VANCOUVER, BC / ACCESSWIRE / October 24, 2016 / Oculus VisionTech Inc. (the “Company” or “Oculus”) (TSX.V: OVT; OTCBB: OVTZ; FSE: USF1) is pleased to announce that it has completed field testing and related software stress tests on its proprietary Cloud-based document protection system technology (DPS). Oculus’ DPS1.0 product underwent stress testing at several independent and internal sites, providing comprehensive test reports with a base of several thousand document protections, authentications and testing for tamper-proofing from malicious interference. Oculus’ commercial release of DPS1.0 is expected over the coming weeks.
Oculus’ DPS includes a unique image processing based tamper-proof feature. DPS1.0 incorporates this feature by capturing any material changes and highlighting each and every change to a document, in addition to providing a time-stamp and source of interference.
Tom Perovic, a director of the Company, who oversees the testing and launch of the Company’s DPS technology stated, “We are pleased to announce the official release of the Cloud-based, online digital document protection system – DPS1.0, which has completed field testing, with a negligible false positive/false negative ratio. Our DPS1.0 passed a series of stress tests on a test base of several thousand documents with a near perfect score on test reports generated during test procedures. With the release of DPS1.0, Oculus is moving forward with its plans to make its DPS technology available for commercial and individual usage, which should give the Company and its DPS technology significant market exposure.”
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 oculusvisiontech.com or follow us on Twitter and Facebook.
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, 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.