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VPN Technologies (CSE:VPN) subsidiary files tech patent

Technology
CSE:VPN
20 June 2022 12:00 (EDT)

VPN Technologies (VPN) subsidiary, Greentech Hydrogen Innovations, has filed for patent provisioning of proprietary Internet-of-Things (IoT) analytics technology.

The technology is designed and developed for hydrogen producers, distributors, and commercial end-users.

Greentech intends to accelerate the development of a multi-phase innovation program that includes proof of concept, prototype, and a minimum viable product by the end of the year.

The IoT hardware device is with software installations operating wirelessly at hydrogen production plants, transport fleets and commercial end-user facilities. Greentech will operate the IoT device manufacturing, technology development, product distribution, device installation and support business, while VPN Technologies is the exclusive network provider for Greentech’s cloud analytics monitoring service.

VPN Technologies Inc. provides Virtual Private Network (VPN) services to the retail market and small to medium enterprises.

The company provides online privacy and anonymity for users by creating a private network from a public internet connection.

VPN Technologies Inc. (VPN) is trading at C$0.075 per share as of 11:50 am ET.

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