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Investment from National Capital Region Cleared Defense Contractor to Facilitate Development of Post Quantum Computing-Resistant Encryption Integration Solutions
LOS ANGELES, May 29, 2018 -- Paranotek, LLC a wholly owned subsidiary of WorldFlix, Inc.
(OTC: WRFX), today announced a financial investment from an undisclosed cleared defense contractor to develop a series of Application Programming Interfaces (API) to its patent pending Post Quantum-Computing Resistant Encryption Protocol, called Parano™ to license to big data integrators in the lucrative United States Government big data market.
During a trip to the Washington DC area last week, Paranotek CEO Mick Davis and members of his security solutions team met with a number of cleared defense contractors serving the United States Defense Information Systems Agency ( DISA ), Department of Homeland Security ( DHS ), Department of Defense ( DoD ) and the US Intelligence Community ( IC ) as well as a senior technical representative from the United States Naval Air Systems Command ( NAVAIR ).
Mr. Davis stated, “honoring the strict confidentiality of these partners, the trip was very productive, and we are pleased to have receive a targeted investment from one of these partner cleared defense contractors to develop a series of Parano™ Software Development Kits (SDK) to facilitate the security of their big data and FedRAMP cloud integration solutions”.
In addition to the API investment news, Davis said, “Paranotek is formulating the contract and technical details to license Parano™ to a world-class aerospace data information system company including co-developing a revenue generating app for one of their aviation related products”.
Mick and his team were encouraged to pursue a coveted Cooperative Research and Development Agreement ( CRADA ) within a joint agency agreement between the US Navy and Defense Advanced Research Projects Agency ( DARPA ) to address a number of security topics to advance data integrity and security within the global aviation community.
Post Quantum Computing-Resistant Encryption Integration Solutions
Insert-tag-herehttps://en.wikipedia.org/wiki/Post-quantum_cryptography
API
Insert-tag-herehttps://en.wikipedia.org/wiki/Application_programming_interface
National Capital Region
Insert-tag-herehttps://www.gsa.gov/about-us/regions/welcome-to-the-national-capital-region-11
DISA
Insert-tag-herehttps://en.wikipedia.org/wiki/Defense_Information_Systems_Agency
DoD
Insert-tag-herehttps://www.defense.gov/
DHS
https://www.dhs.gov/
IC
Insert-tag-herehttps://en.wikipedia.org/wiki/United_States_Intelligence_Community
NAVAIR
Insert-tag-herewww.navair.navy.mil/
SDK
Insert-tag-herehttps://en.wikipedia.org/wiki/Software_development_kit
CRADA
Insert-tag-hereacqnotes.com/acqnote/tasks/cooperative-research-and-development-agreement
Insert-tag-herehttps://en.wikipedia.org/wiki/Cooperative_research_and_development_agreement
DARPA
Insert-tag-herehttps://www.darpa.mil/about-us/about-darpa