Xigem’s Cylix Data Corporation to Launch Next Generation of Business Risk Management Products | 2022-02-15 | Press Releases

A powerful new platform will be a one-stop-shop for business risk intelligence

Toronto, Ontario–(Newsfile Corp. – February 15, 2022) – Xigem Technologies Corporation (CSE: XIGM) (FSE: 2C1) (“Xigem“or the”Society“), a technology provider for the emerging remote economy, today announced that its wholly-owned subsidiary, Cylix Data Corporation, is launching the next generation of its Cylix Data business risk profiling platform, which includes a robust technology architecture, with a new intuitive user interface, to create a new, sustainably differentiated, best-in-class business intelligence platform.

The new version of Cylix Data will be entirely cloud-based and incorporates state-of-the-art artificial intelligence capabilities to provide a more intuitive and responsive user experience. While the industry standard is currently based on manual processes to deliver intelligence to consumers, Cylix results will come entirely from automation. Customer benefits include the ability to customize queries, get simplified web and PDF reports, and perform more searches seamlessly, faster.

Cylix Data offers a one-stop-shop for business risk assessment. The software sorts through a multitude of data points to provide the most comprehensive information available on the market, in the most relevant format for each user. Customers can use the results to make better business decisions, thereby mitigating risks to their suppliers, customers and partners.

“The launch of Cylix’s next-generation platform is the first in a series of significant enhancements that we plan to unveil in the coming months. We are very excited to introduce the new features and functionality to existing and new customers,” said Ezio D’Onofrio. , President, Cylix Data Corporation. “Applying updated capabilities to our existing data engine leads to an unparalleled business intelligence product that will enable dramatically improved decision making.”

Over a thirty-year operating history, Cylix Data’s underlying assets have made it one of the most comprehensive sources of business risk information available today. Powered by a proprietary database of over 74 million continuously updated data points, Cylix data has been trusted by hundreds of companies, including large blue chip companies and leading professional services firms .

Typical applications of Cylix data include assessing the financial viability of new business partners, performing due diligence, gaining risk assessment insights, preventing supply chain disruptions procurement and fraud prevention. Cylix Data Corporation’s near-term product roadmap includes enhancements designed to improve results for each of these uses.

Like previously disclosedCylix Data Corporation is in the final stages of a nearly million dollar upgrade to its technology platform.

About Xigem Technologies Corporation

Based in Toronto, Ontario, Xigem is well positioned to become a leading technology provider for the emerging nearly trillion-dollar remote economy, with software capable of improving capacity, productivity and global remote operations for businesses, consumers and other organizations. iAgent, the company’s patented technology, FOOi, its proprietary peer-to-peer mobile payment application, and Cylix Data, its business intelligence engine, will provide organizations, businesses and consumers with the tools to thrive. in a wide range of remote work. , learning and processing, as the Company seeks to aggregate a portfolio of innovative technologies capable of disrupting traditional business models.

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CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” within the meaning of applicable securities laws. Any statements contained herein that are not clearly historical in nature may constitute forward-looking statements.

Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “anticipates”, “expects” or “does not expect”, “is expected”, ” budget”, “planned”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or may contain statements that certain actions, events or results “could”, “could”, “will”, “could” or “will be taken”, “will continue”, “will occur” or “will be achieved”. forward-looking statements contained herein include, but are not limited to, statements regarding: the characteristics of the technology invested (including, but not limited to, the intended interface); the launch of the next generation of the Cylix Data business risk profiling platform; the functionality and capabilities of the p ublication of data and the related benefits; the information available via Cylix Data; and future product enhancements disclosed in the press release and other features of the planned product roadmap.

The forward-looking information contained in this press release is based on certain assumptions and expected future events, namely: the continued commercial viability and growth in popularity of the Company’s and Cylix’s applications; the ability to continue to advance Cylix’s product development; the continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; Cylix’s ability to improve the features and functionality of its products as currently planned; the successful launch of the new generation of the Cylix Data business risk profiling platform; continued market demand for Cylix’s products; the continued development of the Company’s and Cylix’s technologies; the continued growth of the Company and Cylix; and the continued growth of the industry in which the Company operates.

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including, but not limit thereto: the potential inability of the Company to continue as an ongoing operation; risks associated with the technology and data industries generally; increased competition in technology and data markets; the potential future non-viability or limited viability of the Company’s and Cylix’s product offerings; incorrect assessment of the value and potential benefits of the products described in this press release and the improvements expected from these products; the risks associated with possible governmental and/or regulatory measures concerning the activities of the Company; risks associated with a potential collapse in the value of data-related services; Cylix’s inability to improve the functionality of its product offerings and/or complete the launch of the next generation of the Cylix Data business risk profiling platform; and risks related to market demand for Cylix’s products.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management at the time it was prepared, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise, or to explain any material differences between subsequent actual events and such forward-looking information, except as required by applicable law.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.

SOURCE: Xigem Technologies Corporation

On behalf of the company:

Brian Kalish, President and CEO

For more information:

Telephone: (647) 250-9824 ext. 4

Investors: [email protected]

Media: [email protected]

Twitter: @XigemTech

Instagram: @xigemtechnologies

Facebook: @xigemtechnologies

LinkedIn: www.linkedin.com/company/xigem-technologies

www.xigemtechnologies.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/113797

Martin E. Berry