Newsroom

2021-10-04 08:06 Regulatory

CEO update

Great focus has continued on development in line with our previously communicated development plan. The development is progressing according to our estimates, and we are taking new steps with each passing day.

At the turn of the year, we will have the first version of our very own decentralized network that is verified with blockchain technology, where the uploaded data is end-to-end encrypted with NSA (US National Security Agency) approved AES 256-bit encryption. Only the encryption provides impenetrable protection. The network is run by us, but the data is owned by nodes and users, where people on Mac, Linux, or Windows can contribute part of their hard drive to the network. So provide JS Security with storage space.

This also increases our already large margins towards customers and gives us a good boost on the way to our vision of a national self-sufficient data storage network.

We have also worked both hard and actively with customer processing linked to our existing product range, which we are beginning to see can bear fruit. In the wake of the pandemic and the restrictions that were then set, resulted in increased teleworking for many companies. This has meant a catalyst for the digitalization of society, which has drastically increased the number of cyber-related crimes. We are well-positioned in the market to take advantage of this.

We are experiencing an increased desire to buy from companies. Partly thanks to the fact that the problem of cyber-related crimes is receiving more and more attention in the media and that companies themselves realize the alternative cost that can arise if they are affected. The focus remains on processing the market and creating additional business opportunities.

During the fourth quarter, we will now continue to work according to our strategy to create additional long-term value for all our shareholders.

Pontus Wilgodt
Acting CEO, JS Security

For further information, please contact:

Christopher Ramstedt, Chief Operating Officer & Head of Investor Relations
ir@jssecurity.tech

About JS Security

JS Security is a Swedish blockchain-based cybersecurity group. The company's expertise lies in the development of advanced technological infrastructure and platforms based on blockchain technology. JS Security offers secure decentralized data storage and complementary applications primarily for B2B. The current customers are located in Scandinavia. JS Security has offices in Helsingborg and headquarters in Stockholm.

The company's shares are listed on Spotlight Stock Market.