Latest news with #PrescientSecurity
Globe and Mail
23-05-2025
- Business
- Globe and Mail
Abaxx Singapore Achieves ISO/IEC 27001:2022 Certification for Information Security Management
TORONTO, May 23, 2025 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (' Abaxx ' or the ' Company '), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte. Ltd. (' Abaxx Singapore '), the owner of Abaxx Commodity Exchange and Clearinghouse (individually, ' Abaxx Exchange ' and ' Abaxx Clearing '), and producer of the SmarterMarkets™ Podcast, today announced that Abaxx Singapore has achieved ISO/IEC 27001:2022 certification for its Information Security Management System (ISMS). The certification confirms that Abaxx Singapore's exchange and clearing infrastructure meets internationally recognized standards for securing data, managing risk, and supporting operational resilience. The certification was awarded by Prescient Security, an independent global cybersecurity firm specializing in information security audits, compliance assessments, and penetration testing. ISO/IEC 27001:2022 is the global standard for information security management systems (ISMS), providing a framework for managing data security risks across people, processes, and technology. It is jointly published by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC). As part of the certification process, Abaxx Singapore underwent a comprehensive audit of its IT systems, risk management protocols, and governance controls. The review confirmed alignment with global best practices for establishing, maintaining, and continually improving information security management frameworks. 'Achieving ISO/IEC 27001:2022 certification demonstrates that our exchange and clearing infrastructure aligns with the highest global standards for information security,' said Nancy Seah, CEO of Abaxx Exchange. 'For market participants, it provides assurance that the systems supporting trade execution, clearing, and data protection are built on a secure and resilient foundation. It also supports onboarding and ongoing operations with global institutions that require independently audited controls for risk, compliance, and business continuity.' About Abaxx Technologies Abaxx Technologies is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transition. In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the indirect majority shareholder of Abaxx Singapore Pte. Ltd., the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiary Abaxx Spot Pte. Ltd., the operator of Abaxx Spot. Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally-cleared, physically-deliverable futures contracts in LNG, carbon, battery materials, and precious metals, meeting the commercial needs of today's commodity markets and establishing the next generation of global benchmarks. For more information about this press release, please contact: Steve Fray, CFO Tel: +1 647 490 1590 Media and I nvestor inquiries: Abaxx Technologies Inc. Investor Relations Team Tel: +1 647 490 1590 E-mail: ir@ Cautionary Statement Regarding Forward-Looking Information This press release includes certain 'forward-looking statements' which do not consist of historical facts. Forward-looking statements include estimates and statements that describe Abaxx's future plans, objectives, or goals, including words to the effect that Abaxx expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'seeking', 'should', 'intend', 'predict', 'potential', 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'will', 'continue', 'plan' or the negative of these terms and similar expressions. Since forward-looking statements are based on current expectations and assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Abaxx, Abaxx does not provide any assurance that actual results will meet respective management expectations. Risks, uncertainties, assumptions, and other factors involved with forward- looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information related to Abaxx in this press release includes, but is not limited to: Abaxx's objectives, goals or future plans; focus on risk management; and development of secure infrastructure. Such factors impacting forward-looking information include, among others: risks relating to the global economic climate; dilution; Abaxx's limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx's products and operations; the ability to list Abaxx's securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third- party software license risk; system failure risk; risk of technological change; dependence of technical infrastructure; changes in the price of commodities; capital market conditions; and restriction on labor and international travel and supply chains in addition to the risk factors identified in the Company's most recent management discussion and analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx's normal course of business. Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward- looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.
Associated Press
07-05-2025
- Business
- Associated Press
AITX Completes SOC 2 Type 2 Audit, Demonstrating Security Leadership in a Market Lacking Compliance
SOC 2 Type 2 Certification Affirms Robust Security Practices, Supporting AITX's Growth with Enterprise Clients Detroit, Michigan--(Newsfile Corp. - May 7, 2025) - Artificial Intelligence Technology Solutions, Inc. , (OTC Pink: AITX) (the 'Company'), a global leader in AI-driven security and productivity solutions, today announced that it has successfully completed its SOC 2 Type 2 audit, demonstrating the Company's continued adherence to high standards of data security, availability, and confidentiality. This achievement confirms the effectiveness of AITX's internal controls and security protocols across its subsidiaries, further strengthening the Company's position as a trusted partner to enterprise clients and channel partners. [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: The SOC 2 Type 2 audit, conducted by Prescient Security , evaluates not just the design but also the operational effectiveness of AITX's internal controls over time. Covering a multi-month observation period, the audit confirms that AITX's systems and processes meet the rigorous requirements outlined by the American Institute of Certified Public Accountants (AICPA) across the trust service criteria of security, availability, and confidentiality. 'This successful audit is a direct result of the discipline and professionalism our team brings to every aspect of our operations,' said Steve Reinharz, CEO/CTO of AITX and its four RAD subsidiaries. 'It reflects our focus on earning and keeping the trust of enterprise clients, especially those with complex compliance and risk requirements. We are building not just great solutions, but a great company.' Achieving SOC 2 compliance has become a critical requirement for organizations aiming to engage with large enterprises and government agencies. Many public sector entities, including municipal, state, and federal agencies, increasingly mandate SOC 2 compliance as a prerequisite for service providers. This trend reflects a broader emphasis on stringent data security and privacy standards in vendor selection processes. For instance, local governments are adopting SOC 2 assessments to ensure that their partners adhere to robust cybersecurity practices, thereby safeguarding sensitive information and maintaining public trust 1 . 'Our commitment to enterprise-grade compliance standards is more than a checklist, it's embedded in how we operate,' said Mark Folmer, CPP, PSP, President of Robotic Assistance Devices, Inc. (RAD). 'Completing the SOC 2 Type 2 audit reflects the maturity of our internal systems and our ability to meet the expectations of large-scale clients and government entities. It reinforces that our processes are built to scale responsibly.' For current and prospective clients, SOC 2 Type 2 compliance provides assurance that the Company's systems are designed and operated to safeguard data consistently over time. The certification validates that key operational processes, including access controls, data handling, incident response, and system monitoring, are reliable, tested, and aligned with industry best practices. This assurance is especially meaningful for enterprise clients and public agencies that rely on RAD's AI-driven security technologies to protect people, property, and sensitive environments. 'This process required significant effort across multiple teams, and I'm proud of how we executed,' continued Reinharz. 'Achieving SOC 2 Type 2 compliance positions us to engage with a broader range of enterprise and government clients who demand this level of operational integrity. It opens doors to new opportunities that align with our long-term growth and revenue strategy.' The Company's SOC 2 Type 2 documentation is available to qualified organizations upon request, subject to the execution of a non-disclosure agreement. AITX, through its subsidiary, Robotic Assistance Devices , Inc. (RAD), is redefining the nearly $50 billion (US) security and guarding services industry 2 through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. The Company's operations and internal controls have been validated through successful completion of its SOC 2 Type 2 audit, reinforcing the Company's credibility with enterprise and government clients who require strict data protection and security compliance. RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time. AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit , , , , , , and , or follow Steve Reinharz on Twitter @SteveReinharz . CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the 'Company'). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price. ### Steve Reinharz 949-636-7060 @SteveReinharz 1 2 To view the source version of this press release, please visit
