HENDERSON, Nev., March 9, 2015 (GLOBE NEWSWIRE) -- National Scientific Corporation a/k/a CipherLoc Corporation (OTCQB:NSCT), announces today that CipherLoc has engaged Noam Kaiser of Gemini Ventures, Israel to validate the technology as well as the identification of licensed broker and dealers to assist the Company in its capital raise. Together with his team in Israel, Noam brings extensive experience as it relates to digital cryptography, encryption and security as it pertains to the Internet of Things. With this addition, CipherLock has been able to engage some of the best cyber-security experts that currently or have worked for state and national defense institutions in an array of deployments.
Noam Kaiser is an experienced VC investment Manager, with expertise in screening early stage ICT companies, and supporting startup companies' business development efforts.
His experience includes leading the seed stage ICT companies screening for the Ofer GroupTechnological Incubator, Naiot Venture Accelerator, and currently manages Investment activities and deal flow for one of Israel's leading Venture Capital funds, Gemini Israel Ventures.
Noam is the Principal investment manager of Gemini Israel Ventures, one of Israel's most prominent VC funds, with over $750M under management, over 120 investments and 25 successful exits, currently investing from its 5th fund. Portfolio companies Under Noam's management include: Implisit, Xjet 3D, Jfrog, SAmanage, QualiSystems, Netotiate, LoyalBlocks
The Ofer Group, Israel's leading industrial and commercial conglomerate, is a multi-billion dollar global holdings group made up of diverse, innovative market-leading companies, in the shipping, aviation, hi-tech, real- estate and media sectors.
The Group Venture Capital activity is conducted through its subsidiary, the Ofer Hi Tech Group, which has invested approximately $200M in pre-seed and seed companies in both various life sciences and IT sectors. Prominent companies include Better Place, Lumenis, CheckMarx, YaDATA and Conduit. A vast majority of the portfolio is generated through the group's Technological Incubator, Naiot Venture Accelerator.
In his capacity as Investment Manger Noam was in charge of sourcing deal flow, performing due diligence, forming business strategies and accompanying portfolio product development and initial commercialization, as well as actively supporting portfolio companies follow on capital investment securing. He led the formation and initial investment of numerous startup companies, including Software/Internet companies: CmyCasa (Acquired by Autodesk), Concealium (Merged with Blatt-Lapidot), Mediscale, GRSee; as well as Medical devices companies: Cupola, ENT Surgical, PhotoPill, Thermacon, serving on some of these companies Board of Directors.
Startup companies screened and accompanied by Noam have been voted among Israel's top 10 most promising in 2009, and 2010. Noam is well regarded by his peers in the Israeli VC and startup arena, as a vibrant, thorough, entrepreneur oriented investment professional.
In addition to his Venture Capital background, Noam is an accomplished Entrepreneur and Innovation leader.
CipherLoc is the first Polymorphic Key Progression Algorithm (PKPA) Encryption Cipher Engine and it has the same characteristics as One Time Pads (OTP), but, without the prohibitive expense and latency. CipherLoc uses Set Theoretic Estimation applied to a topological space, information theory and is based on the information content in a message rather than the difficulty of the key and is mathematically provably secure. It does not rely exclusively on large keys and complicated permutation/obscuring techniques as do current IoT security measures. CipherLoc encryption technology offers compliance with standards, protection of data from "unauthorized eyes", client control of the encryption process, application compatibility with other mission critical business applications and scalability so that it continues to work as data and encryption demands grow.
This release contains 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
CONTACT: CipherLoc Corporation 1291 Galleria Drive Suite 200 Henderson, NV 89014 702-818-9011Source:CipherLoc Corporation