Kolkata, West Bengal -- (SBWIRE) -- 08/29/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Strikeforce Technologies Inc (OTCMKTS:SFOR), Advanced Micro Devices, Inc. (NYSE:AMD).
Strikeforce Technologies Inc(OTCMKTS:SFOR), a firm specializing in cyber security for prevention of Data breaches, has announced receiving an official notice of Allowance from United States Patent Office. The notice states that the patent application "Methods and apparatus for securing keystrokes from being intercepted between the keyboard and a browser" is permitted to issue a patent.
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CEO of the firm, Mark L Kay, expressed happiness about getting the patent for the GuardedID Anti-Keylogging keystroke Encryption Technology which every keystroke typed on a keyboard.
Kay opined that most security experts agree on use of encryption as best way to protect data and GuardedID does just that from the point of Origin.
Before GuardedID, organizations and consumers were dependent on anti-virus software for keeping them safe, but there have been speculations about anti-virus in today’s world where there are sophisticated hackers.
Cybercrime is now estimated to be a staggering $400 billion annual market and is increasingly constantly. A large portion of the losses were because of lack of real-time anti-keylogging solution.
Kay opined that the timing of the patent was just perfect as in addition to the six million people using the keystroke encryption technology, the patent would help in expanding the current patent litigation strategy.
Shares of the company soared 475% to $0.0023 on Wednesday on hefty volume.
Advanced Micro Devices, Inc.(NYSE:AMD) would be leasing its Singapore subsidiary, Advanced Micro Devices (Singapore) Pte Ltd. This would not only help the firm get additional funds but also diversify business beyond the dampening PC industry.
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The firm has earlier decided to sell the Singapore facility to HSBC Institutional Trust Services. The company would then enter into a 10-year sub-lease for continuing its operations in a portion of the facility.
AMD is hoping to get $46 million (59 million Singapore dollars) once the deal is through. The sale is an effort by the firm for reducing investments as well as capital in non-core parts of the business.
Earlier, the firm had signed an agreement to divest the campus in Austin for approximately $164 million in cash.
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