Hilltop Cybersecurity Inc. (CYBX:CSE; CYBXF:OTCQB) entered into a definitive agreement to provide cybersecurity products and services to an ASICS 7-nanometer chip provider, it announced in a news release.
The transaction terms outline that Hilltop will license its products and provide cybersecurity services to Island Mining SEZC in the various locales in which it operates today and in which it will operate in the future, including the Cayman Islands (its headquarters), Japan and Canada.
Island Mining will pay Hilltop CA$1.25 million for a master license for its cryptoKEEP offering. Subsequently, the two entities will pursue a white label arrangement.
"We see this transaction as a validation of Hilltop's technology and our sales strategy," said the corporation's CEO Corby Marshall in the release.
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