Boardwalktech Secures New Deployment by HCL Technologies

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CUPERTINO, CA, Feb. 13, 2019 /PRNewswire/ - (TSXV:BWLK) - Boardwalktech Software Corp ("Boardwalktech") announced today that it has added a significant new deployment with HCL Technologies (NYSE:HCLTECH).

  • HCL Technologies has adopted and gone live with a price/quote management application powered by the Boardwalk Blockchain Digital Ledger Platform.
  • This new application is part of a recurring license being rolled out across HCL Technologies and is the first in a number of enterprise applications being digitally transformed across the business utilizing the Boardwalk Blockchain Digital Ledger Platform.
  • Eventually, this price/quote management application is expected to support thousands of users across HCL's worldwide operations.

"We are proud to partner with the great team at HCL on this important application." said Andrew T. Duncan, President and CEO of Boardwalktech Software Corp. "Our patented Digital Ledger Platform is in use by some of the largest companies in the world, like HCL, where applications can be quickly configured, integrated with the extended enterprise, and deployed using legacy desktop apps, a browser, or a mobile device. Boardwalk's patented technology delivers on the global demand for secure digital information exchange - providing management, trust, and provenance for all participants in the value chain, resulting in a more efficient, secure and trusted digital information exchange. We remain committed to our mission of helping all enterprises move to a state of being 100% Digital."

The Boardwalk Blockchain Digital Ledger Platform is ideal for multi-party enterprise applications enabling trusted, authenticated and secure transactions managed on a private permissioned digital ledger. What is unique about the Boardwalktech digital ledger technology is that it captures the provenance of both on and off chain data exchanges between multiple parties. Our platform provides the end-to-end framework needed for enterprise customers to digitally transform existing manual processes, like price/quote management, enabling a more timely, accurate and predictive business outcome.

About Boardwalktech:

Boardwalktech has developed a patented Blockchain Digital Ledger Technology Platform that is in use today by 26 of the Fortune 500 running over 100 live mission critical applications world-wide. This enterprise platform allows for multi-party collaboration, provenance, verification and immutable transactions on a trusted, shared, and secured private permissioned blockchain cloud service. The Boardwalktech platform allows rapid blockchain application development on any device or user interface, supporting both on/off-chain "smart contract" business logic and full integration with enterprise systems of record.

About HCL:

HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. Our technology products, services and engineering are built on four decades of innovation, with a world-renowned management philosophy, a strong culture of invention and risk-taking, and a relentless focus on customer relationships. With a worldwide network of R&D, innovation labs and delivery centers, and 132,000+ 'Ideapreneurs' working in 44 countries, HCL serves leading enterprises across key industries, including 250 of the Fortune 500 and 650 of the Global 2000. HCL generated consolidated revenues of USD 8.4 billion for 12 months ended 30th Sep 2018.

Forward-Looking Information and Statements

This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved".

By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements.

An investment in securities of the Company is speculative and subject to several risks including, without limitation, the risks discussed under the heading "Risk Factors" in the Company's filing statement dated May 30, 2018. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE BoardwalkTech

Released February 13, 2019