Brian has assembled and will continue to assemble one of the best CISO teams available. I see a huge market here for SideChannel. I’m a buyer.
#neverlistentooldemployees
#firedforlife
I will say it over and over…..no where but up from here for us SOPHISTICATED INVESTORS……
QUOTE…..
Not everyone's a sophisticated investor...
This deal makes no sense for CLOK investors. CLOK investors will lose their remaining pennies (and are likely going delirious). The only question is how long will it take to dilute the remaining foolish investors??
Investors who bought at $2/share in 2015 are STILL trying to convince themselves that they made a good decision. Not a joke!!
FACT: CLOK "buys" a company with equity (not cash), a company that may not even be a break-even company, with 20+ employees/consultants, that shares many human resources between the two companies....I mean, seriously, the only thing(s) that make sense are the alterior motives. SMH
Dammed if you do Dammed if you don’t…….I can’t stop laughing……
Quote…..
Just reread Haugli’s employment agreement. CLOK is screwed!
If he hits sales goal, he wins. If he doesn’t, he still wins.
What does he have to lose??
Research from the National Cybersecurity Alliance reveals that 60% of small and mid-sized businesses go out of business within six months following a cyberattack. For this fact alone, a CISO has the power to keep your business afloat – or conversely, failure to invest in this security leadership role could spell the end for your company.
How Quantum Computing Will Transform Government IT
Robert Liscouski
The U.S. government is making major investments in quantum technology. In 2020, the Department of Energy invested $625 million into multidisciplinary Quantum Information Science Research Centers in support of the National Quantum Initiative.
The Biden administration is supporting legislation that would spend over $100 billion to advance emerging technologies, including quantum computing.
There’s a good reason for these investments. The National Counterintelligence and Security Center has identified quantum computing as one of the strategic technology sectors in which the U.S. faces increasing challenges from a growing list of countries.
All are in a race for leadership because of the military and economic benefits these technologies promise as well as the cybersecurity risks quantum poses.
Quantum development and commercialization is already underway, and increasing investments and intensive collaboration among government, private enterprise and academic institutions are already showing significant results.
The implications of this new technology are profound for all government and public sectors.
Government and industry recognize that quantum computing is no longer a theoretical, lab-based technology, but one which provides useful business value today, even in advance of “quantum advantage.”
Quantum basics
Quantum computers solve problems differently than classical computers.
They leverage the properties of quantum states such as superposition, entanglement and interference to simulate real-world scenarios in an n-dimensional space.
They also perform computations with greater data capacity, increased accuracy of results and the promise of faster processing speeds.
Where classical computing provides only one “best” answer, quantum computers yield multiple diverse results.
For governments, this means the ability to tackle their most complex problems by defining the impact among different scenarios and choosing the solution best optimized for each situation.
Being able to solve complex problems with better results in a fraction of the time and with a fraction of the resources provides immense opportunities to countries that can harness the power of quantum computing.
However, make no mistake, quantum computing will not eliminate the need for classical computing.
In fact, the hybrid model of solving problems with both quantum and classical approaches will yield better answers in certain use cases than either one computing technology could do on its own.
Quantum computing is a completely different paradigm for both hardware and software.
Developing quantum programs using current SDKs requires significant quantum expertise and lengthy timeframes to create the program, algorithms and low-level coding necessary to have the software work with a single hardware platform.
This means that only a small elite workforce has the skills to leverage quantum computers, so the government with the most developed workforce and more end-user oriented technologies will ultimately dominate the field of quantum computing.
To overcome workforce limitations and democratize access to these powerful systems, software companies are now developing ready-to-run quantum software that subject matter experts with no quantum experience can use right now.
Cybersecurity: The quantum space race
The U.S. and other governments currently rely on mathematically-based two-key asymmetric encryption techniques.
These codes are almost impossible to break with classical computers, but quantum computers will be able to break them quickly and easily, due to their factoring speed and ability to rapidly search through unsorted data.
This puts the nation’s most critical secrets — and in fact, all digital infrastructures — at risk. The only way to get ahead of the problem is by leveraging the same powerful quantum technology to develop new cybersecurity solutions.
Most countries are already working to create quantum decryption capabilities that will uncover the most sensitive data of their adversaries.
The U.S. government classifies any national security information that threatens the nation or its allies for 25 years or more.
If quantum decryption helps our adversaries access our most sensitive information, it could have a devastating impact on national security.
U.S. defense and intelligence agencies are eagerly investing in quantum technologies as they look to make the U.S. government more secure and better protected against threats to operations and security.
For example, quantum technology will enable the optimized movement of troops for scheduled and on-demand global needs, as well as quantum radar that is undetectable and doesn’t expose itself to attack.
Optimization
Quantum computing is ideally suited for government-related complex optimization problems.
These include creating optimized routes and schedules for snowplows, garbage pickup, emergency response and public transportation.
Quantum computing can also enable major operations, such as helping the Federal Emergency Management Agency to efficiently allocate emergency resources to affected communities in the wake of a natural disaster or even predict with greater certainty where a disaster will occur to prevent its effects versus reactively responding to them.
Quantum computing is expected to greatly impact many scientific disciplines, including:
Drug R&D and clinical trials. New drug development is already underway using artificial intelligence and computer simulations that can accurately visualize and predict effects on patients.
When combined with quantum computing, development and clinical trials can be faster and cheaper without requiring trials on human volunteers.
Environmental research and CO2 c Quantum computing’s ability to simulate chemical reactions is expected to surpass that of supercomputers.
This will advance research in both carbon sequestration (removing carbon dioxide from the atmosphere) and direct air capture (capturing carbon dioxide in the air for removal or producing carbon-neutral fuel).
Conclusion
The U.S. cannot afford to fall behind its partners and adversaries in the exploration of new technologies that have widespread implications for government operations.
But technology development alone will not be sufficient to take advantage of new capabilities nor overcome its threat.
The nation must ensure that it develops a workforce capable of meeting these new challenges.
Additionally, these new technologies must be adopted and integrated into government operations much more quickly.
The commercial sector isn’t waiting for quantum computing to reach advantage, but the government still treats it as more of a curious research endeavor than a technology that should begin shifting to implementation.
Artificial intelligence has been around for decades, but only saw government implementation within the past 10 years due to the explosion of data and advanced computing capabilities.
If we adopt this same “wait and see” attitude with quantum computing, I fear that we won’t know that we lost the race to quantum until it is too late.
Recent government investment in quantum technologies is a great start, but we need to encourage the executive agencies to start on their path to quantum today.
This is not a time when we can adopt the attitude of “being first to be second.” We must be first and to remain in that position.
Our growth continues. We’re excited to welcome Tiffany Williams to the team. Tiffany joins us as executive assistant to the CEO; helping out with all things coordination, planning, and task managing leadership.
Tiffany brings 23 years of experience to the role. While in the private sector, Tiffany earned rich skills and abilities that she now uses to help others. She knows her way around administrative technology and has taught fellow team members about progressive systems and applications, like CRM software, mass communication procedures and organizational apps.
Service to the community is a consistent thread throughout Tiffany’s life. In her spare time, she lends her skills as a volunteer to the American Heart Association and the Boys and Girls Club of America; just to name a few. Tiffany is also a veteran and a Massachusetts native. Thank you for your service Tiffany!
From LinkedIn
Brian Haugli
Our GRC platform, RealCISO.io, was ranked 2nd for vCISO Services for being "cost effective and extremely easy to use."
When you opt for RealCISO, you just need to answer some quick questions regarding your people, processes, and technologies and get recommendations on how to reduce security gaps. #cybersecurity
Why am I excited we were 2nd and not 1st? Because the area that was considered a negative we're working on! "Assessment is based only on questionnaires; no objective data is gathered via any form of scanning." We also know that our questions and associated Rosetta Stone allow for much more than other platforms for customers to pivot from one assessment or standard to another. #ciso
https://lnkd.in/eTEFtcbx #cisolife #riskmanagement
Sophisticated enough for me!!!!!!!!!!!
All I have to do is start reading into the background of each of these folks. It’s more than I need to be excited about this merger.
I’m a buyer
https://sidechannel.com/about/team/