Wednesday, April 25, 2018 11:08:33 PM
1) In March, WRFX and its global cybersecurity software subsidiary Paranotek announced that a West
Indies based digital currency exchange and cryptocurrency trading platform investment group has
requested multiyear terms and conditions for licensing Paranotek's post quantum-computing resistant
encryption technology in a mutual Letter of Intent.
2)In 2018, the Paranotek plans to expand its products and revenue streams to include consumer apps
available on both Google Play and the iTunes stores as well as structured licensing fees for enterprise
grade products. As they expand their products and sales, they expect to employ 16 full time team
members by the end of 2018 and will expand to 33 team members globally by 2019. The Paranotek
team will span sales, marketing, development, security, global customer support operations, finance,
compliance and overhead administration.
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