$2.6M
MARKET CAP LFER
REVEALS POTENTIAL
"BULLETPROOF"
CYBERSECURITY BLOCKCHAIN SOLUTIONS FOR BILLIONS
OF IOT
DEVICES GLOBALLY
April 26,
2021 -- InvestorsHub NewsWire -- via
BioResearch Alert --
-
The
IoT (Internet
of Things) offers
new opportunity for business to create value, however the constant
connectivity and data sharing also creates new opportunities for
hackers and greatly increases the risk of cyber security
breaches
-
Cybersecurity
Ventures reports cybercrimes are predicted to
cost the world $6
trillion annually by the end of
2021
"Insight",
a leading expert in IoT and Cloud technology found
nearly
80% of
senior IT and IT security leaders believe their organizations lack
sufficient protection against cyberattacks despite increased IT
security investments made in 2020
-
LFER
recently
announced
it has entered
into Binding Agreement to acquire
SmartAxiom,
Inc. that
has "Novel Bulletproof"
Blockchain
Cybersecurity Solutions to protect IoT devices from
hackers.
-
Niraj
Kadakia, IBM Business Development
and Embedded Analytics, says,
"If every
IoT device can be an entry point for hackers, what happens when you
add tens of thousands of internet
connected
devices to your corporate network? We (IBM) are excited to be
working with SmartAxiom
because
their mission is to solve this problem by making IoT
safer"
-
SmartAxiom's customers and
solutions that are under trial include,
CSCO, INTC,
IBM, MRVL, TOY, HPE, Volvo, Mazda,
Xerox, MSFT, Amazon Web Services, Renesas, NXP,
NuLeds, BOA, Globe
Teleservices
-
LFER has
approximately 26
million common shares outstanding pre-acquisition of
SmartAxiom. Share price is $.10 yielding
a market cap of $2.6 million pre-acquisition
Internet of
Things
The Internet of Things refers
to a system of interrelated, internet-connected objects that are
able to collect and transfer data over a wireless network without
human intervention.
The personal or business
possibilities are endless. A 'thing' can refer to a connected
medical device, a biochip transponder, a solar
panel, a connected automobile with sensors that alert the driver to
a myriad of possible issues (fuel, tire pressure, needed
maintenance, and more) or any object, outfitted with sensors, that
has the ability to gather and transfer data over a
network.
Today, businesses are
motivated by IoT and the prospects of increasing revenue, reducing
operating costs, and improving efficiencies. Businesses also are
driven by a need for regulatory compliance. Regardless of the
reasons, IoT device deployments provide the data and insights
necessary to streamline workflows, visualize usage patterns,
automate processes, meet compliance requirements, and compete more
effectively in a changing business environment.
The
Problem
IoT devices are a powerful
new technology, however, they also create new opportunity for
hackers as billions of new entry points that can result in
devastating losses for the businesses using them. An enormous and
growing unmet need for effective cybersecurity for IoT is
demonstrated very clearly by the soaring number of breaches that
continue to result in millions of dollars per incident and billions
of dollars in losses every year.
As Niraj Kadakia of IBM Business Development
and Embedded Analytics stated above, we clearly have
vulnerabilities and a big unmet need for improved
secure IoT solutions.
The
Solution
Life On Earth, Inc. (LFER:
OTC) recently announced their Binding Letter of Intent to
purchase 100% of SmartAxiom, Inc., a provider of
patented technologies based cyber security with unbreakable block
chain based IoT solutions for multiple industries that include
machine to machine (M2M) communications.
There are competing
cybersecurity solutions for IoT, however, none yet seems to work well enough to
prevent hackers from stealing valuable data.
SmartAxiom
has built a
patented solution based on the decentralized ledger of Blockchain
that is getting the attention of
big users such as, CSCO, INTC, IBM,
MRVL, TOY, HPE,
Volvo, Mazda, Xerox, MSFT, Amazon Web Services, Renesas,
NXP, NuLeds, boa, Globe
Teleservices.
The following illustrations
and charts describe SmartAxiom
and the timely
opportunity:
Conclusion
Considering
the small market cap of LFER, the enormous unmet need for Smart
Axiom's proprietary IoT Cybersecurity solutions,
SmartAxiom's novel
solutions, and an impressive list of well-known companies that are
now engaging with SmartAxiom,
LFER appears to be positioning for formidable growth with
their recently
announcement to acquire Smart Axiom. Interested investors should
consider that the small available float could result in greater
than expected volatility. Because of the relatively thin float, it
would not be surprising to see LFER share price increase
dramatically when the Smart Axiom acquisition closes which is
expected soon.
About
Life On
Earth,
Inc.
Life on Earth, Inc. ("LFER")
is a Cloud Enterprise software developer and a provider that
enables rapid innovation that keeps the Cloud enterprise operations
safe, compliant and manageable. The products were designed to help
organizations innovate and modernize legacy systems while
minimizing cost and risk of business disruptions and ensure
regulatory compliance. For more information, please visit our
corporate website - www.lifeonearthinc.com.
Investors and corporate
inquiries, please contact: info@lifeonearthinc.com |
(646) 844- 9897
About
SmartAxiom,
Inc.
SmartAxiom's
software manages
and secures IoT devices through patented, lite blockchain
technology running among those devices at the edge of the Internet
- enabling them to defend themselves. Our peer-to-peer distributed
ledgers improve security, latency, reliability and manageability.
We uniquely create the first true endpoint-to-cloud blockchain
solution, while our IoT Smart Contracts push intelligence to the
edge. SmartAxiom
technology is
proving valuable in many verticals such as smart buildings,
manufacturing lines, in vehicles and shipment tracking. It
interoperates with enterprise systems such as IBM Blockchain and
Microsoft Azure and is proven on many ARM and Intel based
microcontrollers such as those from Intel, NXP, Renesas, Marvell,
and Broadcom.
https://www.smartaxiom.com
Safe Harbor
Act and
Disclosure
Forward-Looking Statements:
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
These statements appear in a number of places in this release and
include all statements that are not statements of historical fact
regarding the intent, belief or current expectations of Life on
Earth, Inc. its directors or its officers with respect to, among
other things: (i) financing plans; (ii)
trends affecting its financial condition or results of operations;
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relating to the Company's financing being adequate for the Company
to develop and market its software products, and to launch its
growth and expansion plans, among others, are not guarantees of
future performance and involve risks and uncertainties, many of
which are beyond Life on Earth, Inc.'s ability to control, and
actual results may differ materially from those projected in the
forward-looking statements as a result of various factors. No
information in this press release should be construed in any way
whatsoever as an indication of Life on Earth, Inc.'s future
revenues, financial performance or stock price. BioResearchalert
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for this article. More information about the
potential factors that could affect the business and financial
results is and will be included in Life on Earth, Inc.'s filings
with the Securities and Exchange Commission at www.sec.gov.
SOURCE:
BioResearch Alert