eCrypt Technologies Inc. Receives Cohen
Independent Research Report-Cohen Price Index
Target of $2.60
May 17, 2010 04:33 AM Eastern Daylight Time
BOULDER, Colo.--(EON: Enhanced Online News)--eCrypt Technologies (OTCBB:ECRY) is pleased to
announce the completion of a financial report by premier research company, Cohen Independent Research Inc.,
which concludes with a Price Index Target of $2.60.
The report evaluates eCrypt Technologies’ (the “Company”) potential by assessing the company’s potential to
capitalize on the fast growing trend towards wireless communications. It recognizes eCrypt’s Associate Member
status of the BlackBerry® Alliance Program.
The report considers the Company’s management, and makes a case for ‘eCrypt,’ the Company’s flagship product
with proprietary intellectual property.
Key highlights from the Cohen Independent Research Report include:
An endorsement of the Company’s technology, stating, “The information security industry is highly competitive and
the market is saturated with free security softwares. eCrypt’s competitive edge is its superior quality, comprehensive
data protection capabilities, and the Export Authorization with Mass Market Commodity Status. The Company’s
product can be used without the complicated requirements of servers, Service Providers, IT Administrators, or
experience with encryption technology, unlike the easily available free software, and the more complex and highly
expensive corporate solutions from providers such as PGP. Additionally encryption keys generated by ‘eCrypt’
software are stored only on the user’s handheld device, thus offering true data security.”
An evaluation of the fast paced growth of the wireless communications market is expected to rise in excess of 619%
The report suggests an increase in the percentage share of devices such as the BlackBerry® smartphone in the
wireless arena, and the inherent need for additional security with that growth.
The report estimates Company revenues to exceed $200