Ecrypt Technologies, Inc. (OTCQB:ECRY) Has Seen Stock Price and Average Daily Volume Soar, Over 100%, Since Announcing Recent Developments
ECRY announced last week that the Alpha Unit for its one of a kind secure email system, Ecrypt One, will be released by the end of July. Combine that with a slew of strategic partnerships with excellent IT security companies such as QCR and Genesys, along with the strong leadership guiding Ecrypt Technologies, and investors in the company have truly been excited. ECRY's stock price has more than doubled in the past ten days, rising from .12 per share to as high as .27 per share. More importantly, the 3 month average daily volume, a stock movement indicator, has risen from 5000 shares trading per day to nearly 10,000 shares trading per day in just a week. Why the sudden strong interest?
Aside from the release announcement, ECRY has announced a series of strategic partnerships designed to both generate revenue and to offer fully comprehensive network security solutions to companies in dire need of effective network security. Some of these partnerships include:
•QCR Corp.: A highly respected software and consulting specialist.
•Enterprise Sentinel: A company that develops innovative password replacement technology.
•Silanis: Developer of e-SignLive™, a cutting edge electronic signature solution.
•Genesys Technologies: A leader in the field of wireless high tech communications and anti-hacking technology.
•innoBots: A proven developer of innovative unmanned systems and robotics technology.
•Cyber Risk Pro Services: A trusted industry leader in cyber breach protection products, services, and solutions.
•NUWA™ Executive Academy for Security, Defense and Intelligence Professionals: Dedicated to building critical business expertise among women entrepreneurs.
The release of Ecrypt One itself has also been highly anticipated by many large, high end public and private organizations, which spend billions of dollars a year on information security without addressing the real problems that threaten their networks or infrastructure. The real problem, the problem that poses the most dangerous threat to any network today, is human error. Over 70% of all data breaches are caused by human error. ECRY's Ecrypt One, a comprehensive secure email system, has been created to address that problem once and for all, delivering a military strength security system to the public market. Ecrypt One has been designed by a management group with years of corporate, government, military, and Department of Homeland Security experience. In fact, ECRY's Chairman, Curt Weldon, served 2 decades in Congress, retiring as Vice Chairman of both the Armed Services Committee and the Homeland Security Committee. Directors Dr. Erik Mettala is an Information Systems Security Association (ISSA) International Hall of Fame inductee and the Honorable Jay Cohen, a retired Rear Admiral of the United States Navy, is a former Under Secretary of Homeland Security for Science and Technology of the United States Department of Homeland Security. You can't be much more qualified than that. Put all of these recent developments together and the years, resources and ingenuity that ECRY has poured into Ecrypt One, and it's easy to see why the stock has seen so much activity in recent days, and why investors are so excited.
Disclosure: The author is long ECRY.