Some basic info about channel partner ACS CSI
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Posted On: 08/21/2019 12:16:45 PM
Some basic info about channel partner ACS
CSI (ACS) licenses 2 types of technology from SFOR.
The anti-keylogger stuff:
GuardedID/MobileTrust by SFOR was modified/branded for ACS into EndpointLock
(ACS has a number of reseller deals for this product/technology that include DSS, FirstData, McAfee & many more)
The authentication stuff:
ProtectID by SFOR and it's out-of-band authentication tech can also be utilized by ACS
(we await more information about existing ACS deals that may integrate this technology into the payment card industry and other industries. Existing deals such as FirstData & McAfee are likely candidates.)
The SFOR agreement with CSI (ACS) includes both the anti-keylogger and authentication technologies. Below I mention only the anti-keylogger info.
CSI (ACS) pays SFOR 15% on the sales for the anti-keylogger products that SFOR created and then branded for them (Endpointlock).
CSI (ACS) had also agreed to purchase the anti-keylogger patents for 9m. Later the timeline was extended and the amount increased to 10m. They haven't paid the fee yet to buy the anti-keylogger patents as was indicated on the 10k and recent 10Q.
In the future, after they make payment for the anti-keylogger patents, the 15% licensing fee to SFOR continues but only on 1/2 of the sales.
original agreement
https://www.sec.gov/Archives/edgar/data/12855...r_ex21.htm
an update on the 10K
https://www.sec.gov/Archives/edgar/data/12855...0SCHEDULES.
In March 2019, the option to purchase agreement was modified to increase the purchase price to $10,000,000 and extend the expiration date to September 30, 2021. Also, if the note as modified is not paid in full by the extended due date, then the purchase price shall increase to $11,000,000 with a due date of September 30, 2022
CSI (ACS) licenses 2 types of technology from SFOR.
The anti-keylogger stuff:
GuardedID/MobileTrust by SFOR was modified/branded for ACS into EndpointLock
(ACS has a number of reseller deals for this product/technology that include DSS, FirstData, McAfee & many more)
The authentication stuff:
ProtectID by SFOR and it's out-of-band authentication tech can also be utilized by ACS
(we await more information about existing ACS deals that may integrate this technology into the payment card industry and other industries. Existing deals such as FirstData & McAfee are likely candidates.)
The SFOR agreement with CSI (ACS) includes both the anti-keylogger and authentication technologies. Below I mention only the anti-keylogger info.
CSI (ACS) pays SFOR 15% on the sales for the anti-keylogger products that SFOR created and then branded for them (Endpointlock).
CSI (ACS) had also agreed to purchase the anti-keylogger patents for 9m. Later the timeline was extended and the amount increased to 10m. They haven't paid the fee yet to buy the anti-keylogger patents as was indicated on the 10k and recent 10Q.
In the future, after they make payment for the anti-keylogger patents, the 15% licensing fee to SFOR continues but only on 1/2 of the sales.
original agreement
https://www.sec.gov/Archives/edgar/data/12855...r_ex21.htm
an update on the 10K
https://www.sec.gov/Archives/edgar/data/12855...0SCHEDULES.
In March 2019, the option to purchase agreement was modified to increase the purchase price to $10,000,000 and extend the expiration date to September 30, 2021. Also, if the note as modified is not paid in full by the extended due date, then the purchase price shall increase to $11,000,000 with a due date of September 30, 2022
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