VANCOUVER, BC / ACCESSWIRE / November 3, 2016 / Oculus VisionTech Inc. (the “Company” or “Oculus”) (TSX.V: OVT; OTCQB: OVTZ; FSE: USF1) is pleased to announce that Oculus has successfully tested its Cloud-based document protection system (DPS1.0) on the Amazon Web Services (“AWS”) Cloud infrastructure. DPS1.0 is now available for purchase and trial at the Oculus corporate website at www.oculusvisiontech.com.
In connection with the completion of testing of DPS1.0, Oculus has migrated the hosting of DPS1.0 to AWS (although Oculus is not otherwise partnered or affiliated with Amazon or its AWS). By migrating DPS1.0 to AWS, Oculus is leveraging the Amazon Cloud platform to create a more accessible and scalable environment. In addition, utilizing AWS increases DPS1.0’s resilience to malicious intrusion attempts by relying on AWS’ firewall system.
By hosting DPS1.0 on the AWS, Oculus is able to use the Amazon Elastic Compute Cloud (“Amazon EC2”) service, which allows Oculus to scale the capacity of the DPS1.0, based on workload demand. If workload increases, then Amazon EC2 allows for load balancing and “round-robin” usage, which provides Oculus with opportunities for growth and on-demand bandwidth. To better understand the necessary load and performance metrics related to workload demand for DPS1.0, Oculus has implemented AWS Cloud Watch, which allows Oculus to understand the immediate and current load on the environment. Oculus is also using AWS Glacier Storage for DPS1.0 backup and to archive information and S3 (AWS memory – storage), which provides faster storage for the production and provisioning of images. Oculus is leveraging the security solutions provided by AWS by setting up its own Virtual Private Cloud (VPC) and connecting that network with the Virtual Private Network (VPN) services by AWS.
To coincide with the launch of DPS1.0, the corporate website has also been redesigned and updated to better reflect the current state of Oculus. It can be accessed at www.oculusvisiontech.com.
Tom Perovic, a director of the Company, who oversees the testing and launch of the Company’s DPS technology stated, “We are very proud of launching our document protection product, especially as cyber security issues become more prevalent in our lives today. We believe that this is a product that is globally relevant and has the potential to significantly change the status quo of how information is protected. With DPS1.0 now available, we look forward to increasing the market exposure for the Company and its products.”
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 DPS1.0 product, the continued successful testing and commercial launch of DPS1.0 and that the DPS product and technology will produce revenue for Oculus. 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 technology and product to perform as expected, the ability of Oculus to successfully test and launch the DPS as a commercially viable product, the loss of Oculus’ goodwill and competitive advantage as a result of a breach of security, technology or theft, outages on the AWS infrastructure and associated services provided by Amazon that impact the DPS1.0, and competition 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.