|By Business Wire||
|May 27, 2014 08:31 AM EDT||
Skkynet Cloud Systems, Inc. (“Skkynet” or “the Company”) (OTC.BB:SKKY), a global leader in real-time cloud information systems is pleased to announce the launch of Skkynet VINE™ real-time data middleware for connecting Excel spreadsheets in real time. Traders, brokers, and financial analysts can now benefit from having analytics for any incoming data feed displayed and updated immediately, as the data arrives. A free demo version can be downloaded at: www.skkynet.com/vine.
“Every trader has Excel on his desktop,” said Mr. Paul Thomas, President of Skkynet, “but until now there was no efficient and cost-effective way to network the data in and out of spreadsheets in real time. This technology can significantly enhance the trading process.”
The real-time data transmission technology used in Skkynet VINE is the same as is used in the Skkynet Secure Cloud Service, which has been attracting interest in the investment community, and will be discussed in Skkynet’s presentation at the 3rd Annual Marcum MicroCap Conference on May 29th in New York City at the Grand Hyatt Hotel.
At its core, Skkynet VINE is an industrial system, based on 19 years of experience in real-time data collection, integration, and distribution for mission-critical process control data. The result is a powerful real-time middleware product in a tiny package that can transfer tens of thousands of data changes per second between Excel spreadsheets across a LAN, WAN, or the Internet.
“We set up a small system with one of our traders in New York and in 15 minutes we got an email back saying he thought it was amazing,” said the manager of a pilot project team at Breakwater Trading. “The update cycle between New York, Chicago and back to New York was reduced from around a minute with our old Linux system, to less than a second using Skkynet VINE.”
Skkynet VINE’s unique, non-intrusive, firewall-friendly, low bandwidth and highly scalable solution allows users to not only control data distribution, but also intellectual property. Because it shares only analytical data, not the whole spreadsheet, all computations are secured and only selected results are distributed.
About Skkynet Cloud Systems, Inc.:
Skkynet Cloud Systems, Inc., through its wholly owned subsidiary Cogent Real-Time Systems Inc., is a leading developer of VINE™ and DataHub® software and related systems and facilities for collecting, processing and distributing real-time information over networks. This capability allows our clients to both locally and remotely manage, supervise and control industrial processes, embedded devices and financial information systems. Through their web-based assets, WebView™ enables data connectivity and visualization over the cloud, providing clients and their customers the necessary ability and tools to observe and interact with these processes and services in real time, empowering them to fully control their systems and analyze their data. DataHub® and WebView™ are trademarks used under license.
This news release contains “forward-looking statements” as that term is defined in the United States Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements, including beliefs, plans, expectations or intentions regarding the future, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors, such as the inherent uncertainties associated with new business opportunities and development stage companies. We assume no obligation to update the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.