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Sunday, January 16, 2022

What’s Behind the Ironclad Encryption Corp (OTCMKTS:IRNC) Jump

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Another dramatic power-pop on the OTC this week can be found in shares of Ironclad Encryption Corp (OTCMKTS:IRNC). The stock has ramped in a (thus-far) two-day parabolic launch on over 5 times the stock’s average volume over the past 3 months. The catalyst for the move is clear: The company just announced that it has received notice from the United States Patent and Trademark Office that seven of its patents have been granted.

According to the release, the patents granted include: Securitization of Temporal Digital Communications with Authentication and Validation of User and Access Devices, User-Wearable Secured Devices Provided Assuring Authentication and Validation of Data Storage and Transmission, Devices for Transmitting and Communicating Randomized Encrypted Data Utilizing Sub-Channels, Executable Coded Cipher Keys, Combined Hidden Dynamic Random-Access Devices Utilizing Selectable Keys and Key Locators for Communicating Randomized Data together with Sub-Channels and Coded Encryption Keys, Devices that Utilize Random Tokens Which Direct Dynamic Random Access, and Securitization of Temporal Digital Communications via Authentication and Validation for Wireless User and Access Devices.

Ironclad Encryption Corp (OTCMKTS:IRNC) trumpets itself as a company that develops and licenses cyber software technology that encrypts data files and electronic communications.

The company sells ICE-enabled security applications, subscriptions, services, and maintenance contracts, as well as ultra-secure BlackICE gateway and ultra-secure ICE Phone. It also provides confidential services in support of infrastructure projects, including the deployment of ICEmicro, IronClad’s proprietary technology, and context free and natively secure containers.

The company was founded in 2006 and is based in Houston, Texas.

According to company materials, “IronClad Encryption is an X-Generation cyber defense company that secures digital assets and communications across a wide range of industries and technologies. IronClad Encryption-powered solutions utilize our patented Dynamic Encryption and Perpetual Authentication technologies to make all known key-based encryption technologies virtually impossible to compromise. Dynamic Encryption Technology eliminates vulnerabilities caused by exposure of any single encryption key by continuously changing encryption keys and keeping the keys synchronized in a fault-tolerant manner. Perpetual Authentication Technology uses multiple virtual channels for encryption so that in the event one channel is compromised, the other channels maintain encryption integrity. Together, these technologies not only eliminate the single point of failure problem created by having keys exposed through brute force, side channel, or other types of attack, but do so with very low latency and system performance overhead. Developers, MSPs, MSSPs and IT organizations can now easily and effectively integrate ultra-secure authentication and encryption measures across essentially all mediums. This includes the latest processors and operating systems, legacy hardware and software, within or between networks and on compartmentalized data or entire databases. At rest or in-motion, IronClad Encryption ensures data remains safe, secure and uncompromised.”

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As noted above, IRNC just announced that it has received notice from the United States Patent and Trademark Office that seven of its patents have been granted.

Recent action has seen in excess of 740% during the past month in terms of shareholder gains in the stock. Moreover, the listing has seen a growing influx of trading interest, with the stock’s recent average trading volume running just shy of 860% above the average volume levels in play in this stock over the longer term.

“Having these patents granted is an important milestone for IronClad to secure its patent portfolio and deliver highly differentiated, best-in-class security products,” said JD McGraw, President and CEO of IronClad Encryption. “Our patent portfolio is one of our greatest assets and will serve as the foundation of the company’s success for years to come.”

At this time, carrying a capital value in the market of $6.44M, IRNC has a store ($110K) of cash on the books, which must be weighed relative to about $5.1M in total current liabilities. IRNC is pulling in trailing 12-month revenues of $780K. However, the company is seeing recent declines on the top-line on a sequential quarterly basis, with revenues falling at -100% as of its latest reporting period. We will update the story again soon as developments transpire. Sign-up for continuing coverage on shares of $IRNC stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $IRNC, either long or short, and we have not been compensated for this article.

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