Vancouver, British Columbia–(December 1, 2020) – Oculus VisionTech Inc. (TSXV: OVT; OTCQB: OVTZ; FSE: USF1), announces preparation for the launch of their “Forget Me Yes™” data privacy compliance platform.
The launch of the “Forget Me Yes™” (FMY) platform, in conjunction with its Data Protection System (DPS), will allow Oculus VisionTech to offer a line of security and regulatory required product(s) that target the fast growing market for cloud native and hybrid cloud business.
“The “FMY™” platform will be a business-critical component for most databases that operate with Customer Relationship Management (CRM) software tools. This would mean businesses in countries where Data Privacy regulation have been implemented (including Canada’s newly proposed C-11 draft to PIPEDA) are potential customers of Oculus VisionTech.”, stated Rowland Perkins, CEO of Oculus VisionTech.
International Data Corporation (https://www.idc.com/getdoc.jsp?containerId=US46214219) forecasts that the worldwide data privacy market grew 60.29% in 2019 and is expected to be a multi-billion market by 2023.
In addition, OVT advises that our wholly owned subsidiary OCL Technologies Corp. has recently been featured on Blocks & Files (https://blocksandfiles.com/about/) regarding our FMY™ Software-as-a-Service API Platform (https://blocksandfiles.com/2020/11/19/gdpr-right-to-be-forgotten-verification-tool/). No financial nor share consideration was paid for this blog, and OVT is not aware as to whether B&F currently have any share ownership.
The “Forget Me Yes™” (FMY) service manages both organizational and individual Right-to-be-Forgotten (RtbF) and Right-of-Erase (RoE) compliance of structured data for California Consumer Privacy Act (CCPA), Nevada SB220, Washington Privacy Act (WPA), Brazil’s LGPD and Europe’s GDPR. Features include easy integration for Salesforce and other third parties, in-time compliance, automated persistent re-query delete including an audit trail for continuous compliance.
Oculus, http://ovtz.com/, 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.
OCL Technologies https://www.ocltechnologies.com/, a wholly owned subsidiary of Oculus, is specifically focused on providing enterprise organizations and individuals with highly-secure data privacy tools that provide sustained and continuous global regulatory compliance of data subject rights. Headquartered in San Diego, California, OCL Technologies was founded by industry veteran storage technology experts and is operated by an experienced management team.
Learn more about OCL Technologies at https://www.ocltechnologies.com/.
For further information, contact:
Telephone: (604) 685-1017
Fax: (604) 685-5777
US OTC Markets (OTCQB): https://www.otcmarkets.com/stock/OVTZ/security
Frankfurt Borse: https://www.boerse-frankfurt.de/equity/oculus-visiontech
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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. All statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, statements as to the intended uses of the proceeds received from the Offering. Often, but not always, forward-looking statements can be identified by words such as “pro forma”, “plans”, “expects”, “may”, “should”, “budget”, “schedules”, “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. Actual results could differ from those projected in any forward-looking statements due to numerous factors including risks and uncertainties relating to, among others, the change of business focus of the management of Oculus, the inability of Oculus to pursue its current business objectives, the ability of the Company to obtain any required governmental, regulatory or stock exchange approvals, permits, consents or authorizations required, including TSXV final acceptance of the Offering and any planned future activities, and obtain the financing required to carry out its planned future activities. Other factors such as general economic, market or business conditions or changes in laws, regulations and policies affecting the Company’s industry, may also adversely affect the future results or performance of the Company. 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 those beliefs, plans, expectations, or intentions will prove to be accurate.
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