With the momentum of our company growing we want to now make our technology accessible to a broader part of the market, and feel that the iPhone, with its proven success, is the next logical step
Boulder, CO (Vocus) February 25, 2010
eCrypt Technologies (OTC BB:ECRY) has commenced pre-development activity of its flagship product, “eCrypt” wireless email encryption software, for Apple’s iPhone operating system.
Considering the market share that Apple’s iPhone has gained over the past 2 years, it is a natural progression for eCrypt to make its flagship encryption solution available to iPhone users. Currently iPhone represents approximately18% of the world’s smartphone market share, making this is a very strategic step for eCrypt. The iPhone is gaining market share exponentially, and by capturing even a small share of the iPhone’s user base, eCrypt will add tremendously to its shareholders’ value.
“With the momentum of our company growing we want to now make our technology accessible to a broader part of the market, and feel that the iPhone, with its proven success, is the next logical step,” commented Brad Lever, President and CEO of eCrypt Technologies, Inc. “This is just one of the steps eCrypt is taking to maximize our stakeholders’ value.”
Global smartphone market share figures released by Canalys in Q3 of 2009 showed that the iPhone and BlackBerry® smartphone steadily increase their market dominance, while other platforms like Symbian shrink away. In December of 2009, Silicone Alley Insider published a chart showing the smartphone user base and the rate of growth during 2009, in absolute terms. This chart revealed that the iPhone, and BlackBerry® smartphone, are realizing major growth, especially as compared to platforms like Windows Mobile and Symbian. In survey results released in January of this year, Paul Carton and Jean Crumrine of ChangeWave Research commented that "the current survey shows Apple is still excellently positioned to outperform in the consumer smart phone market going forward."
“We expect to have development of 'eCrypt' for the iPhone completed, BETA tested, and ready for release in June of this year,” said Brad Lever.
To try “eCrypt” wireless email encryption software for FREE, go to eCrypt's website and enter PROMO CODE: PR0225.
About eCrypt Technologies
eCrypt Technologies, Inc. is an information security firm with a focus on the wireless industry. Its flagship product “eCrypt”, is a first-of-its-kind encryption software for wireless email, and is available under a perpetual license or on a pay-per-use basis. Using the strongest encryption algorithms available, eCrypt software prevents unwanted access to email messages during transmission and storage on servers and PCs. Users may communicate freely with each other knowing that no one has access to the content of their emails.
eCrypt Technologies has successfully obtained a Mass Market Status for its product from the U.S. Department of Commerce, Bureau of Industry and Security. This status allows eCrypt to export and re-export the software under section 742.15(B)(2) of the Export Administration Regulations, and is recognized by the Wassenaar Arrangement.
(BlackBerry® and related marks and logos are owned by Research In Motion Limited and are registered and/or used in the U.S. and elsewhere. Used under license from Research In Motion Limited. eCrypt email encryption software is from eCrypt Technologies, Inc. and has not been authorized, sponsored, or otherwise approved by Research In Motion Limited.)
# # #