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Nice close--Got in last week when i saw some volume coming in. Looked like a great bottom play. I think this one has a ways to go. I'm hoping for .10 or better.
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This news is almost two weeks old but may have something to do with the recent attention this stock has been getting.
OPENLiMiT and nCipher to Cooperate in the Field of High Volume Electronic Signatures 03-30-2006 Zug, Switzerland - March 30, 2006 - Swiss OPENLiMiT Holding AG (OPENLiMiT) has signed a Memorandum of Understanding with the UK-company, nCipher Corporation Ltd. (nCipher). Both companies intend to cooperate in the field of high volume electronic signature solutions. The combined software/ hardware solution will target businesses, especially in the enterprise segment, and government entities, where the demand for high volume processing of invoices and documents with the qualified electronic signature is consistently increasing.
The solution will consist of the OPENLiMiT Batch software and the nCipher Hardware Security Module (HSM). The two products will interoperate whereby the OPENLiMiT software functions as a signature application component, and the nCipher HSM functions as a high speed key storage and signature creation device.
Prior to the cooperation, OPENLiMiT developed the OPENLiMiT SignCubes product family 2.0, which permits working with the qualified electronic signature also within the widespread PDF-Format. The OPENLiMiT SignCubes Base Components 2.0 v2.0.1.1 with the OPENLiMiT SignCubes PDF Plug-In v2.0.1.1 were certified according to Common Criteria EAL 4+ and confirmed compliant with the German Signature Law (SigG) by the German Federal Office for Information Security on November 24, 2005. Both the certification Evaluation Level for the product class and the qualified electronic signature within the PDF-format are unique worldwide.
"We see an increasing demand by enterprise and government for high volume processing of electronic invoices and other documents, with the qualified electronic signature in order to comply with legislation pertaining to electronic invoices. This increasing demand is driven by the desire to reduce administrative expenses. Switching to electronic invoicing potentially saves a company several Euros per invoice. We thus see a competitive advantage in cooperating with nCipher because an interoperable solution between both technologies enables high volume processing with greater speed and comfort than a common smartcard and card reader," says Marc Gurov, CFO, OPENLiMiT.
"nCipher’s Hardware Security Modules (HSMs) are widely deployed in high-throughput cryptographic transaction processing. With the uptake of digital signatures, we see the demand for batch processing of sensitive documents increasing. This combined solution means companies can ensure they comply with legislative requirements while also making their business processes more efficient and more secure," says Dr. Paul Galwas, Director of Product Management at nCipher.
About nCipher nCipher protects critical enterprise data for many of the world's most security-conscious organizations. Delivering solutions in the areas of identity management, data protection, enterprise key management and cryptographic hardware, nCipher enables businesses to identify who can access data, to protect data both in transit and at rest, and to comply with the growing number of security-related regulations. nCipher is listed on the London Stock Exchange (LSE:NCH).
About OPENLiMiT OPENLiMiT develops software solutions for the application of electronic signatures and encryption, which enhance the security, provability and efficiency of electronic communication processes, workflow and data. The OPENLiMiT SignCubes Base Components 2.0 v2.0.1.1 were certified according to Common Criteria EAL 4+ and confirmed compliant with the German Signature Law by the German Federal Office for Information Security.
Would be nice if OPLM is working with nCipher but hard to determine fact from fiction with the pennies......This is my first post so I hope the hyperlinks work.......
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I know what you mean, this thing is green for the fourth day in a row with no news....
To answer your question on why this dropped from .50 to .01 in a day......
OPENLiMiT Announces Decision to Spin Off Subsidiary 08-05-2005 BAAR, Switzerland--(BUSINESS WIRE)--Aug. 5, 2005--OPENLiMiT Inc. today announced that its board of directors has approved a distribution to affect a "spin-off" of its subsidiary, OPENLiMiT Holding AG ("OPENLiMiT AG").
The spin-off, which will occur on or about Sept. 1, 2005, (Distribution Date), will distribute 100% of the OPENLiMiT AG shares to OPENLiMiT Inc. shareholders. OPENLiMiT Inc.'s shareholders will receive, on a pro rata basis, one (1) share of OPENLiMiT AG common stock for every five (5) shares of OPENLiMiT Inc. common stock held on Aug. 19, 2005 (Record Date). The distribution will be completed on or about Sept. 2, 2005 (Ex-Dividend Date). An information statement concerning the distribution will be mailed to registered shareholders on or about Aug. 5, 2005.
OPENLiMiT AG has applied for a listing on the Berlin Stock Exchange as an independent public company. Thereafter, OPENLiMiT AG will apply to have its shares also listed on the Frankfurt Stock Exchange. Trading of OPENLiMiT AG common stock on the Berlin Stock Exchange is expected to commence simultaneously with the distribution on or about Sept. 1, 2005. OPENLiMiT expects that OPENLiMiT AG will be accepted for listing on the Berlin Stock Exchange prior to the distribution date.
Headquartered in Baar, Switzerland, OPENLiMiT AG maintains several wholly owned subsidiaries in Switzerland and Germany that perform a variety of functions, including product development, business development and marketing, support of distributing partner companies, licensing, consulting and training.
OPENLiMiT AG developed the first electronic signature application software of its kind to be certified by the German Federal Office for Information Security (BSI) according to Common Criteria EAL 3+ and confirmed compliant with the German Signature Law (SigG) and By-Laws (SigV). The Common Criteria standard is accepted throughout the European Union and many other industrialized countries around the world.
OPENLiMiT AG's overall corporate strategy is to become a leader for electronic signature and encryption software worldwide. OPENLiMiT AG's confidence in new proprietary technologies combined with a commitment to better software applications, technological excellence and service reliability have bestowed in them the belief that they will be successful in creating overall value for their shareholders.
The decision to spin off OPENLiMiT AG was based on the belief that enabling it to operate as an independent company will permit OPENLiMiT AG to take better advantage of European market opportunities in electronic signature and encryption software, where the technology is quickly moving toward standardization and OPENLiMiT AG's products are uniquely certified and positioned.
OPENLiMiT's products and news can be viewed on the company's Web site at www.openlimit.com.
OPENLiMiT Inc. is a public company; following the distribution, its common shares will continue to trade on the OTCBB under the ticker symbol "OPLM."
A number of statements contained in this press release may be considered to be forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results OPENLiMiT Inc. and OPENLiMiT AG may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. OPENLiMiT Inc. encourages the public to read the information provided here in conjunction with its most recent filings on Form 10KSB and Form 10QSB. OPENLiMiT Inc.'s public filings may be viewed at www.sec.gov
Basically OPLM is a shell with no operations...That is what makes the recent volume and price increase so interesting...
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Make that green 4 out of 5 days (forgot about the small bump on the 13th)......Looks like we hit .037 at one point today on almost a million in volume. I have my theories, but still can't find any facts on why we are moving......
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