Vancouver, British Columbia, November 22, 2016: Oculus VisionTech Inc. (the “Company” or “Oculus”) (TSX.V: OVT; OTCBB: OVTZ; FSE: USF1) is pleased to announce the development of Oculus’ first proprietary document viewer application (the “Document Viewer”) for its document protection system (“DPS”) technology. This will be a key addition to the online digital document protection suite that Oculus has been actively developing (see news release dated November 3, 2016). The application was developed in response to market demands for the protection of document transmittal and communication. The Document Viewer incorporates technology that allows for the tracking of documents from transmission by the sender to receipt and review by the recipient. The Document Viewer also provides near real-time notification to the document sender of certain unauthorized activities, such as an attempt to view a document without permission. The Document Viewer is easy to use and is designed to serve both corporate and individual users.
The current version of the Document Viewer is for the Windows operating system and is expected to be released in the coming weeks. In addition, Oculus is continuing to develop applications for Mac, iOS and Android operating systems.
Tom Perovic, a director of the Company, who oversees the testing and launch of the Company’s DPS technology stated: “We are extremely proud that the development of the Document Viewer has met and exceeded our internal expectations. We see this application as being an important safeguard against unauthorized users that will be relevant for our current Document Protection System, as well as future product offerings. Oculus prides itself on bringing leading edge technology to the document protection industry. The Document Viewer is one example of this commitment.“
Technical features of the Document Viewer
- The Document Viewer implements and enforces document protection criteria created by the sender.
- The Document Viewer use requires Internet access.
- Only documents protected by the DPS system can be opened by the Document Viewer.
- Access to the document is time sensitive. The sender has the ability to control the date and time when the document can be opened. The Document Viewer is an invaluable tool in respect to preventing the premature release of important documents (e.g. government budgets, press releases).
- The sender can restrict subsequent access to documents by recipients, either by time and/or date.
Oculus is a cyber security company that creates systems for document and multimedia protection to combat tampering and digital piracy. Utilizing proprietary technology originally created for embedding digital watermarking video-on-demand (VOD) systems, Oculus has created a Cloud-based document protection system based on embedded digital watermarking. The Company’s systems, services and delivery solutions include document, still image and motion video digital watermark solutions and documents, photographs (still image) and video content protection. Headquartered in Vancouver, British Columbia, Canada, Oculus was founded by experts in image processing and is operated by an experienced management team. Learn more about Oculus at www.oculusvisiontech.com or follow us on Twitter (https://twitter.com/OculusVT) and Facebook (https://www.facebook.com/OculusVisiontech).
ON BEHALF OF THE BOARD OF DIRECTORS
Tom Perovic, Director
For further information, contact:
Chief Financial Officer and Director
Telephone: (604) 685-1017
Fax: (604) 685-5777
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements and information within the meaning of applicable securities laws (collectively, “forward-looking statements”), including the United States Private Securities Litigation Reform Act of 1995. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations and orientations regarding the future. Often, but not always, forward looking statements can be identified by words such as “pro forma”, “plans”, “expects”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Such forward-looking statements include, among others, statements as to the potential market for Oculus’ Cloud-based DPS technology and the Document Viewer, the continued successful testing and commercial launch of DPS1.0 and the Document Viewer, and that Oculus will extend the available platforms for the Document Viewer to include Mac, iOS and Android operating systems. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the change of business focus of the management of Oculus, the inability of Oculus to pursue its current business objectives due to lack of financing, the ability to retain key personal or otherwise, the failure of the DPS and Document Viewer technology and products to perform as expected, the ability of Oculus to successfully test and launch the DPS and the Document Viewer as commercially viable products, the loss of Oculus’ goodwill and competitive advantage as a result of a breach of security, technology or theft, outages on the Amazon Web Services (AWS) cloud infrastructure and associated services provided by Amazon that impact the DPS1.0, the inability of Oculus to develop further applications for the DPS technology, and competition, generally, in the technology sector. These forward-looking statements are made as of the date of this news release and Oculus assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in these forward-looking statements. Although Oculus believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in Oculus’ periodic reports filed from time-to-time with the United States Securities Exchange Commission and Canadian securities regulators. These reports and Oculus’ public filings are available at www.sec.gov in the United States and www.sedar.com in Canada.