InvestorsHub Logo

22rover

04/26/23 10:33 PM

#24031 RE: BrianHaugli #24028

We appreciate the color and understand your limitations vis a vis comments, as we near the quarterly report.

nt2innovate

04/27/23 9:33 AM

#24032 RE: BrianHaugli #24028

Thanks for the update as always Brian. With regards to the polymorphic encryption product, for years Cipherloc told us that this was a breakthrough product that would change the landscape and be worth billions. Now we are being told that it didn't enter the NIST competition, and may not have much monetizing value. Furthermore, since NIST products have to be open source (free?), maybe there was no money to be made there in the first place--purely speaking as an investor. Which then makes Cipherloc investors feel lied to.

Now if the product is not a NIST competition winner but is FIPS-140-2 certified(also done by NIST?) then does that mean that NIST still endorses the product as being good? Maybe there is value in selling it to a company like Apple that prides its itself at offering a "premium experience" ? Or can it be marketed as part of Enclave as a "premium product--ie. better than NIST standard, or maybe that is a bad strategy.

I realize you maybe can't comment on some of this, but that is why you keep getting the questions about the polymorphic encryption product.